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EASTERN BANK RESULTS.
The annual report and balance-sheet of the Eastern Bank Limited is a satisfactory one, the decline in profits from £122,000 to £120,000 being trifling, while the 9 per cent. dividend was maintained and £20,000 was added to Reserve and £10,000 to Premises Account, while the balance carried forward was rather larger at £38,000. Moreover, the balance- sheet shows a further small increase in Current and Deposit Accounts, which now stand at practically £6,000,000. Loans and advances, which amounted to £2,921,000, show an increase of over £500,000. It should also be noted that the actual net dividend to shareholders is a little higher than a year ago, because the rate of the tax deduction, after allowing for relief in respect of Indian tax, is a little higher than last year.
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