8.—15

Pbofit and Loss. £ s. d. £ s. d. j £ 8. d Dividend on C long-term mortgage shares .. .. .. 7,031 5 0 Balance at 31st March, 1938 .. .. .. .. .. .. 654,739 15 8 Dividend on D long-term mortgage shares .. .. .. 17,578 2 6 Dividend on preference B shares .. . . . . .. 68,750 0 0 Dividend on ordinary share capital .. .. .. .. 187,500 0 0 280,859 7 6 Balance carried down .. .. .. .. .. .. .. 373,880 8 2 £654,739 15 8 £654,739 15 8 Dividend paid 10th December, 1938— £ s. d. £ s. d. £ s . d. Dividend on preference A shares .. .. .. .. 50,000 0 0 Balance brought down .. .. .. .. .. .. .. 373, 880 82 Interim dividend on C long-term mortgage shares .. .. 7,031 5 0 Pronts for year ended 31st March, 1939, including recoveries, and Interim dividend on D long-term mortgage shares .. .. 17,578 2 6 after payment of and provision for all interest due and accrued Interim dividend on preference B shares .. .. .. 31,250 0 0 on deposits, provision for bad and doubtful debts, depreciation Interim dividend on ordinary shares .. .. .. 187,500 0 0 of furniture, and for the annual donation to the Provident 293,359 7 6 Fund are .. .. .. .. £1,684,989 19 1 Balance, being profit for the year .. .. .. .. 585,940 12 4 1,684,989 19 1 To which has to be added amount brought forward from last year 373,880 8 2 Less — Salaries and allowances at Head Office and £ s. d. 959,821 0 6 230 branches and agencies .. .. 576,233 2 10 Less dividend paid, as above ... .. .. .. 293, 359 7 6 Directors' remuneration, including London — 666,46113 0 Board and local directors in Australia .. 9,250 0 0 General expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises, &c. .. .. .. 142,462 19 2 Audit Expenses Account .. .. 3,010 0 0 Rates and taxes .. .. .. 368,093 4 9 : ■ 1,099,049 6 9 585,940 12 4 £959,821 0 6 £959,821 0 6

3