A GOOD BANK REPORT.
For some few years past now when commenting in these columns upon the Annual Report of the Royal Bank of Scotland, it has been a case of noting record figures, and the Report which has been issued for the year ending October 11th last fulfils these same conditions. Exceptional interest was taken in this latest Report in view of the recent (Continued on page 864.) Financial Notes (Continued from page .8634
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acquirement of the share capital of Williams Deacon's Bank and the West-end business at Burlington Gardens of the Bank of England. This last-named transaction, no doubt, played some part in the further substantial increase in Deposits shown in the Royal Bank of Scotland Report, but there are also abundant signs of an increase in activities quite apart from these special and important acquisitions. In the case of Williams Deacon's the figures are not, of course, embodied in the Royal Bank of Scotland balance-sheet as it is a case of an affiliation and the business of Williams Deacon's will continue to be carried on as an entirely separate institution, though the announcement is made that two of the Directors of that bank, namely, Mr. Gerard Powys Dewhurst and Lord Bradbury of Winsford, are joining the Board of the Royal Bank of Scotland. Although not included in the actual balance-sheet, it is interesting to note that while the Deposits of the Royal Bank of Scotland have now risen to well over £50,000,000, the latest balance-sheet of Williams Deacon's Bank also showed Deposits of £31,000,000.
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