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The Pamphlet Collection of Sir Robert Stout: Volume 41



30. There are 11 Banks of Issue in Victoria, with 329 branches within the colony. According to the sworn returns of these institutions, their note circulation at the end of 1879 was £1,090,760, and their total liabilities £17,818,225, as against which the coin and bullion on hand amounted to £3,475,345, and the total assets to £25,339,843. At the same date the capital stock paid up was £9,026,250, and the amount of reserved profits was £2,698,097, The last dividend paid amounted to £482,800, or at an average rate of 10 per cent per annum.