Gentlemen,—The Directors submit on the annexed statement of the ilities and assets of the Bank, and of the Profit and Loss Account for the half-year ended June 30, 1907.
The gross profits of the Bank for the past half-year, including Yen 901,147.24 brought forward from last account, amount to Yen 12,171,077.51, of which Yen 9,266,018.79 have been deducted for current expenses, interests, etc., leaving a balance of Yen 2,905,058.72 for appropriation.
The Directors now propose that Yen 500,000 be added the Reserve Fond, From the remainder the Directors recommend a dividend at the rate of twelve per cent, per annum, which will absorb Yen 720,000 on the old shares and Yen 630,000 on the new shares, making a total of Yen 1,350,000.
The balance, Yen 1,055,058.72, will be carried forward to the credit of next account.
Konextyo Takanasut, Chairman.
Head Office, Yokohama, Sept. 10, 1907.
Text read from the printed page and cleaned; old type leaves the occasional error.