The Bank earns various fees and income through the direct participation in the proceeds of the financing of the instruments described in note 4 to the financial statements and/or investment and management of the principal from the proceeds of the financing. At June 30, 1998 management estimates that approximately $ 10 million has been earned from various transactions in process, primarily the financing of bonds from the Government of Venezuela.

-7

BRITISH TRADE AND COMMERCE BANK LIMITED
SCHEDULE OF OTHER OPERATING EXPENSES (UNAUDITED)

FOR THE NINE MONTES ENDED JUNE 30, 1998

The Bank provides various services for its clients which are changed for on the hanin of parcacatan fuk for the success of the transaction. Therefore, the amount of Income and the rakun on asces is higher then a normal commercial bank. These fese are recorded when earned arai therefore cauan fuctuations in earnings on a period in

7.

851,700,423

The duburtaran oral promistory nous are interest bairing at ratus, which appresómate
10% per annum. All paymnorita'aru Gurrent arad the balenyos are dam withers than rot, year.
INVESTMENT SECURITIES

The has placed funds with First Equity Campotuion of Florida, a majority owned
wubidiary, for investment in United States municipal boradis and squaty securides. The
the Investments is churried at reuertent witch corrmalized gains recorded as a liability.
BANK PREMISES AND EQUIPMENT

The Delarca represents the cost to moradial the offlema in Dominica, including office
furniture and fodrat art computer equal pervene.