<B_i_i mi i _ m -jga TWENTY-SEpENTH REPORT of the jDireetoi s of THE BANK (IF NEW ZEALAND, to tlie Haif-yelirly General Meeting of the Proprittors, hell at the Banking House, Auckland, on Thurlday, April 29, 1875. The Directors are enabled again to meet Shareholders with I a Report and Balance Sheet which cannotjfail to be satisfactory. The Net Pr. fit at 3 st March, after making very full allowance for all bad an 1 doubtful dependencies, am .towards reduction of Banl Premises and Furniture Accounts, amounts to.. £48,058 4 10 T« which has to be tdded-:— Balance of undivided Profit at 30th September, 1874 £13,916 6 3 Making a total (available s for Division of I £61,974 11 1 The following appropriation of which is now recom- >^ mended:-— J \ / To payment of I s Dividend at 1 / the rate of I / \ 10 per cent Jy/ \ per annum £30,0(10> / 0 0 To bonus of 5/ I per share, I equal to 5 per ! cent per au, £15,000 0 0 To balance I . carriei to I Profit & Loss new Account £16. 974 11 1 J £61,974 11 1 The Dividend and I onus will be p-.yable at Head Office, Auckl mrf, To-morrow (Friday"), the 30th April, a ad at the Branches on recdpt of advice. For the Board of I )irectors, Jami s Williamson, Chairman. Aggkegate Balance Sheet of the Bank , of Neav Zealand, at 3lst March, 1875, | including Laadon 0 Bee to December 31st, 3874. Dr. £ s . d. Bsnk Stock ..T^L ... 600,000 o 0 Reserve Fund ... 180,000 0 0 Notts in Circulation 1 468,420 0 0 Bills Payable in CirculatioEn^L4so,36B 0 6 Deposits & other Liabißtie* 17 15 3 j Balance of Profit and 4o : s, at 30th September, 1874 13^6 6 3 Net Profit for Half-yefcr 48,0ffi^4 10 j £6,644,880610^Ce. I £ s. d. Coin and Cash Balanc s ... 507,403 011 Bullion on hand ai d in transitu ?56 664 12 10 Government Securitie ... 300,000 0 0 Landed Pjoperty, Jank Premiss?, and Furn; iure 102,620 1 3 Bi 1b Receivable and S< curities in London 1,477,029 8 6 Bills Discounted, and fther Debts due to tbe Batik 4,001,163 3 4 I £6.644,880 610 PitOFIT AND BOSS ACCOUNT. De - I ! £ s. d. To dividend at the ratel of 10 per cent per annum | ... 30,000 0 0 To Bonus of 5s perlshate, equal to 5 per cent \ ... 15,000 0 0 To Balance carried to profit and Loss, " New Account" 16,974 11 l I £6!,974 11 1 C«- I £ e. d By Balance of Profit an J Loss at 30;h September, 1 814 ... 13,916 6 3 By Net ProfiD for Ha'flyear, after writing off bad Dfebts 48,058 410 I £61,974 II 1 RESEIIVE irjND. m -P* m I £ S. d. To Baance 1... 180,000 o o I £180,000 0 0 Ck. I £ s d By Balance from last Staiement 1.. 180,000 o o I £180,000 To Au^ifA.l i P - / Auditedj CHAf J. TAYLOR. 1242—1 yf\ J M R k) V /£ A T T Of N, ■*• I /dentist, Resident nearly 17 years,>«r»v be consulted daily/^ 3025 MR. , R y W S /pbN^ DEMIST, \ \/ Mabten's Ho%|e^/ext to Dr. Williams' Mr. Kawson's intends shortly tpyfeturn to Wellington. / 500 PRSjBf PROVINCIAL SCHOOLS totred to send in all future App i--13OOK8 and Scßool-materi 1 at of the JUNE arid DECEMBER W. C. HWDGSON, Secretary to the Central Board of 1255 — 6 Education.
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Bibliographic details
Nelson Evening Mail, Volume X, Issue 109, 7 May 1875, Page 2
Word Count
562Page 2 Advertisements Column 2 Nelson Evening Mail, Volume X, Issue 109, 7 May 1875, Page 2
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