The report of the directors of the Bank of Canton, Ld., for the year ending December 31, 1921, states:
The nett profit for that period, including £25,422° 2s, Od. balance brought forward from last account, amounts to £116,539 5s. 10d. and, after paying all charges and also £11,106, Os. 3d. for bonus, there remains for appropriation £185,483 6s. 7d., which it is proposed to deal with as follows To transfer to silver reserve fund $400,000 at exchange 2/77, equivalent to £1,666-13-5 To write off furniture, fixtures and vault act.
226-18-10
To write off stationery act.
To write off underwriting commission act.
To write off bad and doubtful debts'
To payment of dividends at 6 per cent. per, annum on the paid up capital at exchange 2/7, absorbing To- payment of bonus at 4 per cent. per annum on the paid up capital at exchange 2/7, absorbing To balance carried forward 2,304-6-6
Text read from the printed page and cleaned; old type leaves the occasional error.