BANK OF NEW ZEALAND.
AXXC.VN KALAVCK SHEET.
IV r Press Association. Wellington, June 10. T!i'.- directors of I lie Hunk of New Zealand, in I heir report mid balance-sheet for the year ended Hist March, state tint I In; profits, after providing for expenses of management, nil had and doubtful delits, and after making provision for an annual donation lo the provident fund and for a bonus lo tlie stall', are €350,HHO His 7d. From lliis laid to be dcdueled interest on guaranteed slock ( €111.0(1(1), leaving £310,880 his 7d. Of this sum tho direelors have allocated in reduction of (he Hank premises and furniluro €10.01)0. leaving the balance of profit for the year €204,880 Ills 7d, from which liiiS been paid an interim dividend at f> per cent on preference shares, €25,00:); on oi.linaiv shares. .€25,000; leaving available for distribution £2-1-1,880 llis 7d. This the directors propose should be disposed of as follows:—Dividend at (he rate of i l /- per cent, on preference shares, €12,500 (making 7'/ 3 per cent for tile year) j dividend of 5 per cent on ordinary shares, .£2.1,000 (making 10 per cent); transfer to reserve fund .€IOB 705 !)s !)d, making the reserve fund €250,000; grant to the officers' provident fund, €7000; leaving a lialanee to be carried forward €31,07") On KM.
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Taranaki Daily News, Volume L, Issue 60, 11 June 1907, Page 2
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217BANK OF NEW ZEALAND. Taranaki Daily News, Volume L, Issue 60, 11 June 1907, Page 2
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