Commercial Intelligence.
BANE OF NEW ZEALAND. TENTH HALF-YEARLY REPORT OP DIRECTORS. The directors have to report that, after £ ad . another successful half-year’s operations, the net profits at 30th September, after providing for all dependencies supposed to be either bud or doubtful, and making a liberal replacement on bank premises, furniture accounts, &c, &0., amount to ... ..." ... ... 63307 0 5 To which has to be added—-balance of profit undivided at 3Xst March 1 4 Leaving available for division 66 067 1 g Which the directors re- £ g d ' commend to be appropriated to payment of dividend at the rate of 10 per cent, per atinum 25,000 0 0 Bonus of 7s per share, equal to 7 per cent, per Snnum ... '. 17,500 0 0 Additirn to reserve fund, which is now at its maximum of £150,000 7,000 0 0 Balance to profit and loss new 'account ... ... 6,567 1 9 The dividend and bonus will be payable at head office to-morrow, the Ist November, and at the branches on receipt of advice. It devolves upon the shareholders now to elect two directors to fill vacancies. Messrs IV. C. Wilson and Thos. Bussell have given the required notice, and are eligible for election, . ’Dor the Board of Directors. James Williamson, ' - ■ President. AGGREGATE BALANCE-SHEET OP THE BANS ON NEW ZEALAND, At September 29,1868, including the London Office Balance at June SO. 1866. Dr. . £ s d Bank stock ... i.. ... 600,000 o o Reserve Fund ... 143,000 O O Notes in crrcnlalion ... ... 811,471 0 O Bills In OmMlaticu ... ... 938,663 6 4 Deposits and ether liabilities ... ... 1,497,333 17 a Balance of profit and loss account, at the * 81st March last ... 2,760 1 4 Net profit for half-year... ... 63,307 o 6
v”. £ . Coin held in the colony, and cash balances at London bankers..! ... ... 650 614 15 1 Bullion on hand, and in transitu ... 203*103 18 3 securities 250*090 0 0 Landed property . 19 857 8 6 Bank promises, furniture, and stationery 59870 10 11 Notes and hills of other hanks 2 909 17 10 Insurance accounts . ago? 4 9 Bills receivable, bills discounted, and other * debts due to the bank... ... ... 2,355,691 12 1 3,446,535 5 10 BROKET AND LOSS ACCOUNT Dr. To dividend at the rate of 10 per cent, per annum (M ~, tM o; noo o ft To bonus of 7s per equal to* 7 per ' cent. ~, |(< 17 50ft ft ft To Increase of reserve fund " ... ... y'ooo 0 0 To balance carried to profit and loss now * account ... 6,567 1 9 66.067 X 9 Cr. By balance of profit at 31st March last ... 2,760 1 4 Hy net profit for half-year after writing off had debts 63,307 0 5 58.067 I 9 RESERVE FUND. Dr. To balance 150,000 0 0 150.000 0 0 Cr. By balance from last statement 143 000 0 o By amount transferred from profits of past ’ lf T ear 7,000 0 0 150.000 0 0 KENRV WALTON,> . ... B. WATEBSTON, j Auditors.
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Hawke's Bay Times, Volume 8, Issue 437, 12 November 1866, Page 2
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485Commercial Intelligence. Hawke's Bay Times, Volume 8, Issue 437, 12 November 1866, Page 2
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