The directors submit statement of the affairs of the bank and balance sheet for the half-year ended December 31, 1910.
The net profits for that period, incladiog $2,029,390.83, balance brought forward from lest account, after paying all charges, deducting interest paid and and doubtful accounts amount to and making provision for bad 300,000 $5.243,906.46.
The directors recommend the transfer of $250,000 from the Profit and Loss account to credit of the silver reserve food, which fond will then stand st $16,250,000.
After making this transfer and deducting remuneration to there remains for appropriation $4,984,606.46, out of which the directors recommend the payment of Aividend of Two Pounds tering. per Page vs 240,000; and a bonus of ye Shilliogs sterling per share, viz.
Trustees' Fees Account 2,500 Zwenty-ano Bateten ta' 7g £30:000, amounting in all to £270,000 Anditon' Fees Account Directors' Fees Account 5.000 Sandiy oodles seocties 500|Sandry Debjory——.uss pit which 119.001 ghaorb $2,045,454.55, st 1/10. the rate of the will Balance transferred to Profit Tha balance, $2,030,151.91 to be trid Lore Ale ssseecseesesees426,
Text read from the printed page and cleaned; old type leaves the occasional error.