BANK OF N.Z.

Hokitika Guardian, 16 June 1933, Page 6

BANK OF N.Z.

THE DIRECTORS’ STATEMENT. PAYMENT OF DIVIDENDS. fPer Press Assodation— Copyrght.) WELLINGON, June 16. In the balance-sheet and profit md loss statement of the Bank o! New Zealand, the directors say that the profits are £615,463 9 S 7d. From this has to ne - deducted interest on guaranteed stock £21,199 8s lid, leaving a, balance of profit for the ye r o-f £534,270 Os Bd, to whd'ch has to be aciued £395,056 5 S 9d, balance brought forward from last year, making £989,326 6s 6d, from which has been -paid a dividend on preference A shares £50,000, interim dividend on C long term mortgage shares £7,031 5s Cd, interim dividend on D long term mortgage shares £17,578 2s 6d, interim dividend on preference B shares £39,062 10«, interim dividend on ordinary shares £234,375, a tc) tal of £348,060 17s od leaving available for disi'ibution £641,279 8s lid.

This the directors propose should be disposed of as follow's: —Dividend on C long term mortgage, at 6 per cent, per annum £7,031 5s Od, dividend on D long term mortgage shares . at 7.V per cent, per annum £17,578 2 S 6d, dividend on preference B shares, m Icing £123,437 10s for the year, £84,375, dividend a,t the rate of 5 per cent, o» ordinary 'shares making £421,875 for the year, equal to Hi per cent, £187,.500, leaving a balance to be canted forward of £344,795 Is sd.