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LATE ADVKKTISEMENTP. The colonial bank of new ZEALAND. £OET Y -SECOND Report of the directors To the HALF-YEARLY MEETING OF THE PROPRIETORS To tie held at the Bank, Princes street, Dunedin, On ■Wednesday, 25xu September, is9s. The directors beg to submit to the Proprietors the accompanying balance-sheet and statement of accounts for the half-year ended 31st August 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., amount to £12,935 11 2 To this has to be added balance from last half-year ... ... 8,700 15 6 Pending the result of negotiations opened by the Bank of New Zealand for the purchase of this batik as and from the 31st August, IoOS, it is not the intention of the directors at present to deal with the balance, but to adjourn the General Meeting on the 25th September until a date in October, by which time the wishes of shareholders as e.xpres-ed at an emergency meeting (shortly to be called, and of which due notice will be given) will be known. The directors regret to announce the death since the last report of Mr Henry Rose, M.1.A.N.Z., one of the bank's auditors. To fill the vacancy until this meeting they (under clause 100 of the deed Of settlement) appointed Mr G. L. Dcnniston. The Pleasant Point agency was closed on the 27th March, 1895. GEO. M‘LEAN, Chairman. BALANCE-SHEET OF THE COLONIAL BANK OF NEW ZEALAND, As AT 31st August, 1895, including London Office at 3 Ist May, 1895. Dr, Capital, £2 paid up on 200,000 shares ... ... ... £400,000 0 0 Notes in circulation ... ... 107,367 0 0 Bills payable and other liabilities 457,887 14 7 Deposits ... ... 1,947,921 13 5 Balances due to other banks ... 3,080 1 7 Reserve fund ... ... 65,000 0 0 Profit and lots ... ... 19,980 210 £3,001,235 12 5 Cr. Coin, bul ion, and cash bala n c c s at banker’s ...£363,037 7 2 Money with London brokers at call and short notice ... 45,030 0 0 Notes of and balances due byother banks ... ... 9,589 14 7 Government securities, consols, etc ,168,131 1 5 Remittances in transitu and awaiting maturity ... 548,762 4 4 Landed property and bank premises ... ... ... 125,399 15 2 Rink furniture and stationery 9,717 1 2 Bills discounted, and all other debts due to the bank ...1,731,549 8 7 £3,001,236 12 5 Profit and Loss Account. Dr. To dividend at 6 per cent, per annum at 28th February, 1895 ...£12,000 0 0 Charges for the half-year, including rent, taxes, salaries, remuneration to directors and auditors, and all other expenses at head office, 30 branches, and 9 agencies ... 22,857 14 4 Land, income, and note tax ... 1,656 310 Balance ... ... ... 19,980 2 10 £56,474 1 0 Cr, By balance profit and loss at £Sth February, 1895 ... ...£20,700 15 6 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) fo ... ... 35,773 5 6 £55,474 1 0 Reserve Fund. Dr. ■£o balance ... ... ... £65,000 0 0 £66,000 0 0 Or. By balance 28tli February, 1895 £65,000 0 0

£65, (TO 0 0 GEO. M'LEAN, Chairman. 11. MACKENZIE, General Manager. Wo have examined tho 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 in accordance therewith and correct. WALTER HISLOP, M.1.A.N.Z.) .„ llifnril G. L. DENNISTON j-muiuors. IJlinedin, 17th September, 1895. Wo have examined the abstract balance-sheet of the London branch for the half-year ending 31st May, 1895, and, having compared tho same with the books of the bank, find it to be in accordance therewith. We have counted the cash and stamps and gone over the bills on hand, and found tho whole to be correct. We have also verified the securities held by your London bankers and compared the bank pass books, and found them to agree. THOMSON, JACKSON, GOURLAY, AND TAYLOR, C.A. London, 13th July, 1895. FYFE AND CUMING. FYFB AND CUMING. A man may not be an engineer, yet he can construct an engine— THAT’S GENIUS. We can induce our customers to buy our goods— THAT’S ART. Many men can draw large cheques and get them cashed— THAT’S CAPITAL. We may sign a cheque for £IO,OOO and no bank will cash it— THAT’S HARD. Others will sell goods under cost so as to make salcs “ THAT’S RUIN. We adhere to small profits and quick sale— THAT’S SUCCESS. Many persons prefer to buy at our warehouse THAT’S KINDNESS. Wc could say a lot more of our warehouse, but won’t— THAT’S MODESTY. MILLINERY WINDOW CROWDED WITH NOVELTIES Lovely Bonnets at moderate prices Up-to-date Sailors, already trimmed, Is lid each 5,000 Sprays Summer Flowers, 2|d spny Stylish Capes (very much in demand), 6s 6d each. 103 dozen Ladies’ Black and-gold Corsets, 2s 6d per pair Ladies’ Black Cashmere Hose, seamed and fashioned, Is per pair Our noted Half-crown Kid Glove, blacks, browns, tans 50 dozen French Kid Gloves, 4 clasps, slightly spotted, Is Hid per pair Splendid variety in New Lisle and Taffeta Gloves from 6|d per pair New Washing Blouses, Is Hid Pretty Blouse Shirts. 2s lid New Silver Buckles for Waistbands, Is each New Liuen Sets, with fronts, collar, and cuffs, Is Hid the set Ladies’Leather Belts, with pretty buckles, la each Umbrellas that will wear well, 2s Hd each Umbrellas with new handles, 2s lid each Umbrellas for Ladies and Misses, 2s Hd each Sunshades for Children, Is 6d each New Satin Ribbons. 2|d yard New Point Lace, 2|d yard Novelties in Fancy Ribbons Cream Japanese Silk for Blouses, Is Hid Cream Japanese Silks for Blouses, 2s 6d. FYFB AND CUMING’S Great Drapery and Clothing Stores, 66, 68, 70, and 72 Gkobge street. FENDERS are invited till 2 p.ra. of MONDAY, the 30th inst., for the ERECTION f ADDITIONS and ALTERATIONS (of wood) o a Residence in High street. JAMES HISLOP, Dowling street. Architect. ACCOUNT Books for office, warehouse, or counter. We want to clear these lines at the Stab Factory, Crawford street.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18950921.2.28.1

Bibliographic details

Evening Star, Issue 9807, 21 September 1895, Page 3

Word Count
1,017

Page 3 Advertisements Column 1 Evening Star, Issue 9807, 21 September 1895, Page 3

Page 3 Advertisements Column 1 Evening Star, Issue 9807, 21 September 1895, Page 3

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