PROSPEROUS SOUTH AFRICA.
The prosperity of South Africa, which has owed much to the activity of the mining industry during recent years, in its turn, has stimulated trade activity generally in that country, and these conditions in their turn are reflected in the excellent Annual Report of the Standard Bank of South Africa. Share- holders are receiving a bonus of 4 per cent. in addition to their to per cent. dividend in place of the 2 per cent. bonus of the two previous years. The profits rose by nearly £80,000, and even after the higher dividend the balance forward of £149,292 is well above the figure of a year ago. Moreover, £125,000 is transferred to the Pension Fund. Very striking, too, are the figures of the balance-sheet; the deposits at nearly £66,000,000 have risen by over £8,000,000, while the activity of business is also reflected in a rise of nearly £4,000,000 in the Loans and Advances. The balance-sheet is a thoroughly liquid one.
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