BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1896.

Appendix to the Journals of the House of Representatives, 1896 Session I, B-15

8.—15.

1896. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1896.

Presented to Parliament in accordance with Section 53 of " The Bank of New Zealand and Banking Act, 1895."

WELLINGTON. 1896.

8.—15.

I, John Marten Butt, the Auditor appointed by the Governor in Council under "The Bank We hereby certify that, having carefully examined the foregoing balance-sheet and statements, of New Zealand Share Guarantee Act, 1894," do hereby certify,— we are satisfied that they have been correctly compiled from the books and accounts of the bank, 1. That, having carefully examined the foregoing balance-sheet and statements, I am satisfied and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true that they have been correctly compiled from the books and accounts of the bank. and correct view of the state of the bank's affairs at the date thereof. 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, | Dated this 18th day of June, 1896. properly drawn up, and, with notes A and B, exhibits a true and correct view of the state of the J H. MACKENZIE, General Manager, bank's affairs at the date thereof. RICHARD W. GIBBS, Accountant. 3. That I have verified so much of the cash, investments, securities, and assets of the bank as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had access to certified returns of so much thereof as were then held at the various branches and agencies of the bank, or were then in transit. Dated this 18th aay of June, 1896. J. M. BUTT, Colonial Auditor.

BANK OF NEW ZEALAND. Aggregate Balance-sheet, 31st March, 1896.

By Authority : John Mackay, Government Printer, Wellington.—lB96.

2

Liabilities. Capital — £ s. d. Four-per-cent. Guaranteed Stock Preference Shares, subscribed for by Government of New Zealand Capital called up under "Bank of New Zealand and Banking Act, 1895 " .. .. 500,000 0 0 Less amount paid in advance .. 47,423 6 8 £ s. d. 2,000,000 0 0 500,000 0 0 £ s. d. Assets. Coin and cash balances at banker's Bullion on hand and in transit Investments — Consols (Imperial) .. .. .. Colonial Government securities Municipal securities Other securities £ s. d. £ s. d. 1,630,914 0 4 115,792 11 9 47,423 6 8 2,547,423 6 8 54,868 16 0 627,431 0 9 8,827 12 6 378,061 12 5 1,069,189 1 8 2,521,652 13 1 7,282,525 17 10 1,089,822 17 7 423,533 19 2 125,138 12 2 75,000 0 0 Balance of call, payable in instalments, 30th June, 1896; 31st December, 1896; 30th June, 1897; 31st December, 1897 .. 452,576 13 4 Bills receivable and bills discounted Other advances and securities and debts due to the bank Bank of New Zealand Estates Co. (Limited) share account (a) Landed property, premises, &c. Colonial Bank, landed property and premises (b) Colonial Bank purchase, Goodwill Account .. (A) Bank of New Zealand Estates Company (Limited) Share Account, £1,089,822 17s. 7d. This ia book value. The Estates Company include in their balance-sheet assets a"sum of £45,000. being balance of cost of conversion of debentures, which is being gradually written off; also the debt of the Assets Realisation Board, to be covered by debentures not yet i&sued, the value of which is subject to the approval by the Colonial Treasurer of the adjustment between the Estates Company and the Assets Realisation Board. (B) Colonial Bank, landed property and. premises, £125,138 12s. 2d. This is also book value, not ascertained value. Koserve liability.. .. .. .. 500,000 0 0 Reserve Fund Notes in circulation Bills payable in circulation Deposits Other liabilities Balance Profit and Loss Account 23,418 4 11 533,229 0 0 673,232 0 0 9,894,778 13 7 608,912 6 4 52,576 2 1 £ 14,333,569 13 7 14,333,569_13_ 7 Profit .nd Loss. Balance for year ended 31st March, 1896 £ s. d. 52,576 2 1 Balance from year ending 31st March, 1895 Net profit for year ended 31st March, 1896, including recoveries, and after provision for ascertained bad debts, and making what is considered ample provision for possible losses on doubtful debts, but contingent upon the approval by the Colonial Treasurer of the above adjustment (note a) £ s. d. 383 11 1 52,192 11 0 £52,576 2 1 £52,576 2 1 Beserve Fund. Reserve Fund written off Balance £ s. d. 45,000 0 0 23,418 4 11 Balance from year ending 31st March, 1895 Reserve Fund created in terms of " Bank of New Zealand and Banking Act, 1895," clause 7 £ s. d. 45,000 0 0 23,418 4 11 £68,418 4 11 £68,418 4 11