The National Bank of New Zealand Limited.

Sun (Auckland), Volume II, Issue 449, 3 September 1928, Page 12

The National Bank of New Zealand Limited.

BALANCE SHEET as at 31st MARCH. 1928.

Notes in Circulation Deposits and Current Accounts Bills Payable and Other Labilities (including provision for Doubtful Debts and Depreelation of Investments Authorised Capital—£6,ooo,ooo Paid-up Capital Reserve Fund Profit and Loss A/c LIABILITIES. 1,173,482 10 12,088,015 5 1,384,646 10 10 2.000,000 2,000,000 335,573 14,646,144 5 10 4,335.572 £18,981,716 7 4

Coin and Bullion at Head Office end Branches .- Cash at Bankers and Money at Call and Short Notice Investments in Briish Treasury Bonds and N.Z. Govt. Securities Bills Receivable in London and ;n transit Remittances in Transit between Branches Bills Discounted and Advances on Securities & Current Accounts Landed Property,. Premises and Furniture ASSETS. £ s. d. 968,052 16 8 1,110,334 S 10 2,129,748 19 9 3,732,394 9 9 280,853 12 6 10,188,180 O 11 572,151 18 11 8,221.384 7 { 10.760.351 IS i« £18.981,716 7 4

PROFIT AND LOSS ACCOUNT. For the Year ending 31st March, 1928.

s. d. To Interim Dividend for the Half-year ended 30th September, 1927, at, the rate of 12% per annum 120,000 Premises Proposed Allocation of Balance—Dividend for Halfyear ended 31st March, 1928, at the rate of 12% per annum . . £120,000 Bonus of 2 % . . 40,000 10,000 0 0 130,000 0 0 Pension and Gratuity Funds ro be Carried Forward .. 160,000 10,000 165,572 - 335,572 1 6 £465,572 1 6

By Balance at Ist April. 1927 „ Gross Profits for Year ended 31st March, 1928, after making provision for Bad and Doubtful Debts .. •• 684,341 7 3 Less Expenses of Management, Directors’ Remuneration & Charges at Head Office and 91 Branches and Agencies 394.538 6 5 d. £ s. d. 175,769 0 S 289,803 0 M £465,572 1 6