Page 3 Advertisements Column 1

Poverty Bay Standard, Volume I, Issue 240, 20 September 1884, Page 3

sufficient reserves for all doubtful dependencies. It will be observed by the balance-sheet that there has been during the half-year a very considerable increase in the volume of the bank’s business, which has naturally required increased vigilance and attention on the part of Mr. McMullen, the general manager, Mr. Palmer, the Chief officer in New Zealand, Mr. Mewburn, the manager in London, and the staff generally, both at home and abroad, to whom now, as on former occasions, the acknowledgement of the proprietors are most justly due. Robert Alexander Brooks, Esq., and Arthur Flower, Esq., are the directors who retire on this occasion, in accordance with the provisions of the deed of settlement, and offer themselves for re-election. Albert Deacon, Esq., and Robert Palmer Harding, Esq., the auditors of the company, also retire. Mr. Deacon offers himself for re-election, but Mr. Harding, having accepted an appointment under the Crown, doesjnot offer himself for reelection. The annexed balance-sheet presents a net amount of profits, including the balance brought forward, of £159,118 9s. 5d., out of which the sum of £lO,OOO has been transferred to the reserve funds, and the balance, viz., £149,118 9s. sd. is available for division. Of this, the dividend (and bonus will absorb £120,000, and leave £29,118 9s. sd. to be carried forward. The dividend warrants will|be;transmitted by post on 30th instant, and the dividend and bonus will be payable in the colonies |at such time as the general managerftshall fix after receipt of telegram. Balance Sheet, 29thJ February, 1884. Liabilities. Capital .. £4,500,000 Less- -Reserve Liability .. 3,000,000 Paid up .. £1,500,000 0 0 Reserve funds— Balance at 31st August 1883 .. £940,000 Amount transferred from this half-year’s profits •. 10,000 £950,000 0 0 Circulation .. .. 389,535 10 0 Deposits— Bills payable and other liabilities (including reserves held against doubtful debts) .. 1,826,002 18 0 Balance of undivided profits •. • • • • 149,118 9 5 £14,326,622 4 0 Assets. Specie on hand, and cash balances .. .. £1,754,982 18 4 Bullion on hand and in transitu .. • • 324,489 16 5 Money at call and short notice in London .. 172,000 0 0 Government securities .. 826,521 9 5 Bills receivable, loans, and other securities at London office .. 1,935,892 2 0 Bills discounted, bills receivable, loans, and other securities at the branches .. . • 8,995,954 0 0 Bank premises and property 316,781 17 10 £14,326,622 4 0 Statement of Profits. Balance of undivided profits at 31st August, 1883 .. .. £160,131 7 4 Out of which a dividend and bonus were declared of .. 135,000 0 0 Leaving a balance of .. £25,131 7 4 Profits of the past half-year, after making provision for all bad and doubtful debts £214,410 3 9 Less— Remuneration to the local directors and salaries and allowances to the colonial staff—£47,7os 9 10 General expenses in the colonies, including rent, taxes, stationery, &c.— £17,833 2 10 Remuneration to the board of directors and auditors, salaries of London office staff, xent,taxes, stationery, and general expenses £12,300 17 4 Income-tax—-£2,sB3 11 8 80,423 1 8 133,987 2 1 £159,118 9 5 Deduct— Amount transferred to reserve funds .. • • . • • • 10,000 0 0 Balance of undivided profitstat this date .. .. - - £149,118 9 5 Statement of Reserve Funds. New Zealand Imperial Four per Cent Debentures £200,000 Canada Imperial Four per Cent. Debentures .. .. .. 150,000 Colonial Government debentures 150,000 £500,000 Bank premises and property £316,781 17 10 Balance of re-

serve funds not specially invested .. 133,218 22 450,000 Total reserve funds .. .. £950,000 London, July 16, 1884. Arthub Floweb, ) J B Braun.-S.nra, Directors . W. O. Gilchrist, Charles Parbury, ) W. R. Mewburn, Manager. R. Buckler, Accountant. “We certify that the various securities held in London have been produced to us, and that we have examined the balance-books of the several branches in the colonies for the six months ended 29th February, 1884, and the books and accounts of the London office for the same period, and having compared the combined results with the above balancesheet, have found the same correct. “R. P. Harding, I Aua ito r3 .” “Albert Deacon, )

499 Amusements. pABNELL AND BOYLAN’S HALL. ANNOUNCEMENT EXTRAORDINARY. In consequence of the steamer not being able to land the scenery, the Marionette Company will not open till MONDAY, the 22nd SEPTEMBER. WEBB’S MARIONETTES! This Entertainment, which has earned such a high reputation throughout Europe America, India, and Australia, is represented solely by these CELEBRATED FANTOCHES MARIONETTES. Mr. Webb has been to great expense in producing this Entirely New Entertainment, each Figure being a work of art itself ; the Costumes and Scenery being by the most celebrated artists in London, Paris, and Berlin. Admission—Front Seats, Is. ; Second, 35.; Gallery, 2s. ROBERT LOVE, Acting Manager. BARRY O’NEIL, 504 Agent.