Page 8 Advertisements Column 1

Evening Post, Volume CV, Issue 123, 26 May 1928, Page 8

!%HE. BANK OF AUSTRALASIA . ■ . ' (Incorporated by Royal Charter, .1835). Paid-up capital (.. £4,000,000 Reserve Fund (used in the business of the Bank) 3,850,000 •; Reserve liability .of Proprietors under the Charter 4,000,000 , , : ' £11,850,000 » NINETY-FOURTH ANNUAL REPORT OF THE DIRECTORS'OF THE BANK ; ■ OF AUSTRALASIA. WITH TH2, ACCOUNTS FOR THE- YEAR TO 10th OCTOBER, 1927, . PRESENTED TO THE PROPRIETORS AT THE ANNUAL GENERAL MEETING HELD ON THURSDAY, 29th MARCH, 1928. ! ' • - REPORT. ' The Directors scdWit to the Proprietors the Balance-sheet as at 10th October last, with the Profit Account for the year to that date. After providing for rebate on bills current, for British, Australian, and New Zealand rates and taxes, and making ' provision for bad and doubtful debts and other contingencies, the net prolit for the year amounted to £654,059 11s Id. To this has to be added £135,508 7s lOd brought forward from the previous year's accbunt, making a total of £789,567 ISs lid. From this £280,000 was paid as an Interim Dividend on 30th September last, and the Directors have now appropriated a further sum of £280,000 to pay a final Dividend of 7s per share, making in all £560,000, equal to 14s per share, and representing for the year a distribution at the rate of 14 per cent, free of income tax. The Directors have also transferred £40.000 to the Reserve Fund, and have appropriated £50,000 in reduction of Bank Premises Account. This will leave £139,567 18s lid to be carried ,forward to the next account. '-, The Dividend will be payable in London, Australia, and New Zealand on 30th March. • . The Directors retiring by rotation are:—Mr. Frederick V. C. Livingstone-Lear-month, D.5.0., Mr. Harold Nelson, and Mr. Charles E. Barnett, who, being eligible, offer themselves for re-election.' ■. The Auditors, Messrs. Deloitte, Plender, Griffiths, and Co., offer themselves for ro-election. ; . Since the date of the last Report, new branches have been opened at Noilhcote, Ripponlea, and Yarraville (Suburbs of Melbourne), and Horsham and Warraeknabeal, .- in. Victoria, at Canberra in. the Federal Capital Territory, and at Newton (Auckland), in New Zealand. ' ■ The Proprietors have already been notified by circular that an Extraordinary General Meeting has been convened for Thursday, 29th instant, to follow the Annual General Meeting to be held on that day, to obtain the authority of the Proprietors to the issue of 100,000 new Shares. If the resolution be duly passed at that meeting, it will bo submitted, for confirmation, to a'further Extraordinary General Meeting to be subsequently convened. If sanction to the issue be obtained, it is the intention of the Directors to offer the new Shares to the Proprietors pro rnta to their holdings, at^a premium of £G per Share, that is, at-the price of £11 per Share. i ■ ' *. • ' JOHN SANDERSON, Chairman. 4, Threadneedle street London, 19th March, 1928. PROFIT ACCOUNT, FROM 12th OCTOBER, 1926, to 10th OCTOBER, 1927. £ s. d. £ s. d. £ s. d. £'s. d. Balance brought forward from October, 1926 ' 135,508 7 10 Profit for the year to 10th October, 1027, after deducting , Rebate on Bills Current at .-• Balance date (£7909/1/3), ' , and making provision for .. all bad and doubtful debts . . and for other contingencies 1,072, /33 1 S Less: . . ' " ■ I. Charges of Management— ' • Australasia— . [,'■■. Salaries and allowances to ' the staff, including the ' * Superintendent's Do- ' t ..' ■ '*' 1 . partment, and 224 Branches' and Agencies ' 482,223 15 9 General Expenses, includ- ' t ing rent, repairs, sta- ' • tionery, travelling, etc. ' 107,808.9 4 . , 'London-Salaries 33,004 i 4 General Expenses 9.467 0 0 ' ' 632,563 9 5' 11. Rates and Taxes— Australasia 165,06113 9 ■ London 121,050 7 5 ' x : . 280,112 12 '..-.■ 018,675 10 7 Total amount of-net'pro- ■ ■ . fit for the yearvto 10th •' ' '„ October, 1027 ....:.... 1)34,059 11 1 "■',.■.'■■ ■ p '789,507 IS 11 From which, deduct* - ' ' Dividend paid 30th Scpl- -. \ tember, 1927 . . ' CSO.OOO'O 0 '. Transferred to Dividend . . Account, payable 30th, ' ■ March, 1928 .'. • 250,000 0 0 Transferred to Reserve ) Fund 40,000 0 0 ' Transferred to Bank Pre- ■ . . " mises ' 50,000 0 0 ■ . : . 050,000 0 0 ■ Balance carried forward per Balance -sheet ....' .£139,507 18 11 \ '' BALANCE-SHEET, 10th OCTOBE.R, 1927.. LIABILITIES. ASSETS. £ s.d. ... £ s d. Circulation .• 427,542 0 0 Specie, bullion, GovernDeposits — 31,475,756 3 4 m'ent notes, and cash Bills payable, and other balances 0,045,233 17 5 .. Liabilities, including pro- , Loans at call and at short vision for contingencies. 4,418,99^ 11 4 notice 110,000 0 0 —' British Government ■ Becu--1 . -36,325,29114 8 rities '..■'. 2,584,548 14 ■ Capital .. £4,000,000 0 0 • ■ Government securities of' -Reserves Australasia and other' Fund investments 1,079,900 11 2 (used ' Bills receivable and remitin the . tances in transit 4;355,72f> 110 business - ... ' Advances on securities, ■' of the and other assets .29,689,659 18 5 Bank), .. 3,850,000 .0 0 • Bank premises in AustraDividend pay- ' ]ia, New Zealand, and able 30th London 129,792 3 5 March, 1928 280,000 0 0 Profit ac- ■.'■•. , count bal- ' ance .... 139,567 18 11 '—- 8,269,567 18 11 ,:•'-■ -1 . '£44,094,859 13 7 . £44,594,859 13 7 G. CAMERON, Accountant. E. GODWARD, Manager. We have examined the cash and securities in London, and the London books, and have verified the transfers from the several branches in the Commonwealth and New Zealand, and we beg to report" that, in our opinion, the foregoing is a full and fair balance sheet of the Bank, and that it exhibits a true and correct view of the state of the bank's affairs as shown by the books. The investments were valued at market price or nnder. DELOITTE, PLENDER, GRIFFITHS, & CO., Auditors. . " London, 14th March,. 1928. • ■. , ■ : i : ■. ■ ' i

