TRADE AND FINANCE

Evening Post, Volume CX, Issue 30, 4 August 1925, Page 9

TRADE AND FINANCE

j NATIONAL BANK OF NEW ZEALAND. (From Our Own Correspondent.) '. • LONDON, 30th June, t The National Bank of New Zealand had ' l at its disposal during the year ended 31st . March last £250,000 more capital than in the corresponding period of 1923-24. The ac- i ' counts now presented therefore show on in- - crease in profit, the actual rise being £28,027, . to £031,302, in the gross figures, and £35,891, L to £279,820, in the net. As a result, and . . also by virtue of an amount brought for- • 1 ward some £10.000 larger than that of a year b ago, the directors are able to repeat the divi--3 dend and bonus, aggregating 14 per cent, paid , for the five years to 1923-24, free of tax, on the increased capital, to double, at £40,000, 5 the transfer to the premises account, to make - the usual allocation' of £10,000 to the reserve . fund, and to add some £12,000 to the sum , carried forward. The pension fund is the J only account wfiich receives a reduced ap--3 propriation, the amount being £9000 against i £28,01-1. \ I CHICAGO WHEAT. 3 (Received 4th August, 9 a.m.) NEW YORK, 3rd August. Chicago wheat futures: September, 1 dollar 68 cents; December, 1 dollar 57 j cents; May, 1 dollar 60} cents.