During the past year the bank has continued its. policy of rendering assistance to agriculture, and, in addition to short-term loans, credits of a relatively longer duration wer provided, and financial accommoda tion extended to organizations enaged in the transportation' and marketing of. agricultural products Efforts were also made to secure-the distribution of improved seeds and to promote the healthy development of ce-operative societies.
Total agricultural Joans outstanding at the end of the year amounted to '$43,545,000, Loans to ce-operative societies during the year totalled $8,081,000, and were extended to 04 ce-operative associations and 3,200 ce-operative societies, representing a membership of 204,000 rural families scattered in 17 hsiens in ten Provinces, During the past year' the bank, in ce-operation with other banks, took fan active part in financing railway construction. The Chekiang-Kiangs! Railway banking syndicate, of which the Bank of China is the leading member, provided funds, not only for the completion of the Nanchang-Pingsiang section of the Railway, ut, also for. the replacement of the
Yushan section with the heavier ralls required: to" secure rmlty throughout the line.
"The bank also partiepated in loans for the construction of the Chengtu Chungking section of the Szechuen-Kweichow Railway, for. the: comple-Yon. of. the. Shanghai-Hangchow. Ningpo Railway; and for.the purchase of improved equipment on the", Ganton-Hankow line. In addition, the bank has agreed to help finance the construction of the projected Stechuen-Shensi Railway, extending from Chengtu to Sian,"
The Bilance Skeet Total. deposits at the end of. 1936 amounted to $078,070,116.17, an Me crease. of $212,378,487.92 as compared. with 1038." The total' was'made up follows:—(1) current. accounts $900311,114.14, an increase of $125, 905,189.12; (2)'Nxed deposits $450,970, (05291, an increase of $127,917,200.54; and (3) dif to banks $161,962,240.12, decrease of $40,043,070.74.
gratifying to note © that, tu spite of the unfavourable business fand financial conditions of recent bank's total deposits have Zontinued to increase year by year, and that the Savings. Department, Which has: been established only since May, 1935, has already deposits amounting to over 85: million. " The comparative Agures are as follows:— ante ce D roth wings ERS tion of current and fixed 8 compared with 1935, was 'The number of depositors, in_ 1936 was' 228,079, an increase of 28,675 compared with the previous year.
'The following is a percentage' d sifteation of customers' balances with the Bank:—105 1000 per cent, percent, Individuals an 'The combined total of loans "on December" 31, last, amounted, to {$710,308,002.98,' an increase of $221,~ 236,088.04 as compared with 1999. The {otal was made up. of:—(1) short Toans and overdrafts $434/747,004.96, fan increase of $197,022,625:37; (2) Axed loans $256,059,058.00, an increase of $49,612,000.43;, and (3). bills, dis~ counted and Wousht $99,540,000.02, an Increase of $8,845,745.24 over the total 1938.
Of these bills $24,044,052 were purchased by the Note Issue Department fag security against notes in clreulation, 20. that the total of bills actually discounted by the Banking Department amounted to $18,002,028.- 82. Short loans and- overdrafts gistered an 63 per cent. increase and fixed Joans a 24 per cent. Increase in 1036 over 1995, The following percentage figures provide a comparison of: the loans made-by the Bank in 1095 and 1936 Classified according to purpose 1998 chee "buriiness lia B09 1095 BE
Remittances made by the bank in 1936 totalled $1,447,657,000, which exceeded" the. total sri i998" by
Text read from the printed page and cleaned; old type leaves the occasional error.