B.—Profit and Loss.

Price 3d.\

8.—15.

CERTIFICATES. I, Arthur Richard Wenman Pennefather Green, the Chief Auditor of the Bank of New Zealand, do hereby certify— We certify that, having carefully examined the foregoing balance-sheet (marked " A ") and state1. That, having carefully examined the foregoing balance-sheet (marked "A") and statements, ments, we are satisfied that they have been correctly compiled from the books and accounts of the I am satisfied that they have been correctly compiled from the books and accounts of the bank. bank, and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true 2. That, I am also satisfied that the said balance-sheet is a full and fair balance-sheet, properly and correct view of the state of the bank's affairs at the date thereof. 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 F. E. Corkill, pro General Manager, the date of the said balance-sheet were held at the Head Office, in Wellington, and have had access to Dated this 2nd day of June, 1925. A. H. Butts, Accountant. 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 4th day of June, 1925. A. P. Green, Chief Auditor.

Approximate Cost of Paper.—Preparation, not given; printing (475 copies, £4 55.).

By Authority : W. A. G. Skinner, Government Printer, Wellington.—l92s.

3

£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Dividend on £1,000,000 preference " B" shares .. .. 62,435 13 9 Balance at 31st March, 1924 .. .. .. .. .. 1,2.65,367 2 5 Dividend on ordinary share capital .. .. .. 199,871 7 6 Amount transferred to Reserve Fund .. . . .. 496, 546 10 1 — 758,853 11 4 Balance carried down .. .. .. ■■ .. 506,513 11 1 £1,265,367 2 5 £1,265,367 2 5 Twelfth months' interest on guaranteed stock .. .. | .. 21,199 811. Balance brought down .. .. .. .. .. 506,513 11 1 Dividend paid on 13th December, 1924 — j Profits for year ended 31st March, 1925, including On preference " A" shares, £500,000 .. .. .. 50,000 0 0 recoveries, and after payment of, and provision On preference " B" shares, £1,000,000 .. .. . . 33,333 6 8 for, all interest due and accrued on deposits, On ordinary shares, £3,000,000.. .. .. ..I 200,000 0 0 provision for bad and doubtful debts, and other | 283,333 6 8 j contingencies, for the annual donation to the Balance, being net profit for year.. .. .. .. 819,285 11 8 Provident Fund, also for bonus to the staff .. .. 1,775,323 16 10 Amount brought forward from last year .. .. 506,513 11 1 | Less— 1,325,799 2 9 Salaries and allowances at Head Office and 222 Less dividend paid, as above .. .. .. .. 283,333 6 8 branches and agencies .. .. .. 417,266 2 2 ! ! 1,042,465 16 1 Directors'remuneration, including London Board 7,500 0 0 j General expenses, including rent, stationery, telegrams, postages, travelling, repairs to prej mises, &c. .. .. .. .. 140,256 13 7 Audit Expenses Account .. .. .. 2,4721111 Rates and taxes .. .. .. .. 367, 343 8 7 934,838 16 3 — — 840,485 0 7 £1,346,998 11 8 £1,346,998 11 8 Reserve Fund. £ s. d. £ s. d. Balance .. .. .. .. .. .. .. .. .. 2,575,000 0 0 Balance per last statement .. .. .. .. .. .. .. 2,325,000 0 0 Amount to be added from profits for year ended 31st March, 1925 .. .. 250,000 0 0 £2,575,000 0 0 £2,575,000 0 0