Page 5 Advertisements Column 1

Clutha Leader, Volume II, Issue 95, 4 May 1876, Page 5

Kew Advertisements WHB^lOwri-V KNOWLEByEpscopalian. Minister of tbe BalcTntha District, ■will conduct Hiyine §casice'at Warepa, on - Wednesday, lOjirfMa^ at ? p.m.; and at - „*** "'"■*.» Port MolyJaeux oa Thursday llth May, ..•-*'** *v.. at .^g'Op.ia. 7 A... 4 B gg T £. oF new. Zealand: TWENTY- NINTH HALF-YEARLY GENE- . RAL MEETING. ■' \ ' half-yearly general meeting of the pro-jprf-|tors of the Bank of New Zealand was held at the head office, Queen-street, Auckland, at noon on thq 21st April. An unusually large number of shareholders were present. The chair was taken by J. L. Campbell, Esq. D. L. AJurdoeh, Esq., the Inspector* read from tbo ' Heridd ' the advertisement . convening the iheetiug, ■Biid also the minutes j>f ' the last halfyearly meeting, which were ponfirmed. The -following, report arid balance-sheet were then read by Mi*JJtlurdo'ch : — Twenty.ninth Report of the Directors of the Bank of New'vZealand, to the Half-yearly 'General Meeting of the Proprietors, held at the Banking-house, Auckland, on Priday, -21st April, 1876, -- --< The directors have hiuch pleasure in submitting to shareholders the Result of the past halfyear's operations '•■ — t m A ' ' ■ \ £ s. d. ■ffhe net profit at 31st March, after Tmaking very full appropriation for all dependencies -considered bad or doubtful, and for reduction of Bank premises and furniture accounts, amounts to ... '. 58,410 17 6 •To which has to be added — Premruni ou issue of 9,616 shares on Ist January, last 48,080 0 0 Balance of undivided profit at . 30th September, 1875 .. 19,077 13 2 ■Givifif- a total available for division of £125,503 10 8 The following appropriation of which is now recommended— 'To payment of dividend at the'rateof 10 per cent, per £ s. d. annum ... 32,500 0 0 To bonus of 5s per s h are, equal to 5 per cent, per annum ... 16,250 0 0 To • increase proposed to bo made to reserve fund 70,000 0 0 To balance carried to profit and loss new account 6,8-lS 10 8 £125,598 10 8 Tlie dividend and bonus will be payable at the head office, Auckland, on Monday, the 24th :April, and at the branches on receipt of advice. Por the Board of Directors. ,-/ J. Logax Cavfkeli,, President. Aggregate -Balance-sheet. of* the. Bank of New Zealand, at 31st March,* 1876, including London Office., at 31st January, 1876 : — ; Dr. ' . -" ' £ s. d. < Bank Stock ..A 700.000 0 0 , Reserve Fund. .. - 180,030 0 0 Notes in circulation 431,937 10 0 -Bills payable in circulation ... 1,229,46*5 13 11 Deposits/ahd other liabilities ... 4,204,109 13 11 1 TBalanee'of profit antl loss at 30th 1 September, 1875 ... ..". 39,077 13 2 Net profit for half -year ... 53,440 17 6 ■Premiums on new shares ... 48,030 0 7 ' £0.961,162 S 6 , Cr. £ s. d. '. .Capital unpaid on 384 shares allotted to, but not yet taken up ' by parties resident in foreign places 3,840 0 0 Coin and cash balances ... 65J.125 10 2 Bullion on hand and in transitu 346,291 1 2 ' Government securities . . 410,000 0 0 •Landed property, Bank pre- , mises, furniture, &c. .. 120,043 13 7 "Bills receivable, and securities in London 1,312,976 2 8 JJills discounted, and other debts due to the Bank ... ...4,117,886 011 < £6,961,162 8 6 [ PROFIT AND LOSS ACCOUNT. Cr. £ c. d. "To dividend at the rate of 10 per cent, per annum . . 32,500 0. 0 'To bonus of 5s per share ... 16,255 0 0 .To proposed increase of reserve fund .. 70,000 0 0 To balance carried i;o profit and loss" new account" ... 6.848 10 8 £125,598 10 8 Dr. £ s. d. T By balance df profit and loss at 31st March, 1876 "58,440 17 6 "By premiums on new shares ... .487080 0 0 'By balance from last half-year ' 19,077 13 2 £125,598 10 8 RESERVE FUND. Dr. £ s. d. *To balance "... A 250,000 0 0 : £250,000 0 0 Cr. • £ s. d. By balance frOm last statement 180,000 0 0 -Proposed increase 70,000 0 0 £250,000 0 0 Anclite'd — G. P. Pierce, \ Anditora A. K. Tatlok, / Auuitois. The Chairman, in moving the adoption of the report, said : It does not devolve upon me to/ make any special remarks. If the last half-year has been uneventful, it has, nevertheless, brought -to the bank that accustomed and satisfactory result which enables its shareholders to participate in the dividend, and bonus row declared ; with, also, the further assuring fact of a large increase to the resrve. fund. The items all speak so -plainly home /to shareholders that comment is hardly necessary. The only one suggesting remark is deposits and other liabilities, which shew a decrease of a million and a half, which ia ; wholly due to tne reductions of Gov. balance?? A correspondingfreduction is shown in advance. You have, of coursjs seen from the public jprlhts that negotiations^ for the transfer of the* 'Fiji Bank to this establishment Kave been brought to a point, and now awaits confiriuatiqpr of the Piji Bank shareholders,' when thejaual ratification will take - place, and the business will" shortly betaken over. " This step has not been taken without serious conspiration of your" Board; Your directors felt oJ"at -the critical moment had arrived - whenaeliion must be taken to secure a footing in 4fieTnew colony. . The Fiji Bank had done good service in having taken a good stand in that ■ colony; but it may, without disparagement, be ' said that the .bank's resources Would not "have enabled it successfully to -compete with any : strong bank that might start in opposition. Ifc .appeared, therefore, to your directors, that they