8.—15

1944 NEW ZEALAND

BALANCE-SHEET OF THE BANK OF NEW ZEALAND AS AT 31st MARCH, 1944

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 the General Assembly, '29th July, 1861 Authorized Capital £ s. d. Preference A shares —500,000 at £1 .. .. .. .. .. 500,000 0 0 C long-term mortgage shares —468,750 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 £7,031,250 0 0 Capital subscribed and paid up £ s. d. 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 6,328,125 0 0 £ s. d. Reserve Fund .. .. .. .. .. .. 3,575,000 0 0 Undivided profits .. .. .. .. .. 373,902. 0 0 ——— 3,948,902 0 0 £10,277,027 0 0