17 MARCH 1928, Page 38

BANKING IN JAPAN. - - A feature of the semi-annual

statements of the Yokohama Specie Bank is the consistency with which each report main- tains the reputation for sound and conservative management which has ensured such steadiness in the dividends. The net profits for the past six months were good, but there is no change in the dividend, which is maintained ' at 10 per cent.' the directors adding 3,000,000 yen tothe reserve, and, although this is somewhat smaller than d year ego, the increase in the carry forward is much smaller than the reiluetion in the amount placed to the reserve.

, W. IL