674 



INSURANCE NOTES. 



Tlie Savings Bank department of the Commonwealth 

 Bank w;is opened on 15th July. Business was begun 

 at 85 agencies in Melbourne ami suburbs, and 401 

 agencies throughout the rest oi the State. 



A destructive fire broke out in Maybe-street, Bom- 

 bala, N'.S.W., on the 14th July, when several fine busi- 

 ness places were destroyed — Lane's Dental Chambers, 

 Twecdie's " Bombala Times" newspaper office. Miller 

 and Co.'s general store, the premises of F. Dawson, 

 stock and station agent, and an occupied shop and 

 dwelling of eight rooms, owned by Wm. Beileitor. 

 The Bank of New South Wales and the Bank of Cuni- 

 merce had a narrow escape. 



At a meeting of the Insurance Institute of Queens- 

 land held recently, it was resolved that the committee 

 should make a special effort to obtain more members 

 among the managers of the insurance companies, a 

 relatively small proportion of whom are on the roll, 

 which fact is to be deplored, as these gentlemen must 

 surely recognise fully that the Institute is doing good 

 work in disseminating knowledge among the younger 

 membeis of their staffs, and on that account, it on 

 no other, is certainly deserving of their support. 



A resolution was recently passetl by the London 

 Clearing Bankers, wdth regard to crossed cheques, 

 that "no opening of cheques be recognised unless 

 the full signature of the drawer be appended to the 

 alteration," Thirteen years ago the Melbourne Asso- 

 ciated Banks adopted the following resolution : — 

 "That no crossed cheque will in future be paid in 

 cash by any bank that is not ' opened ' by the same 

 authority as that by which it was originally signetl," 



A fire which occurred at Lauristou (victoria) on 

 loth July dcmolishetl the Oddfellows' Hall, the Kent 

 Hotel. y\v. A. Tiu's butcher's shop, and Mr. A. Mid- 

 dlemiss's grocery store. All the buildings and tlicir 

 contents were only partially insured. 



The report and accounts of the Commercial Bank of 

 Australia Limited for the half-year ended June 30, 

 again show an inci-eas(> in profits, which amount to 

 £(55,109, against 4'(il,081, for the previous half-year. 

 The total for the twelve months is thus £120,190, 

 against £118,301 for the previous twelve nu)nths, 

 ended June 30, 1911, To the net profit of £05,109 is 

 adcled balance brought forward £4877, nuiking to- 

 gether £(i9,y80. Dividend on prefei-ence shares at the 

 rate of 3 per cent, per annum absorbs £31,700, while 

 £25.001) is appropriated for reinstatement of capital, 

 £5000 to reduce bank premises, and £2000 for officers' 



fuarantee and provi<lent fund, leaving a balance of 

 6220 to be canied forward. The amount applied to 

 reinstatement of capital, £25,111111, compares with 

 £23,Ono foi- the previous half-year, £25,000 for the 

 half-year en<led .Iiine 30, 1911, and £20,000 for the 

 iialf-year iiided December 31. 1910. The following is 

 a comparisiin of some leading figures for the past live 

 half-years: - 



Not Profit 

 £ 

 55,002 5,495,010 

 59,556 5,795,148 

 58,805 6,372,741 

 61,081 7.124,152 

 65,109 6,-508,822 



Deposits, 



June .311, 1910 

 Dec, 31, 1910 

 June 31). 1911 

 Dec. 31. 1911 

 June 30, 1912 



Advances. 

 £ 

 5,092.034 

 5.327,017 

 5,097,270 

 5,.520.404 

 5,779,806 



THE 



COLONIAL MUTUAL 

 FIRE 



INSURANCE COMPANY LIJVIITED. 



INSURANCE 



FIRE 



ACCIDENT- 



EMPLOYER'S LIABILITY 

 FIDELITY GUARANTEE 

 PLATE-GLASS BREAKAGE 

 MARINE - 

 BURGLARY 

 LIVE STOCK 



OFFICES : 



MELBOURNE— 60 Market Street. 



SYDNEY— 74 Pitt Street. 



ADELAIDE— 71 King William Street. 



BRISBANE— Creek Street. 



PERTH— Barrack Street. 



HOBART— Collins Street. 



LONDON— 77 Cornhill, E.C. 



WALTER TUCKER, 



General Manager. 



THt tQlllY TRLSTtES, tXEtUlORS, ANU 

 AGENCY COMPANY LIMITED. 



RESERVE IIABILIIY, £100,000; GUARANTEE FUND. £10.000. 

 BOARD OF DIKECTORS- Edw»rd Kniininp. F.Bn , OmiiDian . W. 

 H. Irvine, Esq, K.C, M.P. ; Donald Macliinnon, Eeq., M.L,A, ; 

 R. O. M'Outc)leon, Eec]., M L.A. ; Stewart Mc.rthiir, Esq. 



Registered Office: No, 85 Queen Street, Melbourne. 



T)li8 Company i« empowered by special Act of Parliament tt 

 perform all claBBfe of trustee businebH. JOEL FOX, ^1a^aJ:er, 

 O. T MARTIN, Assistant Manager. 



CLEMENT H. DAVIS, 



Incorporated Accountant. Specialist for Installing 

 Latest American Office Bookkeeping Systems, viz, — 

 Looseleaf or Perpetual Ledi^crs and Card-Ledgers 

 Correspondence, Filing, Adding and Posting Machines, 

 &c., &c. 



ROYAL BANK CHAMBERS. MELBOURNE. 



is paved with Good Digc$tioi\ 



BRAGGS 



CtiBteoat 



purifies the system and is invaluable for INDIGESTION. 



Acidity, Hcnrtburii, Impure Brc.ith, and Diarrlicra. 

 Rt'rouni.' >,il.'l hii lh,rt„rit. Of .ill Cliemisls and Sloies. 

 liisciiil.s, 1,2 , A 4 - i«T tin ; I'..\v,l.-r. 2 ■ Jt 4/ p.i l.oltl.- ; 



Li./<'tmr8, 1 1 * ti" : CapsulDB. 2/ imt ln>\, 



FREE SAMPLE Mill ..n ^'■r,-^^ ..f ilii^ (',)u|.'>ti t.ii<l :i</ fur 



I".Bt:it.''' I . iiij\' |..ii-t .jf til.- Ilriii.ili HTii|.irr luid 1' S .\, 



.1, I, 1;H,\<;U. 1*11... M. 'W liiMoiii: .ST, l.oM.itN ,:! 



