The 29th annual report of the Bank for International Settlements, covering the financial year from April 1, 1958, to March 31, 1959, was submitted to the annual general meeting of the Bank held at Basle on June 8, 1959. In his introduction to the report, the General Manager of the Bank, Mr. Guillaume Guindey, announced a net profit amounting to 9,550,894 gold francs at the close of the financial year, compared with 9,317,738 gold francs for the preceding year. Declaration of a dividend of 6 percent was again recommended, involving the distribution of 7,500,000 gold francs, so that the sum of 9,279,928 gold francs would be carried forward.