Page 4 Advertisements Column 2

Feilding Star, Volume XV, Issue 329, 2 June 1894, Page 4

- "^tAi^ OFNEW SOUTH WALES. AGGREGATE BALANCE-SHEET OF THE BANK OF NEW SOUTH i WALES, March 81st, 1894. (Including London Branch to 14th February, 1894, and New Zealand Branches to sth March, iS9i.) LIABILITIES. | „ £ s. d. £ s. d. Notes in circulation 851,652 0 0 I Deposits and accrued interest 17,421,081 9 8 18,272,733 9 8 Bills payable and other liabilities (which include reserves held for doubtful debts and amount at credit of officers' fidelity guarantee and provident fund) 2,510,667 0 1 Paid-up capital — Bearing six months' dividend, £1,250,000, bearing five months' dividend from Nov. 1, 1893, £364,300, bearing interest at 6 per cent, to May 1, 1894, £69,200 £1,683,500 0 0 Reserve fund £1,118,375 0 0 Profit and loss £110 616 11 0 2,912,491 11 0 23,695,892 0 9 Contingent liabilitiesOutstanding credits and endowments, as per _ contra 333,128 1 9 £24,081.020 2 6 ASSETS. „ . . , £ s. d. £ s. d. Com, bullion, and cash balances 4,098,602 18 0 Government securities 634,149 8 9 New South Wales Treasury notes 70 0 0 Queensland Treasury notes 90,684 0 0 Notes of other banks... 19,107 0 0 Due by other banks 104,653 11 0 _ 4,947,266 17 9 Bills receivable, bills discounted and remittances in transit ... 3,241,808 711 Loans and advances to customers 14,894,667 9 5 Bank premises 612,149 5 8 23,695,892 0 9 Liabilities of customers and others on letters of credit and drafts, as per contra „ ... ... „. ... 835,128 1 9 £24,031,020 2 6 PROFIT AND LOSS, MARCH 31st, 1894. Dr. 1594. £ •. d. March 31. — To rebate (at current rates) on bills disconntpd not <\nc at«hi»date 11,300 6 1 To dividend at the rate of 10 per cent, per annum ... 77,679 3 4 To balance carried to •' Profit and LosV new nccount 21,637 1 7 £110,616 11 0 Cr. 1893. £ » o\ Sept. 30.— 8y amount from last account 20,864 15 8 1894. I March 31. — By balance of half-year's profits after providing for bad and doubtful debts, reducing the valuation of bank premises, and includiug recoveries from debts previously written off as bad 89,751 15 4 £110,016 11 0 RESERVE FUND, MARCH 31st, 1894. Dr 1894. ' March 31.— T0 balance £1,118,375 0 0 Cr. I 1893. £ b. d. Sept. 30.— 8y balance 1,010,000 0 0 1894 March 31.— 8y premiums on new stock paid up ... ... ••• 108,375 0 0 £1,118,375 0 0 1894. March 31— By balance £1,118,375 0 0 GEORGE MILLER, General Manager. Mr. T. Buckland. the Chairman, m found that while thej were considerate to moving the adoption, of the balance-sheet their debtors the public had been conaiand report, said the shareholder* oa no- dermto to them, and the public and the ticing the large holding of coin and Go* colonies had as a consequence benefited. vernment secuntin* would be prepared As a comment upon the predictions that for kuch a contraction of business as the passing of the Bank lesno Act would must reduce the profit»earning power of involve the issue of many millions of tht; bitnk. Bub experience had shown notes, the circulation of the Bank in 1884 the wisdom of making everything was £810,322, and in 1894 only £851,652, subservient to the maintenance of a although the business of the institution strong financial positioßi. The need for during that period had increased 50 per such a i>olicjp hid been demonstated by cent. In reference to the future, the ihe discredit which i» cartain section of speaker dwelt upon the good result of the the popnlation. including? several men of profitable employment of many people, position, sought to throw on the financial who would otherwise be idle, upon the institutions of the Colotrv. The injury goldfields, and pointed to the beneficial done bjr this unfair and irrational criticism effect which the meat-freezing works however unfortunately was not confined were having on the value of pastoral proto the financial lnntitotions alone, but perty, and in stimulating the pastoral inaffected the credit of the Colony generally, dustry generally Recognising the imIn reference to the reserre of coin and portance of the subject, and the need of Government securities, it was right to say enabling the pastoraluts to get rid of that a portion of the «urplus arose from their surplus stock, the Board had decided deposits of a temporary character await- to give reasonable assistance to those lag investment or diipusal other- wise, and companies which were taking up the matwhereas that portion would in England ter. In view of the large increase of capibe profitably employed in a class of «ecu- tal received, the decrease of advances, the rit? (always available) for repayment on Jarge holding of coin riot productive, and demand, here no sach security existed, «be diminished value of products renderand the money remained almost unpro- *og a liberal provision for contingencies duchre, as owinc to the contraction of desirable, the directors felt that a rethe mercantile bssioess of the colonies duction in the dividend would meet with the orumirr oh.anels for earning profit the approval of the shareholders. In conhad been much curtailed- Among the elusion Mr Buckland announced with renoticeable aud ■atistactory features of the gret that Mr G. Miller, the General Manapast balf-yutfe was the return of public «er, had, after » loyal and honorable eerconfidence at the time when the Bank vice of 42 years, decided to retire because Issue Act terminated, and coin circulation «•* failing lieallk. That matter reminded was resumed without the luast inconveni- bim that his age and deafness rendered ence or strain on the institution. Dur- »t «dTi»able that at no distant date he ing the period that Act wass in operation *liould reiire in favour of a younger and the bank had always kept available suf- more energetic man. ficient coia to retire its note circulation. The report and balance sheet were unand to provide for all other business re anitnously adopted, and a complimentary quirements. This h»d been done without vote of thanks passed to the Board and pressure on customers, and! it had been the officers of the Bank.

1 18/6- 18/6 Wrifrglesworth & Bums I .EG tC/ announce that they will ac« [ lit cep» Deport Tickets of nny Ph-»:> ' graphers, and that any person tenderin one at auy of ourstudio* in. New Zeiiaud will be entrtl nd to Onk Dozen Patent Matt Opai. Tyjb OABINET Or PHOTOGRAPH > OneDozkw Enamelled And ONE 15 x 12 ABTIST-FINISHE OPAX KNLARGEMENT Upon payment of EIGHTEEN SHILLINGS & SIXPENCE. OBSEBTK— A 15 xl 2 OPAL, not coarse, rough Bromide, and 15 \ 12 i the size of the Opal, not the Frame. The work we . are turning out is, >. anything, superior to our samples, «u>l we intend to maintain our present »tau dard. We limply defy anyone in Nr« Zea>aad to produce work of similar excellence at anything like the price, nn>i challenge comparison with one and »>i WBIGGLE3WOETH AND BINNS. Vice xioal and L-vadiko Photoh obaphlcbs, Prize Medallists, Sydney, Melbourne, and New Zealand, j 7. Willis street. Wellington. I THE COLYTC»ITHOTEL. T; 1 1) proprietor begs to »nnounct> that be has now taken ove this hoc-teirv, and intends, by Jceepin : only tLe veiy best brands ol Ales Wines and -pirits, and ruaitrlamin a first class Table, to merit a share of the patronage of the local an well as the travelling public. Good Stabling. j C. A. W. HUNT, Proprietor. J