HONGKONG AND SHANGHAI BANK RESULTS.
In view of present conditions in China, it is scarcely sur- prising that the net profits or the Hongkong and Shanghai Banking Corporation for 1934 should show some shrinkage ; the total including $3,462,728 brought in from 1933, and after meeting all charges and making provision for bad and "doubtful debts, are $16,467,425 against 818,645,658 a year ago. The dividend, however, is maintained at the rate of 13 per share with a balance forward of $3,294,701. The shrinkage in profits and in balance-sheet items is less apparent in sterling, for the dollar has been taken at the exchange rate of is.' 81d. compared with Is. 51d. at the end of 1933. • On this basis the total of current accounts of £43,067,509 compare 'With 148,242,037 a year ago, While the fixed deposits total is £15,306,022 against £15,028,566.
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