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hAtB ADVERTISEMENTS. Pianos, Durable, effeotive, V 7 handsome; from 50'to75guineas. Oh sal* only, Chan. Begg and Co. T_TEW Music.— Solomon's operetta, 'PickJ__NJ W 'lk'; comic song, ' I shall lwfe 'em, by Lute. Chas. Begg and Co. IHB COLONIAL BANK OF NEW ZEALAND. THIRTIETH REPORT oi the DIRECTORS TO THK HALF-YEARLY MEETING OF THK PROPRIETORS, To be held at the Bank, Princes street, Dunedin, on WEDNESDAY, 25th SEPTEMBER, 1889. Ihe Directors beg to submit to the Proprietors the accompanying Balance-sheet and Statement of Accounts for the Half-year ended 31st August labt : The netprofilafor the half year, after deducting intorest 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 £16,975 3 4 To this has to be added balance from laßt half-year 4,419 17 3 amount to £16,970 3 4 To this has to be added balance from laßt half-year 4,419 17 3 £21,395 5 7 And there must he deducted tax on note circulation and Property Tax ... 2,034 410 Leaving available ... £19,861 0 9 Which the Directors recommend to be applied as follows: To reserve fund (which will then stand at £50,000) ... £I,OOO 0 0 To payment of dividend at the rate of 7 per cent, per annum on the paid-up capital 14,000 0 0 To balance to be carried forward ... 4.361 0 9 14,000 0 0 4,361 0 9 Upon confirmation by the proprietors of the foregoiijg appropriations tho dividend will be payable at the head office on and after the 26th inst., and at the branches on receipt of the warrants. Branches of the Bank have been opened during the half-year at Reefton on 20th March; at South Dunedin on Ist July; atNenthorn on 12th July; at Whangarei on 17th July: and an agency at Waitanuna on 17th July, 1889. GEO, M'LKAN, Chairman, BALANCE-SHEET OF THE COLONIAL BANK OF NEW ZEALAND, As at 31st August, 1889, including London Office at 31st May, 1889. Capital, £2 paid upon 200,000 shares ..._ Notes in circulation Bills payable and other liabilities Deposits Balances due to other banks Reserve fund Profit and loss 400,000 0 0 110,929 0 0 569,288 0 0 1,860,475 3 3 126 7 2 49,000 0 0 19,361 0 9 £3,009,179 11 2 Coin and cash ba'ances at bankers Bullion on hand and in transitu Government securities, consols, etc. ... £150,75S 19 2 Government loans ... 403,833 fi 8 Notes of and balances due by other banks Landed property and bank premises Bank furniture and stationery Bills discounted, bills receivable, and all other debts due to the bank £3,009,179 11 2 PROFIT AND LOSS ACCOUNT.

To dividend at 7 per cent, per annum at 28th February To charges for the half-year, including rent, taxes, salaries, remuneration to directors and auditors, and all other expenses at head office, 29 branches, and 4 agencies To tax on note circulation ... To Property Tax on paid-up capital aD<l resem s to 31at August, 1889 To proposed addition to reserve fund... £I,OOO 0 0 To proposed dividend at the rate of 7 per cent, per annum on the paid-up capital 1-1.000 0 0 To balance ... 4,361 0 9 £ s, d. By balance profit and loss at 28th February, 1889 By 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 ... RESERVE FUND. Cr £ c d. By Balance 28th February, 1889 49,000 0 0 By proposed addition now ... 1,000 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 tho foregoing statement to be in accordance therewith and correct. A. G. FENWICK {. ... THOS. MOODIE S Aucf,tors ' Dunedin, 12th September, 1889. "EARING that it is currently reported that our Business and Bome other local firm are connected, we wish to state that we have no connection with any firm or person other than the business carried on by Alfred Masters, trading as A. MASTERS AND CO., Gentlemen's Hatters and Hosiers, Princes street, Dunedin. SELLING AT LOWEST CASH PRICES. fI'EW GOODS, comprising Table and Pocket _3I Cutlery, Scissors, Electro-plate BM. Teapots, Baths, Travelling Boxes, superior Wringers, Empire Wringers, Table Mangles, Enterprise Mincers, Star Apple Parers, Newest Egg Whisks, Crown Meat Cutters, Mrs Poto's Sad Irons, Four O'Clook Tea Kettles. Weighing Scales, Garden Shears, Syringes and Pumps, Eleotrio Bell Sets, Wire Notting, Prize Filters, Brushware, Lamp Stoves, Gas Stoves, I.R. Hose, Carpenters' Tools, Furnishing Ironmongery of every description. Gas Fittings at greatly reduced prices. For Confectioners'use: Kent's Fgg Whisks, Fancy Bisouit Cutters, Iceing Pipes, Wire Biscuit Trays. WILLIAM COUSTON, Wholesale and Retail Ironmonger, Rattray street. N.B.—Plumbing and Gasfitting at lowest rates. Tinware of all kinds made to order. OTAGO HARBOR BOARD. ►RELTMINARY STATUTORY NOTICE is hereby given that on 9th October prox., at 2 o'clock, in Messrs E. C. Reynolds and Co.'s Auction Roome, there will be offered for sale, in Block 1., Wharves and Quays Reserves, Sootions 25, 26. 35, 36. 52, 62,63, 64, 65, 66, 71. 72. 73, 74, 75, 76, and £ of Section 45, having 66ft frontage to Bow lane, with Cottage and Stabling thereon; also Sections 7 and 7a, 9,10,13, and 15, Block 11., Wharves and Quays Reserves; also at same time and place, Surplus Plant, and at the risk of former purchaser the Hull and Machinery of the Stern-wheel Steamer Balolutha. Further particulars in future advertisement, and at Board's office. JOHN L. GILLIES, Secretary. 16th September, 1889.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890916.2.27.3

Bibliographic details

Page 3 Advertisements Column 3, Issue 8013, 16 September 1889

Word Count
929

Page 3 Advertisements Column 3 Issue 8013, 16 September 1889

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