NATIONAL BANK
NET PROFIT FOR THE YEAR. (Per Press Association, Copyright). WELLINGTON, June 24. Advice was received from London by the National Bank of New Zealand that the net profit for the year ended March 31 last, alter making provision for bad and doubtful debts and transient ng £30,000 to the exchange and contingency account, amounted to £102,949, which with £106,316 brought forward from the previous year, left available for distribution £209,365. It is proposed to allocate that amount as follows: —Dividend at the rate of four pet- cent, per annum free of income tax. £SO,O00: to /pension and gratuity funds, £14.000; balance to be carried forward, £115,265. The dividend, which maxes four per cent, for the year, will be payable in New Zealand on July 13,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HOG19350626.2.21
Bibliographic details
Hokitika Guardian, 26 June 1935, Page 4
Word Count
127NATIONAL BANK Hokitika Guardian, 26 June 1935, Page 4
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in