Page 13 Advertisements Column 2

Press, Volume LX, Issue 18149, 12 August 1924, Page 13

THE NATIONAL BANK OF NEW ZEALAND LIMITED. BALANCE SHEET AS AT 31ST MARCH, 1924. LIABILITIES. 1 £ 3. d. jV'otcs in Circulation 956,541 0 0 Deposit and Current Accounts .. 11,442:155 M 4 - Sills Payable and other Liabilities (ineluding provision for Doubtful Debts and Depreciation of investments) 1,701,51S 9 a. d. [Authorised Capital—£4^oo,MO Paid Up Reserve Fund Profit and Loss Account 14,080,007 19 10 1,250,600 0 C 1,280,000 0 0 294,502 0 D 2,804,502 0 5 £16,884,510 0 3 ASSETS. e. d. Coin and Bullion *t Head Office & Branches 577.708 2 Cash at Bankers *• 458,81® 25 Investments in British Government Treasury Bonds and New Zealand War Loans .. 2,1T5,685 19 Bills Receivable in London and in Transit .. 3,313,052 U Remittances in Transit bettrten Branches .« 278,967 7 c. & Bills Discounted and Advances on Securities and Current Accounts .. •• 9,291,648 9 3 Premises and Furniture 392,229 15 1 ■ 7,200, m 15 11 »,€BS,*T6 * i £16,884,510 0 8 PROFIT AND LOSS ACCOUNT. To Interim Dividend for the half-year ended 30th September, 1923, at the rate of 12 per cent per annum To Premises j Proposed Allocation of Balance— Dividend for the half-year ended . 31st March, 1924, at the rate of 12 per cent, per annum £75,000 Bonus of 2 per cent 25,000 Reserve Fund . . Pension and Gratuity Funds To be carried forward .. 75,000 20,000 100,000 10,000 28,944 155,55S s. d. 55,000 0 0 0 0 0 5 - 294,502 0 5 £389,502 0 5 £ s, d. '«y Balance at Ist April, 1923 By Gross Profits for the year ended 31st March, 1924, after making provision for Bad and Doubtful Debts . • .. 603,335 S 2 Less Expenses of Management, Directors' Remuneration and charges at Head Office and 79 Branches and Agencies 359.4W 1® Note.—Rates and Taxes Y>ther than Income Tax £48,241 Income Tax — New Zealand £68,1 M British 49,521 £ a. t}. 145,5(7 1 8 243,934 IS 2 £165,914 2SS9M2 0 6 At an Extraordinary SJeettag-subsequent to the Ordinary the •was adopted authorising the Directors to increase the Capital from £4 J SM,WB to Sf,WH>,OW to? 200.000 new shares of £7 10/- each.

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