The National Bank of New Zealand, Ltd.

Manawatu Times, Volume 63, Issue 160, 9 July 1938, Page 6

The National Bank of New Zealand, Ltd.

The general manager of the National Bank of New Zealand, Ltd., announcea payment of a final dividend at the rate of 5 per cent, per annum less United Kingdom income tax at the rate of 3s 8d in tho £ for tho half-year ended March 31, 1938.

The above dividend will be payable in New Zealand at any branch of the National Bank ox New Zealand, Ltd n at current rate of exchange for demand drafts on London on the date of negotiation. An interim dividend at the rate of 4 per cent, per annum free oi tax was paid in January last and th* total dividend for the year with exchange added, will give the shareholder in New Zealand a return of £4 19s lOt per cent, for the year. This bank shows its capital and reserves as under:— £. Subscribed capital ~ ~ .. 6,000,000 Paid-up capital 2,000,000 Reserve Fund (invested in Government securities) .. 1,000,000 Currency reserve (invested in Government securities) .. 500,000 Reserve liability of shareholders 6,000,000 In addition there are undivided profits carried forward of £113,690. In the balance-sheet, liquid assets stand at £5,145,000 which are equivalent to 33.75 per cent, or 6s 9d in the £ of total liabilities to the public and for every £1 of its own funds tho bank is holding £4 4s 4d of the public 7 s money.

Mr. F. Knight, clerk of tho Magistrate ’s Court at Auckland, has been appointed acting-registrar of the Supreme Court at Auckland as from August 1, pending the appointment of a permanent successor to the retiring registrar, Mr, J. C. Mayfroy,