BANKING.
Till') following is tlic thirtieth report of the directors of the Dank of New Zealand, to the lialf-ycarly general meeting of the proprietors, held at Auckland on the 2ord October : 'l’ho net profit at 30th September, after ntaking very full appropriations for all dependencies considered had or doubtful, and for reduction of hank premises ami furniture accounts; amounts to £54;308 Ids 31. To which has to ho added— Premium on issue of 384 shares, reserved as per last report for non-residents, .£11)20 ; balance of undivided prbiit at 31st March, £6848 10s 8d ; giving a totrtl available for division of .£(/■!,U77 9s I Id. The following anpropiiation of which is now recommended —To payment of dividend at the rate of 10 per cent, per annum, .£35,000 ; to bonus of us per share, equal to 5 per cent, per annum, .£17.500 ; to interest reserved for Tiji Dank Shareholders, T 1,942 10s ; to hal nnee carrietl to profit and loss new account, ,£8,634 19s lid.
BALANCE SHEET TO SEPTEMBER .10. 1870, INCLUDING LONDON OFFICE TO JULY 31. Dr. L s, d. Bank stock - • - 700,000 0 0 Reserve fund ... 250,000 0 0 Notes in circulation - - 421,850 0 0 Bills payable in circulation 1,254,211 17 1 Deposits & other liabilities 5,003,050 15 11 Balance and profit and loss at list March, 1870 - G,148 10 8 Net profit for half year - 54,108 19 3 Premiums on new shares J 1,920 0 0 L7,(190,910 3 1 Cr. L s. d. Coin and cash balances - 1,214,170 1 7 Bullion on hand, and in transitu ... 310,080 4 3 Government securities - 172,000 0 0 Landed property, bank premises, furniture, &c. - 120,443 3 3 Bills receivable, and securities in London - - 1,197,075 10 9 Bills discounted and other debts due to the Bank 4,270,515 3 3 L 7,090,910 3 1 PROFIT AND LOSS ACCOUNT. L s, cl. To dividend at the rate of 10 per cent per annum 35,000 O 0 „ bonus of 5s per share - 17,500 0 0 „ interest reserved for Fiji Bank shareholders- - 1,942 10 0 „ balance carried to profit and loss ‘ new account’ 8,034 10 11 LG3,077 9 11 By balance of profit and loss at 30ih Sept.. 1870 54,308 19 3 „ premiums on new shares 1,920 0 0 ~ balance from last half year - - - 0,848 10 8 L 05,077 9 11 RESERVE FUND. To balance - L 250,000 0 0 By balance from last statement - - - - L 250,000 0 0
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Bibliographic details
Patea Mail, Volume II, Issue 164, 4 November 1876, Page 2
Word Count
399BANKING. Patea Mail, Volume II, Issue 164, 4 November 1876, Page 2
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