BANK OF NEW ZEALAND.

Auckland Star, Volume LVII, Issue 135, 9 June 1926, Page 4

BANK OF NEW ZEALAND.

TEN YEARS' TRADING. SUBSTANTIAL EARNINGS. The following comparative table; furnish an indication of the earning capacity of the Bank of New Zealand., and its financial position: Profits. Dividend , ;. Eeserves. £ £ £ 101* .... .",:-j.SOI 23«,30" CUIS.&Jo 1917 41>,4'J» 1!3T.0W .l.lib,^ IOIS .... 137..V» -$&!}?: 1010 .... -i:;s,<cj ■JoT.rj'H) :.4t0.-^ 10-Jij 4'59.W; Ji>S.7'>" J.ii-M.o-'" i92i .... Ninv-flu ■ua.vM i.ss6,ut« 19-2- .... tfs-'.04.'; -Hi..","' J.lOo.si'J IQ- , :; 553.ti3S 412,-">>' J.'J-re.yo' lyiil ■.'.'.■. 7:;.%,>::: -5:.7..'; i»; r5;^ J . l'V'.-, Slavs'") .-.!-2.."<>i 2.575.0U0 10-20 912,160 &Z\36G J.iii.WJ In 1020 £1,125,000 was transferred from reserves to capital. The Government's share of the dividends totalled £737,390 for the last five years. Further details are furnished in the following table, from which it will be seen that apart from its share of dividends the State receives a substantial amount in taxation:

•Less provision for contingencies. The big increase from the year 1923 to 1924 ia partly accounted for in that during the latter period the ordinary revenue was supplemented by £148,112, surplus on realisation of British Government securities, and £154,405, provision previously made for certain doubtful advances, but found to lie unnecessary. Similarly the figures for 1'.12G include £100,000. part of a provision made tor anticipated loss on transfer of surplus funds from London, and not now required. But even after making these allowances, it is evident that the bank's earning capacity has been woll maintained. The following tables.set down balancesheet movements since 19KJ: LIABILITIES.

It will be noted from these comparisons that against liabilities of £39,213,965 there were, at March 31st, £26,906,943 of liquid assets within easy reach, cash, notes, bills renewable in London, Gfovemment securities, etc. Then, in addition, there were £22,796,696 of ordinary trading advances and the bank premises.

10 Iβ 1017 101S 1919 .... 1920 11W1 .... WJrl tj-Si .... V.fli j92:i 103J .... Gross Income. •£ 801,337 !»S4.011 1.100,44-2 1.217,153 1.376,83s 1.S44.017 1 ,Si'i9,-J-j6 1,54*5.041 2.0413SU 1.773,33: l.'ct&S.GOO Expenses. £ M7.148 3-"i2,23O 371,650 430,10'.) .-,10.467 r>S2.ij'MJ .■W37.4OG GiJ0,06S Taxes. 13T,00e KIS.O5-J :M6,3So 386,'JM 4.-)6,4S-J 483,005 G77.S4U 445,671 3s9,6tU 30-7,343 354,381

Notes. Bills. Deposits. s. £ £ £ 1016 .... 1.302,823 1.707. -UO 23,5u3,<m 1917 2.000,325 2.007,0cS 29,032,T«X 191S :;.:{l-2,O90 li.329,550 a0,437,937 1919 3,728,249 2,860,301 31,716,353 1920 5,765,337 :!, 708,303 37.661,611 1921 4.7-11,492 4,110,374 34,473,653 1922 4,294,230 H,713,17o 2S,676,60a 1023 4,064,695 3,739,310 :*,003,9-T 1024 4,072,101 3,26.-5,510 30,501,71» 192-3 4468.844 3,613.000 30,O70,*J»* 1026 4,444.392 3,G48.2<j 31.121.2SS ASSETS. f £ £ Liquid. Advances. Premises. 1916 19.431.0S0 11,844,767 441,887 1017 32.0S2.870 1.J.74C.4S5 450,81b 1913 -_>2,626,10K 17,736,7-")5 425,824 1919 .... 23,948,301 18,865,535 3a»,8B< 1920 33,120,000 10,431,848 .',01,10s 1921 13,922,313 30,508,630 337,4b-J 1922 18,250,158 24,733,560 296,473 1923 .... 25,423,-i?7 19,341,762 308,iHa 1924 26,363,763 20,128,292 352,4 H 1925 .... 33,670,313 20,014,235 437,761) 1920 26,966,94a 22,662,090 484,103