BANK OF NEW ZEALAND.

North Otago Times, Volume 1881, Issue XXVI, 7 May 1878, Page 2

BANK OF NEW ZEALAND.

Tho thirty-third half-yearly mooting of thin Ihnk was hold at the Buiking-houso, Queen street, Auckland, on the 25th April, when tlio fJeneral Munaqor read the following report s — Tho Directors have much pleasure in again niputing tho shareholders with a favorable report, which affords ovidonco of continued progress and succoas :—: — Tho not profit at 31st March, after making amplo appropriation for all bad or douhtfuldopondonoicfl, and for reduction of Bank prcmisfoa and furniture amounts to v£82,567v £82,567 10 4 To which haa boon added— Balance of undivided profit at 30th Soptembcr, 1877... £1,790 4 6 Making a total availablo for division of £84,358 3 9 The follnwirg appropriation of which is now recommended — To payment of dividend at tho rato of 10 per cent. per annum ..£36,250 0 0 To bonus of 5a per share, equal to 5 percont. par annum ...£18,125 0 0 Toproposod increase to reserve fund ..£25,000 0 0 To balance car- ' ried to profit ,' and loss now account ... £4,983 3 9 £84,354 3 9, Tho dividend and bonus will be payable at, the head office, Auckland, on Friday, tho 26th April, and at fchd brandies on receipt of advice. For tho Board of Directors. J. Looak Campbell, President.