(For presentment at the irty-second Ovdinary General Meeting, Qlst April, 1886.)
The General Balance Shi wet and Profit and Loss Account to 31st December, 1885, now submitted, show that pre with the addition of £7,940 104. bro ght forward, amens to £103,496 18+. 11d.
_In view of the eon ed depreciation of the capital o the Bank xbroad has bee Tevalued current rat of exchange, thereby placing it ona gold basis, for which purpose the sum of £2: 55 9a. Gd. has been taken from the pr of the year; after providing bad and doubtful and deducting the Int paid in October t, the present balance is £35,933 16s, 114., out of w hich the Direc-tore' prop that'" Dividend be declared for the second half of the y ear, at the rate of Seven per cent. per an 1m, free of Income Tax, and that the bal 16s. 114. be carried forward.
Eranches.. 103,06 7 6
Net Profits for the years.
95,650 18 2
Text read from the printed page and cleaned; old type leaves the occasional error.