NATIONAL BANK OF AUSTRALASIA
Net income of the National Bank of Aus- ( j tralasia, Ltd., for the year ended 31st March, shows only avery light decline ou that for the.-prececling 12 months. After (meeting expenses, 'including £121,739. for , income, land, and note taxes, the net profit is £655,134, which compares with £059.278 for 1928-29, "■ and £640,401, for 1927-28. Expenses amount to £848,051, against £817,815 in the previous year. Taxation again absorbs a large.sum, namely £121,739, although it falls a little below that of 1928, when £124,908 was required for this purpose. As £157,773 is brought forward," there is available £812,907. Dividend .for. the twelve months is maintained at. 10.per cent., and requires £500,000. A siim of £100,000 is transferred to the reserve,- increasing it to £3,200,000. To the reduction .of the book value of bank premises £50,000 is: applied, and £162,907 is carried forward. . •
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19300527.2.134.8
Bibliographic details
Evening Post, Volume CIX, Issue 123, 27 May 1930, Page 12
Word Count
144NATIONAL BANK OF AUSTRALASIA Evening Post, Volume CIX, Issue 123, 27 May 1930, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in