Page 2 Advertisements Column 2

Feilding Star, Volume X, Issue 134, 18 May 1889, Page 2

SEVENTY-SEVENTH REPORT OF THE DIRECTORS OF THE BANk::--Q# NEW SOUTH _'■" ::; WLES. To the Half-yearly General Meeting of the Proprietors, held at the Chief Banking House, on TUESDAY, 30th DAY of APRIL, 1889. The Directors have the pleasure to submit to the Proprietors a : Statement of the Assets and Liabilities of the Bank on 31st March last, with the Auditors' Keport aud Declaration. The net profits for the H&lf-yeai-, after deducting Rebate on Current Bills, Interest on Deposits, paying Note Tax in the Colonies, providing for Bad and Doubtful Debts, and reducing valuation of Bank Premises, amount to ... ... £120,555 7 10 To which is to be added — Undivided Balance from last Half-year ... 8,285 13 1 Given for distribution ... £128,841 0 11 Which the Directors recommend to be appropriated as follows : To payment of divid end at the rate of 15 per cent perann'm je93,750 0 0 „ Bonus at the rate of 2£ per cent per arm 'm 15,625 0 0 „ Augmentation of the Reserve Fund 10,000 0 0 „ Balance carried to "Profit & Loss," New Account ... 0,466 0 11 £128,841 0 11 With the above appropriation the Reserve Fund will amount to £930,000. During the past Half-year Branches of the Bank have been opened at Narahdera in this Colony and Brunswick in Victoria. The Dividend will be payable at the Head Office to-morrow, and at the Branches on receipt of advice. , For and on behalf of the Board of Directors, ! THOMAS BUCKLAND, . : • President. AGGREGATE BALANCE SHEET OF THE BANK OF NEW SOUTH ' WALES, MARCH 31, 1889, (Including London Branch to 31st December, 1888, and New Zealand Branches to 4th March, 1889.) Db. £ s. d. To Bank stock ... 1,250,000 0 0 „ Reserve Fund ... 920,000 0 0 , Notes in circulation €61,766 10 0 „ Bills Payable ... 1,737,877 7 4 „ Deposits and other Liabilities ... 16,956,029 10 2 „ Profit and Loss ,~ 156,122 3 6 [ £21,681,795 11 0 €«. £ s. d. By Coin and Cash Balances .., „, 2,489,206 8 8 „ Bullion ... .„ 49£05 9 0 „ GovernmentSeourities 186,697 19 0 „ Notes of other Banks 18,796 G 0 „ Bank Premises ... 519,400 10 6 „ Bills Receivable, ' Bills Discounted, & " ' other Debts due to the Bank ... 1*5,417,351 8 7 „ Insurance Account 537 "15 8 £21,681,795 11 0! PROFIT AND LOSS, MARCH 31, 1889, Db. £ a. d, 1889. , Mar. \ To Rebate (at current " : 31 j rates) on Bills dis- | counted not due . at this date „,27,281 2| ; ,„ Dividend at the, rate of 15 per cent . per annum ... 93,750 0 0 ,„ Bonus at the rate of 2£ per cent per annum ... 15,625 O 0 „ Augmentation , of the Reserve Fund 10,000 0 0 „ Balance carried to "Profit & Loss," ■■ ; Hew Account v . .9,466 <J II ; £156,122 § 6' Cb. . £■ s. d. 1888. . Sept. ) By Amount from last 30 J Account .., 8,285 13 1 1889. ■ . . ; Mar.) By Balance of Half--31 J . year's profits after providing forbad ; & doubtful debts, . . and including re- ; cpveries from •: debts previously „ . i written off as bad 147,836 10 5 £156422 .3 6; RESERVE FUND, MARCH 31, 1889. r Dit. £ . s.. oV. March. 3l. To Balance ... 930,000 0 0 j - ' £j30,000 0 Q ' : ; - -■*: . /;,. -... Ce. :. -;■ -r-£ ' b. :d.' 1888,--; : -. .. -..- ..,*-■■■, ;-..•:■ ■■■ Sepi 80,, .8y Balance ... 920,000 0 0 1889, „;. ..,...:.. : March 31. Amount from : M Profit and. Loss". ... 10,000 0 0 £930,000 0 0 ■■■■'{ ... ; BBg^ B=== - Audited, 29th April, 1889. r ' ; - Sydney Bubdekin, ) . Alfred G. Milson,| a^ di tors.