NATIONAL BANK OF N.Z. LTD.
CAPITAL AND RESERVES. The general manager of the National Bank of New Zealand Limited announces payment on 3rd January of the interim dividend for the halfyear ended 30th September last at the rate of 12 per cent, free of tax. This is the same as for the corresponding period of last year. 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 Liability of shareholders 6,000,000 £10,000,000 and in addition there are undivided profits carried forward of £174,171. In the last balance-sheet its liquid assets stood at £6,261,000, which are equivalent to 42 per cent., or 8-5 d in £ of total liabilities to the public, and for every £1 for its own funds the bank is holding only £3 Ils 6d of the public’s money, which is an exceptionally strong position.
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Hawke's Bay Tribune, Volume XXI, Issue 13, 29 December 1930, Page 8
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148NATIONAL BANK OF N.Z. LTD. Hawke's Bay Tribune, Volume XXI, Issue 13, 29 December 1930, Page 8
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