, NEW ADVERTISEMENTS. N O T I O E. MR MURRAY invites the Electors oi Bruce to meet him in St. George's Hall, Milton, on Friday, the 12th inst , at 8 p.m. sharp. WANTED, A MAN competent to take charge oE the working of the Bruce Coal Company's Mine. Apply, by letter only, to the underBigned, on or before Monday next. . WILLIAM MARSHALL, ! Legal Manager. WANTED. WANTED SMART YOUTH aa Apprentice. Apply to SOUTrER & GRAY, Milton. BANK OE NEW ZEALAND. mHE Half - Yearly Meeting of the Pro- "*~ prietors of the Bank of New Zealand was held in the board-room of the head office at noon on Tuesday, Oct. 26. About 30 shareholders -were present. C. J. Stone, Esq., Chairman of the Board of Directors, presided. Mr D. L. Murdoch, the Bank Inspector, having read the advertisement notice of the meeting, then read the minutes of the last half-yearly meeting, which were confirmed item. dis. REPORT. The following report and balance-sheet were then read to the meeting : — Twenty-Eighth Report of the Directors of the Bank of New Zealand, to the HalfYearly General Meeting of the Proprietors, held at the. Banking-llouse, Auckland, on Tuesday, 26th October, 1875. The Directors have much satisfaction in again meeting shareholders with a Report and Balance-Sheet, which afford continued evidence of the Bank's prosperity : — £ s. d. The Net Profit at 30th September, after ample provision for every debt considered bad or doubtful, and for reduction of Bank Premises and Furniture Accounts, amounts to ... 47,103 2 1 To which has to be added — Balance of undivided profit at the 31st March last ...16,974 11 1 Making a total available for division of ... ... 64,077 13 2 £ s. d. The following appropriation of which is now recommmended : To payment of dividend at the rate of 10 per cent, per annum 30,000 0 0 To bonus of 5s per share, equal to 5 per cent, per annum ... 15,000 0 0 To balance carried to profit and loss new account ..: 19,077 13 2 64,077 13 2 The Dividend and Bonus will be payable at the Head Office, Auckland, on Wednesday, the 27th October, and at the Branches on receipt of advice. For the Board of Directors, j C. J. Stone, . Chairman. Aggregate Balance-Sheet of the Bank of New Zealand, at September 30, 1875, including London Office at July 31, 1875. Dr. £ s. d. Bank stock ... ... 600,000 O 0 Reserve fund ••• ... 180,000 0 0 Notes in circulation ... 420,170 0 0 Bills payable in circulation... 1,730,028 9 11 Deposits and other liabilities ... ... ... 5,760,745 7 5 Balance of profit and loss at March 31, 1875 ... 16,974 11 1 Net profit for half-year ... 47,103 2 1 8,755,021 10 6 Cr. £ s. d. Coin, and cash balances ... 654,119 011 Bullion on hand, and in transitu 287,808 12 4 Government securities ... 350,000 0 0 Landed property, Bank premises, furniture, &c. ... 107,229 7 0 Bills receivable and securities in London ... ... 1,787,300-15 4 Bills discounted and other debts due to the Bank ... 5,568,563 14 11 8,755,021 10 6 Profit and Loss Account. Dr. To dividend at the rate of 10 per cent, per annum ... 30,000 0 0 To bonus of 5s per share, equal to 5 per cent. ... 15,000 0 0 To balance carried to Profit and Loss " New Account " 19,077 13 2 j £64,077 13 2 Cr. £. s. d. By balance of Profit and Loss at March 31, 1875 ... 16,974 11 1 By net Profit for Half-year, ! after writing off Bad Debts 47,103 2 1 £64,077 13 2 Rbserve Fund. Dr. £ s. d. To balance ... ... 180,000 0 0 Cr. £ s. d. By balance from Last Statement... ... ... 180,000 0 0 Audited — C.J. TAYLOR ) Auditorg P.DIGNAN } Au W6.
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Bibliographic details
Bruce Herald, Volume VIII, Issue 751, 12 November 1875, Page 5
Word Count
606Page 5 Advertisements Column 3 Bruce Herald, Volume VIII, Issue 751, 12 November 1875, Page 5
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