BANK OF NEW ZEALAND.
■_ | We'lin"ion. June 21. j The meeting of shareholders in the Bank of New Zealand adopted the balance sheet and report. Mr. T, S. Weston said that in 1914
the Bank paid £‘61.267 in taxes and rales, and the profits were £348,490. This year taxation and rates increased to £346.384. :uid the profits were Jhtrt.Gj'j. ’Pile iuiiouiit distributed in dividends I’iis year. £237,500, was nearl.v £i(l).«o6 less than the levy for : Uxaiin.i and rates. The Bank's as- | sets were now greater than those of I any other bank except the Bank of ■ New South Wales. The shareholders j deserved credit for the strong and I satisfactory position, because they I had supported the building up of 1 substantial reserve funds. He gave 1 figures showing how the shareholders had accepted a lower, dividend, in 1 proportion to assets, than those of other 1.-ajiks. thus: Union Bank 6| per cent., Bank of Australasia 6| i per cent.. Bank of New Zealand 6
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Bibliographic details
Hawke's Bay Tribune, Volume VIII, Issue 161, 21 June 1918, Page 6
Word Count
164BANK OF NEW ZEALAND. Hawke's Bay Tribune, Volume VIII, Issue 161, 21 June 1918, Page 6
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