Bank of Nev Zealand.
A SUCCESSFUL YEAR
Wellington, June 16. , The Bank of New Zealand balancesheet issued shows a pr jfit for the year of £369,922, besides £31,675 brought forward. Of this £40,000 goes as interest on the guaranteed stock and £20,000 is written off the - premises. During' the year £5,000 was paid in dividends, leaving the net amount available £291,597, v From this the directors proposed a dividend of 5 per cent, on the ordinary shares, and 2£ per cent, on preference, absorbing £37,500 retransfer to reserve £300,000, making • it £450,000. and carry forward ' £54,097. The Assets Board account shows that the balances owing by _ purchasers total £378,040, the assets unrealised £93,195.
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https://paperspast.natlib.govt.nz/newspapers/TAN19080618.2.24
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Te Aroha News, Volume XXVII, Issue 43339, 18 June 1908, Page 2
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113Bank of Nev Zealand. Te Aroha News, Volume XXVII, Issue 43339, 18 June 1908, Page 2
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