22 DECEMBER 1928, Page 32

The annual report of the Commercial Bank of Scotland is

a good one, which shows steady progress, notwithstanding the depression in a great many of the heavy industries. The Bank's deposits reveal a small increase for the year,- with net profits showing a modest advance of a little- over £9,000. The dividends of 16 per cent. on the " A " shares and 10 per cent. on the " B " shares are maintained, while the allocation to the Reserve Fund is £100,000 against £50,000 a year ago, and that fund has now been raised to £2,000,000.

* * A. W. K.