- -EIGHTIETH PEPQRT . ' OF THE DIBEOTOB3 OF' THE BANK OF NEW SOUTH WALES TO THE HALF-YEARLY GENERAL MEETING OF THE PROPRIETORS, Held at the Chief Banking House, on FRIDAY, THE 31st DAY OF OCT., 1890. : rpHE Directors have the pleasure to subJ_ mit to the Proprietor* a Statement of the Assets and Liabilities of the Bank on the 30th September last, with the Auditors' Report and Declaration. The net profits for the Half^year,. .after deducting Rebate on Curreat Bills, Interest en Deposits, paying Note Tax in *b« Gefooies, reducing valuation of Bank Premises, providing for Bad and Doubtful Debts, and in c hiding rece varies from Debts previously written ,•$ as . bad, amount to ... ... £118,522 15 7 To wbieh is to be added — - Undivided Balance from last balf-yaar ... £9,256 8 11 Giving for distribution £127,779 4 6 Wbieh the Directors recommea«> to ••„ appropriated as follows : To payment of divi* dend at the rat* ef 15 p*r eeu* per annum... £93,750 0 0 To bornw at the rate of 2i per cent per annmlf^.j ... ... 15.621 0 0 To augmentation of tbe Reijervo JFund ... 10,000 0 0 To balance carried to " Profit and Loss," new account 8,404 4 6 £127,779 4, 5 With the above appropriation the Betervc fund will amount to £960,000. For and on behalf of the Board of Directors, - THOMAS BUCKLAND, , ; : President. AGGREGATE BALANCE-SHEET OF THE BANK or NEW SOUTH WALES, September 30, 1890. ■ (Including London Branch to 80th June, 1890, and New Zealand Branches to ,Ist ■ •■■-" September, 1890.) Da. > .... , £ b. d. To Proprietors' Capital , —62,000 shares, 4»0. each' fully, paid up .... 1,250,000 0 0 To Reserve Fund ... 950,000 0; 0 To Notes in Circulation 640,927 0' 0 To Bills Payable ... 1,518,544 1: 6 To Deposits and other Liabilities 18,440,004 14 10 To Profit and Lobs ... 147,752 4; 8 £22,942,228 6 7 Cb. £ s. d. Cy Coin and Cash Balances... .... ... 3,244,440 14 8 By Bullion ... ... 64,52114 5 By Government Securities ... ... ... 519,869 19 0 By Notes of other. Banks:.. ..." ... 8,793 6 0 Bj Bank Promiaes ... 543,127 15 8 By ' Sills receivable, ■ ■ < : - i > BUls Discquntpd, and other 'debts due \o (hf Bank ... ... ... 18,560,785 8 1 Bj Ipsuranoe Account v Is^ 14 8 £22,942,228 0 7 PROFIT AND" LOSS, 1 ! ' Sep'temßer'3o,'lß9o.' .L/B d t uij ;lp CtOci 1890 ' £ b. d. Sept. 80. To Rebate (at current ratep) ; ,on Bills Discounted, not due at this d»*e ... 19,972 19 9 To Dividend at tbe rate num ... «. ... 98,750 0 0 To Bonus at tfie jrate.of j .„, •2J- per'Went^per. annum 1§,625 0 0 To arfgmebtation of • •^■- : Beserve FjWd, :, v 10,000 0 0 To balance, carried to 14 Profiiand Loss, "new Account 8,404 4 6 £147,752 4 3 Ck 1890 £ s. d, March 31. By Amount from last Account ... 9,256 811 Sept. 80. By Balance of Half-year's Fronts after providing for Bad and Doubtful Debts, and including recoveries hrom Debts previously written off as Bad 138,495 15 4 £147,752 4 8 RESERVE FUND, September 80, 1890. Db 1890 £ a. d. Sept 80 To Balance ... 960,000 0 0 £960,000 0 0 Cb 1890 £ b. d. March 81. By Balance 950,000 0 0 Sept 30. By Amount from Profit and Lobs 10,000 0 0 £960,000 0 0 ALFRED G. MILSON,) A " J.S.HARRISON,' , ) Audltors - j Audited, 30th October, 1890. i AUDITORS; REPORT. ' I ; We have examined the annexed Bal-ance-Sheet, made up to the 80th September, 1890, The Cash, Bills, and other Securities ' held at the Branches and Agencies in New South Wales, Victoria, and South , Australia, on the 30th September, in New j Zealand and Western Australia on the Ist September, in Queensland. on the custom. ajry . dates, . and at. London on the 80th Ju/re last, have been certified to as being eorreet by the usual documents. ALFRED G.,MILSON,| A \ J.S.HARRISON. j Auditors. | Bank of New South Wales, 80th October, 1890. \ WM. TRIMBLE^ j AUCTIONEER, VALUATOR, AND COMMISSION AGENT, . Kimboltoit Road. \ (Opposite the, Corporation offices.) . Bales held at tin* Mart every Saturday. I Sales held in Town n Country. Ageit for Little's Sbeep Dip, a stock or which is always kept an hasd. , Agent for The Federation Tirf mmA Marine Inso»«nee Compaay, Bnl>u«t«d. JOB PBINTING m all its branehef Executed on the shortest , notice ftt lb« -SxAA Office Charge* ver? reaaonable.
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Bibliographic details
Feilding Star, Volume XII, Issue 70, 29 November 1890, Page 4
Word Count
699Page 4 Advertisements Column 2 Feilding Star, Volume XII, Issue 70, 29 November 1890, Page 4
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