NATIONAL BANK

Gisborne Times, Volume LXXIII, Issue 11827, 7 January 1933, Page 4

NATIONAL BANK

INTERIM DIVIDEND TO-DAY

! STRONG POSITION SHOWN. Tho general manager of the National Bank of New Zealand, Ltd., announces payment on 7th January °f an interim dividend at the rate of per coni;, per annum, free of tax, for tho half-year ended 30th September last. The above dividend will be payab e in New. Zealand, at any branch of tho National Bank of New Zealand, Ltd, at current rate of exchange for demand drafts on London on 7th January. This makes the interim dividend equal to £2 3s 5 per cent. This bank shows its capital and reserves as under:—Subscribed capital £6,000,000. Paid up capital £2,000,000 reserve fund (invested in Government securities) £2,000,000; reserve, liability of shareholders £6.000,000 a total of £10,000,000, and in addition there are undivided profits carried forward of £142,293. In tho balance shoot liquid asset:* stand at £7,327,000 which are equivalent to 01 per cent or 10s 2d in the £ of the total liabilities to the public and for every £ of its own funds tho bank is holding £3 9s 5d of the public’s money which is an exceptionally strong position.