NAT. BANK OF N.Z.
Rise In Net Profit (N.Z. Press Association) WELLINGTON, May 12. The general manager at the National Bank of New Zealand, Ltd., has received a cable message from the head office of the bank in London saying that the board of directors recommend a final dividend for the year ended March 31, of 6 per cent, less United Kingdom income tax at the full standard rate of 7s 9d in the £; payable on July 9. This makes a total of 10 per cent. <9 p.c. last year) for the year ended March 31. The dividend is payable at the airmail buying rate of exchange for demand drafts on London current at the date of presentation of the dividend warrants. Net profit for the year after making full provision for bad and doubtful debts and other contingencies and charging payments to pension and gratuity funds, amounts to £338,197 compared with net orofit for last year of £313,216. The interim dividend payable in January absorbed £85.750, £lOO.OOO has been transferred to general reserve, leaving £353.070 for distribution. Payment of final dividend requires £128,625. leaving £224,445 to be carried forward.
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https://paperspast.natlib.govt.nz/newspapers/CHP19630513.2.213
Bibliographic details
Press, Volume CII, Issue 30129, 13 May 1963, Page 20
Word Count
190NAT. BANK OF N.Z. Press, Volume CII, Issue 30129, 13 May 1963, Page 20
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