17 JANUARY 1931, Page 33

Tins MIDLAND STATEMENT.

The balance-sheet of the Midland Bank shows the very substantial increase of about 119,000,000 in the deposits, a movement which compares with a shrinkage in the previous year of about 115,000,000. In this case, too, there was a contraction in the advances of nearly 17,000,000, but that movement was more than offset hy an increase of about 125,000,000 in the bills discounted. During the year there was a fresh issue of shares at a premium, and both the capital and the reserve increased during the year by a little over /800,000. The bank again presents a consolidated statement covering the various affiliated institutions, and this state- ment shows a combined total of 1521,198,000 as conipared with £511,496,000 a year ago.

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