BRITISH OVERSEAS BANK.
The latest annual report of the British Overseas Bank Ltd. is a good one, showing, in fact, a new high record of profits. A year previous there was a trifling setback in profits, but this year the total of £150,615 is the best yet recorded, and the dividends of 6 per cent. on the " A " and " B " shares are again reported. For the past three years there has been a steadiness of profit-earning power suggesting stabilized con- ditions in that respect, but on the other hand the balance skeet is also suggestive of further improvement in the future, a considerable increase being shown in general activi- ties, the total resources standing at £10,936,355 against £8,592,482 a year ago. Not the least interesting feature of the balance sheet is the rise of just over £1,000,000 in the deposits which now stand at £4,588,988. In Acceptances, too, there is a rise from £2,837,753 to £4,089,166. In all respects the balance sheet discloses a strong position.
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