COMMERCIAL.

Daily Telegraph (Napier), Issue 3856, 26 November 1883, Page 2

COMMERCIAL.

BANK OF NEAV SOUTH AVALES

The following is the sixty-sixth report of tho directors of the Bank of New South AVales to the half-yearly general meeting of tho proprietors, held at the Chief Banking House, on AVednesday, the 3-lst of October, 1883: —

The directors have tho pleasure to submit ( to the proprietors a statement of the assets and liabilities of tho bank on tho 30th ultimo,. Avith the auditors' report and declaration. The net profits for tho halfyear, after deducting rebate on current bills, interest on deposits, providing for bad and doubtful debts, and reducing valuation of bank premises, amount to £98,147 Is Id, to Avhich is to bo added the undivided balance from last half-year, £0539 Os Id, giving for distribution £104,080 7s 2d, Avhich the directors recommend to be apSropriatcd as follows: —To payment of ivideud at Iho rate of 15 per cent, per annum, £75,000 ; to bonus at tho rate of '2!j per cent, per annum, £12,500 ; to augmentation of (he reserve fund, £10,000 ; to balance carried to " profit, and loss," new account, £7180 7s 2d; total, £104,G50 7s 2d. AVith the above appropriation tho resci-A-o fund -will amount to £530,000. Tho dividend -will bo payable at the head office to-morroAV, and at tho branches on receipt of advice. For and on behalf of the board of directors, Thomas Walker, President. Aggregate balance-sheet of the Bank of NeAv South AVales, September 30th, ISftj- ' (including London branch to 30th Jiiue, 1883, and Now Zealand branches t;o 3rd September, 18S3) : — Dr £ p cl To bank stock .. ~ 0 0 To reserve fund ~ fr iom 0 0 Xo notes in circulation , . goo r.rr. n n Io bills payable .. o 2 f >9'.(r? i 5 To deposits and 0f',,.,, m, ' ' •• 11,761,229 0 4 To pro.it aiv ak , S3 __ ' 1;n ; 0 .i 2 15 0 £16,404,809 16 9 Cr. By coin and cash balances 3,313,783 1-1 0 By bullion in hand and in transit to London .. 97,350 14 10 By notes of other banks 9,559 0 0 By bank premises ~ 376,135 10 4 By bills receivable, bills discounted, and other debts duo to the bank.. 12,030,710 14 10 By insurance account .. 1,234 2 9 £ 1.0,104,80!) 16 D PROl'tT AND LOSS. Dr. £ s. d. September 30, 1883. To rebate (at current rates) on bills discounted not duo at this date .. 26,956 7 10 To dividend at the rate of 15 per cent, per annum 75,(100 0 0 To bonus al tho rate of 2_l por cent, por annum .. 12,500 0 0 To augmentation of the reserve fund ~ .. 10,000 0 0 To balance carried to " profit and loss," new account.. .. ~ 7,180 7 2 £131,012 15 0 Cr. March 31, 1883. By amount from last account; .. .. .. 6,530 6 1 September 30, 1883. By balance of half-year's J

profits after providing for bad and doubtful debts, and including recoveries from debts previously written off as bad 123,103 8 11 . £131,012 15 0 EESERA'E fund. Dr. ,_ £ s - d - September 30, ISB3. , „ „„. „ A To balance .. •• 530.0°° ° ° £530,000 0 0 Cr. March 31, ISS3. By balance .. .. 520,000 0 0 September 30, 1883. By amount from profitand lasa 10,000 0 0 £530,000 0 0 Audited, 30th October, 18S3. Sydney Burdekin j Auditors . J. S. Harrison j (Reuters Telegrams.) (By Electric Telegraph.—Copyright.) (Received November 25, 10.30 a.m.) London, November 23. Consols to-day arc quoted at 101 g, a decline of one-quarter. Ncav Zealand securities remain at last quotations, viz., five per cent ISB9 loan, 09-j ; four per cent incribed stock, 100_,. Colonial breadstuff's continue steady at the following prices, ox-store:—Adelaide Avheat, per 490 lbs, 46s Od; New Zealand ditto, 38s Gd to-lis 6d, according to quality : Adelaide flour, per 2SO lbs, 325. Tho total quantity of Avheat afloat for the United Kingdom, to-day is returned at 1,850,000 quarters, and increase of 100,000 quarters during the week. Australian talloAv is improving, prices having to-day advanced Gd per cwt. Best beef is quoted at 3Ss Od, and best mutton at 39s Cd.