BANK OF NEW ZEALAND. The thirty-seventh Half-yearly Meeting.

Waikato Times, Volume XIV, Issue 1220, 24 April 1880, Page 2

BANK OF NEW ZEALAND. The thirty-seventh Half-yearly Meeting.

The thirty-seventh half-yearly meeting of the proprietors of the Bank of New Zealand was held at the banking-house, Queenstreet, at noon on Thursday- There was a large attendance of shareholders. Jas. Williamson, Esq., President of the Board of Directors, occupied the chair. Mr. D. L. Murdoch General Manager, read the advertisement convening the meeting, as well as the minutes of the last half-yearly general meeting, which were confirmed. He then read the following :—: — Thirty-seventh report of the directors of the Bank of New Zealand, to the halfyearly general meeting of the proprietors, held at the banking-house, Auckland, on Thursday 22nd April, 18S0:— ••The Directors have the satisfaction of submitting the following result of the past half-year's operations : The net protit, at 31st March, after fully providing for all bad or doubtful dependences, and for the usual reductions in Bank preinibes and furniture accounts, amounts to £74, 101 17s 4d. To which has to be added — Premium obtained on sale of balance of New Shares, £17. 193; balance for halfyear ending 30th September, 1879 £5,890 6s sd, Making a total available for division of £97, 185 3s 9d. Which is now recommended to be appropriated as follows: To payment of dividend at the rate of 10 per cent, per annum, £50,000; bonus of 5s per share, equal to 5 per cent, per annum, £25,000; balance carried to profit and loss new account, £22,185 3s 9d\ Total £97, 185 3s 9d. The dividend and bonus will be payable at Head Office, Auckland, on Saturday 24th April, and at branches on reciept of advice. For the Board of Directors. — James Williamsox, President. Aggregate balance-sheet of the Bank of New Zealand at the 31st March, 1880, includiug London office at 31st January, 1880 :—: —

Wo hereby certify that we have examined the accounts of the Bank of New Zealand for the half- year ending 31st March, 1880, and that we have counted the cash balances and examined the bills and other securities held at the head office, and compared the returns of the branches with the foregoiug- balances, and have found the sameto be correct. (Signed), Joseph L. Wilson, ) « ».. Allan K. Taylor! I Audltors - The chairman moved the adoption of the report in an exhaustive and able speech, and several gentlemen having addressed the meeting, the report was put and adopted. A vote of thanks to the offiers concluded the proceedings.

The British Museum has acquired about 1000 more tablets and fragments of inscribed terracotta documents from Babylon. Amongst them is a tablet of SamsuIrba, a Babylonian monarch hitherto unknown, who probably lived about the time of Bardes, and was one of the intermediate rulers betweec Cambyses and theatrical military spectacles. A PARisnewspaperstatesthatonDec. 20 the Emperor of Russia found on his bedroom table a letter from the" governing: committee," which told him tint for the fifth time fate had preserved him from their decrees, and advised him to beware of the sixth. The writers add that they do not attack the Czar's person, but his principles.

Cr. £ s. d. Coin and cash balance at bankers Money on short call in London Bullion ou hand and in trans>itu Government securities ... Bills receivable and securities in London Bills discounted, and other debts due to the bank Landed property, bank premises, &c. 2,11 },667 O 875456 o 110,548 15 282,532 10 1,081,433 9 6,454,979 " 188,191 13 o o 4 o 7 2 6 £ii,ii6,Boß 19 7

PROFIT AND LOSS ACCOL'Vf.

Dr. £ s. d. Capital 1,000,000 o o Reserve fund 555>000 o o Notes in circulation 497,361 o o Bills payable in circulation ... 1,337,451 6 1 Deposits and other liabilities .. 7,629,811 9 9 Balance of profit and loss ... 97,185 3 9 £11,116,808 19 7

LIABILITIES.

ASSETS.

Dr. To dividend on 100,900 shares of £10 each, at rate of 10 per cent, per annum „ Bonus at rate 5s per share, equal to 5 per cent, per annum „ Balance carried to profit and loss new account £ s. 50,000 0 25,000 o 22,185 3 d. o o 9 £97,i85 3 9 Cr. £ b. d. By balance from half- j car ended 30th September, 1879 , ... 5,890 6 5 „ Premium on balance of new shares sold . . . . 1 7,i93 o o „ Net profit for half-year ended 31st March, 1880 ... 74,101 17 4 £97,i85 3 9 RESERVE IUND. To balance £555, 000 o o £555,000 o o By balance from half - year ended 30th September, 1879 £555,000 o o £555»ooo o o