NATIONAL BANK
PAYMENT OF INTERIM DIVIDEND.
The General Manager of the National Bank of New Zealand Ltd announces the payment on January 4 of in interim dividend of 21 per cent less United Kingdom income tax at the rate if 3s 7d in the £ in respect of the year ending March 31, 1939. The above diividend will be payable in New Zealand at any branch of the National Bank of New Zealand Limited it the rate of exchange for demand drafts on London current on January 1, 1939. This makes the interim dividend equal to £2 10 lOd per cent or equivalent to £5 Is 9d per cent per annum. The 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 Shareholder’s) 6,000,000 £9.500.000 and in addition there are undivided profits carried forward of £113.690. In the balance sheet, liquid assets stand at £5.145.000 which are equivalent to 33.75 per cent or 6s 9d in the £ of total liabilities to the public and for every £1 of its own funds the bank is holding £4 4s 4d of the public’s money.
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https://paperspast.natlib.govt.nz/newspapers/WAITA19390103.2.37
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Wairarapa Times-Age, 3 January 1939, Page 4
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202NATIONAL BANK Wairarapa Times-Age, 3 January 1939, Page 4
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