NATIONAL BANK
DECLARATION OF DIVIDEND. (Per Press Association — Copyright.) WELLINGTON, June 27. Cable advice has been received from London by the General Manager of the National Bank of New Zealand, Limited. that the net profit for the year ended 31st March last, after providing for bad and doubtful debts, amounted to £177,836, which, with £168,457 brought forward from the previous year leaves available for distribution £346,293. This it is proposed to allocate as follows: In payment of dividend at the rate of seven per cent, per annum, free of tax, £140,000; to the pension and gratuity funds, £14,000; to the Exchange contingent account, £50,000; balance carried forward, £142,293. A final dividend at the rate of six pei- cent, per annum for the half year ended 31st March, making seven per cent, for the year, will be payable in New Zealand free o! ! tax on 16th July at the current rate of exchange for demand drafts on London.
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Hokitika Guardian, 28 June 1932, Page 6
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157NATIONAL BANK Hokitika Guardian, 28 June 1932, Page 6
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