The Archive · 1884

Of Directors to the Proprietors

The Directors prosont their 'Lhirty-third Anwual Report, and submit to' their Co-Proprietors the General Statement and dited, showing a balance at credit of Profit slang Shoot for the your 1883, duly and Lows of £7,367 7a; 2d., after making ations for bad and doubtful grating the result of the the Shareholders to tele 8, would bog to refer roular of 23th ly; lao, in which they atated the asteysatifuctority realising contain outstand-depreciation in the bat ce Pp luble for "apor, as reasons for carrying on on the 30th Jun the complete your enn ae 10, Drought down from the p cooints show that, including the ata of From tote deducted for we 1688 were £247,081 146 numbers, £180,000 would be app! over the depreciation before referred to pital fixed abroad, and £570,000 xce8s of the above ial the realisation in re ing devoted to the ofa a up of the Reserve Fund.

Pominal amount of t or thei ill for enabling the Bank to Limited Company (with t fu oe. 60,662.18 7 ities 16,859 00 for fore), has. be yn introduced to announce the re-£16772 colloagti a Fraser, who is, ho Board of @ valued That, nider existing circumstances, the Bank. has, been able. to write off nearly ever, now taking an active part in £77,000 againat depreciations (almost Company lately formed tirely, on account of old outstandings), of fresh capital into an evidence of the substantial value of the business and connection, and of the zeal in announcing that and efficiency of its officers, to all Millis yeousoy Bi. Malcolm D. Me.

The expenses ate more than £10,000 be-has consented to join the Board. Jow, the previous year; and, as the reduced 1884, further economics will conly takes effect from the ina partner in the London firm of Mollwraith, McEucharn and Ca, future Accounts.

Mr. thnt, Mr. Oliphant, and Me.

however, by reduction of ex-Directors who retire by rota-pane that, th mean be ud' the Court have pleasure in re-materially, improved; ig them for re-election, that which has

Text read from the printed page and cleaned; old type leaves the occasional error.

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