BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1900.

Appendix to the Journals of the House of Representatives, 1900 Session I, B-15

8.—15.

1900. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1900.

Laid before Parliament m pursuance of Section 53 of " The Bank of New Zealand and Banking Act, 1895."

WELLINGTON. 1900.

8.—15.

B.—Profit and Loss, 31st March, 1900.

J E This is the balance-sheet referred to in certificate on attached profit and loss statement marked "B."— A. MACINTOSH, Chief Auditor. R W G Accountant

BANK OF NEW ZEALAND.— A. Balance-sheet, 31st March, 1900.

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Liabilities. Capital— £ s. d. Four-per-cent. Guaranteed Stock Preferred shares issued to Crown .. Ordinary capital called up under "TheBank of New Zealand and Banking Act, 1895 ".. 500,000 0 0 Assets. £ s. d. 2,000,000 0 0 500,000 0 0 £ s. d. Coin and cash balances at banker's Bullion on hand and in transit Money at call and short notice, bills receivable, Government securities and other securities in London Investments in the colonies— Colonial Government securities Assets Realisation Board debentures ... Municipal securities Other securities £ s. d. £ s. d. 1,303,756 3 0 103,770 0 5 2,667,636 15 4 Amount paid to date Call of 1895, made in terms of " The Bank of New Zealand and Banking Act, 1895" : £3 6s. 8d. per share .. .. .. 500,000 0 0 Amount collected to date, and specially applied as provided by the said Act .. 452,538 1 3 419,519 0 5 2,919,519 0 5 578,131 5 0 1,750,000 0 0 19,953 6 1 37,200 0 0 Nominal reserve liability on shares .. 607,026 3 1 Reserve Fund invested in New Zealand Consols Notes in circulation Bills payable in circulation.. Deposits Other liabilities Balance of Profit and Loss .. 607,026 3 1 23,474 7 4 722,770 0 0 770,347 17 9 8,587,859 13 11 114,402 15 1 50,000 0 0 Bills discounted Other advances and securities and debts due to the bank Landed property, premises, &c. Bank of New Zealand Estates Company (Limited), "Assets in Liquidation " (book value) Bank of New Zealand Estates Company (Limited), " Debenture Conversion Account" (originally £68,445) .. Colonial Bank, property and premises (book value) Colonial Bank purchase, " Goodwill Account" (originally £75,000) 1,791,337 10 3,961,688 12 422,339 8 369,966 17 35,360 1 87,233 14 60,000 0 2 7 4 7 6 C 0 £ 13,188,373 14 6 13,188,373 14

£ s. d. £ s. d. £ s. d. £ s. d. 50,000 0 0 Net balance of profits at 31st March, 1899, paid to Assets Realisation Board in terms of " The Bank of New Zealand and Banking Act, 1895," section 11 Twelve months' interest on guarantead stock Twelve months' dividend to 31st March, 1900, on preferred-share capital Amount written off Bank of New Zealand Estates Company (Limited) " Assets in Liquidation " Amount written off Bank of New Zealand Estates Company (Limited) "Debenture Conversion Account" .. Amount written off Colonial Bank Purchase, " Goodwill Account" Balance for year ended 31st March, 1900 50,000 0 0 80,000 0 0 17,500 0 0 70,370 15 5 14,649 12 2 10,000 0 0 50,000 0 0 Balance from year ended 31st March, 1899 Profits for year ended 31st March, 1900, including recoveries, and after payment of and provision for all interest due and accrued on deposits and provision for bad and doubtful debts in current business Less — Salaries and allowances at head office and 121 branches and agencies Directors' remuneration General expenses, including rent, stationery, travelling, &c. Audit expenses account Bates and taxes i I J 414,076 7 10 i 110,682 1 1 2,000 0 0 35,778 5 10 2,494 0 3 20,601 13 1 ■I 171.556 0 3 £292,520 7 7 171,556 0 3 242,520 7 7 £292,520 7 7

B. —15

Reserve Fund.

Approximate Cost of Paper,— Preparation not given; printing (1,410 copies), ~2 12s. 6d.

By Authority : John Mackay, Government Printer, Wellington.---1900,

Price 3d.]

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Balance £ a. d. £23,474 7 4 Balance from year ended 31st March, 1899 £ ». d. £23,474 7 4 I, Alexander Macintosh, the Chief Auditor of the Bank of New Zealand, do hereby certify, — 1. That, having carefully examined the foregoing balance-sheet marked " A " and statements, I am satisfied that they have been correctly compiled from the books and accounts of the bank. 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. 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 20th day of June, 1900. A. MACINTOSH, Chief Auditor. We hereby certify that, having carefully examined the foregoing balance-sheet and statements, we are satisfied that they have been j correctly compiled from the books and accounts of the bank, and that the balance-sheet is and fair balance-sheet, properly drawn up, and exhibits and correct view of the state of the bank's affairs at the date thereof. Dated this 19th day of June, 1900. JAMBS EMBLING, General Manager. RICHARD W. GIBBS, Aooountant.