THE COLONIAL BANK.

Auckland Star, Volume XXV, Issue 223, 18 September 1894, Page 2

THE COLONIAL BANK.

, Dunedin, Monday. The Directors of the Colonial Bank, in their 40bh reporb to be presented to tha half-yearly meeting, state :—u The 'no* profit for the half-year,: after deducting!' tereat paid and accrued on fixed deposits rebating bills under discount, and charging v all expenses of management, rent, etc., duly providing for bad and • doubtful debts, amounts to £18;674 6s 7d. To this has to ba . added.-thfl. balance from the lasb, year,: ■ £5,791 14s 4d, £24,466 6s lld, and there ' must be. deducted the tax on note circ-la* tion.and land and income tax, £2,238 9s 2s. leaving available £22,227 lis 9d,_ which tha directors recommend to be applied as follows :—Paymenb of dividend at the rate ot 7 per cent, on the paid-up capital, £14,0005 balance to be carried forward, £8,227 lis 9d ; total, £22,227 lis 9d. A provision' arrangement for bhe amalgamation of tbe Bank of New Zealand and tbis bank a now before the Legislature, and : shouia ■ they approve of it, resolutions for your approval will be submitted to you at a meeting." j