BANK OF NEW SOUTH WALES.

Wanganui Chronicle, Volume 7, Issue 375, 24 December 1863, Page 4

BANK OF NEW SOUTH WALES.

T WENT Y-SIXTH REPORT. The Directors have the pleasure of placing before the Shareholders the annexed abstracts of the Liabilities and Assets of the Bauk, and of the Profit and Loss account for the half-year ended on the 30th Oetobei*. The net profit for that period, after deducting rebate on current bills, interest on deposits, providing for bad and doubtful debts, and reducing valuation of Bank premises, and office furniture, amounts to 73,263 6 ft To which is to be added—- . Recoveries from debts jn-e viously written off as bad or doubtful 3,410 4' 8 Undivided balance from last half-year 3,128 6 1 Giving for distribution 79, 801 17 3 Which the directors appropriate as follows : To payment of dividend at 15 per cent, per annum 56,250 0 O ~ Bonus of 24 per cent, on capital £750,000 18,750 0 0 ~ Balance carried to “Profit and Loss ” New Account 4,801 17 3 £79,801 17 0 A vacancy occurs in the Direction ore this occasion by the retirement of E. C. Weekes Esq. ; Frederick Tooth, Esq., is the only candidate for the office. It devolves on the present meeting to elect Auditors in the room of W. R. Piddington and Jas. Milson, Jun., Esquires, who retire at this time, the latter of whom is eligible for re-elec-tion. The Dividend will be payable at the Head Office to-morrow, and at the Branches on receipt of advice. For and on behalf of the Board of Directors. G Allen, President.

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