BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1901.

Appendix to the Journals of the House of Representatives, 1901 Session I, B-15

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1901. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1901.

Laid before Parliament in pursuance of Section 24 of " The Bank of Neiv Zealand and Banking Act Amendment Act, 1898."

WELLINGTON. 1901.

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BANK OF NEW ZEALAND.— A. Balance-sheet at 31st March, 1901.

B.—Profit and Loss, 31st March, 1901.

Liabilities. Capital — £ s. d. Four-per-cent. Guaranteed Stock Ordinary capital called up under "The Bank of New Zealand and Banking Act, 1895 ".. 500,000 0 0 £ s. d. 2,000,000 0 0 s. 0 d. 0 £ • s. d. Assets. 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 Eealisation Board debentures Municipal securities Other securities £ s. d. £ s. d. 1,456,119 0 10 98,010 6 9 Amount paid to date 421,860 1 4 1 4 2,421,860 1 4 2,523,089 19 0 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 .. 453,092 6 1 828,131 5 0 1,625,000 0 0 23,053 6 1 31,400 0 0 2,507,584 11 1 2,080,832 10 3 4,111,188 7 10 388,762 1 3 Nominal reserve liability on shares .. 603,520 17 1 603,520 17 1 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) Colonial Bank, property and premises Preferred-share capital issued to the Crown and repurchased in terms of " The Bank of New Zealand and Banking Act, 1895," section 8, and available for re-issue in terms of section 13 of the said Aot .. .. 500,000 0 0 298,479 3 8 45,398 6 5 Reserve Fund invested in New Zealand Consols Notes in circulation Bills payable in circulation.. Deposits Other liabilities Bills rediscounted in London Balance of Profit and Loss .. 23,474 7 4 770,729 0 0 1,170,030 2 6 8,682,504 0 3 115,910 5 2 274,956 10 6 50,000 0 0 £ 113,509,464 7 1 (13,509,464 7 This is the balance-sheet, marked " A," referred to in the certificates attached. — A. M. J. E. R. W. G., Accountant.

£ s. d. £ s. d. £ s. d. £ s. d. 50,000 0 0 Net balance of profits at 31st March, 1900, paid to Assets Realisation Board in terms of " The Bank of New Zealand and Banking Act, 1895," section 11 Twelve months' interest on guaranteed stock Dividend on preferred-share capital to date of repurchase from the Government .. 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" (being balance of account) Amount written off Colonial Bank purchase, " Good will Account " (being balance of Account) Amount written off Bank Premises Account Amount written off Colonial Bank property and premises Amount written off Furniture Account Balance for year ended 31st March, 1901 50,000 0 0 80,000 0 0 9,577 0 11 17,000 0 0 35,360 1 6 60,000 0 0 34,417 9 7 10,000 0 0 3,887 17 10 50,000 0 0 Balance from year ended 31st March, 1900 Profits for year ended 31st March, 1901, 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, including London Board General expenses, including rent, stationery, travelling, repairs to premises, &c. Audit Expenses Account Rates, taxes, telegrams, and postages 103,165 15 1 3,150 0 0 469,291 6 10 31,903 7 7 2,449 7 8 28,380 6 8 169,048 17 0 £350,242 9 10 £350,242 9 10

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"CERTIFICATES. I, Alexander Macintosh, the Chief Auditor of the Bank of New Zealand, do hereby certify,— We hereby certify that, having carefully examined the foregoing balance-sheet and statements 1. That, having carefully examined the foregoing balance-sheet and statements (marked (marked respectively " A " and " B "), we are satisfied that they have been correctly compiled from respectively " A " and " B "), I am satisfied that they have been correctly compiled from the books the books and accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, and accounts of the bank. properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, date thereof. properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the Dated this 27th day of June, 1901. date thereof. JAMES EMBLING, General Manager. 3. That I have verified so much of the cash, investments, securities, and assets of the bank RICHAED W. GIBBS, Accountant, 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 27th day of June, 1901. A. MACINTOSH, Chief Auditor.

Reserve Fund.

Approximate Cost of Paper.— Preparation, not given; printing (1,410 copies), £ lis. 6d.

By Authority : John Mackay, Government Printer, Wellington.—l9ol. .Price 3d.)

Balance £ s. d. £23,474 7 4 Balance from year ended 31st March, 1900 £ s. d. £23,474 7 4 The above are the statements, marked "B," referred to in the certificates attached. — A. M. J. E. R. W. G., Accountant.