BANK OF NEW ZEALAND.

Dominion, Volume 4, Issue 1166, 17 June 1911, Page 4

BANK OF NEW ZEALAND.

BALANCE-SHEET at 31afc MARCH, 1911. LIABILITIES. ASSETS. ~ capital- £ b. d. £ s. a. £ s. a. s, s. a. 4% Guaranteed Coin and Cash Balances at Stork 1,000,000 0 0 takers 3,2-18.28!) 19 5 Preference ' Bullion on hand and in transit 121,813 2 6 Shares fully Jloncv at rail liaid up issued and Short Nolo the Crown lice, Governunder "Tlio wont SecuriBank of New tic.-: and oilier Zealand Act, Securities in MO:)," sees. 9 London ... 6,710,239 8 6 audio 500,000 0 0 Bills Iteceiv- ) Ordinary able in London Shares 150,003 and in transit 2,291,621 17 3 at £6 13s. Id. 9,001,831 S I £l,coo,OQ3 investments :k the Colonies— „ Colonial Govrj''l >'P t0 eminent Secul.) lis. bu. per i-itios 1077921 0 0 .Share ... 500,000 0 0 Municipal Ec" „ , 0 ° ° curitiea ... 2C0.0S9 2 11 ReserveFund SC0.C0O 0 0 _ 133SOIO 111 Notes in Circulation 977246 o 0 assets Realisation BoAttD AssetsUenosits 17,886,(45 13 10 Balnncesowin" Rill? Payable and other Lia- hv Purchaser? 178,540 16 5 liilitics (including provision Su'ndrv Assets for doubtful debts and for unrealised' ... 37,813 3 10 depreciation in Investment .J «< t . u n , Securities) 1.439,450 17 0 Billsdiscounted illicit is q Balance of Profit and Loss ... 299,105 7 C ffiSSl Securities ' " 9 and Dchts due to the Bank... 7,938,115 1 7 Landedl'roperty.l'ieniises.etc. 423,739 7 3 £23.402,817 13 4 £23,402.S17 IS _4 PROFIT AND LOSS. Dividend on Preference Shares 18,750 0 0 Balance 31st Hard), 1910 — 270,384 8 C Dividend on Ordinary Shares 25,000 0 0 Bonus on Ordinary Shares ... 12,500 0 0 Amount transferred to Reserve Fund 130.000 0 0 Balance carried down 04,131 8 6 £270.3S4 86 j^MsTTl Twelve months' interest on Balance brought down ... 64,134 8 6 Guaranteed Mock 40,000 0 0 Fronts for year ended 31st Amount written off Bank Pro- March, 1911, including rccovraises and Furniture 20,000 0 0 erics, and after pavment of, Interim Dividend paid 12th and provision tor, ail interest December, 1910— due and accrued on deposits, 6% on Prefer- provision for had and ence Shares, • doubtful debts, for dona£500,000 , - 30,000 0 0 Hon to Provident Fund, 6% 0:1 Ordin- and for bonus ary .Shares, to staff 622,391 9 9 £5CQC00 ... ■ 30,000 0 0 Loss , , 60,000 0 0 Salaries and Balance being- Allowances Net Profit for £160.678 1 i year 295,27019 0 Directors' reAmountbrnujht muneration forward from £3,230 0 0 last year ... 64,134 86 General r Expenses . 359,105 7 6 c.18.142 19 2 Less Interim Audit Expenses Dividend raid jq 913 9 6 as above ... 60,000 0 0 Bales'* taxes 299,405 7 6 ££3,131 0 9 267,12010 9 355,27019 0 £4ii>./05 7 e jwoTTii • RESERVE FUND. £ s. a. £ a a Balance « .., -. ... 1,000,000 0 0 Balanco per last Statem»nt ... 800,000 0 6 Amount to bo aaded from . Profits for year ended 31st March, 1911 200,000 0 0 £l,0qqCM_0_0 Jl.OOO.roo n~o~ B. M. LITCHFIELD, W, OAI.LENDER, General Manager. Chief Auditor, F. A, MAOBEAN, Accountant,