BANK OF NEW ZEALAND

Dominion, Volume 7, Issue 2167, 4 June 1914, Page 6

BANK OF NEW ZEALAND

THE YEAR'S OPERATIONS A DIYIBENB AND BONUS OF 15 PJStt CENT The annual report and bajanea-slieet of the tank, of iNow Zealand for the year ended -March 31 last is to hand. The report states that the profits, after (norkljflg for expijHht's of immagemeiit, y.il liad iiml douhtftil debts, end after milking provision for annual .doualiion to tho provided land and for bonus to staff, are £388,490 J3s, M,; from this has. to be deducted interest on guaranteed stock. £40,000, waking *348,.J30 ' 13s. Bd. Of this sura the directors have allocated in reduction of bank preiatses &«d furniture, £40,0(30; leaving balance of profit for the year, £308,-l-9G 13s. Bd,, k> which has to bo added balance brought forward from last year, i' 43,117 15s. ad.; in all, £351,603 Bs. lOd, From this there las been paid interim dividend at 6 pw cent: , .'on preference shares, £30,000, and interim dividend of 6 per cent, ou ordinary shares, £30,000: totalling £60,000. " ' " There is left available for distribution, £291,603 Sβ. 10d. Tliis the dirfic- j bits pro-peso should be disposed of as follows:—Dividend at Use rate of 4 per cent, on preference shnresj £20.000; dividend at the ratrj of 6 per cent, on shares, £30,000; bonus at the rate of 3 per cont. od, ordinary shares £10,000; transfer' to /reserve hmi. £173,000 (making icserve fund £1)530,000); leavinft balaace U be carried forenrd, £51,608 Ss. !.od. Durijig the .year branches have been

Opened at Kaitain,, Kohi-tMm, Murchison, and Wliakat-a-ne, and tlio age-ucies at- Oxfwl and Shannon have beim maio daily brandies. . Tiro branch ofc Oplu'r is ho longer open daily, but is visited from Alexandra tviic-e weekly, Agtmeies have bean opened at Awshui ID™ I **? 1 Junction, Hikutaia, Katikati, IvitaMii, Jlatete, Paqngaroa, Papakijra, Sbortliinc], ffirce Lambs (Ponsonby, Auckland), Toko-maru, and Warkworth Mdtfio agencies at Kamngatiake and Iβ Jiarala have been closet!, BATvAKCE-SHEET. J% Baak 'f balsacß-sljeet is as follows tcWs) D - 03Ml ' I)eM< ' "* omitfcd frow the iCnpjtal.-f-por cent. GiwirtnteM ■St«cK. £l,m,m;"A" prefer, «ace shares fully paj<l up. is■siw?a to the Crown under'tho Bntifc of Nefr Zealand Act,'" 19f)3, Sees. 9 and Iff. ■■.£s6O > eoß:' ' orcTinarj- sharps, 150.0J90* "at . «..ai.MW!)ffl > .pait{ T!fl to ~£3 Bs. Bd. pet'share, „■ »«> ;...■..:....:■.. smm j-i-ew saare.. neceunt ...„.,, *6§680 Res<»m fund {of which MOOflft ■" ' is im-esiect in Brit-lsli Govern* ' meni Scearities. tho bakaco lißiiig enipSoywl in tho fcasi* -fcessef the.lianS: t^rs.OW) ■Notes sn cwculatioa 3S9gsa Boiwsßs , J8,0r0,G13 SiHs_ JJftynWn nnd .other liflbHitfes (ttielu(lifl<j proriyien for ■ donMfttl debts am) for flpp'recwHon in iitreshnent eec'iirift .«") ; ~.., umxKi BalanpD ©f profit ajid Icfj 291,G0S 24,400*230 ASSETS. i 2 Coin asd cash Iwlaaees at biitik- „ ~e « 3,861,5W Biiuiou <in hand hud in transit 115,G73 Monrv at oalj ami sliort cotic*. ffofttnmeiit siieijTiticß. ami ottwr secTttities in ■ London, J?i.O7f7lS IDs, s 6iUs reeeiv. i\We in T.omton And ia ttansit, -..„:„ 8,24030 lHW«itmente in i-he Colonies.— Colnnirtl Govji-nnioiit ecetifi* tics. mnajclpfll sefiuritics, JS3.-JB3 ISs 9?2.171 Bills disowuated ~.., i$$,Q2S Other advances and securities and cfcbt.s due to the i)£«ik .. 18,080,469 Landed -property, premises, ete. U9,SB

- VEiaa and loss. 2 "° DM (tend at the rate of i per «-ent. <m JMOO.OGO profor- , «»ce shares issue te tho Grown hi terms of tho "lank of A'e«\2eakiu<2 Act 1003" SO,OOB JKvMsiid at tliss rate of g pet cent, on .£300,003 orditwry s!iwa tapital ..,.,.,„ giyflg Bonus at tho rate , of ?'per.'cent. ' oa ordinary 'sflin-i's capital ... 38OSO Amount transferred to .Reserve FutHl .... ; . 1?5)W)0 Balance carried down ..., ~. i3,J18 •'2SMIB Twelve month.?,* interest dh Guar- ; aateed Stock 40,000 Amount written off Bank premises and farnite© ..■ WM$ Interim dividend paid lOtli De- , ■tsetnber. IPI3S— 6 p«r efent. <m pTcfeeitce shares, £M,'M ' 30,000 6 per tent, en ordiß.-ftry shares, jesoojoor 30,000 Baknee, being met profit for year 308,450 AnMSMii: tooegfct forward i'roin k£t yaar •, d3,i18 Less interim dividenil as above... 80.000 , ' . " iSiM Bdlauca 31st Man*, 1913 ~ 283,118. BaiiiiCß broiig'kt down , 4.3,118 l'wiits fer -year ended 31st Slawh, 1914, ineladin* recoveries, iwl after payment of, (VTid, prevision for, fllijiiiercst A\io art aeccuetl on dopasits. Jd-evisjoft for )xi4 and dmiijK' t'ul debt?, for auMot dmnati<in to ftovident Fuod, aikt for boatis to staff '. > vlijOTG Less—Salaries and aUewwncfts atIteasj. iG-ffito and 208 bfanc3lc9 and agncka (*1t19,755 9s. 4d.); directors' rcmune-tation, includinjr Lofidon Board, Mfffi 10s. Ifld.i g-Mieral ex|iDiise.=, iucludins tent,, stationery, tclftgnuiiS) postages, travellißpr. repairs k> presses, etc. . . {J505.229 Us, 5d.; erfit sspstises account (iS32S3 ,10s.); rates and. taxes <i 61,267 is. lid.) « 325,586 ■ 431,808 : EESEETE, Tlib Fluid, incteiiag a&dM from profits for tile yen , ended 31st March, 191-li stands at Jl,ase,oflO,