THE BANK OF NEW ZEALAND.
Auckland, Oct. 22,
The Bank of New Zealand’s half-yearly meeting was held to-day. The report states the net profits to 30th Sept,, after full appropriations for all debts, bad or doubtful, and the usual reduction for bank premises and furniture, to be L 76,152 ; balance from the halfyear ending the 31st of March; 1880, L 22,185— making a total available for division of L 98,337. The following appropriation was recommended—dividend of 10 per cent, per annum, L 50,000;
bonus, ss. per share, equal to 5 per cent, per annum, L 25,000 ; balance carried to profit and loss, new account, L 23,337 — L 98,337. _____________
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