BANK OF NEW ZEALAND.
ANNUAL BALANCE-SHEET. 15/ Tolegr.ipli—Pre33 Association. WELLINGTON, June 15 Tho balance-sheet of the Bank of New Zealand, for the year ending March 31st, shows that after providing for interest on guaranteed stock (£40,000), and reduction of bank premises and furniture (£20,000), the balance of profit, for the year is £309,922. To this has to be added £31,675 brought forward from last year, making £341,597. An interim dividend, absorbing £50,000, had been paid during the year, leaving available for distribution £291,597. This the directors propose to distribute r3 follows:—In payment of a dividend of 2* per cent, on preference shares, making 7J per cent, for the year(£l2.soo), dividend of 5 per cent, on ordinary shares, making 10 per cent, for the year £25,000, transfer to reserve £200,000, making reserve £450,000! carry forward £54,097.
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Wairarapa Age, Volume XXXI, Issue 9116, 16 June 1908, Page 5
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135BANK OF NEW ZEALAND. Wairarapa Age, Volume XXXI, Issue 9116, 16 June 1908, Page 5
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