General Meeting, 19th April, 1899.
The Directors have now to submit to the Shareholders the Balance-Sheet and Profit and Loss Account of the Bank for the year ended 31st December last.
These show act, profit, after providit bad and doubtful debts, of £169,212 Gs. Sd. inclusive of £12,402 19s, 9d. brought forward from the previous year. The Zuterim Dividend at the rate of Ted per cent per annum paid in October last absorbed £40,000, and a further sum of £10,000 has been appropriated to pay a Bonus of Ten per cent on the sulaness of the Staif, The amount now available is there-Sd., out of, ch the Directors propose to pay a Final Dividend at the rate of Ten per cent. per annum, makin Ten per cent for the whole year; to ad £50,00¥ to the Reserve Fund, which will then stand at £500,000; to add £5,000 to the Oticers' Superannuation Fund;'to write off Premises Account £10,000, and to carry for~ ward the balance of £14,212 6s. Sd.
Text read from the printed page and cleaned; old type leaves the occasional error.