A correspondent kindly sends us the following pithy little paragraph from the Inancial report of ' Het Handelshlad":—" In Germany the tone of the market has been less favourable. This has been prior cipally caused by the report that the Nationalbank fir Deutschland. one of the German "Grossbanken" will not pay a dividend for the first time since its incorporation. Last year 6 per cent. dividend was paid. Considering that the past year included six months of peace, this s sufficient proof how strongly the fluence of the war is felt already. In contrast, attention may be called to the statement of the Chartered Bank, given in to-day's Commerce and Finance, which not merely pays the same dividend for the whole of 1914 as for the whole of 1913. namely twenty-eight per cent., but puts the large sum of £150,000 to special reserve.
Text read from the printed page and cleaned; old type leaves the occasional error.