Page 2 Advertisements Column 1

Mataura Ensign, Volume 6, Issue 304, 9 November 1883, Page 2

mm ' ' ' > .J 1 Special Advertisements. "DANK OF NEW ZEALAND. HALF-YEARLY MEETING. AT. / AUCKLAND. • • — — 4 The. Half-yearly General Meeting. of Shareholders was held at the Banking-house,! Queen street, on 25th October, at noon— the Hon,. James Williamson in the chair. J The General Manager (Mr D. L. Murdpch) read' the advertisement calling the meeting, also • the minutes "• of the last half -yearly ' general meeting and the report and "balance sheet a^oU#ws:'-3aKi«^ -.- ■>.~o> ."!--.■-.. -,-. Foyty-fourtßT ßeport of the. Directors of the 'Bank of New Zealand .to. the : Half-yearly' General 'Meeting of the Proprietors, held . at*l|K^Bankihg^h'ou-ej" Auckland', "'on* 1 Thursday, 25th October, 1883. | The result of the past half-year's operations j as exhibited in,*th'e following Statement, will no doubt be received,, with,, satisfaction by shareholders \—. To Net' Profit for thei half-..' year,ehde^ September 3Q, after full'^appropriatioh. for., all known and doub.^ul^ . debts,' and in reducl ion/0f... Bank'Pr'emises and 'Fur'nir "' . ture.' Accounts, . amounts to 77 '...', , j;.;.' .'...£84,449 2 4 To which has to be added— Balance from half-year ended March 31 24,451 8 0 Giving ft. total, available for divisio^.of . , .. v .. ..,.£108,900 10; 4 .»,-..*".•■ . • . ,- Which, i*v'jis/ proposed be now appro'priated ;".'•"; . as , „.-;. To of .Dividend . * : [.at.tfieraieof, . . [j 10. per cent.. „ .- .- ■. perV' an^urp, j£50,000 0 '6[ . T.o ,ilbjaiißi' of"'. .. -; • ss. per. share equal to -5 j per cent, per annum V ....£26,000 0.0 . . To Addison, , to ,-. Beserve Fund'/ ... 26,000 0 0 To , Balance . carried to Profit- : .'and LossNewAc? .i, count , ... «,900 10 4 - 7 , . / . —£108,900 10 4 The (dividend, and Bonus will be payable at the $ejad,Qffice, Auckland, on and after Friday the 26t_i inst.', and at_Branehes en receipt ot advice. - •---.- Fort^e Board of Directors. , Jas. Willumsok, President. Aggregate Balanoe-sheet of the Bank O^7NEW_iE__L__ND.AT 30TH SBPTEMBER, 1883, INCLODIKG LONDON OFFICE AT. 31st. July, 1883. Dr 'LiABiLiTiES £ s. d. Capital paid-up 1,000,000 0 0 Reserve fund " \.. ' ... 600,000 0 0 l?otes ih chrculatibn, ... 543,890 0 0 Bills payable in circulation 1,659,766 3 7 Deposits aind other liah-lities 8,649,875 6 9 Balanceo'f prsfi| ahdlqss , 108,900 10 4 "'7 y\:,j,'7 • "■" ."7L-. — ~ — ' . ' " T . .-- 'U"S'.. - * : 0 8 Cr ;'; „v- Assets. '", \. '* '\' ■• .'d Coin and cash " balances .at,. , „ ,''■ bankers'... ■ .:.' ".,. 1,171,71^ 16 0 Money oii. short call in London'.^*; 77."' ' \.. 774,380 0 0 Bullion dn hand and in transit T.7 ..../.,... . ' ... 354,181 311 G6vernment7'securities , .... .307,302 10 0 Bills rejceivable .and. securir .-.» ti|&ix_ t LbndoiLi . 7^_ a . .. . 1,171,934 '4 6 Bills discouirted ,and other ,].. deb^.duV.to thie Bank... 8,483.936 . 4 11 Landed property, /Bank pre- ; mise^.*|: ",/' .;. , ..." . 268,987 I 5 r ' '^-:V ."-V 7 r *:£12,532,435 '0 * 8 * PROITIT AND LOMLACOOT/NT. „ ti-Bt^T,^. 77£ 77- ■■*.' ■ "*.% ■ To din^^nilOfcO^Q'Ahare^ -. - -y^r^-r -^ - of of 10 :. per cenfe perannum--; > - ... AQ>ooo x .0. :0 To Bonus s at..the ; ;.rate of ss, '-,;., . per.Bhare/ie.(^fto." , e* , ptif' : t***".-;v ' j " 7 cent, per .annum ... ... 25,000 o_o To balance earned to^ profit" ' .7. i '-..-. . and l«ra_iew^ace^(unt ; " r t -' ...