THE BANK OF NEW ZEALAND.
■ - - . / . . _ f~ -■ [Per Frees Association.] . ' : WELLINGTON, Jraie 29. The Bank* of, New .Zealand balance-sheet for the year ended March 31. was laid-on the table of the House to-day. The .profit and loss account shows that the gross profits amounted to £414,076, and the working expenses to, £171,556, leaving a .Pet balance cf £242,520, which has been lapplied as followslnterest on guaranteed cgftock £Bo,ooo,.dividend.on preferred 'shares written off Estates , Company 'assets in liquidation £70,371, ' written off debenture, conversion account , £l4jS49, written • off good will £IO,OOO, payable ‘to Assets Board £50,000. The -items-of.,ex-■penditure ' are salaries ' and 'allowances £110,682, directors’' remuneration £2OOO, general expenses. £36,778, audit ..expenses £2494,. rates and, taxes £20,601. The ■.liabilities are :—Capital £2,919,519, reserve fund £23,474, note circulation" £722,700, bills -in circuMion ; £77,348, deposits £8,587,859, other liabilities £114,402, the .total liabilities being £13,138,373. ■ The assets 1 show coin and bullion £1,407,526, liquid assets in London £2,667,637,' investments in the colony £2,385,284, bills • discounted £1,791,337, advances £3,961;688, and other assets £15,188,373.'
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Bibliographic details
Lyttelton Times, Volume CIII, Issue 12242, 30 June 1900, Page 8
Word Count
165THE BANK OF NEW ZEALAND. Lyttelton Times, Volume CIII, Issue 12242, 30 June 1900, Page 8
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