TIONGKONG BANK RESULTS.
Thanks, no doubt, to the sound and conservative policy pursued over many years by the management of the Hongkong Bank, one looks in vain at successive Reports for signs of ill- effects from the chaotic conditions in China. Profits may not be quite up to those of more prosperous times, but the falling off is not sufficient to affect dividend and bonus distributions, nor even to lessen the large sums allocated each year to special Funds. For the past year the Report which has just been issued shows that the actual profits, including the balance brought in, amounted to $15,846,978 against $16,384,000 for the previous year. A further sum of $500,000 from Profit and Loss is transferred to the credit of the Silver Reserve, raising it to $27,000,000, while an amount of $1,000,000 is again written off Bank Premises Account. The balance sheet also shows progress in the matter of deposits, both current accounts and fixed deposits showing a sub-. stantial increase. Owing to the rise in exchange, the capital expressed in sterling is about £52,000 more than a year ago.
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