BANK OF NEW ZEALAND.

Taranaki Daily News, Volume LIII, Issue 59, 18 June 1910, Page 4

BANK OF NEW ZEALAND.

BALANCE SHEET at 31st MARCH, 1910.

LIABILITIES. ASSETS. CAPITAL- £ a. d. a i. d. £ s. d. £ s. d. 4% Guaranteed Coin and Cash Balances at Stock 1,000,000 0 0 Bankers 3,143,775 3 4 Preference Bullion on hand and in transit 114,298 7 (i Shares fully Money at Call paid up issued and Short Noto the Crown tice, Governunder "The ment SecuriBank of New ties and other Zealand Act* Securities in 1903," sees. 9 London ... 3,891,644 3 7 and 10 500,000 0 0 Bills Receiv'Ordinary able in London Shares 150,000 and in transit 2,626.561 i 2 at £6 13s. 4d. £1,000,000 6,518,205 7 9 INVESTMENTS IN THE COLONIES— Colonial GovPaid up to ernment Secu.£3 6s. 8s. per rities 1,082.121 0 0 'Share ... 500,000 0 0 Municipal Se2.000.000 0 0 curities ... 62,624 1 6 Reserve Fund 650,000 0 0 1.144,745 1 6 Notes in Circulation 919 329 0 0 ASSKTS REALISATION BOARD ASSETS— Deposits , ... : 14,687,679 17 1 Balances owing Bills Payable and other'Liaby Purchasers 286,899 9 5 bilities i including provision Sundrv Assets f"r doubtful debts and for unrealised ... 46,39111 4 depreciation in Investment 333,291 0 9 Securities) 1,146,917 10 4 Bills discounted 1,034,458 C 8 Balance of Profit and Loss ... 270,384 8 6 Other .Advances & Securities and Debts due to the BankLanded Property, Premises,etc. 7,025,747 14 4 359,789 14 1 £19.674,310 15 11 £1<>,W4.310 15 11 PROFIT AND LOSS. Dividend on Preference Shares 18,750 0 0 Balanco 31st March, 1909 317,248 13 6 Dividend on Ordinary Shares 25,000 0 0 Bonus on Ordinary Shares ... 12,500 0 0 Amount transferred to Reserve Fund '... 200,000 0 0 Balance carried down 60,998 13 6 £317,248 13 fi £317,248J3_6 Twelve months' interest on — Balance brought down 13 6 < uaranteed stock 40,000 0 0 Profits for year ended 31st Amount written off Bank PreMarch, 1910, including recovmises and Furniture 15,000 0 0 eries, and after payment of, Interim Dividend paid 6th and provision for, all interest December, 1909— due and accrued on deposits, 5% on Preferprovision lor bad and ence Shares, doubtful debts, for dona£500,000 ... 25,000 0 0 tion to Provident Fund, 5% on Ordinand for bonus ary Shares, to staff 560,617 7 4 £500,000 ... 25,000 0 0 Lops 50,000 0 0 Salaries and Balance beingAllowances Net Profit for £152,734 6 9 year 259,38515 0 Directors' reAmount brought mit neration forward from £3,250 0 0 last year ... 60,998 13 6 General Expenses 320,334 8 6 £38,640 12 10 Less Interim Audit Expenses Dividend paid £1,919 6 3 as above ... 50,000 0 0 Rates, taxes, 270,384 8 £375,384 8 6 6 telegrams, and postages £49,687 6 6 246,231 12 i - 314,385 15 0 £375,384 8 6 RESERVE FUND. Balance - £ s. d. 800,000 0 01 Balance per last Statement ... £ a. d. 650,000 0 0 Amount to be added from Profits for year ended 31st March, 1910 150,000 0 0 £800,000 0 '0 £800.000 0 0 B. M. LITCHFIELD, A. E. MILLS, pro General Manager. Chief Auditor. F. A. MaCBEAN, Accountant.