The Archive · 1925

CHARTERED BANK

Directors' Report

The following is the report of the directors of the Chartered Bank of ble Tudia, Australia & China for the year ending December 31 las These show a net profit, after providing for all bad and doubtful debts, of £993,122 11s, 8d. inclusive £222,407 18s, 6d. brought forward from the previous year. The Interim dividend at the rate of 14 per ent. per annum paid in. September absorbed £219,000. The amount fable is therefore £783,123 to pay a final dividend at the rate of 14 per cent. per annum together with a bonus of six shillings and Threpence per aharey making 204 per cents per antvam for the whole year, free of income tax; to £100,000 to the reserve fund, wh ald will then stand at £4,000,000; to add £25,000 to the officers' super ann tion fund; to write off premises recount £50,000, and to carry for-ard the balance of £210,623 11s. fand, and recommend a dividend at! the fate of 12 per cent. per annum,

The balance, ¥.5,417.952.77, will bbe carried to the credit of next ac-

Text read from the printed page and cleaned; old type leaves the occasional error.

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