NATIONAL BANK OF NEW ZEALAND.
The net profit shown by the National Bank of New Zealand after a bonns to the staff of £13,600 (writes our London correspondent on the 28th June), providing for bad and doubtful debts and including £142,120 brought forward from the previous year, amounts to £370,807. The interim dividend at the rite of 12 per cent, per annum, paid In January last, absorbed £72,700. The sum of £20,008 has been placed to premises account, leaving now available for distribution £278,167, which, the directors propose to allocate: In payment of a dividend, at the rate of 12 per cent, per annum for the half-year ended 31st March last, £75,000; in payment of a bonus of 2 per cent., £25,000; to reserve fund (which will then stand at £1,2GO,000), £10,000; to pension and gratuity funds, £22,600; leaving a balano' to be carried forward of £145,667 7» 3d.. ■
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Evening Post, Volume CVI, Issue 36, 11 August 1923, Page 8
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149NATIONAL BANK OF NEW ZEALAND. Evening Post, Volume CVI, Issue 36, 11 August 1923, Page 8
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