Page 12 Advertisements Column 1

Sun (Auckland), Volume II, Issue 365, 28 May 1928, Page 12

THE BANK OF AUSTRALASIA (Incorporated by Royal Charter, 1835.) Paid-up Capital Reserve Fund (used in the business of the Bank) Reserve Liability of Proprietors under the Charter £4,000,000 . .3,850,000 4,000,000 NINETY-FOURTH! ANNUAL REPORT OF THE DIRECTORS OF THE BANK OF AUSTRALASIA, with the accounts for the year to 10th October, 1927 Presented to the Proprietors at the Annual General Meeting- held on Thursday, 29th March, 1928. REPORT, wlS ,e .b? I SS.‘K , a" ,taU ! 1° *?i a Ptoprietors tlle Balance-Sheet as at 10th October last, 1 ith the Profit Account for the year to that date. After providing for rebate on bills £ °d Austrahan, and New Zealand rates and taxes, and making provision to i654,059/11/1 £ul debtS and ° thet contm gencies, the net profit for the year amounted To this has to bo added £135,508/7/10 brought forward from the previous year's account, making a total of £789,567/18/11. Prom this £280,000 was paM Is an Interim Dividend on 30th September last, and the Directors have now appropriated I e U auarf„ i2B °i, ooo <'° pay a final Dividend of 7/- per share, making in all £560?000 ®,‘“ al ‘°. li /' per , s . hllre ’ an , d representing for the year a distribution at the rate of 14 S', f . lacome tax - , Th ® Directors have also transferred £40,000 to the ?Sfs w!ll lelve £139 56? h? £SO - o °° in «duetion of Bank Premises Account 'Z, nfJid.ta 8/1 to be . earned forward to the next account. March D dend 1,111 ba Payable in London, Australia, and New Zealand on 30th wuswssss re-ele^tion AUdlt ° rS ' MeSSrS ' Delo.tte, Plender, Griffiths and Co., offer themselves for fn iP Vi°c n tZri'; ‘“J / ar ™vine° MeTh/u^nT/Ld*HoMh?m° and*'WarSnS in New Zealand. Pede eal Capital Territory, and at Newton (Auckland) Genera”;* uloTnTbll bell /Sow^R" *A Gm ISIe M oT t iS!,O t 8o b new e /hl?es that If da tl'o /esl/ulo/t °Z Ter share/ • a rpi,,. 0 , >„ ~ . . , .TOHN SANDERSON, Chairman 4, 1 hreadneedle Street, London, 19th March, 1928. ' PROFIT ACCOUNT, FROM OCTOBER 12, 1926, to OCTOBER 10, 1927. fron Balance brought forward October, 1926 Profit for the year to October 10, 1927, after deducting Rebate on Bills current at Balance date (£7,909/1/3, and making provision for all bad and doubtful debts and for other contingencies Less: I. Charges of Management—Australasia salaries and allowances to the Staff, including the Superintendent’s Department, and 224 Branches and Agencies General Expenses, including Rent, Repairs, Stationery, Travelling, etc. London Salaries General Expenses 135,508 7 10 482,223 15 9 107,808 9 4 33,064 4 4 9,467 0 0 Rates and Taxes— „ Australasia . . £165,061 London . . 121,050 From which deduct: paid 30th September, Transferred to Dividend Account, payable 30th March, 1928 Transferred to Reserve Fund Transferred to Bank Premises rd per Balar 654,059 11 l £789,567 18 11 280,000 40,000 50,000 0 0 18 11 BALANCE-SHEET, OCTOBER 10, 1927. LIABILITIES. Circulation . . Deposits Bills Payable ai other Liability including provisb for contingenci Capital £4,000,000 0 Reserve Fund (used in the business of the Bank) •3,850,000 4,418,993 11 4 0 Di payable March 30, 1928 280.000 0 0 Profit Account Balance 139,567 18 11 8,269,567 18 11 £44.594,859 13 7 eminent Notes and Cash Balance . . Loans at call and at ties of Australasia and other investments Bills receivable and remittances in transit Advances on securities and other assets Bank premises in Au Ne Zealand and LonG. CAMERON, Accountant. 6,645,233 17 5 110,000 0 0 2,584,548 1 4 1,079,900 11 2 4,355,725 1 10 29,689,659 18 5 129,792 3 5 £44.594,859 13 7 E. GODTV ARD. Manager. We have examined the cash an have verified the transfers from th Zealand, and we beg to report tiia balance-sheet of the Bank, and that the Bank’s affairs as shown by th price or under. DELOITTE, PLENDER. GRIFFITHS & CO., Auditors London, 14th March, .1928. Lirities in London, and the London books, and ?ral branches in the Commonwealth and New our opinion, the foregoing is a full and fair hibits a true and correct view of the state of ks. The investments were valued at market