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.