THE COLONIAL BANK.
• — The report of the Directors of the Colonial Bank of New Zealand for the half-year ended February 28th states that the net profits, after deducting interest paid and accrued and all other charges, amounts to £13,064 7s ld, which, with £227 lis 9d brought forward, gives £21, 591 18s lOd. From this has to be deducted £1191 4s 4d — land, income, and note tax — leaving available £20,700 15s 6d. The Directors recommend this to be applied as follows : — Payment of dividend at the rate of 6 percent, per annum, £12,000 - --balance to be carried forward, £8,700 5s 6d. This can only be described as highly satisfactory. The Directors have now the flood-tide in their favor, and from what we know of them we feel confident they will neglect no opportunity of promotins:, not only the interests of their shareholders, but the general prosperity of their customers.
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Bibliographic details
Feilding Star, Volume XVI, Issue 219, 16 March 1895, Page 2
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149THE COLONIAL BANK. Feilding Star, Volume XVI, Issue 219, 16 March 1895, Page 2
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