BANKING IN CANADA.
Once again the Bank of Montreal appears to have achieved excellent results on the year's working, and while, no doubt, this is due, to some extent, to the general advance in Canadian prosperity—of which, indeed, it is a welcome sign—the-capable and sound management of the bank is proverbial. The bank's fiscal year ends with October 30th, and the latest balance-sheet shows a total of assets of 781,000,000 dollars, being an increase of about 26,000,000 dollars, while the liquid assets exceed 60 per cent. of liabilities to the public.' The general improve- ment in business in Canada has occasioned a fairly big expan- sion in Current Loans, to finance which there has been some realization of securities. The profits for the year amounted to 4,978,000 dollars, as against 4,605,000 dollars for 1925.
Of the increased profits, the directors have been content with maintaining the usual dividend and bonus, and after allocaiing 800,000 dollars to Bank Premises, there is a halanee carried forward of 767,000 dollars. It should, peihaps, be added that these figures are taken from brief cabled statements, but they will doubtless be amply confirmed ere long by the full Report. - A. W. -K.
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