26
Joint Reserve
fl. 1,379,276.04
fl. 2,583.60
fl. 76,637.91
fl. 1,458,497.55
fl. 4,050,000.—
fl. 450,000.—
fl. 4,500,000.—
Other Deposits relates to customers' term deposits.
Other Credit Balancesin addition to current accounts this includes reserves for specific
purposes, such as for payment of tax liabilities, business risks, for building purposes, etc.
Sundry Accounts relates to current interest.
Guarantees this amount indicates the total guarantees furnished by us for third parties, prac-
tically all being on behalf of public corporations.
PROPOSED PROFIT APPROPRIATION.
The available profit balance isfl. 134,701.36
We propose to employ this as follows:
In payment of a dividend of 6% (maximum on paid-up capital) in conformity
with Article 492 fl. 16,350.
Of the remainder offl. 118,351.36
there accrues in conformity with Article 493:
to the Joint Reserve 10%fl. 11,835.14
to the Reserve Fundfl. 106,516.22
fl. 118,351.36
EINDHOVEN, April 1952.
Balance at 31 st December 1950
Added out of 1950 profits
Contributed by Agricultural Banks
Balance at 31 st December 1951
Securities Reserve
Balance at 31 st December 1950
Added out of 1950 profits
Balance at 31 st December 1951
27
To the Agricultural Banks affiliated to the
Coöperatieve Centrale Boerenleenbank,
Eindhoven.
We beg to inform you that in compliance with Article 24-2 of the Articles of Association we
have examined the Profit and Loss Account and the Balance Sheet at 31 st December 1951 together
with the Report of the Board of Directors and the Proposal for determining the Dividend appertain-
ing thereto. By virtue of Article 26-2 of the Articles of Association the examination of the Balance
Sheet together with the Profit and Loss Account was entrusted to an Advisory Committee formed
from among our members. This Committee consists of Mr. P, W. H. Truyen, Mr. C. Moors and
Mr. Arnold Smits, while to provide for the event of inbility to act Mr. G. W. Kampschröer and
Mr. H. F. van Haaren were appointed as substitutes.
The Advisory Committee reported to us on lst April 1952 as follows:
In view of this report we propose to your General Meeting as a discharge to the Board of
Directors and to ourselves that the Balance Sheet at 3lst December 1951, the Profit and Loss
Account, the Dividend Proposal and the other documents appertaining thereto be approved.
At the General Meeting of 23rd April 1951 Mr. P. W. H. Truyen, Mr. Arnold Smits and Mr.
H. F. van Haaren were re-elected members of our Board of Supervisors.
This year Mr. C. Moors, Mr. A. H. Lohuis, Mr. G. W. Kampschröer and Mr. C. W.
Leentvaar, are due to retire according to rota.
An opportunity will be given to fill these vacancies.
Confirmed accordingly at the meeting of 22nd April 1952.
The Board of Supervisors:
P. W. H. TRUYEN, President.
C. MOORS, Vice~President.
AUDITORS' REPORT
The undersigned hereby certify that they have audited the books and records of the
Coöperatieve Centrale Boerenleenbank, Eindhoven, in respect of the year 1951 and also the Balance
Sheet and Profit and Loss Account hereinafter contained.
Having regard to their investigation they are of the opinion that the said documents properly
reflect the position of the assets at 31st December 1951 and the results obtained in respect of 1951.
For W. Kreukniet, Chartered Accountants,
CORNELISSE.
EINDHOVEN, 26th March 1952.
The Board of Directors:
A. N. FLESKENS, Chairman.
Jhr. J. TH. M. SMITS VAN OYEN, Deputy Chairman.
Th. PH. RUTTEN.
Jhr. F. J. M. VAN NISPEN TOT SEVENAER.
EDM. DELHOUGNE.
In compliance with Article 26, para. 2, of the Articles of Association we have examined the Balance Sheet to
gether with the Profit and Loss Account is respect of the year 1951.
For this examination we sought the advice and assistance of the Chartered Accountants' Office of W. Kreuk
niet designated by you.
On the basis of our said examination which took place with the full co-operation of the Board of Directors and
the Managers, we are convinced that the Balance Sheet at 3lst December 1951 together with the Profit and Loss
Account appertaining thereto reflect the true position of the Bank and that the books and accounts are kept with
great accuracy.
