BANK OF NEW ZEALAND.

Southland Times, Issue 18853, 19 June 1920, Page 4

BANK OF NEW ZEALAND.

LIABILITIES. CAPITA!.— £ *• d ; 4% Guaranteed Stock •»- 529.988 10 6 “A -- Preference Shares, fully mill issued to the New Zealand Government ... *>oo,ooo 0 0 “XV Preference Shares, fully paid, issued to the New Zealand Government -n0,003 0 0 Ordinary Shan's. 150.000 at £6 : 13 : 4 up to £3 :6 : 8 per .'bare ... 500,00*5 0 0 Call of £3 : 6 ; S per «hiro payable Ist April, 1929Aui.miU pa-d in advance ... 3*,.4.>3 bo New Ordinary shares 7-3,00.) al £6 :!3 ;4 fully paid ... 509,000 0 0 2,627,441 17 2 Reserve Fund 2,350.000 0 0 Notes in Circulation 5.765..!3, 19 0 Deposits 57.6 '1.610 15 C Bills Payable and othsr Li.v--btlilies iiiu-ludiug provision for doubtful debts and for depravin'ion m Investment Seen ritics, also contingencies) 3.705.50:> Oil I',-serve for Tares 340.090 0 0 Balance of Prudi and Loss ... 460.270 2 3 ■f5.2U12.965 5 10 PROFIT A I'.ivM.eid !!-„ the rate of 4 % on £5 ,iti«A' “A” Preterenre ...her,., issued to the New .eaJanil Government in i -rnM oi tiie -l Bank of N.-w "."land Act. 1993" . - £20.000 0 0 D.vtd nd at the rate of 6% on £JS i.l till " B Preference Sbar-'< issued to the New /ea'.a’.iil Government _in terms ~f the " Bank of Now /.•aland Act, 1913" kVJOO 0 0 Bonus at th > rats of 5 % on „ _ „ ••If Preference Shares ... ..500 0 0 Ihv idend at the rate of 6% on . „ tlrdirriiy share capi tal ... 60.000 9 11 Bonus lit t!>e rate of on Ordinary Share Capital "".090 9 9 Amount, transferred, to Reserve Ftiml l.iO.nno n n Balance carried down 1 '6.224 5 9 £428.724 5 9 Twelve mouths' Interest on Guaranteed Stock ... ••• 21,199 10 10 Amount written off Hank Premises and Furniture..- ••• 50,000 0 0, Interim Dividend paid 13th December, 1919 ( -Ton "A' - Preference Bhar"s, £509.000 29.000 0 0 6-„ on *‘li ’ Preference Shares £250,000 15,000 0 0 0°;. on Ordinary shares. .flOOiM'iO 60.000 0 u Pedanrc, being N-t Profit lor yea- 419,013 16 6 A m 'liui brought Reward from ; :1 .. year ... 116,221 5 9 5ii0,271l 2 3 1.-S, Interim I :-. U'.end piled a. above ... 195. COO o o i fi-'c mo is I RESER' Z T“d7 Lalaace 2,.300,000 0 0 £2,500,000 n 0 UICUD. W GIBBS, Chief Auditor.

BALANCES SHEET at Slat MARCH, 1920.

ASSETS, £ s. d. £ s. ii. Coin nml Cash Balances at Bankers... ... ... .*• 8 371,"30 11 0 Government Notes— Commonwealth, Fijian, and Samoan Administration... 297,712 0 0 Notes of Other Banks tLegil Tender.) 36.370 o 0 Bullion on hand and in transit 16,60S 7 5 Money at Call and Short Notice. Government Securities and other Securities m London 19,633,410 15 1 Bills Receiv- <’ able in London and in transit U0L.230 19 11 Investments in the Cominioa— New Zealand Govern ment Securities ... 3,197,533 10 0 Municipal Seentities ... 327,210 10 0 Commonwealth and Fijian Government Securities ••• •-i.iu.jl6 13 4 Bills Discounted 1,502,23.3 !) 10 Other Advances <& Securities _ and Debts due to the Bank... 17,929,01n 0 11 Landed I'roperty, Premises, etc. 301.108 8 4 152,912,965 5 10 D LOSS. _____ Balance 31st March, 1919 _ 14.8,724 k 0 £423.724 s_. Balance Brought down ... 140,224 5 5 I’rotits for year ended 31st March, 1920, including recoveries, and after payment of and provision for, all interest tine and accrued ondeuosits, provision for had and doubtful debts and other confincen les, for the annual donation to the Provident Fund, and for a special grant thereto also for Bonus to Staff 1,3,5,838 t) 7 Less— Salaries and All ow a nces at Head Office and 212 Branch c s an d Auen c i e » 1308.351 10 8 Directors - rein nncrati on including Bond on Board £4.650 0 n General Expenses, including rent, stationery, telegrams, postages, travelling. repairs to premises. etc, 1114,597 3 S Audit Expense* Account £2,700 1 8 Bates A. taxes £456.433 17 5 836,592 19 .3 £636.469 13 1 ? FUND. £ s d. Balance per last Statement 2,330,000 o 0 Amount to be added from Profits for year ended 31st March, 1920 iso.noo no i2, spo.oo i n n H. BUCKLF.TON, General Manager. a. Mclennan. Accountaut.