NATIONAL RANK OF NEW ZEALAND, LTD.

Manawatu Standard, Volume LVII, Issue 181, 2 July 1937, Page 8

NATIONAL RANK OF NEW ZEALAND, LTD.

The general manager of tlie National Bank of New Zealand, Ltd., announces payment- on July 3 of a final dividend at the rate of 4 per cent., per annum, free of tax, for the half-year ended March 31 last. The above dividend will be payable in New Zealand, at any branch of (he National Bank of New Zealand, Ltd., at current rate of exchange for demand drafts on London on the date of negotiation. As an interim dividend at the rate, of 4 per cent, per annum froo of tax was paid in January last, ttin total dividend for the year is 4 per’ cent., which with the exchange added will give' the shareholder in New Zealand a return of £4 13s lOd jicr cent, for the ' C, J'liis bank shows its capital and reserve as under: —Subscribed capital, £6,000,000: paid-up capital. £2,000.000; reserve fund (invested in Government securities). £l, 000,000; currency reserve (invested ,in Government securities). £500,000: reserve liability of shareholders. £6.000.000; £9.500.000. In addition there are undivided profits carried forward of £112,797. In the balance-sheet, liquid assets stand at, £6,840,000 which are equivalent to 45 per cent., or 9s in £, of total liabilities to the public and for every £1 of its own funds the bank is holding £4 4s 4d of (lie public's money. <