BANK OF NEW ZEALAND.

Nelson Evening Mail, Volume XIII, Issue 260, 9 November 1878, Page 2

BANK OF NEW ZEALAND.

The ordinary half-yearly meeting of the proprietors was held yesterday, ia the Bank Builldiags, Queen-street, — Dr. Campbell in the chair. The General Manager (Mr. D. L. Murdoch) read the advertisement convening the meeting, the minutes of the previous half-yearly meeting, and of the special meeting held afterwards on the same day ; also, the report aud balancesheet as follows : — Thirty-fourth R port of the Directors of the Bank of New Zealand, to the ;Halfyeirly Geneial Meeting of the Proprietors, htli at the Baoking-House, AucklanJ, on Tueidav, 29th October, 1878. The Lir. ctors have again to congratulate Shareholders on tha favorable result of auothc-r Half-year'a operations.

The dividend snl bonui will be payable at the Head Office, Auckland, on Thursday, the 31st October, and at the branches on leceipt of advice. For the Board of Directors, J. Logan Campbell, President. Aggregate Balance-sheet of the Bank of New Zealand, at 30th September, 1878, including London Office, at Slst July, 1878 :—

Dr. £ a. 5, Bank Stock 725,000 0 0 Reserve Fund 325,000 0 0 Notes in circulation 484,856 0 0 Bills payable in circulation 1,795,108 3 1 Deposits and other liabilities 8,136,147 15 8 Balance of profit and lots at March 31, 1878 4,983 3 9 Net profit for naif-year ... 83 280 5 3 .£11,554,375 7 7 Cr. Coin and cash balances ... 857,085 6 0 Bullion on band and in transit!! — ... ... ... 315,463 3 0 Government securities ... 589,965 6 1 Bills receivable, and securities ia London 1,505,103 1 8 Landed pioperty, Bank premises, furniture, etc. 133,861 15 9 Bills discounted, and other debts due to the Bank .„ 8,172 896 15 1 £ 1 1,554 375 7 7 PBOFIT AND LOBS ACCOUNT. -Dr. £ S . d. To Dividend at the rate of 10 percent per annum... 36,250 0 0 To bonus of ss. per share 1V25 0 0 To propo ei increase to referve fuu<* 25,000 0 0 To balance carried to profit and lots " new account " 8,888 9 0 £88,263 9 0 Cr. By balance of profit and loss at 30th tSepttmter, 1878.. „. 33,280 5 3 By balance from last halfyea?.., 4,983 3 9 £88,293 9 0 BEBEftVE EOSD. Dr. £ 8. d. To bilanca ... 350,000 0 0 £350,0U0 0 0 Cr. By b» Ja nee from last statement ... , 3'25,000 o o By proposed aidiiion ... 25,000 o 0 £350,000 0 0 Audited, I B. Tones / Auaitoiß, (See Supplement.) j

The net profit at 30th Sep- £ s. d. tembtr, after making very full appropriation lor all bad and doult'ul dependencies, and in reduction of Bank premises and furniture, amounts to ... ... 83,280 5 8 To which has to be added— Balance of undivided profit at 31 st March, 1878 , ... 4,98* 3 9 Making a total available for division of £88,263 9 0 The Wowing appropriation which is uow recommended— Topaymentof £ s. d. dividend at the rate of 10 per cent per annum ... 86,250 0 0 To bonus of 5s per share eqn&l to 5 per cent, per annum ... 18,125 0 0 To proposed increase toreserve fund ... 35,000 0 0 To balance carried to profit; & loss ne«r account 8,888 9 0 £88.263 9 0