Dividends Federal Income Taxes Interest on Notes Payable Motor vehicle and other retail installment remi ables consist of installment contracts on new and used automobiles, trucks, mobile homes, boats and equipment. While substantial progress was male in diversification through the increased financing mobile homes, boats and equipment, the dollar vol ume of new and used automobiles financed decreased 8.2 per cent in 1960 compared with the pervi year. This decrease in the dollar volume of aut mobiles financed resulted in part from the lower time balances on compact and used cars. Considerable activity was experienced in whale sale motor vehicle short-term loans, increasing the volume in 1960 to $827,028,978. Automobile and truck dealers required this increased financial assist ance to carry their higher inventories during the year. Progress in the development of the direct and personal loan business continued at a good pace The 1960 volume of this important segment of our business increased to $163,564,204, up $18,757,083 1960 1959 1958 $ 640,721,494 $687,703,029 $ 550,507,006 827,028,978 762.795,475 163,564,204 144,807,121 $46,089,961 117,653.34 169,490,111 161,537,430 112.172.706 $1,800,804,787 $1,756,843,055 $1,326,423,096 |