COMMERCIAL.

New Zealand Times, Volume XXXII, Issue 5199, 20 November 1877, Page 2

COMMERCIAL.

The following are the duties collected at the Customs yesterday:-

BY TELEGRAPH. AUCKLAND. Monday. Mr. Alexander Saunders reports: —Sales : Bank of New Zealand, £22 7s 6d : Union Insurance, 12s j Caledonian* 755: Moanataiari, 90s; Alburnia, 05s. Buyers: Loan and Investment, 45s ; Beach, 20s ; Knrunui, 14s Od : Thames, 80s. Sellers: South British, 75s ; Waitekauri, 6s ; Koyal Oak, Gs 2d. BANK OF NEW SOUTH WALES. The following is the fifty-fourth report of the directors of the Bank of New South Wales to the half-yearlv general meeting of the proprietors, held at the chief banking-house, on Wednesday, the 31st dav of October, 1877: — The 'Urcctors have the pleasure to submit to the proprietors a statement of the assets and liabilities of the nauk on the 30th ult., with the aud tors’ report and declaration. The net profits for the half-year, after deducting rebate on current bills, interest on deposits, providing for bad and doubtful debts, and reducing valuation of bank premises, amount to £97,873 8 10 To which is to be added Undivided balance from last year.. 3,451 10 10 Giving for distribution .. ..£101,325 5 8 Which the directors recommend to be appropriated as follows; To payment of dividend at the rate of 35 per cent, per annum .. £75,000 0 0 Bonus at the iateof ‘l\ per cent. per ."nmira.. .. . .. 12,500 0 0 Augmentation of the reserve fund 10,000 0 0 Balance carried to Profit and Loss new account 3,825 5 8 £101,325 5 8 Wit!: the above appropriation the reserve fund will amount to £140,000. Branches of the bank have been established during the pant half-year at Bourke, Wollongong, and Co-marnble. in New South Wales; at East Charlton, in Victoria; and at Adelaide, South Australia. The Uavens'vood branch in Queensland was closed during tIM same period. For and mi behalf of the Board of Directors, Thomas Walkicii, President. AIVJHWI VTK BALANCE-SHEET or the Bank of .Vbw .Souni Wales, Septeubrji 30, 1877 (Including London Branch to 30th June, 1877, and New Zealand Branch.s to 3rd September, 1877.) Dr. £ 8. d. To Bank stock 1,000,000 0 0 i:«.<ervc Fund 430,000 0 0 Note* in circulation •• •• 074,930 0 0 BUD payable 2.183,317 14 10 \ ’Cjmslts and other liabilities .. 8.306,5-40 13 0 Profit and loss 125,003 17 3 £12.780,452 5 1 Oft. £ 8. d. By cob? and cash balances .. .. 2,909,070 8 0 Bullion in hand ami In transit to London 223,504 9 3 O >v..TJinent securities .. .. 600,000 0 0 Note< of other banks .. .. 10,709 0 0: Bank premises .. .. .. 202,340 9 2 Bills receivable, bills discounted, and other debts due to t -e bank 8,803,922 13 11 Insurance account 10.245 4 9 £12,780,452 6 1 PROFIT AND Loss, SEPTEMBER 30, 1877, Du. Sept. 30. 1877. £ s. d. To rebate (a*, current rates) on bills discounted not due at this date 24,338 11 0 Dividend at the rate of 15 per cent, per annum .. .. 75,000.0 0 Bonus at the rate of 2J percent. per annum 12.500 0 0 Augmentation of the reserve fund 10,000 0 0 Balance carried to “Profit and Loss," new account .. .. 3,825 5 8 X*125,603 17 3 Ok. Ma-ch 31, 1877 £ s. d. By amount from last account .. 3,451 10 10 Sept. 30. 1877By ba mice of half-year’s profits after providing for bad and doubtful debts, and including recoveries from debts previously written off as bad .. .. .. 122,212 0 5 £125,003 17 3

Reserve Fund, September'3o, ls77. . Dr. Sept. 30, 1877 £ s. d. To balance .. . • .. •• 440,000 0 0 Cr. March 31,1877 £ s. d. By balance .. .. .. .. 430,000 0 0 Sept. 30,1877 By amount from profit and loss .. 10,000 0 0 £440,000 0 0 Audited, 30th October, 1877. James H. Neale.) A ,,, lUn „ J. S. Harrison, / Auditox3 -

Spirits Wine .. .. 131 3 10 .. 12 9 Tobacco .. 28 10 0 Cigars.. .. 20 14 1 Tea .. .. 10 i 4 0 Coffee.. .. 5 0 6 Sugar .. .. 07 2 8

Ale (bottled) 4 16 3 Ale (bulk) .. 1 0 0 Goods, weight 70 4 G Ad valorem .. 389 14 7 Other duties G 8 6 Total .. £870 8 3