BANK OF NEW ZEALAND.

Taranaki Daily News, 19 June 1920, Page 4

BANK OF NEW ZEALAND.

BAIiANOB SHEET at Slat MARCH, 1920.

■— " PROFIT AND LOSS. ■ ~~~ZZ 1

RESERVE FOND. ,

RI3HD, W GIBBS, H. BDCKLETON, General Manager Chief Auditor. A. McLENNAN, Accountant

LIABILITIES. CAPITA^— 4% Guaranteed Stook ... £ s. 529,938 10 d. 0 "A" Preference Shares, fully paid, issued to the New Zealand Government 600,000 0 « "JET Preference 8hares, fully paid, issued to the New Zealand Government 253,000 0 0 Ordinary Shares, 150,000 at £fl : 13 :4 — £1,000, OOO-p&id up to £3 :6:8 per Share 500,000 0 0 Call of f 3 :6: S per ehare payable lat April, 1980— Amount paid in advance ... 317,433 6 8 New Ordinary Shares, 75,000 at £S : 13 :4, fully paid 500,000 0 0 2,627,44117 1 Reserve Fund »• 3,350,000 0 0 Notes in Circulation 5,765,337 10 0 Deposits 37,691,610 15 6 Bills Payable and other Liabilities (including provision for doubtful debts and for depreciation in Investment Securities, also contingencies) Oil Heserve for Taxes S40.0Q0 0 0 Balance of Profit and Loss ••• 460,270 2 3 *52,912,865 5J0

Dividend at the rate ol 4 % on £600,000 " A" Preference Shares issued to the Hew Zealand Government in terms oE the "Bank of £10,000 New Zealand Act, 1003" 0 0 Dividend at the rate of 6% on £260,000 "B" Preference Shares issued to the New Zealand Government in terms of the " Bank of New 15,000 Zealand Act* 1913" 0 0 Bosun at the rate of 8 % on 7,500 "B" Preference Shares 0 0 Dividend at the rate of 0% on Ordinary 8bare Capital ... 00,000 0 0 Bonus at the rate of 3% on Ordinary Share Capitol ... SO, 000 0 0 Amount transferred to Re150,000 serve Fund 0 0 Balance carried dov/n 146,224 5 9 £428,724 6 9 Twelve months' Interest on Guaranteed Stock 21,190 10 10 Amount written off Bank Pre50,000 mises and Furniture 0 0 Interim Dividend paid 13th December, 1919— 6% on "A" Preference Shares, £600,000 30,000 0 0 6% on "B" Preference Shares ££60,000 16,000 0 0 f %t>n Ordinary Shares, • fl,000,000 60,000 0 0 105,000 0 0 Balance, being , Net Profit for year 419,045 16 6 Amount brought forward from last year ... 140,224 5 9 665,270 2 3 Less Interim Dividend paid as above *•> 105,000 0 0 460,270 2 S £686 469 IS 1

£ B. d. Balance 2.60Q000 0 0 £2,500,000 0 0

AS- : \ 1 I, St 8. ACoin and Cash BaUr. it 0 Banker* - ••• So7U36 11 0 Government Notes — Commonwealth, Fijian, and n A Samoan Administration... 2&<,.12 0 0 Notes of Other Banks (Legal Tender) 56,370 0 0 Bullionon hand andin transit 40,668 7 6 Money at Call and Abort Notice, Government Securities and other Securities in London ••• 10.022,410 15 1 Bills Receivable InLondon and in transit 661,230 19 11 — 20.2S3.641 15 0 Investments in the DominionNew Zealand Government Securities ... 3,197,553 10 0 Municipal Securita - Wi'iiwM « « C0 G m c=^e^t ie5 Fiiial ; WS16H < BilU Discounted... ••• - 1,502,233 9 10 nthor Advances <fc Securities and Debts due to the Bank... 17 ©>l» 0 11 Landed Property, Premuei, etc. 361,10a 8 * £62,flia,96B 510

. Balance 31st Marota, 1919 .. £428,724 6 9 JKOT_5J Balance brought down ••• Profits for year ended 31st March, 1920, including recoveries, and alter payment ot and proviBion lor, all intercut due and accrued on deposit*, provision for bad and doubtful debts, and other contingcnies, for the annual donation to tH Provident Fund, anil for a anecial grant thereto also for Bonus to Staff 1,870,838 0 J Less— Salaries and Allowances at Head Office and 212 Branches and Ageno i e b 1308,361 16 g Directors' remuneration inoluding London Board £4,060 0 0 General Expenses, including rent, stationery, telegrams, postages, travellinif, repairs to premises. etc £111,897 3 6 Audit Bxpeiuei Account £2,700 1 8 Bate* & taxes *460,483 17 e 833,592 19 3 146,224 i 9 490,245 7 4

£ s d. Balance per last Statement ?,350,000 0 0 Amount to be added from Profit® for year ended 31st March, 1920 160,000 0 0 ig.SOO.OQO. 0 0