THE BANK OF NEW ZEALAND.
The report and balance-sheet of this national institution for the year ended 31st March last disclose another period of extreme prosperity. Th© profits of the bank hay© been larger than in the previous year, the actual net profits amounted to £330,329 14s 3d, as compared with £320,908 11s for the previous year. A better idea oi what the bank has accomplished will b© gathered from th© results of the past three financial years. The net profits were as under : —
The profits in three years totalled t. little short of a million sterling, and this must bo regarded as very handsome. The profits of the three years are appropriated as follows :
Th« large- payments to the Assets Board must have pretty well cleared up the deficiences; at all events, last year it was stated that the profits available this year would accomplish that. However, the Bank of New Zealand is now in a thoroughly sound condition, with every prospect of becoming thoroughly independent of the State.
£ 6. d. Interest! on guaranteed stock 171,977 13 4 Written off bank premises 40,000 0 0 Written off furniture ... 3,501 15 9 Dividend on Crown shares 50,000 0 0 Dividend on ordinary shares 68,899 10 0 Paid to Assets Board ... , 609,662 10 0 £944,041 9 1
.sfc 'Marcl 1904 ■"905 1906 h. £ c. d. ... 292,803 310 >.. 320,908 11 0 ... 330,329 14 3 £944,041 9 1
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https://paperspast.natlib.govt.nz/newspapers/EP19060616.2.27
Bibliographic details
Evening Post, Volume LXXI, Issue 142, 16 June 1906, Page 4
Word Count
235THE BANK OF NEW ZEALAND. Evening Post, Volume LXXI, Issue 142, 16 June 1906, Page 4
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