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<br />CAPIDwIz;CXN (1)
<br />The following table sets forth the consolidated capitalization of the Bank as at
<br />July 31, 1987:
<br />Originally
<br />Issued Outstanding
<br />(000's) (0001s)
<br />Bank Debentures:
<br />78 Sinking Rand Debentures due Nov. 2, 1987
<br />CNS 12,500
<br />CNS 5,000
<br />10.459 Debentures due March 15, 1989
<br />75,000
<br />75,000
<br />89 Sinking Fund Debentures due July 1, 1991
<br />30,000
<br />2,558
<br />462
<br />7-1/29 Sinking Eland Debentures due March 1, 1993
<br />30,000
<br />169 Sinking fund Debentures dine July 15, 19%
<br />57,000
<br />51,300
<br />7-3/49 Sinking Fund Debentures due Feb. 1, 1997
<br />25,000
<br />19,500
<br />CN;153,820
<br />Total ...........................
<br />Appropriations for Contingencies ...............
<br />809,819
<br />293,576
<br />Shareholders' Equity:
<br />Class A First Preferred :snares, CN$25 par value,
<br />25,000,000 shares authorized.
<br />1,965,250 C101.835 Cum. Redeemable shares o/s
<br />49,131
<br />2,878,100 CN$2.375 Cum. Redeemable shares o/s
<br />71,952
<br />6,000,000 Vhriable Rate Cum. Redeemable
<br />150,000
<br />Series D shares o/s (2)
<br />Class B First Preferred Snares, no par value,
<br />25,000,000 shares authna:ized
<br />1,500 Price Adjusted Floating Rate
<br />150,000
<br />. deenable Series I shares o/s (3)
<br />GamFFe
<br />Camsm Shares, no par value, 300,000,000 shares
<br />authorized, 148,209,020 shares issued and
<br />809,819
<br />outstanding
<br />1,791,316
<br />Retained Earnings
<br />Total Capital Funds ..............
<br />IN;3,469,614
<br />(1) For details on capitalization see "Basis of Consolidation" under "Sunnary
<br />of Significant Accounting policies" on page A-15. See "FinarCial Reporting"
<br />herein.
<br />(2) Dividends are determined quarterly by applying to IN;25 a rate equal to 71
<br />per cent of the Bank's average prime lending rate for stated periods.
<br />(3) Stated value is CN;100 per share. Dividends are paid nmthly and are
<br />deterrdned by applying to IN$100 a rate equal to 70 per cant of the
<br />Bank's average prime landing rate for stated periods plus an adjustment
<br />rate, subject to a minimum of 65 per cent and a maximm of 71 per cent
<br />of the Bank's prise lending rate.
<br />A-6
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