53
PUBLIC RECORD.OFFICE
Reference :-
~LC.O.587
PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
From the money article of the
Times March 31.1089
The report of the director of the Oriental Bank Corporation for the year 1878 states that the net earnings were £198,727, including £5,758 bronght forward. An interim dividend at the rate of 10 per Bent. per annum was paid in October last, leaving £196,797 unappropriated. Owing to the depressed state of trade and the crisis of the past six months the directors regret to announce losses, which_pre- vant any further distribution for the past year. They appear to have met these losses, actual and pos alble, very thoroughly, for not only have they salon into account the existing depresiation of their public securities to the extens of valuing their zupes paper held in London at ls. 8d., but they have further made provision for the return of all funds invested in the East at the axolange of the day, excepting only such portion of the bank'ı Sennah for tin loal per-
be too zame
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A Shay entail, at addition to down their Chilian depreciation, and 8526,455 from their
15., 8949,867 on account of lasms in business, tuolusime of a large amount resently advised from Australia, £185,567 on account of depresiasión in Indian securities and arabangs, and £91,060 on account of an investment of 2818,800 in Chillum bonds. With the exception of the first item, it may in hópok that manah of this loss will prove bus temporary. In the meantime it involves an adjustment of novounts which absorbs all the balanos of prodis, nepstyall the reserve, and an amount of £58,400 credited as surplus valus of premises. The courage which has frankly met and acknowledged notical or possible losses of this manguitudo in praisewartky. "Acording to the balance-shoni appended to the report, the total liabilities of the bank to the public amount to £18,977,831, of which 211,804,000 in due to depositors. Only 23,206, 200, however, of the deposit bear sessi. The total liabilities to the public are nearly £1,000,000 more than they |ward a year ago, the insesses being almost ex- slusively in “ bilis in atroulation not bearing inte- Deponite at latorers have also slightly in- moaned. On the saves side of the account the ooin and bullion” stands at about the same guns un last year=28,160,721, but the ba längst das from, sther beaks have decreased from 8978, 490 to 2:688 667. Government securities pinond_at" AL107,365, as against £2,009,009, linded_or_ther property of the corporation for £878,983, na comisared with £961,300, an iborglide of £900,000 in “debta secured by landed or other The rank of the assets of the cor- are'mmmed up as follows :-- **Notes and counted, or other debts due to the corpora
moluded wider the foregoing heads, and ať dabta abandoned na fad, 215,066,141." viu štapa shown in inatoses of £745,000 on
LONDON, AND CHINA. MERCANTILE BANK OF INDIA, CHARTERED
the Deed of Settlement. on Tuesday the 15th prox., in accordance with the terms of No. 65, Old Broad Street, City, at One o'clock precisely, holders of this Bank will be held within the Banking House The Twenty-first Annual General Meeting of the Share-
then take place. Directors and Auditors, of which Notice is now given, will mitted to the Meeting for adoption, and the Election of year 1878, and the Directors' Report thereon, will be sub- The Balance Sheet and Profit and Loss Account for the
D. T. ROBERTSON,
LONDON, 29th March, 1879.
Chief Manager.