22 MARCH 1935, Page 56

CHARTERED BANK OF INDIA.

The accounts of the Chartered Bank of India, Australia and China Tor the past year show great steadiness as regards the main items of the balance-sheet. The dividend is main- tained at the rate of '14 per cent., and the profit for the year was £466,044 against £467,467 in the previous year. The sum of £25,000 is again added to the Pension Fund and the Directors are setting aside £50,000 to Contingencies Account, carrying forward £171,395. The figures of the balance-sheet appear to indicate somewhat better trade conditions, for the total of Loans have expanded during the year by over £3,000,000.