COMMERCIAL.

Grey River Argus, Volume XV, Issue 1819, 4 June 1874, Page 2

COMMERCIAL.

BANK OF NEW SOUTH WALES,

At the forty-seventh half-yearly meeting of the proprietors of the Bank of Sew *outh Wal»-s, held at the chief banking house on Wednesday, the 29th day of April. 1874, the report showed that the net profits for the half-year, after deducting rebate on current bills, interest on deposits, providing for bad and doubtful debts, reducing valuation of bank premises, and paying taxes on aote circulation, amounted to £92,713 4s, to which is to be added undivided balance from last half-year, £3223 9s 9d ; giving for distribution, £95,936 13s 9d, which the directors recommended to be be appropriated as follows ;— To payment of dividend at the rate of 15 per cent, per annum, £75,000; to bonus at the rate of 2.^ per cent per annum, £12,500 ; to grant in ad of bank officers' fidelity guarantee and provident fund, £5000; to'ba'ance carried to '• profit and loss " new account, £3436 13s 9d. Total, £95 936 13s 9d. The following is the aggregate balancesheet to March 31, 1874 (including Lomiou Branch to 31st December, 1873, and New Zealand Branches to 2nd March, 1874) :— Dr £ s. d To Bank stock £ £ „ iujaerve fund ... ... 000 odd o o „ Notes in circulation ... 724,601 0 0 „ Bills payable 2.286,520 8 8 „ Depo-its and other liabilities 7,346,477 6 5 „ Profit and loss ... 120,185 12 6 £11,811,117 14 3 Cr. £ s. d. By Coin and cash balance 2, 173, 339 19 9 „ Bullion in hand and in transit to London ... 771,574 18 9 „ Government securities 321,630 1 1 „ Notes of other banks... 18,570 0 0 „ Bank premises ... 180,158 13 5 „ Bills receivable, bills discounted, and other debts due to the bank 8,338,263 11 3 „ Insurance account ... 7,580 10 0 £11,811,117 14 3 PROFIT AND LOSS, MARCH 31, 1874. Dr.— 1874- Mar. 31. £ s. d. To rebate (at current rates) on bills discounted not due at this date ... 24,248 18 9 „ Dividend at the rate of 15 per cent, per annum 75,000 0 0 „ Bonus at the rate of 2£ per cent, per annum... 12,500 0 0 „ Grant in aid of bank officers' fidelity guarantee and provident fund 5,000 0 0 „ Balance carried to •' profit and loss," new account 3,436 13 9 £120,185 12 6 C*.— 1873-Sept. 30. £ s. d. Sy amount from last account ... 3,223 9 9 1874-Mar. 31. „ Balance of half-year's profits after providing for bad and doubtful debts, and including recoveries from debts previously written off asbad 116,962 2 9 £120,185 12 6 Audited, 29th ApriV, 1874. James Milson jA v t George Thorse j Audltors -