BANK OF NEW ZEALAND.

Taranaki Daily News, 9 June 1917, Page 4

BANK OF NEW ZEALAND.

, THE YEAR'S WORKING. By Telegraph.—Press Association Wellington, Last Night. The Bank of New Zealand director*' report for the year ended March 31s| states that the net profits were £388,489, plus £:>G,4M brought forward, making £421,1)54. Interim dividends paid absorbed £105,000, and the directors propose a further allocation for a dividend at four per cent, on A preference share* (£20,000), six per cent, on B preference and six per cent, on ordinary ( £30,000), also a bonus of three per cent. ( £37,600). They have added to the reserve £72,839 (making the reserve £2,1&,000> and carried forward £111,595. The capital and share liabilities total £2,27!>,988; reserve, £2,06-2,141) note circulation, £2,500,323; deposits, £29,052,7!10, and other liabilities £2,007,908; balance to profit and loss, £318,954. Msets: Coin and cash at bankers £5,914,* 970, notes '£011,060, bullion £119,5% lnonoy at call, Government and othet securities, £11,470,000; bills receivable in London, £<i<2,l47; investments ii New Zealand, comprising Government securities £2,906,413, municipal securities £3S3,C»B. discounts £1,256,721, advance! property £450,812; the t0« tal aastts being £38,280,107.