141-3 per cent Dividend On Ordinary Shares
BANK OF N.Z. PROFITS. RESULT OF YEAR’S TRADING WELLINGTON, Last Night,
The report of the directors of the Bank of New Zealand submits the balance sheet and profit and loss statement of the bank for the year ended March 31 last.
The profits, after providing for expenses of management and all bad and doubtful debts and an annual donation to the provident fund, were £(508,222. From this has to be deducted interest on guaranteed stock £2119, leaving a balance of profit for the year £587,023.
To this has to be added the balance brought forward from last year £626,002, the total available for distribution being £1,213,025. From this amount £336,276 has been paid in interim dividends, leaving available for distribution £846,719 which the directors propose to be disposed of as follows:
Dividend on C long term mortgage shares at 6 per cent, per annum, £7031. Dividend on D long term mortgage shares at 74 per cent, per annum, £17,578.
Dividend on preference B shares (making £181,250 for the year), £139,583.
Dividend at the rate of 7 2-3 per cent, on ordinary shares (making £537,500 for the year, equal to 14 1-3 per cent.), '£287,500.
Leaving the balance to be carried forward £395,057.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HC19320608.2.12
Bibliographic details
Horowhenua Chronicle, 8 June 1932, Page 2
Word Count
209141-3 per cent Dividend On Ordinary Shares Horowhenua Chronicle, 8 June 1932, Page 2
Using This Item
NZME is the copyright owner for the Horowhenua Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in