BANK OF NEW ZEALAND.

Press, Volume LVIII, Issue 11013, 10 July 1901, Page 5

BANK OF NEW ZEALAND.

THE BALANCE' SHEET. (PKSSS ASSOCIATIOX .TKUSOBAM.) WELLING'I'ON, July 9. The balance, sheet of the B:u:k of New Zealandi was laid' on the table o 4> ho House this afternoon. In the profit and loss account ihe gross profits were £469.291. and the expenses of management, including rat«s and tax-ss, totalled £169,049, leaving a net profit of £500,242. This is further waluc-d by the payment of £80.000 interest on guaranteed stock, and £9577 interest on preferred stores up w> the date of repurchase, lsiving *viwlnbie £210,665, which 'has been disposed- of a.s follows: —

lo extinguish debenture conversion account, £35,360; to extinguish Colonial Bank spwdwill account, £t>0,000; written off Estates Company's assets in liquidation, £17,CC0: written off Colonial Bunk property and premises, £10,000; written off liauk property, premise*, suvd furniture. £58.305; to be pa-id to tie Assets Realisation Hoard, £50,000. The liabilities show: O-rdinaxy capital paid up* by shareholders, £421,86*0; it-serve fund (invested in >.'ow Zealand consols), £23,474; notes in circulation. £770,729; bills payable, £1,170.030; deposits. £8.682,504; other liability. £115.910; bills rediscouttted in London, £274.956. The total liabilities, including tho two million guarantee au-t! the lit'tv ttMHrnand. balance of profit- to be paid t> Aaseta Board, is £13.509,464. The assets show- coin and cash, £1,456,119: bullion. £93.010; money at «ill, short nutiea bi.'i.s, receivable Govern me-nt «nd other mhu-i lies in London, £2,023,089: investments in the colony, £k!,507,554 (of which £1.625,000 is in tho Assets Bouaxl idebonttuvs); hills discounted. £2.050,b31-i: of-hrr ;;■.!-•.-;! u< ■.--. £4,111,188; landed property, promises. -Ac, £388.762; iv:-tak.vs U.mniuiy's a,>tois in ii(.uidacicn (bouk value), £298,479; to'.oiiial Bajik property and premises, £45.bi;8. hi tlw> ab»v« lignros the siiiiiings and pence a.ro omifcted.