6 DECEMBER 1930, Page 54

There are few of the more modern financial institutions which

have more completely justified their creation than the British Overseas Bank, and notwithstanding the difficult times experienced by all European countries during the past year, the annual report just issued for the year ended October 81st showed that there was a profit of £140,000 compared with 1159,000 for the previous year. The dividend of 6 per cent. on the " B '' shares is maintained, and there is the large carry-forward of £73,577 against £58,180 a year ago. Some contraction, as might have been expexted in view of the general conditions prevailing, is. apparent in the balance-sheet, but the very strong liquid position remains a prominent feature.