The Archive · 1921

The Chartered Bank

Dividend and Bonus

The local branch of the Chartered Bank of India, Australia China has received the following telegram from the head office of the auk "At the approaching annual general meeting of shareholders the actors will recommend that a dividend be declared for the past half year at the rate of 14 per cent. per annum, and a bonus of 6/3 per share free of income tax (equal to 20} per cent. per annum), that £100,000 be added to the reserve fund, that £35,000 be added to officers' superannuation fund, that £100,000 be written off premises account, and that £209,600-6-4 be carried forward." 7

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

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