The Directors have now to submit to the Shareholders the Balance-Sheet and Profit and Loss Account of the Bank for the year ended Rist December.
These show a net profit, after providing for bat and doubtful debts, of £198,285 Is, Sa. inclusive of £14,212 6s, 5d. brought forward from the previous year. The Interim Dividend at the rate of Tea per cent. per annum paid in Uctober last absorbed £40,000, and the amount now available is there-re £88,285 He. Lid, out of which the Directors propose: il Dividend at the rate of Ten p cent, per annum, making Ten per cent. for the whole year; 10 add £25,000 to the Reserve Fund, which will then stand at Mr. A. P. Cameron has resigned his Director-Ship in consequence of his retirement from propos that Me. E. F. Alford, I the Directors who now retire 8 for re-election
Text read from the printed page and cleaned; old type leaves the occasional error.