The Directors. of the Bank of Bast Asia, Ltd,, announce that, sub-Ject to audit, the profit forthe yea: ending December 31, 1929, afte writing-off all charges and making Provision for depreciation, bad-and donbtfu) debts, and including the balance of $401,749.74 brought forward from'1928, amounts to $1,192,- 927.92, which the directors propusc again been numerous. Steara Filatures have lost some of tha good reputation and value which they bad held for many years. Teatlees 1 These remained stagnant all through the year. A. small" and regular business is stil being done fat low prices, but these have only, been subject to slight fluctuations. 1 Demand for Tsatlees is decreasing steadily, and they will only ting buyers at very low prices.
Business in Szechuen Filatur and. Shantung Filatures must ree main restricted, as long as supplied of these fail increase. here. ig always a ready market for good lots, Dut unfortunately the quality of the bulk of these silks earn only be called inferior, and will only fetch Tow prices, With Increased supplies and improved quality, these silks will have a future, Tussahs 1 Demand from abroad for Tussahs seemed to be rather on the dex crease, but Tussah being always a Very speculative article, there have been some very sharp fluctuations £6 prices, An occasional demand firmed up prices immediately, only, to give way again to weakness, as soon as buyers withdrew from the market, Yellow Natives remain in regular demand fom India and the Levant, oat supplies are small, and prices hardly fluctuated, 1 ind. Exchange During 1929 1
Tussah Fil, Ex, Rates 4 m/s. ExtraAy Land." 'N.Y, Lyons 28 16.0 350 2/1 1630 380 arn i630 300 ar 1610 400 1830 '0. 1620,
480 2/4 14.40 460 2/5) 1520 25) 1530
60 24 M40
400 a 1440 430 2/88 1425, to deal with at the forthcoming: annual meeting as follows:—
To pay a dividend of $6 ers shure on 60,000 Shares! $200,000.00 To pny 8 honan of $2 per shat on 80,000 shares 100,000.00 Te transfer to-reserve 260,000.00 To yaya bonus to a ory, holders of founder sharon and. the: sta ngi0.78. To. write: off furniture and To carry forward a7as.0 "antares 21,256.54
Text read from the printed page and cleaned; old type leaves the occasional error.