Half-yearly Meeting of the Bank of New Zealand.

Thames Star, Volume X, Issue 3178, 26 April 1879, Page 2

Half-yearly Meeting of the Bank of New Zealand.

At the half-yearly,meeting of the Bank of ITefr' .Keliif it^uckUndf on Thursday,last, Dr d^niflbelL^in/the cfiair, r the 35th semi-annual report of the director! was re.id a« followi .—"The Directors^aye the Sa^iis'fad'tion of again submit* ting; to,;' shareholdersi' the'; result! bf a suceetiful 'hal^ea^'B'/p^ifiiifoSsi^'iThe very full app^riations for every Ufa or doubtful .depen^enpjr,., and (he reductionpl^obwj^^pije^iies : ftDd Tiirniture accounts, amounts - to £80,240 25'....8d,.; n Jp. which has to be added— balance of undivided "profiPat "30th September, 1878, £8,888 9s; making a total available for division of £89,128 11s Bd. What is in now' recommended should l)?T J aPH?PJ:i^ t? d. a» follows—To payment of dividend at the rate^f/DoMei cent, per annum, £36,250; bonus of 5* per share, equal to 5 percent per annum, £18,125; proposed increase to reserve fund, £25,000: balance carried to profit and loss new ao--Bd. The dividend* and-'sfionifs i Will! be payable at head office,' Aucklaqi, to. morrow (Friday) -«and at branches oa receipt of advice." «

1 The balance ikee't^'-ilie'Wed'*thellnett profit for half year to be £80,240 2s 8d; notes in circulation*, £527,777; bills payable in circulation, £2,246,760 16s 2d; deposits and other liabilities, £7,716,876 4s 7d; balance of profit and, low at September 30th, 1878^8^888 W -The reserve iuod was £350,00 D, which it wai prbposid ito-increase by £25,000. Th« Chairraan,.in his ,remark«, referred to the great success which had' attended the issue of the 27,500 new ihares. The report wai adopted and votes, of ihankl passed to the directors and officers jrhich were duly acknowledged and the, tne^tiqs dispersed. »