Bank of New Zealand
Abridged Balance Sheet as at 31st __lg_4o
LONG-TERM MORTGAGE DEPARTMENT
LIABILITIES. £ s. d. Capital— Preference Shares issued to the New Zealand Government 1,875,000 0 0 C Long-Term Mortgage Shares issued to the New Zealand Government 234,375 0 0 D Long-Term Mortgage Shares 468,750 3,750,000 0 0 Ordinary Share Capital . . 0 0 6,328,125 3,575,000 500,000 0 0 Reserve Fund (Invested in British Government Securities) 0 0 Long-Term Mortgage Debenture Stock 0 0 Notes in Circulation . . 627 0 0 Deposits 36,422,293 4 11 Balances due to Other Banks 22,285 0 1 Bills Payable and Other Liabilities . . 4,981,663 19 4 Reserve for Taxes . . • . . • * 426,000 0 0 London Office acceptances under credits . . 75,988 16 8 Transfers from Long-Term Mortgage Department . . 391,715 8 G PROFIT AMD LOSS. £ s. d. Net Profit for Year . . 580,926 8 4 Brought forward from last year . . . . • • 385,602 5 6 966,528 13 10 Less Interim Dividend . . 293,359 7 6 Balance of Profit and Loss Account 673,169 6 4 £53,396,868 15 10
LONG-TERM MORTGAGE FUND— £ s. d. Casrial 703,125 0 0 Debenture Stock . . 500,000 0 0 £1,203,125 0 0
ASSETS. £ s. d. Coin, Reserve Bank Notes and Deposits with Bankers 10,825,108 16 8 Notes of Commonwealth and Fijian Governments and Samoan Administration . . 85,493 0 0 Balances due by Other Banks 154,930 0 6 Money at Call and Short Notice, Government and other Securities, and Bills Receivable in London and in transit . . 6,241,132 2 5 Investments in Government, Municipal and other Local Bodies’ Securities in New Zealand and Australia . . 9,238,877 10 10 Remittances in transit between Branches . . 1,859,458 16 7 28,405,000 7 0 Bills Discounted and other Advances and Securities and Debts due to the Bank . . 22,959,595 18 3 Landed Property, Premises, etc. 753,158 13 11 Liabilities of customers for acceptances, per contra 75,988 16 8 Long-Term Mortgage Department .. 1,203,125 0 0 £53,396,868 15 10
£ s. cl. Loans . . 811,409 11 6 Transfers to Bank 391,715 8 6 £1,203,125 0 0
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Wairarapa Times-Age, 21 June 1940, Page 3
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321Bank of New Zealand Wairarapa Times-Age, 21 June 1940, Page 3
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