The profit_and loss account of the Bank of East Asia, Ld., for the year ending December 31 last is as ollows:—The profit for the year, including 65,665.32 brought forward and deducting all expenses, amounts $1,118,437.61. After deduct-jing a sum of $500,000 tranferred to the reserve fund on July 1, 1921, which has since been capitalize there remains a balance of $618,437.61 which the directors propose to deal with as follows:—Yo pay a dividend of $6 per share on 20,000 old shares, absorbing $120,000.90 ito pay a dividend of $2 per share on 30,000 new shares, absorbing 60,000.c0 To pay a bonus to directors, holders of founders? shares and the staff 130,915.84 To write off bank premises account 30,000.90 To transfer to reserve fund 200,000.00 iTo carry forward 71,521.77
$618,437.61
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