Colonial Bank.

Feilding Star, Volume XVI, Issue 71, 18 September 1894, Page 2

Colonial Bank.

DIVIDEND OF SEVEN PEB CENT. (FKB FBBSS ASSOCIATION). DUNEtUN, September. 17. The Directors of the. Colonial Bank, in the 40th report to be presented to the half-yearly meeting, state :— The net profit for the half-year, after deducting, the interest paid and accrued on fixed deposits, rebating bills under discount, charging all expenses of management, rent, etc., and duly providing forbad; and doubtful debts, amounts to -.18,674 6s 7d. To this has to be added the balance from last half-year, £5,791 14s 4d, making a total of £24,466 lid. And there must be deducted the tax on note circulation and land and income tax, £2238 9s 2d; leaving available £22,227 lis 9d, which the Directora recommend to be applied as follows : — Payment of dividend at the rate of 7 per cent on the paid-up capital £14,000 0 0 Balance to be carried forward ... 8,227 11 9 Total £23,227 11 9 A provisional arrangement for the amalgamation of the Bank of New Zealand and this Bank is now before the Legislature and, should they approve of it, resolutions for your approval will be submitted to yon at the meeting.