BANK OF NEW ZEALAND.

Bush Advocate, Volume XXI, Issue 285, 5 June 1909, Page 5

BANK OF NEW ZEALAND.

rPBEBS ASSOCIATION.] : ■ " WELLINGTON, last night. Tlie Bank of Now Zealand balancesheet for flic year ended March 31st shows that, the profits, after making s-tliO' usual allowances, 1 : amounted to ' £368,150, as against £369,922 for the previous year. ... Froni this lias to be deducted interest on guaranteed stock £40)000, and reduction of bank premises and furniture, £15,000, leaving i a balance of profit for the year of ■ £313,150. To this has to be added • the balance brought forward from last year, £54,097, making a total of i. £367,348.. The 'interim dividend of : 5 per cent, already paid, absorbed £50,000, leaving £317,248 available for distribution. This the directors ! propose to dispose of as follows: 3f' per .cent, dividend on preference! shares, £18,750 ; 5 per cent, dividend j on ordinary shares, £25,000; bonus of I 2i- per cent, on ordinary shares, £12,---j 500; transfer, to reserve fund, £200,---000 (making resefve fund £650,000), , leaving a. balance" to be carried forward of £60,998. .