BALANCE-SHEET OF THE BANK OF NEW ZEALAND AS AT 31st MARCH, 1933.

Appendix to the Journals of the House of Representatives, 1933 Session I, B-15

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1933. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND AS AT 31st MARCH, 1933.

Laid before both Houses of the General Assembly in 'pursuance of Section 24 of the Bank of New Zealand and Banking Amendment Act, 1898.

BANK OF NEW ZEALAND. Incorporated by Act of tie General Assembly, 29th July, 1861. Bankers to the Government of New Zealand. Authorized Capital. £ s. d. Four-per-cent. stock (guaranteed by New Zealand Government) .. .. 529,988 10 6 Preference A shares —500,000 at £1 . . . . . . .. .. .. 500,000 0 0 C long-term mortgage shares—46B,7so at £1 .. .. .. .. .. 468,750 0 0 D long-term mortgage shares —937,500 at £1 .. .. .. .. .. 937,500 0 0 Preference B shares —1,375,000 at £1 .. .. .. .. .. 1,375,000 0 0 Ordinary shares —3,750,000 at £1 .. .. .. .. .. .. 3,750,000 0 0 £7,561,238 10 6 Subscribed Capital. £ s. d. Four-per-cent. guaranteed stock . . .. . . . . .. .. 529,988 10 6 Preference A shares issued to the New Zealand Government .. .. .. 500,000 0 0 C long-term mortgage shares issued to the New Zealand Government .. .. 234,375 0 0 D long-term mortgage shares .. .. .. .. .. .. 468,750 0 0 Preference B shares issued to the New Zealand Government .. .. .. 1,375,000 0 0 Ordinary shares .. .. .. .. .. .. .. .. 3,750,000 0 0 £6,858,113 10 6 Capital paid up. £ s. d. Four-per-cent. guaranteed stock .. .. .. .. .. .. 529,988 10 6 Preference A shares .. .. .. .. . . .. .. 500,000 0 0 C long-term mortgage shares .. .. .. .. .. .. 234,375 0 0 D long-term mortgage shares .. .. .. .. .. .. 468,750 0 0 Preference B shares .. .. .. .. .. .. .. 1,375,000 0 0 Ordinary shares .. .. .. .. .. .. .. .. 3,750,000 0 0 £ s. d. 6,858,113 10 6 Reserve Fund .. .. .. .. .. .. 3,575,000 0 0 Undivided profits .. .. .. .. .. 344,795 1 5 3,919,795 1 5 £10,777,908 11 11

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BANK OF NEW ZEALAND. " A "—Balance-sheet as at 31st March, 1933. Liabilities. Assets. Capital— £ s. d. £ s. d. £ s. d. £ s. d. 4-per-cent. guaranteed stock .. .. .. .. 529,988 10 6 Coin, cash balances, and deposits with bankers .. .. 8,304,677 22 Preference A fully paid £1 shares issued to the New Zealand Government notes : Commonwealth, Fijian, and Samoan Government .. .. .. .. .. 500,000 0 0 Administration .. .. .. .. .. 114,601 0 0 C long-term mortgage fully paid £1 shares issued to the New Notes of other banks (legal tender) .. .. .. 13,614 0 0 Zealand Government .. .. .. .. 234,375 0 0 Balances due by other banks .. .. .. .. 68,607 16 10 D long-term mortgage fully paid £1 shares .. .. 468,750 0 0 Bullion on hand and in transit .. .. .. .. 7,059 5 9 Preference B fully paid £1 shares issued to the New Zealand Money at call and short notice, Government securities and Government .. .. .. .. .. 1,375,000 0 0 other securities in London .. .. .. .. 6,266,397 2 9 Ordinary fully paid £1 shares .. .. .. .. 3,750,000 0 0 Bills receivable in London and in transit .. .. .. 1,631,597 13 6 6,858,113 10 6 New Zealand Government securities .. .. .. 3,454,146 9 11 Reserve Fund .. .. .. .. .. .. .. .. 3,575,000 0 0 Australian Government securities .. .. .. .. 3,974,744 3 0 Long-term mortgage debenture stock .. .. .. .. .. 607,050 0 0 Municipal and other local bodies'securities .. .. 520,481 11 1 Notes in circulation .. .. .. .. .. .. .. 4,338,747 0 0 Remittances in transit between branches .. .. .. 1,356,645 13 4 Deposits .. .. .. .. .. .. .. .. 32,573,238 18 8 25,712,571 18 4 Balances due to other banks .. .. .. .. .. .. 30,826 4 6 Bills discounted .. .. .. .. .. .. 594,419 1 9 Bills payable and other liabilities (including provision for contingencies) .. 3,529,577 19 10 Other advances and securities and debts due to the bank, after deducting proReserve for taxes .. .. .. .. .. .. .. 426, 000 0 0 vision for bad and doubtful debts .. .. .. .. .. 24,485, 448 14 7 London Office acceptances under credits .. .. .. .. .. 27,517 15 9 Landed property, premises, &o. .. .. .. .. .. .. 632,771 8 3 Transfers from Long-term Mortgage Department .. .. .. .. 155,553 0 6 Liabilities of customers for acceptances, per contra .. .. .. .. 27,517 15 9 Balance of profit and loss .. .. .. .. .. .. 641,279 8 11 Long-term Mortgage Department .. .. .. .. .. .. 1,310,175 0 0 £52,762,903 18 8 £52,762,903 18 8 Long-term Mortgage Department. Long-term Mortgage Fund— £ s. d. £ s. d. Capital .. .. .. .. .. .. .. .. 703,125 0 0 Loans.. .. .. .. .. .. .. .. .. 1,154,621 19 6 Debenture stock .. .. .. .. .. .. .. 607,050 0 0 Transfers to bank .. .. .. .. .. .. .. 155,553 0 6 £1,310,175 0 0 £1,310,175 0 0

