BANK OF NEW: ZEALAND.
Pap Press Association!
WELLINGTON,: June 4.; ] The.Bank of New Zealand's balancfesheet for the year ended March iSlst shows that the profits, after making the'; usual; allowances, amounted <■ to £368,150, as against £369,922 for; .the ■previous year. From this has tpSbe. deducted interest on guaranteed stock (£4000) ' and ' reduction of bank j premises and furniture (£15,000),;: leaving a balance .of profit for the year,; of £313,150. ..To.this has to be.addedf.the balance brought forward from >last year (£54,097), - making a total; of £367,428. The interim • dividend ; at 5 per cent., which has already been paid, absorbed £50,000,? leaving £317,248 available for distribution. This .the directors propose to dispose of as.fol-low-s : 3£ per cent, dividend on preference shares (£18,750),'.5 percent.! dividend oil' ordinary 'shares' (£25,000), -'-& bonus of- 2J per . cent, on ordinary .shares (£12,500), transfer to reserve fund ■ £200^000 (making the Teserve fund £250,000), leaving; a, balance to be carried forward of £60,998. \ti
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Bibliographic details
Ashburton Guardian, Volume XXIX, Issue 7814, 5 June 1909, Page 1
Word Count
155BANK OF NEW: ZEALAND. Ashburton Guardian, Volume XXIX, Issue 7814, 5 June 1909, Page 1
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