Page 3 Advertisements Column 4

Evening Star, Issue 8772, 12 March 1892, Page 3

DATB ADYBETISBMEHTB. THE COLONIAL BANK OF NEW Z SAL AND. jhirty-fiftbT REPORT OF THE DIRECTORS 10 THE HALF-YEARLY MEETING OF THE PROPRIETORS, To be held at the Bank, Princes street, Dunedin, On WEDNESDAY, 30fch MARCH, 1892. The Dlreotors beg to submit to the Proprietors the accompanying Balance-sheet and Statement of Acoonntß for the Half-year ended 29th February last. The net profits for the half-year, after deducting Interest paid and acorned 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 ... £17,677 0 0 To this has to be added balance from last Half-year 7,230 8 8 24,907 3 8 And there must be dedncted Tax on Note Circulation and Property Tax 2,190 13 10 Leaving available £22,716 9 10 Which the Directors recommend to be applied as follows : To payment of dividend at the rate of 7 per cent, per annum on the paid-up capital £14,C00 0 0 Tobalance to be carried forward ... 8,716 9 10 Upon confirmation by the Proprietors of the foregoing appropriation?, the Dividend will be payable at the Held Offioe on and after the Slat M»roh next, and at the Branches on receipt of the warrants. Agencies of the Bank were opened at Ashurst on the 23rd September, Waitara on the 13th October, and Inglewood on the 14th October of last year. The Petone Branoh was oonverted into an Agenoy on the 19th Ootober last. The Hen. William Hunter Reynolds, M.t.0., la the Director who retires from the Board at this meeting, in accordance with clause 42 of the Dfedof Settlement, and, being eligible, offers himself for re-election. Both the Auditors retire from office at the present mert'ng Oi e only—Walter Hialop, Esq.—is ellgibV for ic-electlon, and he offers himself accordingly. GEO. M'LEAN, Chairman. BALANOE-SHEET OP THE COLONIAL BANK OF NEW ZEALAND A 8 at 29 th February, 1892, including London Cffice at 20th November, 1891. Dr. £ s. d. Capital L2 paid up on 200,000 Shares ... ... ... 4C0.0C0 0 0 Notes in Circulation ... 118,792 0 0 Bills Payable and other liabilities 829.76S 17 3 Deposits 2,238,026 2 3 Balances due to other Banks... 486 19 8 Reserve Fund 50,000 0 0 Profit and Loas 22,716 9 10 £3,659,790 9 11 Coin, Bul'ion on hand, and Cash Balances at Bankers... Government Securities, Consols, etc. ... £186,882 11 8 Government Loans ... 403,333 6 8 Notes of and Balances due by other Banks Landed Property and Bank Premises... Bank Furniture and Stationery ... Bills Discounted, and all other debts due to the Bank, including Remittances in transitu 325,184 19 9 590,215 18 4 15,513 2 8 121,620 0 4 9,918 15 7 situ 2.597,337 13 3 £3,059,790 9 11 PROFIT AND LOSS ACCOUNT. Dr. £ s. d. To Dividend at 7 per cent, per annum at 31st August, 1891 .. ... ... 14,000 0 0 „ Charges for the half-year, including rent, taxes, salaries, remuneration to directors and auditors, and all other expenses at Head Office, thirty Branohe?, and eight agencies 23,450 2 6 „ Tax on Note Circulation ... 1,210 0 1 „ To Property Tax on Paid-up Capital and Reserves to 29th February, 1892 ... 930 13 9 „ PrcpDsed Dividend at the rate of 7 per cent, por annum on the Paid - up Capital ... £14,000 0 0 „ Balance ... 8,716 910 £62,357 6 2 Cr. £ s. d. By Balanoe Profit and Loss at 3lst August, 1891 ...21,230 3 8 „ Groai P,ofit for half-year (after making provision for bid and doubtful debtc, Interest paid and aocrued on fixed deposits, acd rebate on bills current) amounts to ... ... 41,127 2 6 £52,357 6 2 BESERVB FOND. Dr. £ s. d. Tobalance £50,000 0 0 £50,000 0 0 Cr. By balance 31st August, 1891... £50,000 0 0 £50,000 0 0 GEO. M'LEAN, Ohalrman. H. MACKENZIE, General Manager.

We have examined the cash 'Mid bills on band at head office, and compared he abstracts of balances from the various brand '?, and certify the foregoin? statement to be a aocordftnce therewith and correot KEITH RAMSAY »„ JSf/ . vl ,

WALTBR HISLOP f Eunedin, 9th March, 1892. ESTABLISHED 1862. BBAGLKY AND SON 0 are regularly in reoeipt of Drags and Chemical?, Surgical Appliances, Perfumery, Patent Medicines, and Sundries. The extent of our business arrangements enables ua to offer the most recently manufactured goods of the best quality at low prlceß. We desire to mention that our business was established in 1862 by Mr Benjamin Bagley, sen., and baß had a continuous and successful run for 80 years. This is in Itself a strong recommendation. The present principal, Mr B. P. Bagley, has been engaged In connection with the firm for abont 25 years—first as assistant and partner with his father, and now aa head of the business. He Is giving his best attention to the require-1 ments of the trade, and is fortunate in having the services of trustworthy and competent assistants, who have been with him for yean, The managing assistant at the Water of Lelth Dispensary, Mr Hoist, 1b a qualified analvßt and mineralogist, and is practising these subjeots on hia own behalf at the Dispensary. B. BAGLBY AND SON, Dispensing Chemists and Genebal Impobtebs, 134 George street (near Hanover street), and at the Water of Lelth Dispensary, King street north, Recent Drugs and Specialties are forwarded to us on their appearance In the Home market. STANDARD INPURANOE COMPANY OF NEW ZEALAND. NOTICE TO SHAREHOLDERS. DIVIDBND WARRANTS for the Halfyear ending 31st December last will be issued at the Company's Offices, High street, on and after MONDAY, the 14th Inst. THOMAS R. FISHER, General Manager, OO K —lron-framed Trichord Pianos on Zb&O the Hire S; ' " "" " monthly. Dresden Piano