Meeting, the Shareholders will have received as Divi-If this appropriation of Profits be confirmed by the dend for the year 1SUS, the sum of $360,000 (twelve per centum on the paid-up Capital), and the amounts carried to the Reserve Pund during the same prod aggregate $325,000, raising this Fund to $700,009, so that on the 31st December, 1868. the Fund stands at sum equal to 234 per cent on the paid-up Capital of the Corporation, independent of the sum of $63,252. 14 undivided profits to be carried forward; thus showing 'a total net Profit for the year 1863, of $748,252.14 for 24.27 per cent on paid-up Capital) aiter deducting charges, expenses and allowances of every description, including the Rebate on Bills maturing after December 31st';—a result which compares most favorably with the results of the Bank's working in previous Years, the Prolits amounting $617 276.60 for the year 1 $178,781.00 ted 1865 (S$ Months only), G04 44 " 1 hose figures show so conclusively the continued Prosperity of the Bank, that further Statistics seem eeesary, and the Directors confine themselves to risen between the aggregate amount of Deposits and Notes in Circulation at the end vf this year, and the similar totals at the end of each previous year of the Bank's working ib advancement in public favor, winch ratifying to the Shareholders ax it ix to prictorn upon rac express th tribution tum per been further wer until the Fund shall hav rived to such an ataount ay shall rea-assary to withdraw from dt tai the rea sla Million of Dollars, the when they can with 1 of a larger proportion of t the shape ut Di i, and the Fand by holdings in pt the sam of a Million of Dollars; 1 jp f such at lo kept anding Reserve in Lnudon aul the balance is where y "the Exehanze operations tease itt ly importance.
bombay Ad lopment of the bu ness of the fined as it entering into tran for the establishment of a special A on the same footing as er Marek last, the working of ward: answered the expectations of the Directors, The Court, on this occasion, deem it due to the present Agents of the Bank A. Mormarjee, to ack tions lily sal in which they have taken care of the interests of the Curporation during the last four years.
As has aire: been stated by the Directors when the Calcutta ney was in course of formation, the business to be carried by the new Bombay F tablishment is to be regulated by specific instru: from the Head Office and restricted to transact of a definite character connected with the general course of the Bank's Exchange operations in the East.
Catts.—The Proprietors will not be surprised to hear that the progressive development of the Bank's business and the extension of its field of operations, suggest the advisability of a corresponding and dual increase of the Paid-up Capital of the Corpor: tion; they are also aware that, according to the terms of the Bank's incorporation, the deferred period grant. ed by I. 3. Goverment for compulsorily calling up the balance of the subscribed Capital expires om the Blst_ December, 1 After a careful consideration of the matter, and feeling confident that the sums intended to be called up can be profitably employed, the Court has resolved, with the unanimous consent of its members, to. call up the two Millions of Dollars now remaining unpaid ea the 20,000 new Shares, and to divide the sum of $109, due upon each share, into four Calls of $25 each, payable on the following dates, viz Ist July. 186!
Ist July, 1870, Ist Jan, 1 Ist Jan, 1
$2,000,000
The first of the above Calls will be made forthwith by the Directors, and notice will be given, in due course, of the ensuing ones, in respect of which, however, the Court retain the powers confided to them by the Deed of Settlement should any emergency necessitate any departure from the course now proposed to be followed.
Ivhas moreover been resolved to allow the holders of new shares to pay up, by anticipation, the whole
Text read from the printed page and cleaned; old type leaves the occasional error.