Gentlemen,—The Directors submit to ut of the Li jes and Assets of the Bank, fit and Loss Account for the half-; ending 30th June 1904.
The Gross Profits of the Bank for the past Half-year, including Yen 427,668 Brought forward from last Accounts, amount: to Yon 6,489,418, of which Yen 4,582,418 have been deducted for Current Expenses, Interests, ete., leaving a balance of Yen 1,907,000.
The Directors now propose that Yen 200,000}be added to the Reserve Fund, raising it to Yen 9,520,000, and that Yen 100,000 be placed to the silver funds. From the remainder the Directors recommend a Dividend at the rate of twelve per cent per ant num, which will absorb Yen 720,000 on old shares and Yen 360,000 on now shares, making a total of Yon 1,080,000.
The Balan ce, Yen 527,000, will be carried forward to the credit of next Account.
Nacatase Soma, Chairman.
To Carrent Expenses, Interests, &e. one 4,582,418 Reserve Fund... 200,000 for Silver Funs 100,000
Yen 6 per share for 120,000 old shar Yen 720,000, and 1,080,000 Yon 3 per share for 120,000 new shures= Yen 360,000 Balance carried forward to next Account 527,000
Yen...6,489,418
By Balance brought forward Bist Dec., 1908...... 427,668 Amount of Gross Profits for the half-year ending 30th Tune, 1904... ye "6,061,750
Yen...6,489,418
We have examined the above Accounts in detail, with the Books and Vouchers of the Bank and the Returns from the Branches and Agencies, and find them to be correct. We have further inspected the Securities, etc., of the Bank, and also those held on account of Loans, Advances, ete., and find them all to be in accordance with the Books and Accounts of the Bank.
Nosvo Tasma, Foxusanoro WATANABE, Head Ofica, Yokohama, 10th September, 1904.
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Text read from the printed page and cleaned; old type leaves the occasional error.