Bank of New South Wales

Feilding Star, Volume XIV, Issue 145, 27 May 1893, Page 2

Bank of New South Wales

Eighty-fifth report of the Directors to the to the halt-yearly general meeting of the Proprietors, held at the Chief Banking House, on Monday, the Ist day of May, 1893.

I The Directors have the pleasure to submit to the Proprietors a statement of the assets and liabilities of the Bank on 3lßt March last, with the auditors' report and declaration. The net profits for the half-year, including recoveries from debts

With the above approriation the Reserve Fund will amount to £1,010,000. The dividend will be payable at the Office to-morrow and at the Branches on j 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, 1893. (Including London Branch to 14th February, 1693, and New Zealand Branches to 6th March, 1893.) Dr.

Audited, 29th April, 1893. AUDITORS' REPORT. We have examined the annexed balance-sheet, made up to the 31st March, 1893, and report that we find the several items therein stated to conform to the balances in the General Ledger, and the and the Balance-sheets of the respective Branches and Agencies of the Bank collectively. A. G. MILSON, ) AuDITORS J. S. HARRISON, I AUDITORS Bank of New South Wales, 29th April, 1893.

Reserve Fund, March 31, 1893. Dr. March 81, 1893 £ a d To Balance 1,010,000 0 0 £1,010,000 0 0 Cr. Sept. 30, 1892. £ s d By Balance 1,000,000 0 0 March 81, 1893. By Amount from Profit and Loss 10,000 0 0 £1,010,000 0 0

£ s a To Proprietors' Capital, 62,500 shares. £20 each, fully paid up 1,250,000 0 0 To Reserve Fund 1,000,000 0 0 To Notes in Circulation 660,325 0 0 To Bills Payable 1,448,407 2 4 To Deposits and other Liabilities 20,418,942 10 10 To Profit and Loss 137,939 9 4 124,915,614 2 6 Cr. £ a a By Coin and Cash Balances 3,403,769 14 1 By Bullion 42,193 11 2 By Govennent securities 560,972 11 6 i By Notes of other Banks 10,116 0 0 By Bank Premises 589,668 9 9 By Bills Receivable, Bills Discounted, and other debts due to the Bank, including Liabilities of Customers under Letters of Credit 20,308,492 17 11 By Insurance Account 400 18 1 £•21,915,614 2 6 Profit and Loss, March 31, 1893. Dr. £ s d March 31, 1893. To Rebate (at current rates) on Bills discounted not due at this date 18,233 0 8 To Dividend at the rate of 15 per cent per ' annum 93,750 0 0 To Augmentation of the Reserve Fund 10,000 0 0 i To Balance carried to ' •• Profit and Loss " New Account 15,956 8 8 £137,939 9 4 Cr. ' Sept. 30, 1892. £ b d By amonnt from last Account 8,330 12 6 March 81. 1893. By balance of half-year's : profits after providing for bad and doubtful debts, and including recoveries from debts previously written off as bad 129,608 16 10 £137,939 9 4

previously written off as bad, amount to £111,375 16 2 To which is to be added — Undivided balance from last half-year 8,330 12 6 Givin R fordistribution £199,706 8 8 Which the Directors recommend to be appropriated as follows : — To payment of dividend at the rate of 15 per cent per annum £93,750 0 0 To augmentation of the reserve fund 10,000 0 0 To balance carried to " Profit and Loss," New Account 15,956 8 8 £119,706 8 8

Authorised Capital £3,000,000 Paid-up Capilal £1,250,000 Reserve Fund £1,010,000