BANK OF NEW ZEALAND.

Press, Volume XIV, Issue 1891, 7 May 1869, Page 2

BANK OF NEW ZEALAND.

At the half-yearly general meeting of the shareholders of the Bank of New Zealand, held at Auckland on the 28th April last, the directors presented the following report and balance sheet :— In submitting the result of another half-year's operations, the Directors congratulate the shareholders on again meeting them with a favourable report. The net profit at 31efe March, after providing for every bad or doubtful debt, and making the usual appropriations in reduction of Bank premises and furniture accounts, amounts t0...£37,258 9 11 To which has to be added— Balance of undivided profit at 30th September, 1868 ...£8,554 16 4 Leaving now available for division ... ... ...£45,813 6 3 Of whioh the directors recommend the following appropriation — To payment of dividend at the rate of 10 per cent, per annum £25,000 0 0 To bonus of 5b per share, equal to 6 per cent, per annum ... 12,500 0 0 To balance carried to profit and loss new account ... • ... 8,313 6 3 £45,813 6 3 The dividend and bonus will be payable at head office, Auckland, fo-morrow, Thursday, the 29th inst, and at branches on receipt of advice. For the Board of Directors, Thomas Eussem,, President. Aggregate Balance Sheet of the Bank of New Zealand, at 31st March, 1869, including London office balances at 31et December, 1868 :— Dr. £ 8. d. Bank stock ... 600,000 0 0' Reserve fund 150,000 0 0 Noteß in circulation ... ... 284,147 0 0 Bills in circulation ... J. 761,715 14 7 Deposits and other liabilitiea.,l,7lo,4os 0 1 Balance of profit and lose account at 30th Sept, 1868... 8,564 16 4 Net profit for half-year ... 37,258 911 £3,452,081 0 11 Cγ. £ 8. d. Coin and cash balance at London Bankers ... 449,688 14 2 Bullion on hand and in transitu ... ... ... 253;530 8 0 Government securities ... 0 0 Notes and bills of other Banks 3,517 11 3 Landed property ... ... 22,079 19 2 Bank premises, furniture, and stationery 80,194 16 6 Insurance account ... ... 4,237 10 3 Bills receivable, bills discounted, and other debts due to the Bank ... ...2.278,332 1 7 £3,452,081 0 11 PBOFIT A3STD LOSS ACCOUNT. Dr. £ ; b. d. To dividend at the rate of 10 per cent, per annum ... 25,000 0 0 To bonus of 5s per share ... 12,600 0 0 To balance carried to profit and loss, new account ... 8,313 6 3 _ £45,813 6 3 Cr. £ s. d. By balance of profit at 30th ' Sept last 8554 16 4 By net profit for half-year after writing off bad debts 37,258 911 £45,813 6 3 BEBBEVB FUND. Dr. £ c. d. To balance 150,000 0 0 £150,000 0 0 Cγ. £.b. d. By balance from last state* ment 150,000 0 0 £160,000 0 0 \ James Bobbbtson, Audited ... J0 j Sxoins