24ti Jan. Pu "Directors of the Hongkong and Shanghai Bank have accustomed us of late years to hear that the profits have took the imperial mantle on the 15th' man" in polities. Germany's frontiers are as secure, her prosperity as safe, her shoulders was one of peculiar difficulty. His grandfather and father had consol Tidated a great empire out of a number of small, not entirely homogeneous, and often jealous, kingdoms and principalities; in doing it they had aroused envy and suspicion in many of. their neigh-influence in Europe as great under von Caprivi as under Bismarck. Her commerce flourishes, although it is hampered by Protection, and every day we hear of the inauguration of a line of steamers ito Asia, Africa, or America, She is becoming, scanty as the opportunities reached sensational amounts, and the hours, and had made tivo great enemies 4 net profit of one-and-a-quarter millions one on either side of them, France and of dollars made in the first half of 1890 Russia, so that every step their em-was considered phenomenal. Yesterday Pie took on the path of peaceful pro-the approximate figures for the latter gress had to be taken sword at side. left. by England are, a colonial power and the efforts of his subjects in. every direction are warmly seconded by the Emperor. Berlin has become one of the few great capitals of Europe, and half of 1890 were received, and the net profits are said to amount to $1,800,000 or over £300,000, a result which as far as we know none of the large London joint-stock banks has ever reached. Out of this magnificent profit it is proposed to carry $300,000 to reserve, and write off $100,000 from the bank's property account, and to pay the share-lers a dividend of 30s. on the old shares, and a bonus of the same amount, £3 in all, carrying forward $130,000 to new account. In commenting five months ago on the Bank's report for the first half of 1890, we expressed the hope that the directors and shareholders would "recognise and reward the exertions of their staff, by the grant of a bonus proportionate to the results those exertions have done so much to achieve and we are glad to hear that it is now proposed to ive the officers of the bank, out of the profits now realised, a bonus of ten per cent, on their salaries. Whether we have the good fortune to be shareholders, or not, we are all proud of the local bank and elated by its success, and the hope will be universal that it never have a worse half-year than the one it has just passed. It seems fitting that such a success should crown the last half-year of Mr. 'I. Jackson's chief-managership.
Text read from the printed page and cleaned; old type leaves the occasional error.