GESTLEMES,—The Directors submit to you the annexed Statement of the Liabilities and Assets of the Bank, and profit and loss account for the half-year ending 31st Decem-'The Gross Profits of the Bank for the past half-year, including yen 411,025 brought forward from last account,' amount to yen 8,882,937, of which yen 1,033,436 have been deducted' for current expenses, interest on Geposits, ete, leaving a balance of yen 4,799,501.
The Directors wow propose that_ yen 500,000 be added to the Reserve Fund, raising it to yen 8,000,000; and yer 50.000 be set aside for the contemplated New Building. From the remainder the Directors recommend a Dividend at the rate of Fifteen per cent, per annum, which will absorb yon 900,000, and, as this is the last year of the Bapk's business term originally granted by the Charter. the Directors further recommend a Bonus of yen 25 per share, which will absorb yen 3,000,000.
The Balance, yer 349,501, will be carried forward to the credit of next Account.
Nacatase, Soma, Chairman.
Head Office, Yokohama, 10th March, 1900
Text read from the printed page and cleaned; old type leaves the occasional error.