111077-1927-Supplementary-Hongkong-and-Shanghai-Banking-Corporation-one-hundred-and-eleventh-Report-of-the-Court-of-Directors-to-the-Ordinary-Yearly-General-Meeting-of-Shareholders-to-be-Held-at-the-City-Hall-Hongkong — Page 3

Cr.

DOLLARS

DOLLARS

14,158,067.48

$ 17,555,790.24

Dr.

STERLING EXCHANGE TAKEN AT 1/111⁄2.

GENERAL PROFIT AND LOSS ACCOUNT, HONG KONG & SHANGHAI BANKING CORPORATION.

31st December 1926.

By BALANCE OF UNDIVIDED PROFITS, 31st Decem- her 1925

$ 3,397,722.76

4,286,511.63

>>

50,000.00

AMOUNT OF NET PROFITS FOR THE YEAR ENDING 31st December 1926 after making provision for bad and donbtful debts and contingencies, deducting all Expenses and Interest paid and due

DOLLARS

DOLLARS

TO INTERIM DIVIDEND :-

Paid on 9th August 1926, of £3 per Share on 160,000

Shares £480,000 @ 2/23

-

""

REMUNERATION TO DIRECTORS

"

BALANCE TO BE APPROPRIATED:-

77

FINAL DIVIDEND :-

Of £3 per Share on 160,000 Shares £480,000 @ 1/11/

4,902,127.66

3,268,085.11

$ 8,170,212.77

650,000.00

1,000,000.00

3,399,065,84

Bonus of £2 per Share on 160,000 Shares £320,000 @ 1/11/

TRANSFER TO SILVER RESERVE

TRANSFER TO BANK PREMISES ACCOUNT.

BALANCE forward to next year.

13,219,278.61

$ 17,555,790,24

52

$ 17,555,790.24