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National Bank of Australasia reports solid gains and strong reserves
The bank cites ten year capital growth of £3,000,000 and Reserve Fund additions totaling £2,000,000. Profits funded £500,000 dividend, £100,000 to Reserve Fund, and £50,000 for bank premises. Advances up about £10,000,000 in five years, liquid assets at £10,782,000, near call deposits. Management praises safety and prudent support for enterprise despite industry criticism.
MENTIONED IN THIS ARTICLE
Teserve Fund
Effeet
Iwcal Bank
EASU
OF Australasia Limited Capital
John Grice
J. Newman Marker
Frank Clarke
K.A.E
M.L.C
James A. M. Bider
K.E.K
Bowes Kelly
Hugh M. Strachan
FE. H. Wreford
James Wilson
Melbourne
Collins Street
Victoria
South Australia
Western Australia
New South Wales
Queensland
Hobart
Launceston
Tasmania
Australasia
United Kingdom
London
Lothbury
Australia House
Strand