NATIONAL BANK

Evening Post, Volume CXXIII, Issue 2, 4 January 1937, Page 12

NATIONAL BANK

• INTERIM DIVIDEND *The general manager of the National Bank of New Zealand, Limited, announces payment on January § of an interim dividend at the rate of 4 per cent, per annum, free of tax, for the' half-year ended September 30 last. The: above dividend will be payable ir. New Zealand, at any branch of the: National Bank of New Zealand, Limited, at. current rate of exchange for demand drafts on London on the date of negotiation. This makes the interim dividend equal to £2 9s, 5 per cent, or equivalent to £4 18s, 10 pe:: cent., per annum. •IThe bank's capital and reserve; are as under:—Subscribed .capital, £6,000,000; paid-up capital, £2,000,000; reserve fund (invested in Government securities), £1,000,000; currency reserve (invested in Government securities), £500,000; reserve liability of shareholders, £6,000,000; total, £9,500,000. In addition there are undivided profits carried forward of £113,959. In the balance-sheet liquid assets sikand at £7,643,000/ which are equivalent to 50 per cent, or 10s in the £ of total liabilities to the public, and for every £1 of its own funds the bank is holding only £4 4s 9d of the public's money, which is regarded as an exceptionally strong position.