23 JANUARY 1932, Page 34

A STRONG BALANCE-SHEET.

Great liquidity is once again the outstanding feature of the annual report and balance-sheet of Baring Brothers & COm- pany. Acceptances. as a result of trade depression, have been materially reduced, but the balance-sheet shows a proportion of cash to deposits of well over 34 per cent. In deposits there is practically no change to note, the figure at the end of Decem- ber being slightly above the total at the same date in 1930.

A. W. K.