BANK OF NEW ZEALAND.
THE VEAII'S OI'EItATIOXS. 13y Telegraph.—Press Association. Wellington, Last Night. The liank of -New Zealand balancesheet for the year ended .March 31st shows that the pionts, alter making the usual allowances, amounted tu uC3(jS,IoO, as against lor the previous year. From this has to be deducted interest ou guaranteed stock X40,0l)0, and reduction of bank premises and furniture £15,000, leaving a balance of profit fur the yoar 01 X 313,150. To this has tu be added the balance brought forward from last year O{J7,0 { J7, making a total of A'-M7,238. An iaterim dividend at the rate of 5. per cent., already paid, absorbed £50,000, leaving 1)317,248 available for distribution. This the directors propose to dispose of as follows:—3% per cent, dividend on preference shares, £18,750; o per cent, dividend on ordiiiary shares, £25,000; bonus of 2y> per cent, on ordinary shares, £12,500; transfer to reserve fund £200,000 (making the reserve fund £050,000), and leaving a balance to be carried forward of £U0,!)!)8,
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Taranaki Daily News, Volume LII, Issue 109, 5 June 1909, Page 2
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165BANK OF NEW ZEALAND. Taranaki Daily News, Volume LII, Issue 109, 5 June 1909, Page 2
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