COMMERCIAL.

New Zealand Times, Volume XXXIII, Issue 5345, 15 May 1878, Page 2

COMMERCIAL.

The following ate the duties collected at the'Cus-

BANK OF NEW SOUTH WALES, f irxY-riFiir Retort of tub Directors of the Bank of New South Wales to the HalfYearly General Meeting of the Proprietors, HELD AT THE CHIEF BANKING HOUSE, Sydney, on Tuesday, tub 30ih Day. of AntlL. 1878. Tbo Directors have the pleasure to submit to the Proprietors a Statement of the Assets and Liabilities of the Bank on the Slst ultimo, with the Auditors’ Eeport and Declaration. Tha net profile for the Half-year, after deductingrebate on current bills, interest on deposl s. providing for bad and doubtful debts, and reducing valuation of Bank promises, amount . to .. - -- £03,141 S 0 'I o which la added Undivided balance from last half-year 3,823 5 8 Giving for distribution .. ..£101,066 14 2 Whloh the Directors recommend tube appropriated as follows: To payment of dividend at the rate of 15 per cent per annum £76,000 0 0 Benue at the rate of 2J per esnt per annum 12,500 0 0 Augmentation of the reserve fund ~ .- 10,000 0 0Balance carried to "proond loss,” new account .. .. 4,460 14 2 With the above appropriation the Reserve Fund will amount to £450,000 Branches of the Bank have been established during the past half-year at fßieanbeyan and Cambelltown, in this colony, and at Now Plymouth (Tar inakl), in Nev/Zealand. It will bo the duty of this mooting to elect two Directors in the room of the Hon. George Allen, Esq., deceased, and Mr. James Mllsoh, resigned. Sir George IV'lgram Allen, M.L,A„ mi Mr. Vi'iHiim

Laldley. duly qualified proprietors. ate candidate! for election, and liave given the requlelte notice. The dividend will be payable at the Head Office tomorrow, and at the Branches on receipt of advice. - : For and on behalf of the Directors. Thomas Walker, President. Aggregate Balance Sbb-t of the Bank or New , South Wales. March 31, 1878. L 7 ', u , London Branch to Slst December. 1877, and New Zealand Branches to 4th March, 1878). T,- e. d-

Audited, 20th April. 1878. Hc. CLOSE ' } Auditors ’ BY TELEGRAPH. AUCKLAND SHARE MARKET. (rilOM OUR OWN CORRESPONDENT.) AUCKLAND, Tuesday. Mr Alexander Saunders reports as follows:—Bayers: Colonial Bank, 52s 6:1; National Bank, 75s 6d: Auckland Gas Company, ±lO 7s 6d; Bank of New Zealand, £23 fis: Albuinia, 525; Kurunui, 14s; Corby. 27s 6d; Prince Imperial, 12s. Sellers: Auckland Gas Company, £lO 10a: South British, 72s 6d. .

toms yesterday” ‘ R B. d. £ s. d. Spirits.. ..HI *10 Goods by wgt.. 23 18 0 Wine .. .. 24 19 3 Acl valorem .. S3 0 0 Tobacco ♦. 07 12 6 Tea •• 18 0 0 Sugar .... 908 Total .. 370 17 0

Dr. To Hank stock \’ote* in circulation Bills payable Deposits and other labilities Profit and loss .. .. £ *. 1,000.00 1 o 440 neo 0 7 ;k.7ID 0 •‘2.007.740 6 8,700.831 18 1-29 058 8 0 0 0 6 8 0 £13.023,05)4 S 2 Cr. Ry c iln and cash bahmcos .• •• Bullion in baud and la transit lc Government securities Notes of other banks .. Bank promises .. • • . v Bills receivable, bills discounted, and other debts duo to the bank. • Insurance account 6 s. d. 2,610.402 14 0 175.017 C 8 500,000 0 0 14.672 0 O 275,044 2 2 9,430.844 16 11 6.353 2 11 £13,023,094 3 2 PROFIT AND LOfcS, STARCH Dr. 1378.—March 31.—To rebate (at current rates) on bills discounted not due at this date Dividend at the rate of 15 per cent. per annum •• Bonus at the rate of 2£ per cent per annum. •* •• Augmentation of the Reserve Fund.. Balance carried to “ profit and loss," non - account 81, 1878. £ B. d. 27,CS0 8 10 76.000 0 0 12.500 0 0 10.000 0 9 4,406 14 2 £129,653 8 0 1877. 30.—By amount from last account 1878. -March 31,—Balance of halfyear's profits for bad and doubt* f ul debts, and Including recoveries from debts previously written off ns bad.. ,. £ «. 3,825 6 125,827 17 d. 8 4 £129,063 3 0 EESEBVE FOND,' MAEOH 31. 1878. Dr. £ 1878.—March 31.—To balance .. 460,000 8. 0 d 0 £450,000 b 0 Cr. 1877. Sept. 30.—By balance 1878. -March 81.—Amount from Profit and Loss £ 440,000 10,000 6 0 d, 0 0 £450,000 0 0