BANktliG OVERSEAS.
British banking institutionswith considerable foreign connexions have been met by the same difficulties as those prevailing in this country to the extent that interest rates have been low and the profitable and safe employment of funds a difficult matter. In view of these conditions, the results achieved by the British Overseas Bank during the year to October 31st must be considered very satisfactory. The profit for the year was practically unchanged, amounting to 162,333 compared with 162,808, in 1932-33, of which the dividend of 6 yer cent;" , on the publicly-held " A "-''shares required 1600% It is evident : from the balance-sheet, however, that the Banlets business- has expanded during the year. Deposits rose friar. £2,599,182 to £2,964,622, while acceptances, at '£3,121,4-26, 'a he - also slightly higher. A feature of the assets is the further strengthening of an already sound position from thepoint of view of liquidity, for the total of cash and money at call at the end of October last wits £1,175,384, an advance of 1273,170 on the year. While strengthening its liquid position, however, the Bank has also increased its, advances, which are shown in the latest accounts at £2,024,740 cornfared with £1,840,098 at the end of October, 1988. Taken as a whole, the .figures indicate that the Bank, although a post-War creation, has already built up a strong linancial position, and is also:taking an increasingly valuable pike..in_ the: financing Of: :044 „trader. _
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