Financial Notes
ANGLO-SOUTH AMERICAN BANK.
BOTH as regards profits and balance sheet figures the latest minim' report of the Anglo-South American Bank is an excellent one. The increase in the net profit for the year was over £6,000 and as compared with two years ago the increase was about £9,000. In accordance with the conservative policy hitherto pursued, the dividend is confined to 10 per cent., but the allocation to staff Pension Fund is £30,000 against £25,000, while, the bank having no longer to allow for any depreciation of capital employed in Chile, the directors are able to increase the carry forward from £454,810 to 1506,001.- The balance-sheet, too, shows general progress in business activities, the deposits having risen substantially, while the balance sheet shows great liquidity, the cash in hand and at bankers- and at short notice, together with balances with auxiliary banks standing at 17,744,000 as compared with £4,695,655 a yeai ago.
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