1 DECEMBER 1939, Page 37

APPROPRIATIONS

The directors are pleased to be in,a position to recommend that a dividend for the half-year on the capital stock, including the new stock issued in connection with the acquisition of the capital stock of Glyn, Mills and Co., at the rate of 17 per cent. per annum, be declared, and the same appropriations as last year be made to bank buildings and heritable property and pension reserve fund.

After these appropriations there remains the sum of £89,532 7s. 3d. which it is proposed should, this year, be added to our inner reserves against contingencies.