BANK OF N.Z.

Grey River Argus, 17 June 1933, Page 4

BANK OF N.Z.

(per Pres 3 Association). WELLINGTON, June 16. In the balance sheet and profit and loss statement, tho Bank of New Zealand directors say: The profits were £615.469 9 7. From this has to be deducted interest on guaranteed stock £21.199 S/ll leaving a balance of profit for the- year of £594,270 0/8, to which has to be added £395,056 5/9 balance brought forward from last year making £989,326 6/5 from which has been paid a dividend on pref A shares £50,000. interim dividend on <' long term mortgage shares £7031 5/-. interim div. on D long term mortgage 4 shares £17,57S 2 '6. interim div. on perf B shares £39.062 10/-, interim dividend on ordinary shares £234.375, total £348.060 .17, 6. leaving available for distribution £641.279 S/11. This the directors propose should be disposed of as follows: Dividend on $ C long t’Tni mortgage at 6 per cent, per annum £7031 5/-, dividend on D long term mortgage shares at 7$ per cent per annum £17.578 2/6, dividend on pref B shares making £123,437 10/for the year £84.375. dividend at tho rate of 5 per cent on ordinary shares, making £321.875 for the year, equal to 111 per cent.. £187.500, leaving bal- a ance to bo carried forward £344.795 1/5.