BANK OF NEW ZEALAND

South Canterbury Times, Issue 2214, 22 April 1880, Page 2

BANK OF NEW ZEALAND

PH' Tjif-KtrlUl’ff.] Alh'lvl.axi), April 22, The thirty-seventh half-yearly meeting of (1.0 Bank of Ni;\r Zealand was held to-day at noon. Tlio Directors report as follows ; —The net prolit to March ill, after duly providing for all bad or doubtful dependencies, and for the ususual reductions in Funk premiums and furniture accounts, amounts to £74,101 17s -Id, to which has been added the premium obtained on the sale of the balance of new shares £ 17,IDiJ, aiul the balance from the half year ending September .40, 1870, ib,Botj Os od, making a total available for dividend of £O7, LSbOsOd, which is now recommended to be appropriated as follows : —Payment of dj’vfdefjds at (he rate of IQ per cent per annum, £SQ,’OOQ ; l>«>n»s' of os per share,' equal to b per cent per annum, .£•20,000 ; balance carried' to prolit'and loss of new account, ,£22,185 os Od ; total, ,£‘17,185 ;}s IKJ ; the dividend ai|d bonus Ad ’ lie payable <jt pic he.a.l b(l[ec, Auckland, on .‘Satnrda.y,April 24, aipl at the branches oij recejpt of advice. The f)gg|'cga(e balance sheet sl|owcil —Liabilities. £) 1 ,j.j vybjcli are deposits ami oilier liabilities ; bills payable in circulation £1,(127,451 ; assets coin and cash balances at bankers, £2,114,007 ; money on short call at

London, Ttwd,4dt! ; calls receivable and securities in London, £ I,O>S 1,4b0 ; bills discounted and other debts due to the Bank,’ "£ Tlie repdrt'ahd balance sheet were adopted. The chairman ‘intimated that the directors wpj.ild apply to Ihudiament ne>;fc scs’siqu for legislation to solyc a)l dop!)ts op the alterations pjadp }n jdjp deed of settlement, at the former general meeting by the words “ elsewhere in the British. Pomiuions.”