Page 8 Advertisements Column 1

Evening Star, Issue 21711, 4 May 1934, Page 8

SPECIAL ADVERTISEMENTS. rp H E BANK 0 I l ' AUSTRALASIA (Incorporated by Royal Charter, 1835). Paid-up Capital £4,500,000 Reserve .Fund (used in the business of the Bunk) .. 2,475,000 Currency Reserve (used in the business of the Bank) 2,000,000 Reserve*Liability of Proprietors under the Charter .. 4,500,000 £13,475,000 DNE-HUNDBEDTH ANNUAL REPORT OF THE DIRECTORS OP THE BANK OF AUSTRALASIA, WITH THE ACCOUNTS FOR THE YEAR TO OCTOBER 16, 1933. PRESENTED TO THE PROPRIETORS AT THE ANNUAL GENERAL MEETING HELD ON THURSDAY, MARCH 22, 1934. ! REPORT. The Directors submit to the Proprietors the Balance Sheet as at October 16 last, with the Profit and Loss Account for the year to that date. After providing for rebate on bills current, for British, Australian, and New Zealand rates and taxes, and making a transfer to the credit of Contingencies Account, out of which account provision for all bad and doubtful debts has been made, the net profit for the year amounted to £258,507 14s 4d. To this has to be added £169,783 2s, brought forward from the previous year’s account, making a total of £428,290 16s 4d. From this, £118,125 was paid as an Interim Dividend on October 6 last, and the Directors have now appropriated a further sum of £135,000 to pay a final Dividend of 4s per Share, less Income Tax at 5s in the £l, making, in all, £253,125, equal to 7s 6d per Share, less Tax, and representing for the year a distribution at the rate of 7\ per cent., less Tax. There will remain £175,165 16s 4d to be carried forward to the next account. The Dividend will be payable in London, Australia, and New Zealand on March 23. _ The Directors retiring by rotation are:—Rt. Hon. the Earl of Midleton, K.P., Mr T. R. Johnson, and Mr John Sanderson, who, being eligible, offer themselves for re-election. The Auditors (Messrs Deloitte, Plender, Griffiths, and Co.) offer themselves for re-election. Since the date of the last Report, Branches at North Sydney, in New South Wales, and Newton (Auckland) and Otaki, in New Zealand, have been closed. , T A. WHITWORTH, Chairman. 4 Threadneedle street, London, March .12, 1934. PROFIT AND LOSS ACCOUNT from OCTOBER 11, 1932, to OCTOBER 16 1933 Balance brought forward from October, 1932 .. Profit for the year to October 16, 1933, after deducting Rebate on Bills Current at Balance date (£22,688 4s Sd), and after making a transfer to the credit of Contingencies Account, out of which account provision for all bad and doubtful debts has been made Less: I. Charges of Management— Australasia — Salaries and allowances to the staff, including the Superintendent’s Department, and 227 Branches and Agencies 0 General Expenses, including rent, repairs, stationery, travelling, etc. .. London— Salaries .. General Expenses .. .. .. 11. Rates and Taxes — Australasia and London f s. d. £ g. d. . f s. d. 169,783 2 0 1,069,702 3 2 472,604 3 5 114,800 6 5 31,244 4 5 ! 10,816 10 0 . 629,465 4 3 '.■< 181,729 4 7 From which deduct: Dividend, less Income Tax. at 5s in the £l, paid October 6, 1933 Transferred to Dividend Account, payable March 23, 1934 Balance carried forward as per £428,290 16 4 118,125 0 0 135,000 0 0 —- 253,125 0 0 Balance Sheet 175,165 16 4 BALANCE SHEET, OCTOBER 16, 1933. LIABILITIES. £ s. d. Circulation 353,520 0 0 Deposits at Interest .. .. 26,041,278 14 0 Current Accounts 11,792,071 15 4 Bills payable, drafts in transit, and other liabilities, including provision for contingcn- . cles ... 4,576,078 11 11 Acceptances for customers as pet contra . . ... ~ .. 193,183 11 C Capital: 900,000 shares of £5 each, fully paid £ 1,500.000 0 0 (There :.h under !!■; Charter a reserve liability of the Proprietors of £ 5 per Share). ' Reserve Fund (used in the business of the Bank) 2,475,000 0 0 Currency Reserve (used in the business of the Bank) 2,000,000 0 0 Dividend payable March 23, -1934 133,000 0 0 Profit and .Loss Account balance 173,163 16 <4 42,930,037 12 9,285,165 IS £32,244,203 9 9 4 1 ASSETS. £ s. d. Specie, bullion. Government notes, and cash balances .. 8,127,890 16 0 Loans at call and at short notice 50,000 0 0 British Government securities 1,872,161 3 1 Government securities of Australasia and other investments .. 7,288,306 IS 5 Bills receivable and remittances In - transit .. .. 2,991,322 14 0 Advances on securities, and other assets 01,247,132 2 0 Liability of Customers for acceptances as per contra 193,188 • 1 0 Bank premises and sites in Australia, N.Z., and London, at cost, less amounts written off 472.11 1 3 4 Note.—The Australian and New Zealand assets and liabilities are included at the par rates of exchange and the net difference which would have arisen had they been converted at the rates ruling at the date of tho Balance Sheet is covered by the Currency Reserve. £52,244,203 9 1 A. H. BULLOCK, Accountant. E. GODWARD, Manager. AUDITORS’ REPORT TO THE PROPRIETORS. We have examined the above Balance Sheet with the books of the Bank in London and with the Returns received in London from the Branches in Australia and New Zealand. We have verified the Cash Balances, Loans at Call and Short Notice, Bills of Exchange, Investments, and Securities held in London. We have obtained all the information and explanations we have required and, in our opinion, the above Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of*the Banks affairs, according to the best of our information and the explanations given to us, as shown by the books in London and the Returns from the Branches. t , w , D .F£IJ TE * PLENDER . GRIFFITHS, & CO., Auditors. " London, March 7, 1934. ,

HIGH-CLASS CATERERS. Mrs Macdonald, of the Broadway Cafe, and Mrs Greig, of the Strand Salon, are two high-class caterers, •who always decorate their tables with groups of Thomsons’ Beverages, and, to save trouble and fuss, the bottles are always opened on the tables, and the contents ready for consumption prior to the commencement of the function. EUROPEAN REPRESENTATIVES For the .* EVENING STAR,' Dunedin. Messrs r. b. brett and,son, NEW BRIDGE STREET HOUSE, SO NEW BRIDGE STREET, LONDON, E.C. 4. Telephone, Central 4,559. COPIES OF PAPERS AND FULL INFORMATION AS TO ADVERTISING RATES CAN BE OBTAINED AT THE ABOVE ADDRESS. THE ‘EVENING STAR,’ DUNEDIN. SUBSCRIPTION: WEEKLY (Delivered), Ninepence. POSTED TO ANY ADDRESS IN NEW ZEALAND, 13s per Quarter. ORDERS FOR REGULAR DELIVERIES MAY BE PLACED WITH RUNNERS AND AGENTS OR SENT DIRECT TO THE OFFICE. TELEPHONE 11-745. COUNTRY READERS DESIRING THE ‘ STAR ‘ POSTED are requested to address remittances to THE MANAGER, THE ‘EVENING STAR,’ DUNEDIN, P.O. Box 527. IN order to have the ‘ Star ’ out in good time it is found impossible to classify Advertisements that come in after noon. After this hour they cannot he classified. Wo would therefore request Advertisers to kindly hear (iris in mind and end in their Orders early.

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