NATIONAL BANK

Wairarapa Times-Age, 3 July 1939, Page 6

NATIONAL BANK

DECLARATION OF FINAL DIVIDEND.

The General Manager of the National Bank of New Zealand. Ltd., announces the payment on July 4 of a final dividend for the half-year ended March 31, 1939. at the rate of 5 per cent per annum, less United Kingdom income tax of 3s 7d in the £. The above dividend will be payable in New Zealand at any branch of the National Bank of New Zealand. Ltd., at the rate of exchange for demand drafts on London, current at date of dividend. An interim dividend at the rate of 5 per cent per annum, less United Kingdom income 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 £5 Is 8d per cent. This bank shows its capital and reserves as under: —

Subscribed capital £6,(100.000 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 £114,131.

In the balance sheet, liquid assets stand at £5,339,000 which is equivalent to 36.52 per cent or 7s 3d in the £ of total liabilities to the public, and for every £1 of its own funds, the bank is holding £4 0s lid of the public’s money.