BANK OF NEW ZEALAND.

Manawatu Standard, Volume LX, Issue 120, 19 April 1940, Page 10

BANK OF NEW ZEALAND.

DIVIDEND UNCHANGED. BONUS TO STAFF. Tho directors of the Bank of New Zenland anouncc that ,subject to audit, it will ho recommended at the annual meeting of shareholders to be held on June 21, llmt a final dividend of Is a sliaro bo paid to the ordinary shareholders for the last half-year, making the distribution the same as for the previous year. A bonus of 7i per edit, on salaries as at March 31, 1940, has been granted to members of the staff of the bank. „ „ , An interim dividend of Is a share was paid on Dcccmbor 9, 1939. With the final dividend of a similar amount now announced, tho distribution for the financial year ended March 31, 1940, will bo at the unchanged rate of 10 per cent. Interim dividends were paid on December 9 as follow: On preference A shares (N.Z. Government), £50,000; on C longterm mortgage shares (N.Z. Government), £7031 ss; D long-term mortgage shares, £17,578 2s 6d; on preference B shares (N.Z. Government), £31.250; on ordinary shares, £187.500; total, £293,359 7s 6d. The payment of a final dividend of Is a share on the ordinary shares will amount j to £187,500, making a total of £375,000 for Mho vear ended March 31, 1940. Other final dividends payable in .Tune arc: On C long-term mortgage shares (N.Z. Government), a.t 6 per tent, per annum, £7031 ss; on D long-term mortgage shares at 72 pet cent, per annum. £17,578 2s 6d: on preference B shares (N.Z. Government), making £IOO,OOO for the year, £68.750. The total distribution in dividends for the year will tluis amount to £574,218 15s. ■The paid capital of the Bank of New' Zealand amounts to £6,328,125. made up as follows: Preference A. fully-paid £1 ■ shares issued to tho N.Z. Government, £500,000; C long-term mortgage fully-paid I £1 shares issued to the N.Z.. Government, '£234,375; D long-term mortgage fully-paid !£1 shares. £468.750: preference B fullypaid £1 shares issued to the N.Z. Covern- | inont, £1,375 000; ordinary fully-paid shares £3,750,000.