THE NATIONAL BANK OF NEW ZEALAND, LTD.

Gisborne Times, Volume LXXXIII, Issue 12750, 4 January 1936, Page 2

THE NATIONAL BANK OF NEW ZEALAND, LTD.

The general manager of the National Bank of New Zealand Limited announces payment on January 4 of an interim dividend at the rate of 4

per cent per annum, free of tax, for the half-year ended September 30 last.

The above dividend will be parable in New Zealand, at any branch of the National Bank of New Zealand.. Limited at cunnt rate of exchange for demand drafts on, London on the date of negotiation. This makes the interim dividend' equal to £2 9s per cent.

This hank shows its capital and reserves as under:— Subscribed capital £6,000,000 Paid-up capital £2,000,030 Reserve Fund, (Invested in Government Securities) £1,000.000 Currency Reserve (Invested in Government Securities £500.000 Reserve Liability of Share holders £6,000,000 £9,500,000

and in addition there are undivided profits carriedi forward of £115,366. in the balance sheet liquid assets stand at £8,251,000 which are equivalent to 55 per cent or 10s lid in the £ of total liabilities to the public and for every £1 of its own funds the. bank is holding only £4 3s 5d of the public’s money which is an exceptionally strong position.