COMMERCIAL.

Grey River Argus, Volume XV, Issue 1948, 3 November 1874, Page 2

COMMERCIAL.

Bank ov New Zealand. — The following is the twenty-sixth report of tbe Directors of the Bank of New Zealand, to the half-yearly general meeting of the proprietors, held at the Banking-house. Auckland, on Wednesday, the 21st October, 1874 :— The Directors have pleasure in congratulating shareholders on the continued success of the Bank's operations, as evidenced in the following report and balance-sheet : — The net profit at 30th Sept., after making ample approS nation for all bad and oubtful dependencies, and for reduction of Bank premises and furniture accounts, amounts to ... £45,703 16 10 To which has to be added — Balance of undivided profit at 3ht March, 1874 ... 13,212 9 5 Making a total available for division of £58,916 6 3 The following appropriation of which is now recommended — To payment of dividend at the rate of 10 per cent, per annum £30,000 0 0 „ Bonus of 5s pershare, equal to 5 per cent, per annum... 15,000 0 0 „ Balance carried to profit and loss new account ... 13,916 6 3 £58,916 6 3 The dividend and bonus will be payable at Head Office, Auckland, on Vriday, the 23rd October, and at Branches on receipt of advice. For the Board of Directors, Charles J; Taylor, Chairman.