BANK OF NEW ZEALAND.

Taranaki Daily News, Volume XXIII, Issue 142, 10 July 1901, Page 3

BANK OF NEW ZEALAND.

BALANGK-SHEKT. PIB FUSS ASSOCIATION Wblungtoh, July 9. The balance-sheet of the Bank of New Zealand was la : d on the table of the Howe this afternoon. The profit and 1 as account shows gross profits £469,291, expenses of management, including lates and taxes, totallid £169,049, leaving a net profit of £300,242. Tbis is further reduced by the payment of £BO,OOO inte'est on guaranteed s'ock and £9,577 int-rest on prefe.red shares op lo d-te of re purchase, leaving available £210.665, which has bieo disposed of ss follows: —To extinguish Debenture Cjnversion Account-, £35,360; te extinguish Colonial Bank Goodwill Account. £60,000; written off Estat's Company assets in liquidation, £17,000; written off Colonial Bank property and promisee. £10,000; wiittea off Bank property, premises ard fumiturr, £3B 305; to be pa>d to As=(ts Real sv tionßo-ird, £50,000. The liabilities show ordinary c«pit«l p-id up ty shareholders, £421,850; res rve fund (invested in New Z aland conrn Is) £23,474; note circulation, £788,729 ; bills payable, £1,170,030; dep<si's, £8,682,504. Other liabilities, £115,710; b.lls re-disc untid in London, £274,956. The tot 1 liaMli'ies, including the two milioa gmranW, and thefif'y theusard taUnc» of pr-fit le p'i<i lo tte Ass'ts B aid, it £13,509,465. Ti'O assets show coin ard cash, £1,456.119; bi'llion, £98,010. money at rail and bhor; notice, bills ricvivaH , Government and securi'ies in London, £2,523/89; invrstmen's in colony, £2,509,584(0f-whirh £1,625000 is in tie As-ets Board's dfbai.tures) ; bills discom'ed £2,080,832 ; other advances, £4,111,188; landed property premise?, err, £388,762; Estates Company as«e's la liquidation (bcok value), £298,479; Colonial Bank property and premises, £45,398. Io the abov* figures sh llingsat d pence sre omi ted.