BANK OF NEW SOUTH WALES.
The following is the fifty-eight report of the directors of the Bank of New South Wales to the half-yearly general meeting
of the proprietors, hold at the Chief Banking House, Sydney, on Friday, the 31st day of October, 1879 : —- £ s. d; The net profits for the halfyear, after deducting rebate on current bills, interest on deposits, providing for bail and doubtful debts, and reducing valuation of bank premises, amount to ... 96,121 6 9 To which is to be added — Undivided balance from last half-year ... ... 4,751 8 4 Given tor distribution £100,872 14 I Which the directors recommend to be appropriated as follows : To payment of dividend at the rate of 15 per cent, per annum ... ... 75,000 "0 0 Bonus at the rate of 24 per cent, per annum ..i ..; 12,500 0 0 Augmentation of the reserve fund 10,000 0 0 Balance carried to profit and loss new account .. ..; 3,372 14 1 £100,872 14 1
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Bibliographic details
Patea Mail, Volume V, Issue 479, 26 November 1879, Page 2
Word Count
159BANK OF NEW SOUTH WALES. Patea Mail, Volume V, Issue 479, 26 November 1879, Page 2
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