COLONIAL BANK.

Wairarapa Daily Times, Volume XV, Issue 4828, 18 September 1894, Page 2

COLONIAL BANK.

Dividend of Seven Per Cent (By Telegraph.—Press Association)

I Duxedin, Septembor 17. The directors of theColonialßank, in the 40th report to he presented to the half-yearly nioeting, stateV-The net profit for tho half-year, after deducting the interest : paid, jtiii accrued .on fixed deposits, rotating bills under discount, charging' all expenses of management, rent, etc., and duly providing for bad debts and doubtful debts, amounts to £18,674 6s 7d, To this has to bo added the balance, from last half-yeaiy 15,791

14s 4d,"making a total of £24,466 Os^^j lid, And there must bededucted l ,'Jy||ll the tax on note circulation and land,**" and income tax, £2238 8s 2d, leav- f / '-Ml ing available £22,227 lis 9d, whioh i \ Jfj the directors recommond to bo ' > §Um applied as follows Payment of dividend at the rate of 7 pei , cent ontho paid- \4M up capital.. .. £14,000 0 0 '^M Balance fobecamed +x , ' <|l foinard 8,22(fJl 9 v 'i Total £22,22711 9 s H A provisional atrangeinentforthe « J, amalgamation of tho Bank offtw ' > |fl Zealand and this Bank is now before p| the Legislature, and should they" §1 approve of irresolutions forybnr [., •■'■ M 1 approval mil be submitted to you '• the meeting,: ■.'{;•■■■ ••'••/' : -;:Ql : ;;^,^B