BANK OF NEW ZEALAND.
SATISFACTORY BALANCE-SHEET,
LARGE PROFITS,
WELLINGTON, June 6. The balance-sheet presented at the ordinary general meeting of the Bank of New Zealand proprietors on the Ist June discloses a highly satisfactory year's operations. The profits, after providing for expenses of management, debts, etc., is £396,182 5s lid. The amount available for distribution is £30,587 13s sd. This the directors*propose should be disposed of as follows:—A dividend of 4 per cent, on preference shares and 6 per, cent, on ordinary shares; a bonui; at the rate of 3 per cent, on ordinary shares; transfer to reserve fund, £200,000.
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https://paperspast.natlib.govt.nz/newspapers/NA19120606.2.21.9
Bibliographic details
Northern Advocate, 6 June 1912, Page 5
Word Count
100BANK OF NEW ZEALAND. Northern Advocate, 6 June 1912, Page 5
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