The report of the directors for the half-year, ended December 31, 1914, states:—The gross profits to the Bank for the past year including Y. 1,315,406.24 brought forward from last account, amount to Y. 22,799,- 1666.62, of which Y. 19,314,418.35 have been deducted for interests, taxes, current expenses, rebate on bills current, bad and doubtful debts, bonus for officers and clerks, ete, leaving a balance of Y. 3,485,248.27 for appropriation. The directors now propose that Y. 350,000.00 be added to the reserve fund, and recommend a dividend at the rate of twelve per cent. per annum, which will absorb Y. 1,800,000. The balance, Y. 1,336,248.27, will be carried forward to the credit of next account.
Text read from the printed page and cleaned; old type leaves the occasional error.