Bank for International Settlements

Anonymous

International Organization, 1963, vol. 17, issue 2, 510-510

Abstract: The 32nd annual report of the Bank for International Settlements, covering the financial year from April 1, 1961, to March 31, 1962, was submitted to the annual general meeting of the Bank held in Basle on June 4, 1962. In his introduction, the General Manager of the Bank, Mr. Guillaume Guindey, reported that the accounts for the 32nd financial year closed with a surplus of 20,185,172 gold francs, as against 27,324,105 gold francs for the previous year. The reduction in the volume of gold transactions handled accounted for the greater part of the decline in the year's earnings. After deduction of 7,500,000 gold francs was transferred to the provision for contingencies, the net profit amounted to 12,685,172 gold francs, compared with 14,974,105 gold francs for the preceding year. The annual general meeting decided to distribute a dividend of 37.50 gold francs per share. In view of the results for the financial year 1961–1962, the meeting also decided that, as an exception measure, a lump sum of 4.5 million gold francs should be applied in the forthcoming year to the further reduction of the amount of the undeclared cumulative dividend.

Date: 1963
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:intorg:v:17:y:1963:i:2:p:510-510_19

Access Statistics for this article

More articles in International Organization from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().