COMMERCIAL.

New Zealand Times, Volume XXXIII, Issue 5502, 14 November 1878, Page 2

COMMERCIAL.

The following are the duties collected »t the Cuafconaa yesterday j— ■ £ s. rl. j£ s. d.

THE BANK OK NEW SOUTH WALES. ’ (Fromtlie Sydney Morning Herald, Nov. 2.) The half-yearly general meeting of the proprietors took place at the head offices, Goorge-atreet, on Thursday, Mr. Thomas "Walker presiding, when the following report was road and adopted The directors have the pleasure to submit to the proprietors a statement of the assets and liabilltes of the bank on the 30th ultimo, with the auditors’ report : and declaration. . The not profits for the half-year, after deducting ret bate on current bills, interest on deposits, providing for bad and doubtful debts, and reducing valuation of I bank premises, amount to .. .. £97,010 10 3 To which is to be added— Undivided balance from last half-year., 4,106 14 2 Giving for distribution .. £102.077 4 6 Which the directors recommend to be appropriated as follows: [ To payment of dividend ? at the rat© of 15 per cent, per ann. £75,000 0 0 1 Bonus at the rate of • 2J- per cent, per * annum.. .. 12,500 0 0 Augmentation of the ’ reserve fund .. 10,000 0 0 Balance carried to profitandloss, now account .. .. 1,577 1 5 t £102,077 4 C With the above appropriation the reserve fund will amount to £IOO.OOO. Branches of the bank have been established during p the past half-year at Taralga and Lismore in this colony ; at Port Douglas, in Queensland ; and at Gls- ' borne, in New Zealand, The Mount Perry and ’ Cairns branches in Queensland have, during the same ’ period, been closed. It will be the duty of this meeting to elect two directors in the room of Messrs. Thomas Buckland and Alexander Stuart, who are eligible for re-election. These gentlemen and Mr. William Richman Bidding-* ton, have given the required notice that they arc candidates. Auditors will also have to be elected in the room of Messrs. James Start Harrison and Kobert Campbell Close, who retire at this time, the latter being eligible for rc-elcctlon. The dividend will be payable at the head office tomorrow and at the branches on receipt of advice. Aggregate Balance-biiket of the Bank ©f New South Wales, September 30, 1878, (including London Branch to Juno 30, 1878. and New Zealand Branches to September 2, 1878). . Dr.

£> B. I. & s. a. Spirit* .* 211 1 2 Weight . 0 10 7 Wine .. .. 15 17 7 A.d valorem . SS 8 8 Tobacco .. Cl 14 0 Other duties . 128 1(5 10 Cigars .. Tea «. 24 2 ■ SI 10 0 0 Sugar .. 34 15 & Total . £678 « 8

To bank stock £1,000,000 0 0 Reserve fond 430,000 0 Notes in circulation .. .. 644,482 0 Bills payable ' .. .. i,7a5.3S6 Xo 10 Deposits and other liabilities .. 8,7 »4.C93 16 9 Profit and loss 123,071 17 - £12,702.639 10 0 Cr. By coin and cash balances .. . .£2,017,676 1 0 Bullion In band and in transit to London .. 217.407 12 Notes of other banks .. .. 0,171 0 Bank premises 292,050 8 0 Bills receivable, bills discounted, and other debts duo to tho bank 9,019,4;»5 17 5 Insurance account 7,278 12 0 £12,762.039 10 0 PROFIT Ab’D Loss, SEPTEMBER 30, 1873. Dr. 1878—September 30, To rebate (at current rates)on bills discounted not duo at this date .. £25,094 12 9 Dividend at the rate of 15 per cent. per annum .. .. .. 75,000 0 0 Bonus at tho rate of 2} per cent. per annum 12,500 0 Augmentation of the reseve fund.. 10,000 0 0 Balance carried to ** profit and loss,” new account.. .. 4,577 4 & £123.071 17 2 1378-March 31. Ct. By amount from last account, Seutember 30 £4,460 14 By balance of half-year’s profits after providing for bad and doubtful debts, and including recoveries from debts previously written off as bad 123,605 3 0 £128.071 17 2 Reserve Fund, September 30. Dr. 1878—September SO. To balance £460,000 0 1378—March 31. Cr. By balance £450,000 0 0 September 30. By amount from profit and loss * .. 10,000 0 £460.000 0 0 Messrs. Thomas Buckland and A. Stuart we re reelected directors : and Messrs. J. H. Neale and R. 7. Cl se elected auditors.