Our main concern has been to give ancial aid to sound business enter= prises. Our investments are kept in liquid a state as possible, thereby securing more frequent turnovers and greater quotas for credit grants. The ictal loans and investments amounted $179,009,000 composed as follows: current loans, $4.62 per cent. fixed Hioans, 29.43 per cent.: securities Dur-[chased, 16.60 per cent: discounts, 1.35 per cent, The above mentioned total showed an increase of $14,845,000 over {the previous year. We paid special Jattention to granting current credits to business firms which usually keep their accounts in an active state. Loans secured on commodities registered an increase of 85 per cent. over the previous. year.
Nowadays the public is evincing great interest in the trust service, and many banks are devoting their ener-tes to this type of work. We have Jalready taken up insurance agency Jwork, safe custody, securities trans-Jactions and collection of rentals. We thave in mind such projects as real estate transactions and development service, the underwriting and. issue of debentures, etc. The operation of Jsuch services would greatly Increase the volume of our business, The Bank planned many years ago {to deal in insurance business, but the unsettled political conditions delayed Jour actual operations. An excellent Jopportunity presented itself in last june when the Taiping Insurance Ca, (promoted by the Kincheng Banking Corporation), made known their wish to. Increase' their' capitally zation by $5,000,000. We participated to the extent of $1,112,600, the balance [being furnished by the China South 'Sea Bank, the Continental Bank and the China' State Bank. This company deals in various forms of insurance, fire, marine, war risks etc. New ae: tivities in the way of life, accident Jand fidelity insurance are being plan-hed. The principal branches of the Bank have been appointed agents to deal in insurance business inthe various. provinces on bebait of this company.
Text read from the printed page and cleaned; old type leaves the occasional error.