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• " SEVENTY-NINTH KEPORT " f OF THE DIRECTORS OF THE IBANK OF NEW .SOUTH WALES TO THE HALF-YEARLY GENERAL MEETING OF THE PROPRIETORS, - HELD AT THE CHIEF BANKING HOUSE, ON WEDNESDAY, THE ,30th DAY OF APEIL, 1890. ) fTIHE Directors have the pleasure to submit to the Proprietors a Statement of the ) S_ Assets and Liabilities of the Bank on the 31st March last, with the Auditor's ' Report and Declaration. , , The net profits for the Half-year, after deducting Rebate on Current Bills, Interest on Deposits, paying Note Tax in the Colonies, providing for Bad and Doubtful Debts, and reducing valuation of Bank Premises, amount to £118,702 12 3 To which is to be added— Undivided Balance from last Half year , 9,928 16 8 Giving for distribution ... £128,631 811 Which the Directors recommend to be appropriated as follows— To payment of dividend at the rate of 15 per cent, per.' annum > 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 ' „ Balance carried to " Profit and Loss," New Accouut 9,256 8 11: 'y ■ £128,631 8 11 With the above appropriation the Reserve Fund will amounr to £950,000. During the past half-year the Branches at Tuena, in this colony ; at Nanango, in \ Queensland ; and at Fremantle, Western Australia, have been closed, and during the ' same period Branches have been opened in. Pitt street, Sydney ; at Casino, Cooper- \ nook, and Tocumwal, in this colony ; at Bairnsdale, in Victoria; and at Barcaldine, in Queensland. It will be-the duty of this Meeting to elect a Director in the room of Robert \ Lucas Tooth, Esq., who has resigned in consepuence of his departure from the colony. The vacancy on the Board thereby occasioned was filled by the appointment, in terms 1 of the Deed of Settlement, of Charles Smith, Esq., who now offers himself as &> candidate for election, and has given the requisite notice accordingly. 1 The Board regret to report that through the recent lamenta^j shipAvreck of the , Quetta, the Bank lost its Queensland representative, Me Alexander Archer, one of its oldest, most faithful and experienced officers. ' \ The Dividend will be payable at the Head Office to-morrow, and at the Branches on receipt of advice. : For and on behalf of tbe Board of Directors. THOMAS BUCKLAND, * " • President. Aggregate Balance Sheet of the BaniC of New South Wales, March 31st, 1890 # (Including London Branch to 31at December, 1889, and New Zealand Branches Dr. to 3rd March, 1890.) : Or. £sd• £ s d ToßankStcwk 1.250,000 0 0 By Coin and Cash Balances 3,314,433 0 3 ■„'Reserve Fiind 940,000 0 0,, Bullion...- 53,238 10 2 „ Notes in Circulation... 650,570 0 0 „ Government Secxirities 445,729 6 0 „ Bills Payable 1,661,785 19 9 „ Notes of other Banks 7,896 0 0 „ Deposits and other „ Bank Premises ... 535,602 3 5 liabilities 18,141,038 3 2 „ Bills Receivable, Bills „ Profit and Loss ... 149,774 0 2. Discounted and other Debts due to the Bank 18,434,957 12 0 ■'; : „ Insurance Account ... ■ 1,311 11 3 £22,793,168 3 1 « £22,793,168 3 1 Dr. Profit and Loss, March 31, 1890. Or. 1890. I sIT 1889. £ s d Mar. 31. To Rebate (at cur- . Sept. 30. By amount from rent rates) onßills last Account ... 9,928 16 8 Discounted not ' 1890. due at this date 21,142 11 3 Mar. 31. „ Balance of Half-* „ Dividend at the ' year's Profits^ rate of 15 per cent after providing per annum ... 93,750 0 ft for bad ana „ Bonua at the rate doubtful Debts,of 2^ per cent per and including annum ... ... 15,625 0 0 recoveries from „ Augmentation of Debts previousthe Reserve Fund . 10,000 0 0 ly' written off „ Balance carried as Bad... ... 139,815 3 6 to "Profit and Loss" New Ac- • ' r ' count 9,256 8 11 £149,774 0 2 : £149,774 0 2 Reserve Fund, March 31st, 1890. " Dr. . Cr. 1890 £ s. d. .1889 £ - B . d. March Slsti To Balance... 950,000 0 0 Sept. 30. By Balance ... 940,000 0 0 1890. | . March 31st. By amount from Profit and Loss ... 10,000,0 0 £950,000 0 0 £950,000 0 0 ALFREDS. MILSON, \ . Audited, 29th April, 1890. J. S. HARRISON, J AUDITORS5112 MILNBR & THOMPSONS GREW PATENT TONING DEVICE BY WHICH A PIANO STANDS PERMANENTLY IN TUNE AFTER THE STRINGSARE ONCE STRETCHED' n IS THE BEST PATENT EVER DISCOVERED FOR PIANOS, AND WILL LAST 200 YEAES. A SPECIAL First Award' has just been given to the Firm by the Jurors at the Dunedin Exhibition, — ' ALSO— -. ■ . A First Award for Giand Pianos. A FirsJ; Award for Cottage Pianos,— Or Three First Awards being the highest possible distinction that could be gained. The Prices of our Two Models as exhibited at the Exhibition are respectively 60 *nd 70 guineas, but we have Pianos with Iron Frames from £30, any of which can be purchased on Two Years' Hire Purchase System, &c. ■ 'W M. JONES, ' ■ AGENT.

