Page 4 Advertisements Column 2

Auckland Star, Volume LXIII, Issue 123, 26 May 1932, Page 4

THE BANK OF AUSTRALASIA (Incorporated by Royal Charier, 1835). , . , £4,500,000 Paid-up Cajiitn 1 '.'!,"•'« i\ Q47=;nnn Reserve Fund (used in the business of the Bank) .... -.JTo.OOO Currency Reserve (used in the business of the Bank) ... JOOO.OOO Reserve Liability of Proprietors under the Charter .... 4,500,000 £13,475,000 NINETY-EIGHTH ANNUAL REPORT'OF THE DIRECTORS OF THE BANK OF AUSTRALAbIA, WITH THE ACCOUNTS FOR THE YEAR TO 12th OCTOBER, 1931, PRESENTED TO THE PROPRIETORS AT THE ANNUAL GENERAL MEETING HELD ON THURSDAY, 31st MARCH, 1932. REPORT. The Directors submit to the Proprietors the Balance-sheet as at 12th October Hstith the Profit and Loss Account for the year to that date After providing W'rebate o,i bills current, for British, Australian and rates and aCCO Bad debts and investment depreciation have been provided for out of Contingency Funds. f £2 ,000,000 has been specially Of the Reserve Fund of * 4 . 4 '£ 000 in the Australian and allocated to Currency Reserve to c ™ e ( P 12th October, 1931. As the New Zealand assets in relation to etei ling as on to 'profit and Lose d& wastes sswsss ssi *is l • U,^r^,^rr P 'a^r*L r indon; A,,*..!,, .»,. H«r Z «U»d on l.t April. .. . . „+_*:,»„ are —Mr. Frederick V. C. LivingstoneI .^th h DSO r S n ilS?e a £: aM Mr! Charles Edward Barnett, who, and Cα, offer themselves fOT of the last MyrtleAustralia, have boon closed. 4, Threadneedle Street, London, MTDLETOT, Chairman. 21et March, 1932. . , . — " fro. 14th OCTOBER, 1930, to 12th OCTOBER, £ B. a. £ a. d. •* t. d. Balance brought forward from October, 192,027 7 4 PrSfor'the Vcar to after deducting Rebate on Bills Cui rent at Balance date ( £10,587/12/0, provision for all bad and doubtful debts, and for investment depreciation having been made out of sums set aside for contingencies in previous years, and for depreciation in Australian and New Zealand currencies out of the Reserve Fund .. 1,315,81" Less: I. Charges of Management— Australasia — _ Salaries and allowances to the stall, including the Superintendent s DeESS? ! nd .. 235 . Bra ! 1 . Ch . e . S . 515,050 » 9 GciieraTWxpcnscs, including rent, repairs, stationery, travelling, etc. . 115,155 9 3 London-Salaries qv« 14 1 General Expenses 9 ' ljo Li L 673,582 10 7. 11. Rates and Taxes— fl Australasia and London 324,089 4 lu 5 (Further liability for British Income 908,* ia Tax—if any—is covered by exist- _J ing provision for contingencies.) 409 5G3 3 2 Add: Exchange adjustment provision made out 85000 Q fl of profits prior to October, 1930 , _I____ 494,563 S 2 From which deduct: Dividend, less Income Tax at 4/6 in 174*7* 0 O the £1 paid 2nd October, 1931 .. 1' 4 ' 375 ° ° Transferred to Dividend Account, i<59125 0 0 . payable Ist April, 1932 343,500 0 0 Balance carried forward per Balance-sheet £151,063 3 2 BALANCE-SHEET, 12th OCTOBER, 1931. ... LIABILITIES. ASSETS. £ 8. d. £ P. «. Circulation ... 333,079 0 O Specie, bullion, GovernDeposits at Interest . 20,639,560 12 6 ment notes, and cash g Curreni Accounts .... 11,039,012 10 10 balances .......... 8,180,2-0 17,Bills payable, drafts in Loans at call and at transit, and other Ha- short notice 50,000 U w bilities, including pro- British Government s vision for contingen- securities iW*M* « .. cie3 .. 3,310,327 1 1 Government securities Acceptances"'for "cus- of Australasia and ~,.,., tomera as per contra 103,751 11 11 other investments . 4,707,417 14. R ■ Bills receivable and £41 425 731 2 4 remittances in transit 2,336,953 Iβ 10 ' ' Advances on securities, Capital: 900,000 an ,l o t U er assets .. 32,834,378 11 » shares of £5 Liability of customers each, fully paid 4,500,000 0 0 for acee ptances as (T hc r o is per con tra - 103,751 Jl-fl under the Char- Bank premises and aiS**' ter a reserve s it es j n Australia, L^sKEn liability of the N . Z-> and London, at " T?r^.,,^Pf Proprietors of cos t j i ess amounts £5 per Share.) written off 474,020 W 3 Reserve Fund Note. —The Austra(used in the- H an New Zealand business of the assets and liabilities Bank) 4,475,000 0 0 are inc i u ded at the Less Transfer p ar ra tes of exchange, to Currency Re- an( i the net differenceserve to provide which would have for depreciation arisen had they been in Australia converted at the rates and New Zca- ruling at the date land Currencies o f the Balance-sheet £2,000,000 .... 2,475,000 00 is cove red by the CurCurrency Reserve rcncv Reserve, (as above, used in the business of the Bank) . 2,000,000 0 0 Dividend payable Ist April, 1932 169,125 0 0 Profit and Loss Account Balance 151,063 3 2 9,295,188 3 2 _ £50,720,919 5 7 £50,720,010 _gj A. H. BULLOCK, Accountant. E. GODWARD, Manager. Wo have examined the above Balance-sheet with the books of the Bank: in London, and with the Returns received in London from the Branches in Austrai and New Zealand. We have verified the Cash Balances, Loans at Call and aan Notice, Bills of Exchange, Investments, and Securities held in London. \\o na>» obtained all tho information and explanations we have required, and, in oh opinion, tho above Balance-sheet is properly drawn up so as to exhibit a true an correct view of the state of the Bank's affairs, according to the best 01 our information and the explanations given to us, and as shown by the booKS m London and the Returns from the Branches. DELOITTE, PLENDER, GRIFFITHS & CO., Auditors. London, 17th March, 1932.

TYPEWRITERS FOR _SALE. A BSOLUTE Bargains in Used Type■ti- writers, penect condition, easy terms. Call Imperial Typewriters, British Cham hers, High St. Y ,\ M.\. ING Ketluctious all makes from £3 il- , , m>, guaranteed; Dargalns you canHut ;..,ore; call, inspect.—British lypewrite, Promenade Floor, Queen's Arcaue. ORTABLK Typewriter, Koyal, new; special type, suitable for lady; l 2 S n o s : urgent sale.—Typo, loot), Stau.. s-y PIANO TUNING. A BAXDU.N Mechanical Music; Pianos ■"• Thoroughly Timed, 5/; Riiarantecd Overhauls from £1. — Dominion Tuning Co. I'lionc 4 , -'-'J<i4. >>_ ABOUT Tuning Your I'iano, Player-Piano, Phono 40-792, or call. Kefeltinp. fl : Kopolishins, £I.—Atwaters Pianos, corner Civic " UCKLAXD TUNING CO., Fergusson Buildings, Civic Square.—Tuning, 5/Ecfclting from 15/.—Phone 47-047. l>

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