THE NATIONAL BANK
Received 21, 10.10 p.m. By Cable—Press Aseociation—Copyright. London, June 21. The directors of the National Bank of New Zealand propose to increase the capital to three million sterling, creating 170,000 shares of £7 10s each, to be issued as deemed desirable. A SUCCESSFUL YEAR. By Telegraph—Press Association. Wellington, Friday. The general manager of the National Bank has been advised by cablegram that the directors have declared a dividend of 6 per cent, for the half year, and a bonus of 1 per cent, on the paid-up capital (£500,000), equalling 13 percent, for the year ended March 31 last; £20,000 has been added to the reserve, making it £500,000; £SOOO placed to reserve for the depreciation of investments, and £26,250 carried forward. The directors have further allocated £15,000 in reduction. of the bank premises account, and £3OOO to the officers' pension fund, and have granted a 10 per cent, bonus to the staff. The annual meeting will be held in London on July 2.
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Taranaki Daily News, Volume LIV, Issue 306, 22 June 1912, Page 5
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166THE NATIONAL BANK Taranaki Daily News, Volume LIV, Issue 306, 22 June 1912, Page 5
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