Hale Yearly Report The report of the directors of the Yokohama Specie Bank for the hat year ended December 31 last states The net profit of the bank for the past half-year, after providing for all bad and doubtful debts, rebate on bills, ete., shows Y.14,847,143.40 inclusive of Y.4,154,936.69 brought forward from last account.
The directors propose that Y.4,000,000 be added to the reserve fund, and recommend a dividend at the rate of 12 per cent. per annum, which will absorb Y.6,000,000.
The balance, Y.4,847,143.40, will be carried forward to the credit of next account.
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