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Grey River Argus, Volume VIII, Issue 594, 6 November 1869, Page 2

The sixteenth report of the Directors to the Shareholders of the Bank of New Zealand, at the half-yearly general meeting of the proprietors, held at the Bankin<:-house, Auckland, on Wednesday, the 27th of October, is as follows: —The Directors have again the pleasure of meeting Shareholders with a report of the result of another half-year's operations ; which, considering the stagnant condition of business in several provinces, will, they trust, be received with satisfaction. The net profit at 30th September, after making liberal provision for all bad or doubtful debts, and the usual appropriations in reduction of bank premises mid furniture accounts, amounts to L 33,724 17s 2d, to which has been added—balance of undivided profit at 31st March last, L 5.313 6s 3il, leaving available for division of L 42.039 3s sd, of which the following appropriation is recommended : —To payment of dividend at the rate of 10 per cent per annum, L 25,00 0; bonus of 5s per share, equal to 5 per cent per annum, LI 2,500; balance carried to profit and loss new account, L 4.539 3s 5d ; total, L 42,039 3s sd. For the Board of Directors, Thos Russei<l, President.

Geneva • £]8 0 Bitters 9 0 Tobacco - 21 0 Sugar - 18 7 Sundries 3 4 £69 12 November 5. Tobacco - £29 17 £29 17