A.N.Z. BANK PROFIT

Press, Volume CIV, Issue 30914, 22 November 1965, Page 19

A.N.Z. BANK PROFIT

£441,845 Rise To £2.6in. (N.Z. Press Association) WELLINGTON, Nov. 21. A group net profit for the year to September 30, 1965, of £A2.609,274, compared with £A2,167,429 last year, is announced by the Australia and New Zealand Bank. This I includes a trading bank proifit of £A2,295,469 (£A1,862,680 last year). The board has recommended a final dividend of 7 per cent, less United Kingdom income tax at the standard rate of 8s 3d in the £l, on I the bank's paid-up capital of ' £15.4m sterling, increased from £l4m sterling in January by a one-for-ten scrip issue.

An interim dividend on the larger capital of 5 per cent, less tax, uas been paid.

Total distribution for the previous year was 12 per cent.

The interim and final dividends absorb £A1,362,553 (£A1,291,395) and £A2,476.268 (£A2,157,047) is being carried forward in the consolidated profit and loss account after transfer of £A927.500 (£A535,250) to reserve fund. The dividend will be paid in London in English currency and in Australia and New Zealand at the buying rates of exchange for telegraphic transfers on London, current at January 7, 1966. after the annual general meeting in London on January 6, 1966.

Fertiliser Bid.— W. R. Grace (Australia) Proprietary wi-H match the 85 s ordinary—7ss preference offer of Adelaide Chemical—Wallaroo, Mount Lyell, for Cresco Fertilisers. —Sydney, November 18.

W. Cement Dividend.— Wilson (N.Z.) Portland Cement, Auckland, will pay a steady interim dividend of 4 per cent on December '7. The register of share members wiCC be closed from December 1 to 7.—(P.A.)