30 NOVEMBER 1929, Page 40

A GOOD REPORT.

In all respects the latest annual report of the Royal Bank of Scotland is up to the high standards which have been established by that bank for many years past. The net profit shows a small increase. Deposits have advanced, the dividend of 17 per cent. is maintained, the proportion of cash to deposits is slightly increased, while at the same time the expansion in loans and advances, combined with the increase in deposits, indicates that ;here has been some improvement in trade conditions in Scotland, and that the Royal Bank has taken an active part in financing it.

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