BANEENG IN AUSTRALIA.
The latest half-yearly Report of the Commonwealth Bank of Australia is a very encouraging one, the profit having risen from £210,000 to £318,000. The Report gives evidence of active demands for accommodation, Loans and Advances, as shown in the balance-sheet, rising from £11,241,000 to £16,195,000. In Deposits, however, there was a considerable . decrease and, to provide for the larger loans, some other assets _ were reduced, cash and notes and money at short call in London falling materially. The Note Issue Department showed a reduction in the cir-culation from £53,890,000 to £48,393,000. The profits of the Issue Department, however, amounted to £599,000, of which £449,000 went to the Common- : wealth'Treasury and the balance to the capital account of the Rural Credits Department. It is interesting to note that as regards the ordinary banking profits one-half goes to the Reserve Fund, raising it to nearly £1,000,000, and the balance
to the National Debt Sinking Fund. A. W. K.
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