6 DECEMBER 1930, Page 54

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DANEING IN AUSTRALIA.

When all allowance is made for the -adverse conditions now prevailing in Australia, the latest profit statement by the Bank of New South Wales can certainly-be described as "satisfactotr. For the first three quarters of the financial year ended September 80th last the dividend has been main- tained at the rate of 10 per cent. 'per annum, and in the fourth quarter it has been reduced to 9 per cent. per annum. This reduction is, no doubt, indicative of precautionary measures, but nevertheless the actual reduction of the dividend for the whole year is trifling. The deposits, show a small increase notwithstanding lower prices of commodities and advances have_ increased.