Commercial Intelligence.

Hawke's Bay Times, Volume 7, Issue 375, 10 May 1866, Page 4

Commercial Intelligence.

NINTH REPOST of the Directors of THE BANK OP HEW ZEALAND, To the Half-yearly General Meeting of the Proprietors, held at the Banking-house, Auckland, on Friday, the 27th day of April, 1866. Ilf again meeting the Shareholders, the Directors have the satisfaction of reporting the successful result of another half-year’s operations.

Dividend and Bonus-will be payable at Head Office on Tuesday the let day of May, and at the Brandies on receipt of advice. Certain alterations in various clauses of the Bank’s Deed of Settlement proposed at last General Meeting, will now be submitted for confirmation. It will also devolve on the Meeting to elect a Director in room of W. T. Buckland, Esq., who has retired: C. J. Stone, Esq. has given the necessary notice and is the only candidate for the office. There is also an Auditor to be elected in room of C. J. Stone, Esq., resigned; whose position has been temporarily occupied by the nomination of Henry Walton Esq. For the Board of Directors, s JAMES WILLIAMSON . President.

Agoeesate Balance Sheet op the Bank of New Zealand at 31st March, 1866, including tha London Office Balances at the 30th December, 1865: * Dr.

£ fl* d. The net profits for the half-year ending 31st March, after amply providing for all debts supposed to be bad or doubtful, and making a liberal reduction in Bank Premises and Furniture Accounts, amount to 52,614 8 11 To which are to be added— Recoveries from Debts previously written off as bad or doubtful 615 14 5 And balance undivided last half-year 2,529 18 0 Giving for Division a total available Balance 55,760 1 4 Of which the Directors recommend the followmg appropriation : — £ 8. d. To payment of Dividend at the rate of 10 per cent, per annum 25,000 0 0 „ Bonus of 7s per share, equal to 7 per cent, per annum 17,500 0 0 ,, Addition to reserve fund... 10,000 0 0 ,, Donation to proposed Guarantee Fund, which completes the contribution agreed to 30th September, 1864 500 0 0 ,, Balance to Profit t,nd Boss Rew Account 2.760 1 4 55,760 1 4

£ B. d. To Bank Stock 499,983 0 O „ Reserve Fund 133,000 0 0 „ Notes in Circulation 350,966 15 0 „ Bills in Circulation 634,556 16 I „ Deposits and other Liabilities 1,316,157 10 1 „ Recoveries from bad debts 613 14 5 j, Balance of Profit and Loss Account at 30th September last 2,529 18 0 „ Nett Profit for Half-Year 52,614 8 11 £3,190,424 2 6 ' Cr. By Coin at Head Office and Branches, and Gash Balance at London Bankers 325,086 3 2 „ Bullion on hand, and in transitu to London, &c. 409,316 13 6 ,, Government Securities ' 350,000 0 0 „ Lauded Property 19,750 14 6 „ Bank Premises, Furniture, and Stationery 44,825 18 0 „ Notes of other Banks 4,979 0 0 „ Insurance Accounts 3,348 17 3 „ Bills Receivable, Bills Discounted, and otherDebts due to the Bank 2,033,116 16 1 £3,190,424 2 6 PfiOFIT AND Loss ACCOUNT : — Dr. To Dividend at the rate of 10 per cent, per annum ... 25,000 0 0 „ Bonus of 7s per Share=7 per cent, per annum 17,500 0 0 „ Increase of Reserve Fund... 10,000 0 0 „ Further Donation to Guarantee and Provident Fund 500 0 0 „ Balance carried to Profit and Loss “New Account” 2,760 1 4 £55,760 1 4 Cr. By Balance of Profit at 30th September last 2,529 18 0 „ Recoveries from Bad Debts 615 14 5 „ Nett Profit for Half-Year, afrer writing off Bad Debts 52,614 8 11 £55,760 1 4 Resebve Fund : — Dr. To Balance £143,000 0 0 Cr. By Balance from last Statement 133,000 0 0 “ Amount transferred : from Profits of past Half-year 10,000 0 0 £143,000 0 D Audited (HENRY WALTON. Ir. waterston.