16 JANUARY 1932, Page 30

BANK OF NEW SOU'TII WALES.

When allowance is made for the abnormal conditions prevailing in Australia, and especially in New South Wales, the Report of the Bank of New South Wales must be regarded as satisfactory. A year ago the profit for the year ending September 30th, 1930, was 1734,699, after paying 1366,621 in taxes. Last year, after paying taxes of £457,822, the

(Continued on page 96.)

Financial Notes (Continued from page 94.) profit was 1585,235. During the past year a dividend was paid for the first two quarters at 9s. per share, for the third quarter at 8s. per share, and for the fourth quarter at fis. per share (Australian currency) making an average of 8 per cent. for the year. The balance sheet shows an Increase in Deposits of over £3,000,000.

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