*"' 8,900 10 4 : . v ', " .3 YJt7.'"77U. ... } -7.7 &W,m io 4. Cr. >> .; 6 ... fi -/../- „;"-, i£ ■■- js. d. Fy b^Wi^^mlJialfryeay, 7„..^.i S. ended: 3lsrMarch, 1883....- 24 "451 8 0 By net profit for half-year" ;1 ended 30th September,---1883 ..: ) 84,44:9 2 4 - : . '■'■ '* r> dU108,900 10 4 ,'. RBSERYB; JfVSJ). ' ''- 7Dr. ....." &. s. d. To balance (including pro-i posed addition) s ... ; .. 625,000 0 0 !.'. ».- -_ v . £625,000 0 0 G^m^U"'A/i £ ' r -±\^ By balance as. at 31st March , - and » at' SOtli ; fiepteniber)---1883 , r i. *ii..i v, -tm.: 600,00A 0, 0 By proposed addition < .... 25,000 0 0 , ,':.'• yi /Ay : , , -£625,000 0 0 We hereby certify timt we have examined the accounts of the Bank of New Zealand for the half-year euded September 30th,1883, and that we haveicounted the cash balances and examined the bills: and ether securities held at the Head, Office, and compared the returns of the branches with the statements in the foregoing' balance-sheet, and have found the same to be correct. (Signed) B. TONES, ' t Auditors WM. INNES TAYLOR, J^ uauors ' The Chairman, in moving the adaption of the report and balance-sheet, said : Gentlemen,— ls is my pleasing . duty . to invite your attention to the report, and. balance-sheet which hj^ve just, been read,.and to offer my congratulations that, notwithstanding the inactive state of business throughout the colonies, the abnormal rates which continue to rule for deposits,' and the continued narrow margin between borrowing . and lending rates, we*are ''able' to place before you such a* very satisfactory; resiilt. > The figures in the balance-sheet, while affording evidence of the satisfactory condition of ithe Bank's business^' and' the strong financial position we occupy, offer little room for comment iu comparing*, thenr with those of the previous half-year. The- variations under the respective headings, as -shown in the '.'-slight* decrease in circulation and the reduced amounts' of our bills payable and receivable ; are duo? the ; one 4o ; general inactivity in business \ throughout . .the ; colony, and the other to the ie_3 active • exchange, operations pertflinirn/to the season or. '.the which I the balahce-_heet' s 'Sbmpri3.s: The deposit* exhibit-a** substantial- -increase; and the* ad- ; vances^jße-also jli ghtlyj greater .'thftii in: list bai*ince-!S^ejb,' £ f^.e^ca^h,-;-aiid) immediate available^eioi^ce?,,-^ the. .colooy and in Londarl/ as! will be" seen by . the .'statement, afford n_6-t' ample T-'oyei* for,.all.,,.ettn Requirements.;- -Tlie 5 ! b'ftlancp^.of 'prdfit au4. : loap account is greater ;tl^an tHX,CirduAstanccS'tO which JT Have 'airaa*Hy 'iallnded ' ,'njaghfc have l.d us .6*jex^^ c an^,'\ ; 'arith'.'the- balance brought forward from last haif-veaij enables ns to maintain *our cHvid'erid and L'Oftns, 1 to make the handsome at; . lit; on -• of L -6.000 '■ to' r-.B3rve fund,.and tbop i*i"{J_e'"new half-year with a balahce of LB9UO 10s 4d. In, rny remarks at the two previous -half-yearly • meetings, I''di§w yOtir attention to causer which in great 'measure :had brought r aboii*fc the then exceptional'OonditioDf'of -' th r e ' 'colbiiiall iribhey markets t^htß&cttusfs -.ar^ 'gradually j 1 being removed*rl/ttt^fhe prdtee-s is<a very-' slow . one,* and ' witb^tftr i ?-bnie r sp''cial .relief,- which at presen***iß<*_ibt'*aj>].rf-enti'l fear we must Jo*?k Ip^e^pont^uance pf $ ■tight J»one^* \