Gexirues,—The Directors submit to you the annexed statement of the liabilities and assets of the Bank, and Profit and Loss Account for the' hilt-yar ending Tune 80th, 1902.
The gross profits of the Bank for the past half-year, including yen 544,156 brought forward from last accounts, amount 24,672, of which yen 5,259,098 deducted for current expenses, &c., leaving a bilince of yen The Directors now propose that yen 209,009 be added tothe Reserve Fund, rai it to yen 8,910,000 ani that yen 100,000 be put aside as special reserve to provide for the depreciation of the silver funds. From the rei nder the Directors recommend a dividend at the rate of thirteen per cent per annum, which ab orb sen 780,000 on old shates "ud yen 399,000 on new shares, making " total of yen 1,170,000.
The balance, yen 495,073, will be carried forward to tke credit of n-xt account. Nagatane Soma, Chairman, Head Office, Yokohama, 10th September, 1902.
DALANCE SHEET, 3th June, 1902, Yen, Capital paid 18,000,000 Reserve Fund 8,710,000 Reserve for doubtful debts 317,082 Reserve for new building 39,089 Reserve for depreciation Bank's premises, proper furniture, ete.
Deposits (Current, Fixed, ete.
Bills payable, bills redixeounted, neceptances, and other sums auc by the Bank Dividends unclaimed Amount brought forward from last Account...
544,156 Net Profit for the past year.
Text read from the printed page and cleaned; old type leaves the occasional error.