TENTH REPORT

Southland Times, Issue 592, 16 November 1866, Page 2

TENTH REPORT

Ob thb Dhuectobs of the Bask op New Zejllaitd, to the Hau-Yeabxt Geitbbai, Mbbtgtg of tse Pbopstetoes, held at thb BA>*Ki>~ff House, Afcela>t>, ox Wednesday, the 31st day op Octobeb, 1866. The Directors have to report that after another successful half-year's operations, the net profits as at 30th September, after providing for all dependencies supposed to be either bad or doubtful, and making a liberal replacement on Bank Premises and Furniture Accounts, amount to £53,307 Os od; to which has to be added—Balance of Profit undivided at 31st March, £2760 1b 4d; leaving available for division, £56,067 1 4d, which the Directors recommend to be appropriated to payment of dividend at the rate of 10 per cent, per annum, £25,000 ; Bonus of 73 per share, equal to 7 per cent, per j annum, £17,500 ; addition to reserre fond, which is now at its maximum of £15,000, £7000; balance to profit and loss new account, £6567 1§ 9d : total, £56,067 Is 9d. The dividend and bonus will be payable at head office to-morrow, the Ist November, and at the branches on receipt of advice. It devolves upon the shareholders now to elect two directors to fill vacancies. Messrs W. C. Wilson and Thomas Russell have given the required notice, and are eligible for election. I"or the Board of Directors, JAMES "WILLIAMSON, President. As&be&aib Baxakce Sheet op the Bask cp New Zeaiasd, at 29ts September, 1866, isclxtdtsq thb 103td03" office balance, ai 30te JUSE, 1866.

Bank Premises, S*UmltUM ftttd Statlonory , 69,670 10 11 Notes and Bills of other Banka 2909 17 10 Ineuraaoo Aooount , 4687 8 2 Bills Reoeivable, Bills Dis« counted, and other debte due to the Bank 2,855,69112 1 £8,446,635 5 10 TBOriT AND lOSB ACOOT7SI. £ «. d. To Dividend at the r ato of 10 per cent, per annum 25,000 0 0 „ Bonus of 7s por share, equal to 7 per .ent 17,500 0 0 „ Increase of Reserve Fund.... 7000 0 0 „ Balance carried to Profit and Loss New Account 6567 1 9 £56,057 1 9 BESKBTB STOJ>. £ B. d, To Balance 150,000 0 0 £150,000 0 0 £ s. d. By Balance from last state* ment 143,000 0 0 „ Amount transferred from profits of ptrat half-year 7000 0 0 £150,000 0 0 Audited — HENRY WALTON. R. WATERSTON.

3>r. £ i. d Bank Stock 500,000 0 0 Eeserve Fund 143,000 0 0 Sbtes in circulation 311,471 0 0 Bills in circulation 938,663 6 4 Deposits and other liabilities 1,497,333 17 9 Balance of Profit and Loss Account at 31st March last „ 2760 1 4 KetProfit for half year 53,307 0 5 £3,446,535 5 10 Cr- £ ■. d. Coin held in the Colony, and Cash Balances at 'London teeakere 650,614 15 1 BaTJina on hand and in tran--5ifca.,,........,^,... 203,103 13 3 Gorernzsent Secaritia* 250,000 0 0 lasded Property „ 19,857 8 6