Bank of New Zealand.

Feilding Star, Volume XVII, Issue 298, 23 June 1896, Page 2

Bank of New Zealand.

The following is the balance-sheet of the Bank of New Zealand as laid before Parliament last night in conformity with the Statute :-- 1 AGGREGATE BALAKCB-BHEET, 31S^ ° ' . MAHCH, 1896. - ' Liabilities. — Capital— Four per cent guaranteed stock, £2,000,000 ; preference shares subscribed for' by Government of New Zealand," £500i--00 0; capital called up ., under Bank of New Zealand and Banking Act, 1895 (£500,000), amount paid in advance, £47,423 6s Bd*^-£2,547i423 6s xßd. Reserve Fund — £23,418, 4* lid ; notes in circulation, £533,229; bills payable in circulation, £673,232 j deposits, £9,894,778 13s 7d; other liabilities, £669,912 6s 4d; balance, profit and loss account, £52,576 2s Id. Total, £14,333,569 13s 7d. y- £;> of call, payable in instalments, 30th June, ,1896, 3Ut December, 1896, 30th June, 1897, and 31st December, 1897, £452,576 1&|&:;,; Assets.— Coin and cash: balanc^ at backers, £1,630,914 0s 4d; bullion on hand and in transit, £115,792 11s 9d. Investments. — I Consols: (Imperial)* £54,868 16s; Colonial Government securities, £627,431 Os 9d ; municipal securities, £8827 12s 6d; other aecurities, £378,061 12s sd^£liO6«iiO|^» 8d j bills receivable and bills discounted, £2,521,652 13s Id; other advances and aecurities, and debto due to the Bank, £7,282,525 17s 10d ; Bank of New Zealand Estates Company (Limited) Share Account (*), . £1,089,822 17s 7d j landed property, premises, &c, £423,533 19s 2d; Colonial Bank landed properties and premises (t), £125,138 12s 2d ; Colonial Bank Purchase Goodwill A&ounfc £75,000. Total, £l4;si3;ss?^i3s 7d. . a " l':'-"r:^riiUr-sn-♦Bank of New Zealand Eatatea Company (Limited) Share Account,. £1,089,822 17a 7d..^Thk is book value. The Estates Company include in their balance~sheet assets a sum of £45,000) being balance of cost of conversion of debentures, which is being gradually written off; also,; the; 'debt of the Assets Realisation Board.'to be covered by debentures not yet issued; the value of which is subject to' toe approval by the Colonial Treasurer of the adjustment between the Estates Company and the Assets Realisation Board. i hi (f) Colonial Bank Landed Properties and Premises, £125,138 12s 2d.— This is also book value, not ascertained value. .*. v ■■■:,.'■£ , Pbofit and Lobb— Balance for yea* ended 31st March 1896, £52,576 2s Id. Balance from year ending 31st March, 1895, £383 lls Id j net profit for year ended 31st March, 1800, including recoveries and after provision for ascertained bad debts, and making what is considered ample pro- | vision for possible losses and doubtful debts, but contingent upon the approval by the Colonial Treasurer of the above adjustment rule(*) £52,192 lls. Total, £52,576 2s id: Reserve Fund— Reserve Fund written off, £45,000 ; balance, £23,418 4s lid. Balance for year ending 31st March, 1895, £45,000 ; Reserve Fund created in terms of "Bank of New Zealand and Banking Act, J 895," clause 7, £23,418 4s 43. Total, £68,418 4s lid. (Here follows the usual certificate.)