From the archive: National Bank of Scotland - 15 December, 1950
The balance sheet as at 1st November 1950 is in itself sufficient evidence of the continued progress of the Bank. Our deposits, at £96,300,000, are higher by £1,400,000, while on the other side, our discounts and advances, amounting to £23,400,000, show an increase of practically the same amount. Our profits, at £300,800, are fully £7,000 higher, but again, pursuing our traditional policy, the amount set aside for distribution as dividend is little more than one-third of our earnings, absorbing only £107,800 net and we have been able to appropriate towards building up the inner strength of the bank – £60,000 to Investment Reserve, £40,000 to Heritable Property, £75,000 to Trustees for the Officers’ Pension Scheme and to make a donation of £10,000 to the Staff Widows’ Fund.