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! Auctions SATURDAY. 17th NOVEMBER. I\/TR T. BULL' CX will Bell by Anotlon J.v_L on acoount of Mr W. S. Kino, Ohrlstchuroh. Lots, 69 and 90. Gro*n Lane and Town Bait, East. Mr King having sold tho houses which have been removed, bai now deolded to sell the sections. Sata at 12 30. 11J50 T. BULLOCK, Auctioneer. SATURDAY, 17xh NOVEMBER. Property well slmated m Tinwald for sale. MR T. BULLOCK has reoolved Instructions from Mrs Corrigan to sell by Publio Auction at the Aro»de on SATURDAY, 17th NOVEMBER. Lots 78 snd 87 fronting Main South Road, Tir wald, on whioh ara erected 2 •Shops with dwellings, also 6-R omed dwelling House, attaohed, Stable and outhouses at the back This property is well situated, fronting main thoroughfare, aad not far frrm the Railway Sta' lon, Terms Liberal. Inspection Invited. Sale at 12.15 o'olook. T. BULLOCK, 11 47 Auctioneer. b»»*-bb-----MMb«MMbb»b»Mb-^-»-W BANK OF NEW SOUTH WALES. THE following Is the seventy-sixth reportof the directors of tbe Back of New South Wales, to the half-yearly general meeting of the. proprietors, held at the Cbief Banking House oo Wednesday the 31«t day of October, 1888 :— The Dheotors have the pleasure to submit to the proprietors a statement of the aasats aod liabilities of the Bank on the 30th September la«t, with the auditors' report and declaration : — £ s. d. The net profits for the halfyear, after deduoting rebate on ourrent bills, interest on deposits, paying note tax m the colonies providing for bad and doubtful debts, and reducing valuation of Bank premises amount to . . 121,267 6 3 To which is to be added — Undivided balanoe from last half year .. .. 6,393 610 Giving for distribution £127,660 13 1 Which tbe Directors reaommend to be appropriated as follows :— £ s. d; To payment of dividend at the rate of 15 per oent per annum .. 93,750 0 0 Bonus at tbe rate of 2£ per cent, per annum 15,625 0 0 Augmentation of the reserve fund .. 10,000 0 0 Balanoe oarried to profit and loss new aooount .. 8,285 13 1 - — , £127,66013 1 With tho above appropriation the reserve fund will amount to £920,000. Daring the p*Bt half-year branches of the Bank have been opened at Burwood and Broken Hill In this colony, and at Fortitude Valley In Queensland, whilst those at Cromwell, N.Z, and Meirlwe, N.S.W , havo been closed. It, will be the duty of this meeting to elect a Director ln the room of J. R HUI, Etq , who retires by rotation, but Ib eligible for re-oleotion, and himself accordingly ; also to elcot a Direotor In the room of Thomas Oadell, Esq., resigned, whcße place bBB meanwhile been filled by tbe appointment of J. TWalker, Etq., a dnly qualified shareholder, who has given the requisite notice that be is a candidate. It will be necessary also to Gleet Auditors In the room of J S Harrison and Sydney Burdekln, , who now retire, the latter being eligible for reelection. Tbe dividend will be payable at the head office to-morrow, and at the branches on receipt of advice. For and on behalf of the Board of Directors. Thomas Btjcklakd, President. Aggregate Balance-sheet of the Bane of New South Wales, S*p timber 30th, 1888 (including London Branch to 30th June, 1888, and New Zealand Branohei to 3rd September, 1888.) _ £ s d To Bank Btock . . . . 1,250,000 0 0 Reserve fund .. .. 910,000 0 0 Notes m circulation . . 652,651 0 0 Bills payabl 1,794,375 110 Deposits and other liabilities .. .. 16,358,380 1 9 Profit and lobb.. .. 158,593 10 5 £21,118,999 14 0 Or. £ 8 d By ooin and oa.h balances 3,155,694 10 6 Bullion 52,612 2 1 Government securities 137,666 13 6 i Not ob of other Banks.. 17,596 0 0 Bank Premises. . .. 513,509 11 9 Bills receivable, bills j discounted, and other debtß due to the Bank. 17,240,463 17 10 Insurance aooount . . 1,456 18 4 £21,118,999 14 0 Profit and Lobs, September 30th, 1888. Dr. 1888. £ B d Sept. 30. To Rebate (at ourrent rates) on bills discounted not due at this date .. 25,932 17 4 Dividend at the rate ' of 15 per cent per annum .. .. 93,750 0 0 Bonus at the rate of 2£ per cent; per annum ".. .. 15,625 0 0 Augmentation of the reserve fund . . 10,000 0 0 Balanoe carried to "Profit andloas," new aooount .. 8,285 13 1 £158,593 10 5 1 1888, £ s d Mar. 31. By amount from last aooount.. .. 6,893 6 10 Sept. 30. Balanoe of half year's profits, after providing for bad and doubtful debts, and inoluding recoveries from debts previously written off as bad 147,200 3 7 $163,593 10 fi Reserve Fond September 30th, 1888. Dr. 1888 £ ad Sept, 30. To Balanoe .. 920,000 0 0 £920,000 0 0 1 Or. 1888: £ s d Mar; 81. To Balance .. 910,000 0 0 Sept; 30. Amount from profit and loss 10,000 0 0 £920,000 0 0 Audited 30th Qotober, 1888. * JJ S. Harbison \ *,-*•*,,.■ - U 48 Strai; &WIUH/ AutWow.

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Page 3 Advertisements Column 2, Ashburton Guardian, Volume VII, Issue 1993, 10 November 1888

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Page 3 Advertisements Column 2 Ashburton Guardian, Volume VII, Issue 1993, 10 November 1888

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