BANK OF NEW ZEALAND

Rotorua Morning Post, Volume 3, Issue 664, 17 October 1933, Page 4

BANK OF NEW ZEALAND

COMPLETED SEYENTY-TWO B YEARS OPERATIONS Ig ON FRIDAY g INTERESTING FIGURES ■ When the doors of the Bank of^jB Zealand closed as usual at 11.30 wM on Friday it completed 72 years eB business. The bank first opened doors at Auckland on October 1861, and hegan -business at its WB i'ngton hranch on January 15, 1^-^B This hranch has now become OBB roots and .trunk of the institution, J branches not only reaching all New Zealand, but to Sydney and^Bj bourne, Fiji and Samoa, and it has its London branch which occM ies a position facing the Bani.« England. Comparison of the lead* figures in the Bank of New ZeabjB when it had begun its business W those of this year make interesbw reading. They are as follows:— B

The bank's contrihution to tne ernment hy way of diwdends taxation amounts to ahout £65U|B' per annum. B, Ineidentally, the general mana™, of the Bank of New Zealand, ■' Henry Buckleton, will have cofflpf® ed at .the end of this year a FjBj. of 55 years' service with_ tbe tution, heginning as a boy in-tbe 7* ney hranch of the bank. B

1862 £ | Paid-up capital .... 108,785 6,858,1* Reserve fund 3,000 3,515, B Note circulation .. 62,914 4,338,* Bills payable- .... 6,288 3,52 , J Deposits 344,097 32,5 » Landed property 9,961 wA* Total assets 555,979 52,76 ,*