BANK OF NEW ZEALAND.
(PER PRESS ASSOCIATION.) AUCKLAND, This day,. The half-j'early meeting of the Bank of N.Z. was held to-day. Net profit for halfyear ended 31st March amounts to £89,525 18s fid. The balance from last half-year is £91,925 9s lid ; total available for division, £99,451 Bs, which it is proposed to appropriate as follows: Payment of a dividend at the rate of 10 per cent, per annum, £50,000 ; bonus, 5s per share, equal to 5 per cent, per annum, £25,000 ; balance to profit and loss, new account, £24,451 Bs. ...... The Chairman, the Hon. JrWilliaraeon, in moving the adoption of the report, predicted , that money: would, be easier thbugli much could hot be expected the coming six months. He predicted that the frozen meat trade would increase the value of improved land, and lead to settlement of waste lands.
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Bibliographic details
Patea Mail, Volume VIII, Issue 1024, 20 April 1883, Page 3
Word Count
140BANK OF NEW ZEALAND. Patea Mail, Volume VIII, Issue 1024, 20 April 1883, Page 3
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