8.—15.

BANE OF NEW ZEALAND. "A."—Balance-sheet as at 31st March, 1928.

2

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 .. .. .. 7,527,425 19 4 Preference A fully paid £1 shares issued to the New Government notes —Commonwealth, Fijian, and Samoan Zealand Government .. .. .. .. 500,000 0 0 Administration .. .. .. .. .. .. 81,628 10 0 C long-term mortgage shares issued to the New Zealand Notes of other banks (legal tender) .. .. .. .. 40,603 0 0 Government, paid up .. .. .. .. 175,781 5 0 Balances due by other banks .. .. .. .. 195,635 0 2 D long-term mortgage shares — £ s. d. Bullion on hand and in transit .. .. .. .. .. 5,530 16 6 Paid up .. .. .. 351,486 5 0 Money at call and short notice, Government securities, and Paid in advance .. .. .. 88,942 5 0 other securities in London .. .. .. .. 7,119,804 16 8 440,428 10 0 Bills receivable in London and in transit .. .. 2,885,327 8 10 Preference B fully paid £1 shares issued to the New 10,005,132 5 6 Zealand Government .. .. .. .. 1,375,000 0 0 New Zealand Government securities .. .. .. .. 3,644,300 2 5 Ordinary shares of £1 fully paid .. .. .. 3,750,000 0 0 Australian Government securities .. .. .. .. 2,068,385 2 8 ■ 6,771,198 5 6 Municipal and other local bodies'securities .. .. .. 979,586 7 3 Reserve Fund .. .. .. .. .. .. 3,025.824 13 11 Bills discounted .. .. .. .. .. .. 1,294,654 2 2 Notes in circulation .. .. .. .. .. .. 3,797,080 0 0 Other advances and securities and debts due to the bank, Deposits .. .. .. .. .. .. .. 30,339,033 8 2 after deducting provision for bad and doubtful debts .. .. 21,453,565 3 7 Balances due to other banks .. .. .. .. .. 30,425 9 6 Remittances in transit between branches .. .. .. 1,343, 797 11 11 Bills payable and other liabilities (including provision for • Landed property, premises, &c. .. .. .. .. 533,596 10 5 contingencies) .. .. .. .. .. .. 3,954,878 3 1 Liabilities of customers for acceptances, per con tra .. .. 89,500 8 4 Reserve for taxes .. .. .. .. .. .. 426,000 0 0 Long-term Mortgage Department .. .. .. .. 616,209 15 0 London Office acceptances under credits.. .. .. .. 89,500 8 4 Transfers from Long-term Mortgage Department .. .. .. 296,448 0 1 Balance of profit and loss .. .. .. .. . • 1,149, 162 6 8 £49,879,550 15 3 |£49,879,550 15 3 ======= =========== Long-teem Mortgage Department. £ s. d. £ s. d. Long-term Mortgage Fund— Capital .. .. .. .. .. .. 616,209 15 0 Loans .. .. .. •• •• .. .. .. .. 319,76114 11 Transfers to bank .. .. • • • • ■ ■ .. . • .. 296, 448 0 1 £616,209 15 0 £616,209 15 0 This is the balance-sheet referred to in the certificate on attached Profit and Loss Statement marked " B." — A. P. Green, Chief Auditor.