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Bank for International Settlements

Published online by Cambridge University Press:  22 May 2009

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Extract

The 30th annual report of the Bank for International Settlements, covering the financial year from April 1, 1959, to March 31, 1960, was submitted to the annual general meeting of the Bank held in Basle on June 13, 1960.1 In his introduction, the General Manager of the Bank, Mr. Guillaume Guindey, reported that the net profit for the thirtieth financial year had amounted to 15,314,716 gold francs, compared with 9,550,894 gold francs for the preceding year. In view of these very favorable results, the Board of Directors of the Bank had recommended the extraordinary distribution of 42.50 gold francs per share, in addition to the regular dividend of 37.50 gold francs per share; thus the total distribution for this year would amount to 80 gold francs, payable in Swiss francs in the amount of 114.30 Swiss francs per share.

Type
International Organizations: Summary of Activities: IV. Other Functional Organizations
Information
International Organization , Volume 14 , Issue 4 , Fall 1960 , pp. 694 - 695
Copyright
Copyright © The IO Foundation 1960

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References

1 Bank for International Settlements, Thirtieth An-nual Report, lit April 19)9–31st March 1960, Basle, June 13,1960. For a summary of the 29th annual report, see International Organization, Summer 1959 (Vol. 13, No. 3), p. 486CrossRefGoogle Scholar.