BANK OF NEW ZEALAND
ANNUAL REPORT. (miss ASSOCIATION TELEGRAM.) WELLINGTON, Juno 1. The annual report and balance-sheet of the Bank of Now Zealand for the year ended March 31st, 1916, shows: — £ Profits ... ... 357,093 Less interest on guaranteed stocks ... ... 21,292 Balance ' ..." ?.. £335,800 Prom this sum £50,000 has been allocated for depreciation of bank premises, etc., leaving a balance for profit for the year £285,800, which." with £57.070 from last year, totals £-132,971. From this there have been paid dividends amounting to £104,297. leaving available for distribution £238,074, from which dividends on A preference shares amounting to £20,000 are proposed to be paid, also a dividend on ordinary and preference shares amounting to £74,903, and a 3 ni.r cent, bonus on ordinary- and B preference shares amounting to £37,301. It is also proposed to transfer to the reserve a sum of £50,000. making the reserve fund £2,062,1-11, and to carry forward £56,464. Shillings and pence are omitted in these figures.
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Bibliographic details
Press, Volume LII, Issue 15606, 2 June 1916, Page 7
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158BANK OF NEW ZEALAND Press, Volume LII, Issue 15606, 2 June 1916, Page 7
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