This is trie balance-sheet referred to in the certificate on attached Profit and Loss Statement marked " B."— A. Hempton, Chief Auditor.

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" B "— Pbofit and Loss. £ s. d. £ s. d. £ s d Dividend on C long-term mortgage shares .. .. .. 7,031 5 0 Balance at 31st March, 1932 .. .. . 846 748 19 11* Dividend on D long-term mortgage shares .. .. .. 17,578 2 6 "' Dividend on preference B shares .. .. .. .. 139,583 6 8 Dividend on ordinary share capital .. .. .. .. 287, 500 0 0 — 451,692 14 2 Balance carried down .. .. .. .. .. ~ 395 05g 5 9 £846,748 19 11 £846/748 19 11 Twelve months' interest on guaranteed stock .. .. .. .. 21,199 8 11 Balance brought down .. .. . "q Dividend paid 10th December, 1932— £ s . d. Profits for year ended 31st March, 1933, including recoveries ' On preference A shares . 50,000 0 0 surplus on maturity and realization of investments and other On C long-term mortgage shares 7,031 5 0 profit of a non-recurring nature, after making full provision On D long-term mortgage shares 17,578 2 6 for all bad and doubtful debts by a transfer of a portion from On preference B shares 39,062 10 0 Contingencies Account, payment of and provision for all On ordinary shares 234,375 0 0 interest due and accrued on deposits, and provision for the £ s. d. 348,046 17 6 annual donation to the Provident Fund are .. .. 1,746,339 3 7 Balance, being profit for the year .. .. .. .. 594,270 0 8 Less To which has to be added: Amount brought forward from last Salaries and allowances at Head Office and £ s. d. y ear •• ••. •• •■ •• •• •• 395,056 5 9 # 227 branches and agencies .. .. 514,858 16 11 Directors' remuneration, including London T ~ .. _ ~ . 989,326 6 5 Board and local directors in Australia .. 9,708 6 8 Less dividend paid, as above .. .. .. .. 348,046 17 6 General expenses, including rent, stationery, 641,279 8 11 telegrams, postages, travelling, repairs to premises, &c. .. .. .. 116,444 14 0 Audit Expenses Account .. .. 3,182 10 0 Rates and taxes . .. .. 486,675 6 5 1,130,869 14 0 615,469 9 7 £1,010,525 15 4 £1,010,525 16 4

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" B "— continued. — Reserve Fund. £ s. d. £ s. d. Balance .. .. .. .. .. .-. .. .. 3,575,000 0 0 Balance per last statement .. .. .. .. .. .. 3,575,000 0 0 £3,575,000 0 0 £3,575,000 0 0 CERTIFICATES. We hereby certify that, having carefully examined the foregoing balance-sheet (marked " A ") and statements, we are satisfied that they have been correctly compiled from the books and accounts of the bank, and that the 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. Dated this 25th day of May, 1933. H. Btjckleton, General Manager. A. W. Hall, Accountant. I, Arthur Lewis Hempton, 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 31st day of May, 1933. A. Hempton, Chief Auditor.

Approximate Cost of Paper. — Preparation, not given ; printing (410 copies), £3 10s.

By Authority: G. H. Loney, Government Printer, Wellington.— 1933.

Price 3d.]

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