23 MARCH 1934, Page 59

CHARTERED BANK REPORT.

The report of the Chartered Bank of India, Australia and China for the-year 1933 shows an upward tendency in profits Which amounted to £467,467 - as compared with £454,499 in the previous year. After transferring £25,000 to the Officers' Pension Fund, the dividend is maintained at the usual rate of 14 per cent., while the balance carried forward of £206,351 compares with £183,883 a year ago. In the balance-sheet there are also indications of some greater trade activity, Deposits showing a rise of about £8,000,000.