BANK OF NEW ZEALAND
A PiiOFITA IJLE VFAIL £bT TELEGRAPH—PER PRESS ASSOCIATION. WELLINGTON. June 0. The report of tlie directors of the Bank ot New Zealand for tlie year outlet! .Miircli 3] shows thnt the pro•its, niter providing for tiie expenses ol manage inent. all bad and doubtful debts .oilier coni modifies, and after making provisitin for the annual donation to the provident fund, also a bonus to the staff, are £>'(lß,B7o 7s 3d. From this has to he deducted interest on guaranteed stock £21,199 Ss 7d. leaving a balance of profit for the year of £847,070 18s Bd, to which has to tie added a surplus on realisation and on maturity of Government and other securities £143.420 Ss sd. The balance brought forward from last year was £0d0,378 9s 7d. making a total of I'l.bbfi.KiO Ids Bd. from which has been paid a dividend on Preference A shares of £.70.000. an interim dividend on preference B shares of £41,(5(30 13s Id, and an interim dividend on ordinary shares of £250.000, totalling £341,006 13s Id. leaving available for distribution £1.214.803 3s Id.
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Hokitika Guardian, 8 June 1927, Page 4
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182BANK OF NEW ZEALAND Hokitika Guardian, 8 June 1927, Page 4
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