to he presented to the Shareholders at the Sixth Anntal Meeting to the held on Monday, the 15th April, 1901, at the Cannon Stecet Hotel, London, B.C, at 12 o'clock, noon.
'The Directors beg to submit, to' the Shareholders a statement of the affairs of the Bank lst December, 1900.
The Gross Profits for the year are 16s. Gd., which, after deducting Expenses of Management and Deposit Interest, leaves a not profit of £9,106 5s. Id. This sum, along swith the balance of £2,623 13s. Sd. from 1899, it is proposed to carry forward.
The deficiency account of the Old Bank lis eon reduced t6 £199,735 18s. 10d., a sum of into year, party from Old Shareholders and 10 1s. 11d. having been recovered during partly from forfeiture of Shares in New Bank whose holders could not mevt their calls in full The litigation with the defaulting Chinese Shareholilers has been suspended consequent the disturbed state of affairs in the north of China. Representations are again being made with a view to getting the claims ae: Knowledged at the general settlement which is expected shortly to be arrived at with the Chinese Authorit The Court of Appeal at Albany has not yet given its decision in our suit against an Ame-Tien Shareholder. Judgment is expected during this year.
The Directors who retire at this time are Mr. David McLean and Mr. H. D. Stewart, and, being eligible, they offer themselves for ing to £235,718 3s. 4d. are Todged as' security for Loans, and Bille Payable
Text read from the printed page and cleaned; old type leaves the occasional error.