Resolution of the Board of Directors of the Bank for International Settlements relating to the Gold Standard (11 July 1932)

1948 ◽  
Vol 2 (1) ◽  
pp. 163-163

The seventeenth annual report of the Bank for International Settlements, which reviewed the period April 1, 1946, to March 31, 1947, covered such topics as 1) the transition from war to peace economy, 2) price movements, 3) recovery of foreign trade, 4) foreign exchange rates, 5) the production and movements of gold, 6) post-war settlements and new foreign lending, 7) internal credit condition, and 8) national economic plans in Europe. Reference was made to the fact that as a result of informal discussions between the President of the International Bank for Reconstruction and Development and the Chairman of the Board of Directors of the Bank for International Settlements, a memorandum had been worked out regarding the bases for cooperation between the two organizations. As of June, 1947, the Board of Directors of the Bank included representatives of Belgium, France, Italy, the Netherlands, Sweden, Switzerland, and the United Kingdom. Because of the war Germany and Japan were not represented but were still technically considered to be members.


1961 ◽  
Vol 15 (3) ◽  
pp. 529-530 ◽  

The 31st annual report of the Bank for International Settlements, covering the financial year from April 1, 1960, to March 31, 1961, was submitted to the annual general meeting of the Bank held in Basle on June 12, 1961. In his introduction, the General Manager of the Bank, Mr. Guillaume Guindey, reported that the net profit for the 31St financial year had amounted to 14,974,105 gold francs, compared with 15,314,716 gold francs for the preceding year. In view of the results for the financial year 1960–61, the Board of Directors of the Bank had recommended an extraordinary distribution of 35 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 72·50 gold francs, payable in Swiss francs in the amount of 103·60 Swiss francs per share.


1960 ◽  
Vol 14 (4) ◽  
pp. 694-695 ◽  

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.


1958 ◽  
Vol 12 (4) ◽  
pp. 554-555 ◽  

The twenty-eighth annual report of the Bank for International Settlements covering the financial year from April I, 1957, to March 31, 1958, was submitted to the annual general meeting of the Bank held at Basle on June 9, 1958. Details of the results of the year's business operations were given, together with a review of the current activities of the Bank and an analysis of the balance sheet as of March 31, 1958. The year was characterized by a stabilization of the resources at the disposal of the Bank at the high level reached the previous year and by a further increase in the volume of its operations. The financial year closed with a surplus of 19,317,738 gold francs, against 16,014,462 gold francs for the previous year; the net profit amounted to 9,317,738 gold francs, compared with 8,212,987 for the preceding year. The board of directors of the Bank recommended that the general meeting should declare a dividend of 6 percent.


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