BANK OF N.Z.
THE YEAR'S ACCOUNTS. PROFITS AMOUNT TO £357,000. WELLINGTON, June 1. The annual report and balance-sheet of the Bank of New Zealand for tho year ending March 31 show the profits to have been £357,093, less interest on guaranteed stock £21,292, leaving £336,800. From this, £50,000 has I>een. allocated in reduction of bank .premises, etc., leaving a balance to profit for the year of £235,800, which, with £57,070 from last year, totals £432,971. From this there has been paid dividends amounting to £104,297, leaving available for distribution £238.074, from which dividends on "A" shares amounting to £20.000 are proposed to bo paid, a dividend on ordinary and "B" preference shares amounting to £74,908, and a 3 per cent, bonus on ordinary and "B" preference shares, absorbing £37,301.
It is also proposed to transfer to the reserve fund £50.000. making the reserve fund £2,062.141. and to carry forward £5(5,464. Shillings and ponce have been omitted from all amounts. *.. .. ™—vv" "•*"" ""~T'V\!f)tfc ** £f ■ lO"*" •""■■**»VJi"**
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Bibliographic details
Ashburton Guardian, Volume XXXVI, Issue 8464, 1 June 1916, Page 5
Word Count
164BANK OF N.Z. Ashburton Guardian, Volume XXXVI, Issue 8464, 1 June 1916, Page 5
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