BANK OF NEW ZEALAND.

Southland Times, Issue 1819, 18 November 1873, Page 2

BANK OF NEW ZEALAND.

The following is the twenty-fourth report of the Directors of the Bank or New Z -aland, to the half-yearly general meeting of the proprietors, held at the Banking House, Auckland, on Wednesday, October 22 : — The Directors have much satisfaction in anJesuit of the. past half-year's operations}, which* notwithstanding tho increased competition, Bid the maintenance of low rates during the whole period, justifies them in recommending tho usual appropriation for dividend. The net profit at 30th September, after making full allowances for all debts known to be bad or doubtful, and for the usual reduction of bank premises and furniture account,

amounts to £37,737 17 3 To -which has to be added — Balance of undivided profit at 8 1st March, 1873 8,65 1 3 6 Mating a total available for division of £46.392 0 9 The following appropriation of which is now recommended — To payment of dividend at the rate of 10 per cent per annum £30,000 0 0 To bonus of 2s 6d per share, equal ti 2£ per cant per an a urn 7,500 0 0 To balance carried to profit and loes " new account" ... 8,892 0 9 £46,392 0 9 The dividend and bonus will be payable at Head Office, Auckland, on Friday, the 24th October, and at the branches on receipt of adv cc. For the Board of Directors, C. J. Stone, Chairman. Aggregate Balance Sheet of the Bank op New Zealand, At 30th September, 1873, incJuding London Office Balances at 30th June, 1873. Dr. £ s. d. Bank stock 600,000 0 0 Eeeerve fund ... ... ... 180,000 O 0 Notes in circulation ... ... 375,169 0 0 Bills in circulation 1,351,755 10 5 Deposits and other liabilities... 3,183,531 1 4 Balance of profit and loss account at 31st March, 1873... 8,654 3 6 Net profit for half-year ... 37,737 17 3 £5,736,847 12 6 Cr. £ B . d. Coin and cash balances ... 509,809 0 9 Bullion on hand and in transitu 726,348 9 3 Government Securities ... 150,000 0 0 Notes and Bills of other Banks 5,811 4 10 Landed property 23,9&7 8 4 Bank premises, furniture, and stationery 70,730 7 4 Insurance account ... ... 1,966 11 4 Sills receivable, bills discounted, and other debts due to the Bank 4,248,194 10 8 £5,73fi,847 12 6 Peofit and Loss Account. Pr. £ s. d. To dividend at the rate of 10 per cent, per annum ... 30,000 0 0 To bonus of 2s 6J per share, equal, to 2J per cent, per -annum ... 7,500 0 0 To bulance carried to profit and loss " new account" ... 8,892 0 9 £46 392 0 9 Cr. £ 8 . d. By balance of profit at 31st March, 1873... ... ... 8,654 3 6 By net profit for half-year, after writing off bad debts ... 37,737 17 3 £46,392 0 9 Rbsebvb Fund. Dp. £ s. d. To balance 180,000 0 0 £180,000 0 0 Cr. £ s. d. By balance from last statement 180,000 0 0 £180,000 0 0 A *Ai* A (W.I TATtOB. Audited [ a .g. OwEN .