Page 8 Advertisements Column 1

Sun (Auckland), Volume IV, Issue 995, 11 June 1930, Page 8

SPECIAL ADVERTISEMENTS F. H. BATTEN (DENTIST), LONDON DENTAL INSTITUTE. VULCAN BUTT.DINGS, OPP. MILNE AND CHOICE. PHONE 44-939 AUCKLAND’S OLDEST RADIO FIRM For ELECTRIC RADIOS BATTERY RADIOS RADIO APPARATUS POWER AMPLIFIERS PUBLIC ADDRESS INSTALLATIONS THE RELIABLE REPAIR SPECIALISTS. JOHNS, LTD., CHANCERY ST. N.Z. DRY CLEANING Co., Ltd. HOWE STREET. OUR Vans Collect and Deliver In City and Suburbs (including North Shore) TWICE DAILY. Our Telephone numbers are:—4l-384, 41-397, 41-399. 43-782. After 5 p.m.. 27-253. WHAT ROGERS BRUSHING LACQUER WILL DO FOR YOU. This guaranteed Lacquer will give you either an “enamel” finish or a clear “varnish” finish that “dries while vou wait.” You can lacquer leather, cloth,, metal, or glass articles, as well furniture. Lacquer your floors, and use them in half an hour. AGENTS—HILL AND PLUMMER, QUEEN STREET. AUCKLAND.

INSURE WITH THE SOUTH BRITISH AN AUCKLAND COMPANY Taustralasia ,oyal Charter, 1535.) ‘ss of tho Bank) nder the Charter £4,500,000 4,475,000 4,500,000

THE BANK OF. (Incorpoi*ated by Rc Paid-up Capital • Reserve Fund (used in the busine: Reserve L#iability of Proprietors ur

£13,475,000 NINETY-SIXTH ANNUAL REPORT OP THE DIRECTORS OP THE BANK OF AUSTRALASIA, WITH THE ACCOUNTS FOR THE YEAR TO 14th OCTOBER, 1929, PRESENTED TO THE PROPRIETORS AT THE ANNUAL GENERAL MEETING HELD ON THURSDAY, 3rd APRIL, 1930. REPORT. The Directors submit to tho Proprietors the Balance-sheet as at 14th October last, with the Profit Account for the year to that date. After px-oviding for rebate on bills current, for British. Australian and New Zealand rates and taxes, and making provision for bad and doubtful debts and other contingencies, the net profit for the year amounted to £677,183 7s 2d. To this has to be added £139,760 Os 3d brought forward from the previous rear's account, making a total of £816.943 7s sd. Prom this £315,000 was paid as an Interim Dividend on 4tl) October last, and the Directors have now appropriated a further sum of £315,000 to pay a final Dividend of 7s per Share, making in all £630,000, equal to 14s per share, and representing for the year a distribution at the rate of 14 per cent., free of Income Tax. The Directors have also transferred £25,000 to the Reserve Fund. There will remain £161,943 7s 5d to be carried forward to the next account. The Dividend will be payable in London, Australia, and New Zealand on 4th April. Tho Directors retiring by rotation are:—Right. Hon. the Earl of Midleton, K.P., Mr. T. R. Johnson, and Mr. John Sanderson, who, being eligible, offer themselves for re-election. The Auditors, Messrs. Deloitte, Plender, Griffiths and Co., offer themselves for re-election. Since the date of the last Report a Branch has been opened at 237 Murray Street, Perth, Western Australia. C. G. HAMILTON, Chairman. 4 Threadneedle Street, London, 24th March, 1930. PROFIT ACCOUNT FROM 16TI-I OCTOBER, 1928, TO 14TH OCTOBER, 1929. £ s. d. a d ■ d

Balance brought forward from October, 1923 . . Profit for tho year to 14th October, 1929, after deducting Rebate on Bills Current at Balance date (£6,102 03 sd), and making provision for all bad and doubtful debts and for other contingencies Bess: 1. Charges of Management—Australasia — Salaries and allowances to the staff, including the Superintendent’s ‘Department, and 238 Branches and Agencies . . General Expenses, including rent, repairs, stationery, travelling. etc London—Salaries .. .. General Expenses .. 11. Rates and Taxes— Australasia London 187,534 8 132,848 12 Total amount of net profit for the year to 14th October, 1929 .. From which deduct: Dividend paid 4th October, 1929 . . Transferred to Dividend Account payable 4th April, 1930 Transferred to Reserve Fund Balance carried forward per BALANCE-SHEET, LIABILITIES Current accounts .. Bids payable, drafts in including proi for contingencies nces for customis pro contra .. Capital . £4,500,000 R F Tn7 e (used in the business of the Rank) 4,369,791 17 10 452,732 13 1 39,571,653 12 3 4,475,000 0 0 April, 1930 315,000 Profit account balance .. 161,943 - 9,451,943 7 5 £49,323,596 19 s“ A. M. BULLOCK.

139,700 0 110,767 S 6 35,095 16 4 11,024 19 2 670.769 4 7 320,383 0 11 991,152 5 6 677,183 7 2 516.943 7 5 315,000 0 0 315,000 0 0 25,000 0 0 Balance-sheet £161,943 7 5 14TH OCTOBER, 1929. ASSETS Specie, bullion, Government notes, and cash balances Loans at call and at short notice British Government securities Government securities of Australasia and other investments . Bills receivable and remittances in transit Advances on securities, and other assets Liabilities of customers for acceptances as per contra Bank premises and sites in Australia, N.Z. and London, at cost, less amounts written off £ s d 7,182,967 0 S 50,000 0 0 2,224,074 16 6 1,457,819 16 3 3,362,669 17 11 34,314,959 15 9 452,732 13 1 275.372 19 6 £49,323,596 19 S E. GODWARD, Manager.

We have examined the cash and securities in London, and the London hooks, and have verified the transfers from the several branches in the Commonwealth and New Zealand, and we beg to report that, in our opinion, the foregoing is a full and fair balance-sheet of the Bank, and that it exhibits a cue and correct view of the state of the bank’s affairs as shown by the books. The investments were valued at market price or under. DELOITTE, PLENDER, GRIFFITHS & CO., Auditors. London, 13th March, 1930.