16 JANUARY 1926, Page 36
GLYN'S FIGURES Once again the balance sheet of the well-known
banking house of Glyn, Mills & Co. is notable for the high proportion of cash in hand ; in other words, for its liquidity. The ratio of actual cash in hand to liabilities is over 18 per cent., while if cheques and balances on other British banks, and money at call and short notice were to be included, the proportion of over 40 per cent. is shown. Moreover, the figures of the balance sheet disclose progress both as regards deposits and the uses made of them. The total of deposits of £31,026,000 exhibits an increase for the year of nearly £1,000,000 while in advances there is an increase of nearly £2,000,000.