REPORT K .
OF THE FORTIETH GENERAL ANNUAL MEETING OF “THE NEW ST. CRQ)[)S S‘AVIN’}S UANK‘ _
HE F‘()RTl}%{[‘H GENERAL ANNUAL MEETING OF '‘THE NEW ST. CROIX SAVIN}(;b BANK™ which was\tn_) be held on
T the 11th October a. ¢. was postponed so Octobzr 21st a. ¢. on which day a meeting was held at thep()tfice of thfle Inb.tzaufl)ozri at 4
o’clock p. m. for the purpose of receiving the Revort for the financial vear from the Ist April 1920 to the 31st Mare .
The following Members were present: , : ‘ :
Messrs A. E. Stakemann, P. L. La Bega, D. . Canegata, Rev. P. Bartels and Rev. Wm. Allen.
Rev. P. Bartels was elected Chairman and Mr. P. L. La Bega Secretary. L . Al
Law¥er Stakemann referred to t"e deaths of Mr. W. Clindiren, one of the Trustees, and Mr. C. R. Jacobs, one of the Memrs,
and paid a tribute to them in appropiiate words. . , e ‘
o The Chairman then laid befox?fgp thpe Meeting the audited General Annual Statement of the affairs of the Institution for the
financial year from Ist April 1920 to 31st March 1921, which was unanimously adopted.
As Trustees were elected: : : o
' REv. WM. ALLEN, DR. D. C. CANEGATA, M P L. LA BIu(;A 5
MR. D. ARMSTRONG, MR. H. DE CHABERT, LAWYER A. E; leKhMANN,
REv. P. BARTELS, MR. C. ESPERSEN, Mr. R. W. SKEOCH,
MR. I. BEHAGEN, MR. R. E. HIGGINS.
The Office bearers are: _
President:—LAwYEß A. E. STAKEMANN. e
Board of Investment:—Mgssrs. R. E. HIGGINS, D. C. CANEGATA, D, ARMSTRONG, P. L. (.A BEGA.
Committee of Accounts—Mß. H. bE CHABERT. REev. P. BARTELS.
The Meeting was thereupon closed. :
Christiansted, St. Croix, 21st October 1921. ; e
P. BARTELS, Chairman. P. L. La BEGA Secretary.
Fortieth Gene al Annual Statement of “The New St. Croix Savings 3ank” for the year from Ist April 1920 “!
31st March 1921. ";
BALANCE SHEET. . L
e e .e- T & C:
o Assets. . | L s
. 31'fl. Cash deposited in the National Bank | 921 | Llablht}?s' |
of the Danish West Indies and at the ' March 31 A. Amount due to Dep05it0r5............]| 96,120 .85
Mostiigion ... ... .o e 6,693134 B, SUSPENEL ACLOUNT.. o ...l 524 02
2. LOANS— | . GENERAI, FiTND on L |
; a. On Mort gages in Town z 3lst March 1921...........524,945.59| 3
| Properties $49,775.75 : ; {
| b. Do. on Properties in ' Profit of this year......:-+: 1.14% 269
) the Countey. ... ... ...37.012.00 E /~—- 8.101 26,098!
| ¢. Do. on self debtor se- L ‘ | k
‘ e ... ol 87,007/66 / | |
3. Bonds issued by Kreditforeningen as / i
§ Ejere as mindre Ejendomme paa Lan-! { t f
. detiJylland and other similar bonds, 19,317 84 | / |
4, ST. THOMAS HARBOUR BONDS. .| 4,60000 / ! i
5. Third Liberty Loan ? ’ 7 ‘1 |
e s e 3,150! 00 | / §
6. INTEREST ACCRUED. | 1,447 g 6 / » 8
7. INTEREST DUE ; 451 9 ; / . = |T
8. INVENTORY ' 1037 | | / | |
‘; " 122.738156 " / | |
T T | ;
eT S S T R o L.:__’_L_'.‘;;__.»_._‘.__'_*PZR_SJE!l—~»F—A~N—2:£—_9:‘§?S_MNT. S e
“ i T C. | .. .
1921. Income. § P e | : : | $ c.
March3l./A. Interest on Loans from the Institu- gMarch 8. Exp_endnture. ‘ |
e 4,20699 . posites carried to account of De- ;
B. Interest on Bonds issued by Kredit-| | 1 9 Officor}%. s 3,067. 46
foreningen as Ejere as mindre Ejen- E Sao el
domme paa Landet i Jylland and ¢ B e fuémg the year carried to |
other similar Bonds and St. Thomas i % i o e beng . \ 1,148. 10
Harbour Bonds, Anglo French Bonds! g i . |
and Third Liberty Loan Bonds. .. .... 1,23971 | ; o | l
C. Interest received from the National L { - \ .
Bank of the Danish West Indies. ... 11336 | - | J
D. Gainon realizing Angle French Bonds 440 90 | ‘ - l 4
. i - | |
| | 5,999%6 | | L
‘ £ 3 i \»' P s
2 s
5 ) \. s
5i L ~
e
-' l . 9