24 MARCH 1928, Page 42

CHARTERED BANK REPORT.

Having regard to the state of affairs in China, it is scarcely surprising that the annual report of the `Chartered. Bank of India, Australia and China should show Some. small shrinkage in deposits and profits. The decline, however, in profits is not great, and the Directors are able to maintain the dividend and ban* at the usual rates of 14 per cent. and 1.4 per cent. respectively; Making 20f per cent. free of A further £100,000 is added to Officers' Pension Fund as coinpared with -125,000 last year, while £25,000 is written off prennises as against £40,000. This year, however, no allocation is made to Contingencies Fund, which last year-received 1100,000. A. W. K.