The report of the directors of the Chartered Bank of India, Australia & China, presented at the sixty-eighth ordinary general meeting on April 5, stated that the balance sheet and profit and loss account for the year ended December 31, last shor a nett profit, aitter providing for all bad and doubtful debts, of £997,669 15s. d., inclusive of £209,601 9s. lid. brought forward from the previous year. The interim dividend at the rate of 14 per cent, per annum paid in September last absorbed £210,000. From the amount available, £787,669 15s. 5d., the directors proposed to pay a final dividend at the rate of 14 per cent. per annum, together with a bonus of 6/3d. per share, making 20} per cent. per annum for the whole year, free of income tax; to add £100,000 to the reserve fund, which will then stand at £3,700,000 to add £25,000 to the officers' superannuation fund; to write off premises account £50,000, and to carry forward the balance of £215,- 169 15s. 5d.
Text read from the printed page and cleaned; old type leaves the occasional error.