COMMERCIAL.

Nelson Evening Mail, Volume X, Issue 291, 2 November 1875, Page 2

COMMERCIAL.

Mr H. J. L. Augarde reports the ialo of Colonial Bank eiiarjs at 27s per share ; also, 150 acres of land ia the Awatere, Section 60, lor £100) Piatoa saoSlga booght Ja, Bwlu?n done Uus da/. *

Twentr-Eighth Report of the Directors of the Bank of New Zeal nd, to the halfyearly Geuernl Me. ting of the Proprfrtors, held at the Hankie: Hous*. Auckland, on Tueadav, ! 26th October, 1875. The Directors have much satiaftc'ion in -again meeting Shareholders with » Report 'and Balance Sheet, which afford continued evidence of the Bank's pro p'eritt : — The net profit at -3CHh- September, after ample provision for eve»y debt cons Were I ba i or doubtful, and for reduction of Bank Premises and Furniture Accouots, amount* to £47, 03 2s Id; t > which hato b? adJe,l— bal .nee of un iivided pr fit at the 3 1st March last, £16 974 Us Id; making a total nrailable for division of £64,077 13s 2d. Tlie followi g apnrop.ia.imof which is now recomiuende.l — .To payment of dividend at the rate of 10 per cent per annum. £30,000; bonus of 5s perßhare, cquU io 5 per cent per annum, £15,000; balance crrie! to profit and Jobs, *Zw™& £l9 ' m 139 2d; total ' Aggregate Balance Sheet of the B*nk of»EW Zealand, at September 30, 1875, Including tendon Office, at July 31, 1875.

Pbofit and Loss Account. Dk £ a. d. To dividend at the r.te of 10 per cent per annum ... 30,000 0 0 To bonus of 5s per share, equal to 5 per cent 15 000 0 0 To baUnc^ cirriel to p-oflt & Loss " New Acoount " ... 19,07 13 2 £64,077 13 2 Ca. £ Sm j By balance of p-ofp. and loss at 3lat March, 1875 ... 16,974 il I By net profit for half year, after writing off bid debts 47/03 3 1 <£6_,077 13 2 Reserve Fond. I)e. £ g J To Balance 180,000 0 0 Cr By Balance from last st-te-meut £180,000 0 0 Audited— t " C. J. TAYLOR. ) . ... P. DIGNAN. ) Aaditora.

Coin and caah balances ... 654119 oil Bullion on hand, and in transitu 287,808 12 4 Government Secaritiei ... 350,000 0 0 Landed Property, Bank Premises, Furniture &c. 107,229 7 0 Bills receivable and securities i/i London 1,787.300 15 4 Bills discounted and rther debta due to tha Bank ... 6,568 563 14 1 .£8,755,02 L 10 6

Dk. £ 8( i Bank Stock 600,000 0 o Reserve Fund 180,000 0 o Notts ia circu'atioa ... 420,170 0 0 Bills payable ia circulation 1,730 028 9 11 Deposits & othor liabilities 5,760,745 7 5 Balance of profit and loss at M«chß». 1875 ... . 6i 974 11 1 Net profit for half ye-r ... 47,103 2 1 £8,755,021 10 6