DUNEDIN.
This day.
. The half-yearly meeting of the Colonial Bank will be held on Wednesday. The net profit for the half-year, after deducting all salaries and expenses of management, rent and other charges—and after making full provision for bad. and doubtful debts, and interest accrued on deposits—amounts to £10,264 16s 5d ; to which add the balance of profit and loss accounts carried over from the 30th of June last, £3651 3s ; making ah available total for division of £13,915 19s ,sd. As may be resolved on by the meeting, the directors recommend that it shall be appropriated as follows : To increase the reserve fund (which will then be £10,000) £1738; to payment of a dividend at the rate of 6 per cent per annum on the paid up capital of the Bank on 31st December £9774 Is 2d. The balance of £24,03 12s 3d to be carried forward to profit and loss new account for the current half year.
(from our own correspondents.)
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https://paperspast.natlib.govt.nz/newspapers/THS18770127.2.8.5
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Thames Star, Volume VII, Issue 2515, 27 January 1877, Page 2
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163DUNEDIN. Thames Star, Volume VII, Issue 2515, 27 January 1877, Page 2
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