The Directors have now to submit ike General Balance Sheet, and Profit and Loss Account to 3ist December, 1892, which show that, after providing for Bad and Doubtfut Debts, the net profits, with the addition of £10,247 188, 1d. brought forward, amount to 71,855 28. 10d. The Interim dividend paid October last absorbed £28,000. leaving £43,855 2s. 10d., out of which the Directors propose that a dividend be declared for the second half of the year at the rate of 7 per cent. per annum, free of Income Tax, and that the balance of £15, 85: 10d. be carried forward.
The Directors have agreed to extend the "Baring Guarantee " for a further period of one or two years, the amount guaranteed by this Bank being reduced from £100,000 to £23,000.
Text read from the printed page and cleaned; old type leaves the occasional error.