BANK OF N.Z.

Waikato Times, Volume 119, Issue 19903, 4 June 1936, Page 7

BANK OF N.Z.

PROFIT OF £565,181

DIVIDENDS RECOMMENDED. IJHULVAHY SHARES, 10 PER CENT. my Teihgrnpn.-——F‘ress Association.) \\'ELLINUTON, Thursday, The report of ‘he directors of 'Lhe Bank of New lealend lo be presented at the meeting on June 12, says that profits for the year ended March 81, after providing for the expenses of the management and for all bad and doubtful debts and other contingencies, and aner making provisions for the annual donugion to Provident Fund, are £566,181 93 9d, to which has to be Added £848,181 135, the balance brought fnrwnrd from last. year. From this total of £913,319 25 9d there has been paid a dividend on pretcrence _\ shares 01' £50,000, an interim dividend on U ions—term mortgage shares of £7031 155, an interim divi—dend on 1) long term mortgage shares 01' 5:17.575 25 (id; an interim dividend un prel‘ui‘enrc B shares 01' £31,250; and an inn-rim dividend on ordinary .siiarrs 01‘ £187,300—u [mini 01' £293 55‘) 7s (id. leaving (\\'ililiiiHO fur distribution Humans 1.35 .‘ld. This lhu dirvriors Di'UpOSE should be disposed 01' us follows; Dividend on C lung term mortgage sliurrs at l} per uni. prr unnum, £7031 55; dividend 0n 1) long i-i-rm mortgage shares at In} pl‘i‘ 00111. per unnum, £17,578 ‘25 0d; dividend on pl'OfL'l'L‘llL'O B shares \nmking £IOO,OOO [or the year), £l3B, 750: and a dividend ad the rate of .‘i per mini. on ordinary shares (mak—ing £375,000 for [he year, equal to 10 per will» of £187,500, leaving a imlnncr in) in: rurricd forward 01 £330,100 Ts od, such dividends to be paid in New Zculund currency.