INFORMATION KEI^ATING TO CREDIT 47 



1915 1916 



frs. frs. 

 lylABIUTlES. 



Annuities of bonds 8,531,738 8,490,468 



Fiscal dues •. . . . 219,801 217,582 



Interest and commissions 4,069 4,076 



Commissions and expenses 6,386 33,820 



General expenses 515,303 611,969 



9,277,197 9.357.915 



Assets 17.454,228 16,731,886 



Net profit . . . .' 8,177,031 7.373>07i 



Deduct : 



Remunerations as by by-laws — 200,000 



Special provision 4,188,130 2,683,474 



Remainder available 3,988,901 4,409,497 



Previous balance 1,072,885 71,116 



Total available 5,061,786 4,561,613' 



To be employed on : 



Reserve as by by-laws 199,445 224,525 



Shares , 2,500,000 2,801,518 



Quotas 383.333 358,973 



Council . 228,946 176,597 



Meeting at Buenos Ayres 228,946 — 



3,490,670 3,561,613 



Extraordinary reserve 1,500,000 1,000,000 



Balance 71,116 — 



5,061,786 . 4,561,613 



Thus the dividend was fixed at 28 francs a share instead of 25 francs as 

 in 1915 and the dividend on quotas at 7.16 francs instead of 6.66 francs. It 

 will be seen that, as in the previous year, a sum equal to annuities in arrears 

 before the current year was deducted from profits and carried over to the 

 special reserve. 



