THE COLONIAL BANK.
~ »■' j (tJNtTED PRESS ASSOCIATION.) . Dunbdin, July 10. The half- yearly balance sheet of the Colonial Bank of New Zealand shows that the net profits for the year after making usual allowances, amount to £18,960. Adding to this the balance from the last half year and any deductions, the tax on the note circulation and £500 donation to guarantee association, there remains available £20,419, Out of this it is proposed to pay a dividend of seven per cent per annum on the paid up capital, place £1000 to the reserve fond and carry forward £5,410. Mr John Roberts is the only candidate for the vacancy m the directorate, • ~ ■
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Bibliographic details
Marlborough Express, Volume XXII, Issue 162, 12 July 1886, Page 2
Word Count
110THE COLONIAL BANK. Marlborough Express, Volume XXII, Issue 162, 12 July 1886, Page 2
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