$18,434,235
'The directors have now to submit 'a general statement of the affairs of the Bank, "and balance sheet for the year ending December 31, 1036, 'The net profits for the year, together' with $3,327,060.03, ° balance brought forward from Lasi account, after paying all charges, deducting inletest paid and due, and making provision for bad and doubtful accounts and contingencies, amount to The directors recommend writing off Bank Premises Account the sum $1,000,000.
Afier deducting $1, the Interim Dividend of £2100 a share, pald on August 10, last, viz:—2400, 000 at. 1/3 yf =$0.200,387.70, and remuneration' to directors, ree mains for appropriation $11,085,327.66, Out of which the directors recom: mend the payment of a final dividend of £3 9 share, viz, £480,000 which, 172%, the rate of the day, will absorb $7.74489782. The balance '$3,340,780.8i 10 be carried to new [proft'and loss account.
The sterling equivalents of the assets and liabilities are shown at 1/24, the rate ruling on the last day of the year.
Mr. G. Miskin has been elected chairman for the year 1937, and Mr. M."T. Johnson las been elected deputy chairman.
Mr. SH. Dodwell, Mr, Paterson and Mr. A. H. Compton retire in rotation, but, being eligible for re-election, offer themselves cordingly.
Messrs. W. H. Bell, C. C, Knight J. A. Plummer, on leaving the Cotony, resigned iheir seats and Messrs, J. K- Bousfeld, J. R. Masson and KS. Morrison joined the board.
"the accounts have been audited hi mr. John Fleming and Mr. H.R. Forsyth, who offer themselves' for re-election.
Text read from the printed page and cleaned; old type leaves the occasional error.