NATIONAL BANK OF N.Z. LTD.
CAPITAL AND RESERVES. The general manager of the National Bank of New Zealand Limited announces payment on January 4th of the interim dividend for the half.year ended September 30th last at tho rate of 8 per cent, per annum free of tax. The above dividend will be payable in New Ze_land at any branch of the National Bank of New Zealand, Ltd., at current rate of exchange for demand drafts on London on date of negotiation. This makes the interim dividend equal to £4 6/9 per cent. 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) 2,000,006 Reserve liability of shareholders 6,000,000 £10,000,000 and in addition there are undivided profits carried forward of £168,457. In the last balance-sheet its liquid assets stood at £6,049,000, which are cnuivalent to 41.3 p r cent, or 8/10 in £ of total liabilities to the public and for every £1 of its own funds the bank is holding only £3 5/6 of the public’s money which is an exceptionally strong position.
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Hawke's Bay Tribune, Volume XXII, Issue 13, 29 December 1931, Page 9
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184NATIONAL BANK OF N.Z. LTD. Hawke's Bay Tribune, Volume XXII, Issue 13, 29 December 1931, Page 9
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