Show Cannot Loan beau Undivided Profits Washington ton July X A S.-A A letter leter has b been en sent lt b by th the thle comptroller of or the currency to the president of f every vely na national na- na bank bani in the United States notifying noti noU- lying him that the recent legislation of congress permitting national bunks banks lanks to tol loan an 10 per cent o of uT the capital and antI unimpaired surplus to one ono borrower does deM not mint lot Include undivided profits asa us as usa usa a part of the surplus surplus Some of the bankers have Q taken the ground that because under construction construe construe- tion tiomi ton of or the war wal revenue law the undivided undivided un un- un- un divided ll profits were regarded as a a part hart Jart of ot surplus for purposes of taxation the said Mid legislation would Include tile the undivided profits within the term su surplus mid us |