NATIONAL BANK
PROFITS FOR THE YEAR
Cable advice has been received from London by the general manager of the National Bank of New Zealand, Limited, to the effect that the net profit for the year ended March 31 last, after providing for bad and doubtful debts, amounted to £116,449, which with the £142,293 brought forward from the previous year leaves 'available for distribution £258,742. This it is proposed to allocate as io\lowe:—ln payment of a dividend at the rate of 4 per cent, per annum free of tax £80,000, to pension and gratuity funds £14,000, to exchange contingent'account £40,000, to premises account £10,000, balance to be carried forward £114,742. • The final dividend at the rate of 4 per cent, per annum for the half-year en^ed March 31 last, making 4 per cent, for the year, will be payable in New Zealand, free of tax, on July 15 at any branch of the National Bank of New Zealand, Ltd., at current rate of exchange for demand drafts on London on date of negotiation.
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https://paperspast.natlib.govt.nz/newspapers/EP19330627.2.121.3
Bibliographic details
Evening Post, Volume CXV, Issue 149, 27 June 1933, Page 10
Word Count
172NATIONAL BANK Evening Post, Volume CXV, Issue 149, 27 June 1933, Page 10
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