Bank of New Zealand

Manawatu Times, Volume LVI, Issue 7185, 17 June 1933, Page 7

Bank of New Zealand

Over £600,000 Profit for Year DIVIDEND OF Hi PER CENT Per Press Association. WELLINGTON, June 16. In the balance sheet and profit and loss statement of the Bank of New eZaland, the directors say the profits arc £615,469 9s 7d. Prom this lias to be deducted interest on guaranteed stock £21,199 8s lid, leaving the balance of profit for the year £594,270 6s Bd, to which has to be added £295,056 5s 9d, balance brought forward from last year, making £989,326 Cs sd, from which has been paid a dividend on preference “A” shares £50,000, interim dividend on “C” long term mortgage shares £7,031 ss, interim dividend on “D” long term mortgago shares £17,578 2s 6d, interim dividend on preference “B” shares £39,062 10s, interim dividend s on ordinary shares £234,375, total £349,000 17s 6d, leaving available for distribution £641,279 8s lid. This the Directors proposo should be disposed of as follows: Dividend on “C” long term mortgage at 6 per cent, per annum £7,031 ss, dividend on “D” long term mortgage shares at 7} per cent, per annum £17,578 2s 6d, dividend on preference “B” shares (making £123,437 10s for the year) £84,375, dividend at the rate of 5 per cent, on ordinary shares (making £421,875 for the year, equal to 11J per cent.) £187,500, leaving a balance to be carried forward of £344,795 Is sd.