NATIONAL BANK

Wairarapa Times-Age, 8 July 1938, Page 7

NATIONAL BANK

DIVIDEND ANNOUNCED The general manager of the National Bank of New Zealand Ltd announces payment, July 9, of a final dividend at the rate of 3s 8d in the £1 for the half-year ended March 31, 1938. The above dividend will be payable in New Zealand at any branch of the National Bank of New Zealand Limited at current rate of exchange for demand drafts on London on the date of negotiation. An interim dividend at the rate of 4 per cent per annum free of tax was paid in January last, and the total dividend for the year with exchange added, will give the shareholder in New Zealand a return of £4 19s 10s per cent for the year. This Bank shows its capital and reserves as under: — Subscribed Capital .... .... £6,000,000 Paid-up Capital £2,000,000 Reserve Fund (Invested in Government Securities) £1,000,000 Currency Reserve (Invested in Government Securities) £500,000 Reserve Liability of Shareholders £6,000,000 and in addition there are undivided profits carried forward of £133,690. In the balance sheet, liquid assets stand at £5,145,000 which are equivalent to 33.75 per cent or 6s 9d in the £1 of total liabilities to the public and for every £1 of its own funds the banks is holding £4 4s 4d of the public’s money.