COMMERCIAL INTELLIGENCE.

Poverty Bay Standard, Volume I, Issue 50, 7 May 1873, Page 2

COMMERCIAL INTELLIGENCE.

BANK OF NEW ZEALAND. The following is the twenty-third report of the Directors of the Bank of New Zealand to the half-yearly general meeting of the proprietors held at the Banking-house, Auckland, on Thursday, 24th April, 1873 : — The operations of the past half-year enable - the Directors to lay the following result before the Shareholders , • - - . - The net profit on the 31st March, after making full provision for all debts known to be bad or doubtful, and for usual appropriations in reduction of Bank premises and furniture accounts, amounts to £37,293 18s 6d ; to which lias to be added balance of undivided profit at the 30th September, 1872, £8,860 5s ; making a total available for division of £46,154 3s 6d ; the following appropriation of which is now recommended : —To payment of dividend at the rate of 10 per cent per annum, £30,000; to bonus of 2s 6d per share, equal to 2 j per cent per annum, £7,500; balance carried to profit and loss new account, £8,654, 3s 6d; total, £46,1*4 3s 6d. The Dividend and Bonus will be payable at the Head Oilice, Auckland, to-morrow, Friday, the 25th April, and at the Branches on receipt of the same. . - ■I ; >/. For the Board of Directors, — Thomas Russell-, President. Aggregate Balance Sheet of the Bank of New Zealand, at the 31st March, 1873, including London Office Balances at the 31st December, 1872. . .

Dr. - ' l ’ ; s. d. Bank Stock 600,000 0 0 Resene Fund 1180,000 0 0 Notes in cireulation 357,257 0 SO Bills in circulation 1,132,096 16 2 Deposits and other liabilities b,135,994 17 5

Balance of Profit and Ixws * Account at 30th September, 1872 8,860 5 0 Net Profit for half-year ... 37,293 18 6 £3,451,502 17 1 Cr. & a. d. foin and Cash Balances ... 678,411 7 8 Bullion in hand and in transitu 495,668 15 0 Government Securities 347,528 14 3 Noles and Bills of other x Banks 4,074 14 10 Landed Property . 23,196 8 4 Bunk Premises, Furniture, and Stationery ...• 72,216 3 5’ Insurance Account 2,708 4 1 Bills Receivable, Bills Biscounted, . and other Debts due to the Bank 3,827,608 9 6 £5,451,502 17 1 PROFIT AND LOSS ACCOUNT. £ s. d. To Dividend at the rate of 10 per eent per annum 30,000 0 0 To Bonus of 2s 6d per share, equal to 21 per cent per annum 7,500 0 0 To Balance carried to Profit add Loss “ New Account ” 8,654 3 6 » 3 £46,154 3 6 £ s. d. By Balance of Profit at 30th September, 1872 8,860 5 0 . To Net profit for half-year after writing off bad debts ..... 37,293 18 6 £46,154 3 6 RESERVE FJTND. £ s. d. To Balance i Lt 180,000 0 0 £180,000 0 0 £ s. d. By Balance from last statement..... 180,000 0 0 £180,000 0 0 W. I. TAYLOR. Audited . G B OWEN