CENTURY IMPRESSIONS OF BURMA.
BANK OF BURMA, LTD.
The progress the Bank of Burma, Ltd., has made since its establishment just over five years ago, is well illustrated by the following figures :a
Karachi, Lahore, Lucknow, Mussoorie, Mandalay, Nowshera, Peshawar, Poona, Simla, Srinagar, Sialkote, and Quetta. The London agents are Parras Bank, Ltd., and Williams Deaconas Bank.
business has developed to such an extent that the directors are already arranging to augment the European staff very considerably. The bank was registered under the Indian Companies Act VI. of 1882, in December,
PERIOD. Capital subscribed. Paid up capital Dividend per cent. P. A. Reserve fund. Carried forward. Security for depositors.
Rs. Rs. Rs. Rs Rs. Rs.
November 15 to December 31, 1904 ............ 5,00,000 2,62,500 a a 3,206 5,03,206
Half-year ended June 30, 1905 ............... 5,00,000 2,62,500 5 x 5,ooo 7,161 5,I2,l6l
Half-year ended December 31, 1905 ......... 5,00,000 2,62,500 5 v 10,000 5,606 5,I5,6o6
Half-year ended June 30, 1906 ............... 5,00,000 2,62,500 5 AA 15,000 7,700 5,22,700
Half-year ended December 31, 1906 ............ 5,00,000 2,62,500 5 ,, 20,000 36,520 5453 5,25453
Half-year ended June 30, 1907 7,30,400 3,88,660 5 ,, 6.235 7,73,155
Half-year ended December 31, 1907 ... ......... Half-year ended June 30, 1908 ............... 7,57,5oo 5,08,905 5 ,, 66,520 9,642 8,33.662
7,57,5oo 5,18,690 5 a 1,00,000 14,263 871,763
Half-year ended December 3r, 1908 ... ......... 20,00,000 11,31,344 6 a 1,30,000 9430 2i,37,43o
Half-year ended June 30, 1909 ......... ...... 20,00,000 7,54,896 7 a 1,80,000 25617 22,05,617
THE CHINA MUTUAL LIFE INSURANCE COMPANY, LIMITED.
Offices in Phayre Street, Rangoon.
When the bank, which was registered under the Indian Companies Act VI. of 1882, first started business in Rangoon its headquarters were in Merchant Street. Now they have been removed to more convenient premises in Phayre Street. Branches have been opened in Madras, Calcutta, and Bombay, in addition to which the bank is directly represented by agents in Agra, Allahabad, Colombo, Cawnpore, Delhi, Darjeeling,
The general manager, Mr. R. F. Strachan, has had some fifteen yearsa experience of general banking business. He was associated with the present directors, Messrs. S. A. Mower, G. S. Clifford, and W. P. Okeden, in starting the Bank of Burma.
BANK OF RANGOON.
Although the Bank of Rangoon has been established just over four years only, its
1905, and has a fully paid-up capital of Rs. 16,00,000. On the 30th of June, after payment of a dividend at the rate of 6 per cent, per annum for the half-year, a sum was carried to the reserve fund which brought the total reserve to Rs. 1,92,000.
The Union of London and Smithas Bank, Ltd., acts as agents for the Rangoon Bank in London, and the Mercantile Bank of India, Ltd., has charge of its interests in Calcutta,The Union of London and Smitha s Bank, Ltd., acts as agents for the Rangoon Bank in London, and the Mercantile Bank of India, Ltd., has charge of its interests in Calcutta,