14 SEPTEMBER 1934, Page 38

At the General Meeting of shareholders of the Yokohama Specie

Bank held last Monday an excellent statement of accounts was presented for the 109th Half-Year ended June 30th last. The statement showed that the net profit for the Half-Year, including Yen 7,648,164 brought forward from the preceding Half-Year, was Yen 14,756,944. A further amount of Yen 1,500,000 was placed to the Reserve, and the Directors are pleased to declare a dividend at the rate of 10 per' cent. per annum with an increased Balance forward of Yen 8,256,945. The increase in profit is a sub- stantial one, while this further addition to the Reserve brings that Fund up to the very large total of Yen 124,250.000, a figure considerably exceeding the issued capital at the Bank.