THE MIEEOR," 1 A HIGH-CLASS Weekly, Social - Political, Literary, and Dramatic paper, to be published every FRIDAY, price 3d, by the Centennial Printing and Publishing Company, Limited, Melbourne Place, Russell Street, Melbourne IF YOU "WANT" GENUINE" VALUE FOR YOUR MONEY, TRY W. W. SPENCER'S, HE is now offering the best value ever had in Ashburton. A large and well assorted stock of DRAPERY, CLOTHING; AND BOOTS Flannel Is a yard. Good heavy dress tweeds all colors B|d per yard. : Winter Homespuns 7|d. j Cashmeres and Merinos in all colors at i very low prices Blankets, in grey, white, and blue, at very low prices. ...... Quilts, calicos, flannels, hollands, and shirtings, Cheaper than ever. Double width white sheeting 7£d. Mens, boys, and youths suits. Sox, shirts, and hats at prices before never known. BOOTS, BOOTS, BOOTS. The cheapest Boots and the Best Boots ever had in Ashburton are at W. W. SPfIIBER'J THE ARCADE. Men's Bluchers 6s lid.. Men's shooters 10s 6d. Children's p lent leather slippera, shoes and boots. Extra value very cheap. [ Ihe best school boots for boys and girls in Ashburton at W. W. SPENCER'S |__ARO BE, ASHBUKTOK MISS BARRATT'S SCHOOL, ■ Cameron Street, West. WILL Re-open on MONDAY, 19th inst. Subjects taught English, Music,, Drawing, and-iSinging. Miss Barratfc will be at home from 14th, Cameron Street, West, Ashburton,' May 12th, 890. 5 85 ASHBURTON COAL & FIREWOOD DEPOT.; EQ "' T> E A N, . O. ±J EAN, • ' OAL & FIREWOOD MERCHANT? OATS BEAN CHAFF ETC.

ANNOUNCEMENTS ASHBURTON " GUARDIAN? 7""" IN consequence or the recent alterations in the time of departure of the Mount Soniers train, and the Longbeach Coach, we shall in future publish two editions of the "Guardian" the first edition s^oing to press at 3.30 p.m. • ALL ACCOUNTS due to me must be paid to me or to Mr J. C. Cork, Solicitor, Ashburton, on or before the 21st DAY of MAY instant, or legal proceedings will be taken to recover the same without further notice. Dated this 6th day of May 1890. JAMES GUDSELL, Grocer, <&c, 4 65 Tinwald. THE ■ SONS & DAUGHTERS OF TEMPERANCE FRIENDLY BENEFIT SOCIETY. THE Special Advantages offered by this Society are—lst, a large invested fund; 2nd, the funeral donation being reassured by the National Division ; 3rd, a liberal relief during sickness, with choice of any doctor within the district for members and their families, and as large funeral donation as is I consistent with safety. The Grand Division has established a Central Sick Fund, which secures uniformity of fees and benefits throughout New Zealand ; allows members to move from one division to another without any increase of contributions, and affords absolute security to small or weak divisions, Bknefit for Male Members :—First six months' sickness, 20s per week; second six months, 13s ; afterwards, 10s; death of a member, £30; death of a member's wife, £10. Half the above benefits are received by female members. Honorary Members of both sexes shall be entitled to the services of the physician and apothecary, providing they pass a: satisfactory medical examination, and recoup to the Division the amount of fees payable by it to those officers on their account. ' The pledge originally adopted has remained unchanged until the present time, and by it all forms of intoxicating drinks are proscribed. The position the Sons and Daughters of Temperance occupy is a standing testimony of the value of Total Abstinence principles, and compares favorably with any. other Friendly (society ; the sickness rate showing one-third less than that of other Societies not based on total abstinence principles; the death rate being only six per thousand in the Sons and Daughters of Temperance, as against nine per thousand, the yearly average death rate of other Societies. ' This Order should command the support and attention of all earnest temperance workers, as it gives uncontrovertible testimony of the value of total abstinence to the health of the body; exerts a decided influence on public opinion, and provides an opportunity for total abstainers to make provision for themselves in case of sickness, accident, or death. ] The Lodge meets MONDAY, 12th May, and each alternate Monday, at the Templar Hall, Ashburton, at 8 p.m. ' , Every Total Abstainer Suodld Join. ' i 213 W, MURRAY, Sec,

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18900516.2.37.3

Bibliographic details

Page 3 Advertisements Column 3, Ashburton Guardian, Volume XIV, Issue 2431, 16 May 1890

Word Count
1,498

Page 3 Advertisements Column 3 Ashburton Guardian, Volume XIV, Issue 2431, 16 May 1890

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