The Hongkong and Shanghai Banking Corporation's report for the past half-year has just been' issued. "It shows that in. cluding lance brought forward the ne rifts amount to $1,514,365.48, The directors propeme to deal with this sum as follows:—To transfer $250,000 to Reserve Fund, which will then stand at $5,750,000 to pay a dividend of £1.5s. per share, and to carry the balance of $312,780 to new account, This ix again an excellent result and should cheer the hearts of shareholders. With a continuance of the same ood management and good fortune, the Reserve Fund will, next year, reach the grand total of six million' dollars. Considering, however, the enormous business of the Bank, its true policy will be to go on augmenting the Reserve until it reaches ten millions, equal to the capital, which will place it in a well-nigh impregnable position,
Text read from the printed page and cleaned; old type leaves the occasional error.