27 OCTOBER 1928, Page 48

BANKING IN JAPAN.

The Report of.the :Yokohama Specie,Bank for the ,first half of the present year is a good one. The priifiii increased from 7,036,687 yen to 9,058,075 yen. Ia spite; however, of the increase in profits the dkactors maintain their conservative policy in the matter' of distribution, the dividend being simply maintained at 10% .per _annum, while a further 3,000,000 yen is added to the Reserve Fund, and the total carried forward has been' hiereased from 7,224,000 yen to 8,282,000 yen. In fact, the present-amount carried forward is very nearly equal to the profit for the half-year, while the

Reserve Fund now exceeds the paid-up capital by 2,500,000

yen. * *