HALF-YEARLY MEETING OF THE BANK OF NEW ZEALAND.
Auckland, April 22.
The thirty-seventh half-yearly meeting of the Bank of New Zealand was held at noon to-day. The directors report as follows : —The net profit on 31st March, after having duly provided for all bad or doubtful dependencies, and for usual reduction in bank premises and furniture accounts, amounts to 1/74,101 17s. 4d., to which has been added the premium obtained on the sale of the balance of new shares, L17 : 193, and the balance from half-year ending 30th September, 1879, L 5890 (is. 5d., making a total available for division of L 97,185 3s. 9d., which it is recommended to be appropriated as follows : —Payment of dividend at the rate of 10 per cent, per annum, L 50,000 ; bonus of ss. per share, equal to 5 per cent, per annum, L 25,000 ; balance carried to profit and loss new accounts, L 22,185 3s. 9d.; total, L 97,185 3s. 9d. The dividend and bonus will be payable at the head office, Auckland, on Saturday, 24th April, and at the branch offices on receipt of advice.
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