Page 3 Advertisements Column 5

Evening Star, Issue 7469, 13 March 1888, Page 3

PUBLIC NOTICES. HE COLONIAL BANK OF NEW ZEALAND. TWENTY-SEVENTH REPORT OF THE DIRECTORS TO THE HALF-YEARLY MEEHNG OF THE PROPRIETORS, To be held at the Bank, Princes street, Dunedin, on WEDNESDAY, 2Sth MARCH, 1888. The Directors beg to submit to the Proprietors the accompanying Balance-sheet and Statement of Accounts fur the half-year ended 29th Ftbruary last: The net profits for the half-year, after deducting interest paid and accrued on fixed deposits, rebating bills under discount, and charging all expenses of management, rent, etc., and duly providing for bad and doubtful debts, amount to £17,924 10 11 To this has to be added balance from last half-year 3,962 3 2 And there must be deducted tax on note circulation and pro--2,760 3 11 Leaving available £19,120 10 2 Which the Directors recommend to be applied as follows : To reserve fund (which will then stand at £49.000 £I,OOO 0 0 Payment of dividend at the rate of 7 per cent, per annum on the paid-up capital 14,000 0 0 Balance to be carried forward ... 4,126 10 2 - £19,126 10 2 Upon confirmation by the Proprietors of the foregoing appropriations, the dividend will be payable at the head office on and after the 29th instant, and at the branches on receipt of the warrants. Branches of the Bank have been opened during the half-year at the Bluff on August 18, 1887; at St. Bathans on November 22,1887; and at Queenstown on December 21,1887. The branch at Motueka was withdrawn on December 30,1887. The Hon. William James Mudie Larnach, C.M.G., is the director who retires from the Board at this meeting in accordance with clause 42 of the Deed of Settlement, and, being eligible, offers himself for re-election. He is the only candidate for the vacant Beat. Juhn Macfarlane Ritchie, Esq , having resigned his seat at the Board on his departure for Europe, the Directors, in accordance with clause 44 of the Deed of Settlement, nominated Edwin John Spence, Esq., to fill the vacancy until this meeting. Mr bpenoe now offers himself for election by the proprietors, and is the only candidate. Both the auditors retire from office at the present mretinjf. One only—J. Edmund Smith, Efq —is eligible for re-election, and he offers himself accordingly, GEO. M'LEAN, Chairman.

BALANOE-SHE .T OF THE COLONIAL BANK OF NEW ZEALAND, As at 29th February, 1888, including London Office at 30th November, 1887. Dr. £ a. d. Capital, £2 paid up on 200,000 shares 400,000 0 0 Notes iu circulation ... 105,05.0 10 0 Bills payable and other liabilities 270,474 18 8 Deposits 1,721,184 010 Balances duo to other banks... 222 19 3 Reserve fund 48,000 0 0 Profit an 1 loss 19,120 10 2 £2,570,067 18 11 Coin and cash balances Bullion on hand and in transitu Government securities, 3 per cent, consols and colonial debentures ... Notes of and balances due by other banks Landed property and bank premises Bank furniture and stationery Billu discountfd, bills receivable, and all other debts due to the Bank 111,130 11 9 7,321 3 4 £2,570,067 18 11

PROFIT ANn LOSS ACCOUNT. Dr. £ e. A. £ o transferred to reserve fund on 27th July, 1887 1,000 0 0 , Dividend at 7 per cent, per annum at June 30,1887 ... 14,000 0 0 „ Charges for the including rent, taxes, salaries, remuneration to directors and auditors, and all other penses, at head office and 25 branches ... „ Tax on note circulation „ Property tax on paid-up capital and reserves to 29th February, 1888 ~ Proposed addition to reserve fund 1,000 0 0 „ Proposed dividend at the rate of 7 per cent, per annum on the paid -up capital ... 14,000 0 0 „ RaUnco ... 4 126 10 2 28.140 2 11 1,453 7 5 1,306 16 6 19,126 10 2 By Balance profit and loss at 30th June, 1887 1»,962 3 2 „ Gross profit for half-year (after making provision for bad and doubtful debts, interest paid and accrued on fixed deposits, and rebate on bills current) amounts to ... 40,064 13 10 £65,026 17 0 RKBERVE FOND. Dr. To balance By balance 30th June, 1887 ... 47,000 0 0 „ Transfer from profit and loss, 27th July, 1887 1,000 0 0 ~ Proposed addition now ... 1,000 0 0 £49,000 0 0 GEO. M'LEAN, Chairman. H. MACKENZIE, General Manager. We have examined the cash and bills on hand at head office, and compared the abstracts of balances from the various branches, and certify the foregoing statement to be ia accordance therewith and correct. KEITH RAMSAY V AnAitarl . J. EDMUND SMITH j Audltorß " Dunedin, 12th March, 1888. I FORDYCE (late of Dunedin), having * secured extensive premises in Tyrone Buildings, Customs Street, Auckland, Is prepared to RECEIVE GOODS FOR SALE ON COMMISSION, And Solicits the Support of Friends in Otago STORAGE FREE.

MEETINGS. S EVIL TO LAST FOR KVBR? or Eternal Torment Not True." "The Souls Under the Altar."—Mß ALDRIDGE, in the CHORAL HALL TO-NIGHT (Tuesday) and -WEDNESDAY EVENING, at 7.45, Admission Free. Thursday Evening first, at 7.30, in the Albany street Hall, Lecture on "Daniel and his Times," illustrated with lantern viewa. Admission, Sixpence. HE Adjourned Meeting of the RANGERS , FOOTBALL CLUB will be held in the MQRNINGTON TEMPERANCE HOTEL on WKDNESDAY, the 14th inst., at 8 p.m. Members and intending members requested to attend. (Signed) J, M'GUIRK, Hon. Sec. LOST FOUND «c ' OST, Purse, cont&iniL 0 _ ■ 1 between Bannister's and Roslyn. Finder rewarded, on returning Bsnmstor, chemist, ' OST, Gold Stone Brooch, between Mac\ laggan and Stafford strffitq. ApDjy S. OUND, Hedgekntfe, Princes street j if pot claimed three days will be'sold. A,. Aitken, Castle street;