SECOND EDITION THE COLONIAL BANK.
TBy Tklkoeaph.j
Dunedin, Jan. 19. The report of the Colonial Bank of
New Zealand for the half year sayfc the net profit for the term is £17,593, or 1 with balance from last half year, £19,990. From this has to be deducted ' £2051, tax on note circulation and property tax, leaving available for, distribution £17,939. The Directors recommend a dividend of 7 per cent per
annum, to carry £IOOO to the reserye ... fund, raising it to £31,000 and to leave ;il * balance to be carried forward of £2939. Branches of the Bank have been opened during the half-year at Cambridge and Timaru. Mr A. W. Morris retires from the Board at this meeting in accordance with the deed of settlement, and is ' not eligible for re-election until the next annual general meeting. Mr , George; Gray Russell is the only candidate for the yacant seat.
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South Canterbury Times, Issue 2753, 19 January 1882, Page 3
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149SECOND EDITION THE COLONIAL BANK. South Canterbury Times, Issue 2753, 19 January 1882, Page 3
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