THE EQUITABLE BUILDING AND INVESTMENT COMPANY OF .WELLINGTON, LTD. (Estab. 1577.) Authorised Capital £150,000 Subscribed and Paid Up £60,000 Reserves and Undivided Profits £70,500 Company accepts deposits of £25 and upwards, for long or short periods, at HIGHEST CURRENT RATES OF INTEREST. ' Depositors may. withdraw part of the depoaits at any time during currency thereof by accepting lower rate of interest for broken periods. ' . E, A. LIDDLE, Secretary 11, HUNTER STREET. ASK YOURSELF THE QUESTION: W7HY pay seven guineas for a Readymade Suit, when you can get a Genuine Tailor-made in the latest materials for eight and nine guineas at JAMES BELL'S, 61, Manners street. LOOK AFTEK YOUR SIGHT! YOUR Eyes are your breadwinners! •*• Take good care .of £i them! A slight correction promptly attended to may ensure you perfect eyesight to the end of your life. At the first sign of trouble consult us. MORRISON AND GILBERD, LTD., Opticians, 70, Willis street, Wellington Established 1892. ■ LAWNMOWER REPAIRS. WE REPAIR ALL MAKES OF LAWNMOWERS, GARDEN ' SHEARS, SAWS, AND AXES. Lawnmowers Collected and Delivered. Telephone 20-885. J. C. RIDDELL AND CO., LTD., Edward street (off Herbert street). I / ■ BOOTS AND SHOES MADE TO MEASURE. . GUISE AND CO., 26, Lambton quay; 114, Tasman street. Hotel Cecil Bldgs. Tel. 22-027. Gents' Boots to Measure, the best, 30s; Ladies' Shoes, any stylo or colour, 255. Repairs.—Gents, soled and heeled, English .greenhide soles and rubber heels, 6s Cd; Ladies'. 4s 6d (sewn Is extra). "P CROSSLEY, M.R.C.vl^ London, ■*- " VETERINARY SURGEON AND CANINE SPECIALIST. Hospital for Dogs and Cats. Animal Medicines. All Operations. 178, TINAKORI ROAD, Wellington. Tel. 40-255. T W. BRIDGE, Dentist, 50, VVillis-st., " • few doors below Evening Post.—A Special Department for Repairing and Remaking 111-fitting or Old Dentures at a moderate cost. Teeth filled and extracted painlessly. Nitrous oxide gas and other anaesthetics administered. Hours 0 to 5 or later by, appointment, Tel, 42-244,

G/ R. M'KAY, LTD, Sheet Metalworkers and' Japanners, Herbert street (off Manners street). "MAKERS of all Copper Electric Radiators, wired ready for use. Should your electrician not stock them, call and inspect a^ our Warehouse -at the above , address. -SOCIETY FOR PROJECTION OF WOMEN AND CHILDREN. . rpHB Secretary will be in Attendance at ■•*• . the Rooms, Wilton's Buildings, 156, Willis street, on TUESDAY, WEDNESDAY, FRIDAY,. 10 to 12.30; TUESDAY AFTERNOON, 2 to 4. All Communications Strictly Confidential. Telephone 28-200: WELLINGTON SOCIETY FOR PREVENTION OF CRUELTY TO ■ ANIMALS. THE Public aro earnestly requested to communicate any act of cruelty that comes under their notice. Office: Hud-dart-Parker Buildings, P.O. square. Tel. 42-197. P.O. Box 195. Secretary: A. M. Anderson. Inspector: Captain J. Henry. LEASE FOR SALE. STOCK MUST " GO. .Gjllette Blades, 2s 4d. Auto Strop Blades, 2s 4d. Strops for Auto Strop Razors, 2s 6d. Glasses, 3s dozen. THE OUTLET, . 78, Lambton quay. Next door May and Co., Bakers. " AFTER, baby was bora." This phrase •"■ occurs again and again in letters written to the Zann Proprietary from women victims to piles. In every case the piles had appeared after babj was born; and in every case the Zann Double Absorption Treatment had banished every sign of haemorrhoids. Some of the letters in the Zann files are literally "human documents," such stories of suffering do ■ they contain; with *uch gratitude do they overflow! Remember there is only one Zann Double Absorption Treatment. Write for generous samplel treatment, enclosing ninepence in stamps. The Zann Proprietary, Box 952, Wellington. Stocks o£ "Zann" obtainable from King's Prescription Pharmacy, 4, Courtenay place, and W. S. Wallace, Chemist, Willis street and Lamb-ton-quay, Wellington. PARELESS drivers call it Petrol. CaroV ful motorists call it Big Tree. We ;<vaat our friends to know us by name,