68986-1920-Supplementary-NOTICE---Hong-Kong-and-Shanghai-Banking-Corporation-one-hundred-and-fourth-Report-of-the-Court-of-Directors-to-the-Ordinary-Yearly-Central-Meeting-of-Shareholders — Page 2

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Dr.

GENERAL PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANKING CORPORATION. Cr.

270,000: 0:0

31st December, 1919.

DOLLARS

STERLING EQUIVALENT

799405: 6: 0

30,000 00

STERLING EQUIVALENT

7,312:10: 0

To INTERIM DIVIDEND :-

Paid on 11th August 1919 £2-5/- per Share on 120,000 Shares £270,000 @ 3/6 = .

REMUNERATION TO DIREC-

TORS..

FINAL DIVIDEND :-

#2. 5/- per Share on

120,000 Shares

£270,000, at 4/10)=$1,107.692.31

Bonus of £3 108. per

Share on 120,000

$1.542.857.14

270,000: 0:0

By Balance of Un- divided Profits,

31st Dec.. 1918, $3,279,611.48

.. Amount of Net Profits for the Year ending 31st December, 1919, after mak- ing provision for bad and doubtful debts and contingen- cies, deducting All Expenses and Interest paid and duc...

DOLLARS

Shares £420,000 at

420,000: 0:0

4/10/

1,723,076.92

$2,830,769.23

487,500: 0: 0

TRANSFER TO SILVER RE-

SERVE FUND... TRANSFER TO

2,000,000.00

1,694.476: 4:1

7,386.862.09

BANK PRE-

10,666,473.57

243,750: 0: 0 795,319: 0:1

MISES ACCOUNT.. BALANCE forward to next year,

1,000,000,00 3.262,847.20

* Interim Divi- dend £270,000 paid at 3/6 per

9,093,616.43

contra.

2,493,881:10:1

$10,666,473.57 £2,493,881:10: 1

|$10,666,473.57

STERLING RESERVE FUND.

STERLING

STERLING

To Balance, (Invested in 5% War Loan 1929/1947).

£1,500,000:0:0 | By Balance 31st December, 1919....

£1.500.000:0:0

£1,500,000:0:0

£1,500,000:0:0

To Balance....

SILVER RESERVE FUND.

DOLLARS

$23,000,000.00

$23,000,000.00

By Balance 31st December, 1919,

Transfer from Profit & Loss Account......

N. J. STABB, Chief Manager.

R. P. THURSFIELD, for Chief Accountant.

J. A. PLUMMER,

E. V. D. PARR, JOHN JOHNSTONE,

DOLLARS $21,000,000.00 2,000,000.00

$23,000,000.00

Directors.

We have compared the above Statement with the Books, Vouchers and Securities at the Head Office, and with the Returns from the various Branches and Agencies, and have found the same to be correct.

With the exception of certain distant offices, where the year is closed on 31st October or 30th November, all Branch and Agency accounts are made up to 31st December.

HONGKONG, 17th February, 1920.

F. MAITLAND,

E. A. M. WILLIAMS, A.§.A.A.

A.S.A.A.} Auditors.