BALANCE-SHEET
LIABILITIES.
Capital—4 per gent. Guaranteed Stock, £529,988 10s 6d; preference "A" fully-paid £1 shares issued to the New Zealand Government £500,000; preference "B" fully-paid £1 shares issued to the New Zealand Government, £1,----000,000; 'ordinary shares of £1, fullypaid, £3,000,000—£5,029,988 -10s 6d; reserve fund, £1,628,453 9b lid; notes in circulation, £4,072,101 10s; deposits £30,501,719 14s sd; balances due to other banks, £102,906 10s 3d; bills payable and other liabilities (including provision for contingenciea), £3,265,519 14s 3d; reserve for taxes, £426,000; London office acceptances under credits, £363,704 7s 9d; balance of profit and loss, £1,265,367 2s sd; total, £46,855,760 19s 6d. ASSETS. Coin, cash balances, and deposits with bankers, £7,196,347 15s; Government notes—Commonwealth, Fijian, and Samoarv Administration, £137,178 15s; notes of other banks (legal tender), £29,695; balances due by other banks, £26,927 8s 7d;' bullion in hand and in transit, £10,360 6s id; money at call and short notice, Government securities and other securities in London (£5,477,----173 95.2 d and £5,695,080 19s 3d), £11,----172,254 8s sd; New Zealand Government securities^ £3,579,481 12s 6d; Australian Government securities, £1,784,----834 19s 8d; municipal securities, £9|3,----802 0s Id; bills discounted, £1,341,191 6s sd; other advances and securities arid debts due to the bank, after deducting provision for bad and doubtful debts, £18,787,100 15s 7d; remittances 0i transit between branches, £1,100,408 0s 4d; landed property, premises, etc., £352,474 4s Id; liabilities of customers for acceptances, per contra, £363,704 7s 9r; total, £46,865,760 19s 6d.. PEOFIT AND LOSS.
Balance at 31st March, 1923, £759,457 6s 4d. Balance brought down, £421,----957 6s 4d. ■
Profits for year ended 31st March, 1924, after payment of, and provision for, all interest due and accrued on deposits, provision for bad and doubtful debts, and other contingencies, for the annual donation to the Provident Fund, also for bonus to staff, £1,709,288 18s 3d: . :
Surplus on realisation of British Government securities (£148,112 9s lOd), arid provision previously made for certain doubtful advances not now required (£184,465 9s), £332,577 18s lOd. ; Less—Salaries and allowance at head office and 218 branches and agencies (£405,316 9s 2d); directors' remuneration, including London Board (£7500); general expenses, including rent, stationery^ telegrams, postages, travelling, repairs to premises, etc. (£146,913 11s 9d): audit expenses account (£2866 7s); rates and taxes (£389,661 3s 7d), £952,257 11s 6d. ," ' Net profits, £757,031 6s 9d. Total, £1,511,566 11s lid. BESERVE FUND. Balance, £2,525,000. Balance per last statement, £1,825,----000. ■ Premium oh 2205 shares (fractions and unallotted) sold by tender, £3453 9s lid. Amount to be added from profits for year ended 31at March, 1924, £496,546 10s Id. Total, £2,325,000.
Permanent link to this item
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Bibliographic details
Evening Post, Volume CVII, Issue 139, 13 June 1924, Page 7
Word Count
423BALANCE-SHEET Evening Post, Volume CVII, Issue 139, 13 June 1924, Page 7
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