Report of the Directors of the Agra Bank Limited, to be submitted to the pruors, Tuesday, 17th Burch, 188 and approval of the Shareholders, the Directors hay required at th to place bef thi Account of paths the financial condition of the Bank, nnd also in respect to the result of the period in ques-
secu that the tion. From the latter atateme wit it will be out of these profits, 8 4 provision for outetandinga to £74,897 irrespective of t less in amount for the previous your, and which is to be ascribed \y to the depression which has charactoriaed the condition of with the East during the greater po ai the year under review. Indian produce of almost every kind has for some tine ranged at extremely low prices, and the ihulteal consequence of this has been nully to restrict the extent of these i to credit of the present year. 8,319 107
273,319 107
With reference to the foregoing recommendation, the Directors would have been iti usual declar ud, at this ime, at the rate of 6 per cent. per amur, and including the ad interim Dividend previously declared, making an average annual return of 5b p t., free of Income Tax, they had seen contribution circumstances and difficul attendant upon Ban during the past year, they cannot regard the result: Lisfactory id in which they trust the holders will concur, The Directors have to announce that in accordance with the 65th clause of the Articles of Association, they have elected Mr. E, E, Dyson, a qualified Sharoholdor and one of its warmest supporters from the ate of the Bank's present constitution, a Member of the Board, but whose election will be subject to the confirmation of th Shareholders at the ensuing General Meet the 62ud clause of the following from the Board, viz., The Right Hon. t W. L. Watson, but, being eligible, offer themselves for re-election, tors, Edwin H. Galeworthy, Coq and, Major-General J, Boileau, F.1S., whone term of office hes expired, offer th By order of the Board, J, Taomson, Chairman.
7th March, 1885, Bataxcu Suner, St December, 1884, Liabilition, amount paid 1,009,000 00 Amount of this Fand on rats Desema, 210,000 0 0 cee sone 0 0 Pederenr account 67018 6 is - 220,000 00
Ses 10,781 188
Locality of Dairy, ug them o ily symputhives with that of 8 80 far as regard the mount of its operations, and this, combined with the foresight and care requlalte when times are unfavourable, will sufticiently explain why on th fits have not shown th 74,807 1-8
#719510 7 Approprinted to cover Myoabltatontataadinge, 13,878 0 0
3 1 Sided to Rewrve Fund Sold Bought and bora which under other circumstances might have been looked for.
Text read from the printed page and cleaned; old type leaves the occasional error.