BANK OF NEW ZEALAND.

Northern Advocate, 18 June 1920, Page 2

BANK OF NEW ZEALAND.

LIABILITIES. Capital— £ 3 - d * 4% Guaranteed Stool. ... 529,988 10 6 "A" Preference Shares, fully paid, issued to the New „_„„ A „ Zealand Government ... 500,000 0 8 "H" Preference Shares, fully paid, issued to the New „_„_„„ . „ Zealand Government ... 250,000 0 0 Ordinary Shares, 150,000 at £0:13:4 — £1,000,000— paid up to £3 :6:8 per Share ... 500,000 0 0 Call of £3:6:8 per share payable Ist April, 1920— Amount paid in advancs ... 347,453 c 8 New Ordinary Shares, 75,000 ,„„. . . at £6 :13 :4. fully paid ... 500,000 0 0 2,627,441 17 2 Reserve Fund 2,350,000 o 0 Notes in Circulation 5,765,337 10 0 Deposits 37,601,610 15 6 Bills Payable and other Liabilities (including provision for doubtful debts and for depreciation in Investment Securities, -also contingencies) 3,708,805 Oil Reserve for Taxes ... •» 340,000 0 0 Balance of Profit and Low ... 460,270 2 3 PBOFIT AN Dividend at the rate of i % on £500,000 "A" Preference Shares issued to the Hew Zealand Government in terms of the "Bank of ~.„- „ ft New Zealand Act, 1903- ... £20,000 0 0 Dividend at the rate of 6% on £250,000 "B" Preference Shares issued to the New Zealand Government in terms of the " Bank of New . Zealand Act, 1913" 15,000 0 0 Bonus at the rate of 3 % on *-B" Preference Shares ... 7,500 v « Dividend at the rate of 0% on - Ordinary Share capital ... 60,000 o « Bonus at the rate of 3% on „ nnnn n n Ordinary Share Capital ... 30,000 O o Amount transferred to Re- , cftnnft - n serve Fund 150,000 0 0 Balance carried down 146 2 24. . £428,72 4 5 8 Twelve months' Interest on Guaranteed Stock 21,199 10 10 Amount written off Bank Premises and Furniture 50,000 0 0 Interim Dividend paid 13th December, 1919 — 6% on "A" Preference Shares, i1f.00,009 30,000 0 0 6% on "B" Preference Shares £250,000 15,000 9 0 6% on Ordinary Shares. _1,000,000 60,000 0 0 105,000 0 0 Balance, being Net Profit, for year 16 6 Amount brought forward from last year ... 140,224 6 9 665,270 2 3 Less Interim Dividend paid aa above ... 106,000 0 0 _J 460 270 2 3 £636,469 13 1 ItESEBVJ —— ~£ 3. a. Balance 2,600,000 0 0 £2,600,000 0 0' KICHD, If. OI&Bfe Chief Aodite m^ wmawmmmmHm

BAL&NOB SHEET at 3ist MARCH, 1920.

ASSETS. £ 3, r|. & 3. d Coin and Cash Balances at Bankers 8.371,536 11 o Government Notes — Commonwealth, Fijian, and Samoan Administration... m,tu 0 Notes of Other Banks (Legal Tender.) 56,370 0 0 Bullion on hand and in transit 46,663 t .> Money at Call and Short Notice, Government Securities and other Securities in London ... 16,622,410 IB 1 Bills Receivable in London and in transit 661,230 19 11 20,283,641 15 v Investments in the DominionNew Zealand Government Securities ...3,497,65310 0 Municipal Seourities -32W10_10_0_ 382478 . . . Commonwealth and Fijian A Government Securities ... 289,316 v Bill. Discounted 1-602,233 9 10 Other Advances & Securities ft , and Debts due to the Bank... 0 11 Landed Property, Premises, etc. _-_,_-» o « £52,912,966 5 10 <■• _____________— — ri> LOgS. Balance Slat March, 1919 - £4*8,724 s'. £428,724 5 S Balance brought down ... 146,224 6 9 Profits lor year ended 31st March, 1920, including recov-. cries, and after payment of and provision for, all interest due and accrued on deposits. provision for bad and doubtful debts, and other contingencies, for the annual donation to the Provident Fund, and for a special grant thereto also for Bonus to Staff 1,876,838 6 7 Less— v Salaries anjl All ow a nces at Head Office and 212 Branch c s an d Agencies £808,361 16 8 Directors, remuneration including London Board £4,850 0 0 General Expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises. " £114,39. S 6 Audit Expenses Account £2,700 1 8 Bates & taxes £456,483 17 8 886,59*2 19 S ,„„,.„, ! 490,246 7 4 _656,469 13 1 E FUND.» — " ' 1 _~71 Balance per last Statement 2,350,000 0 ( Amount to be added from Profits for year ended 31st March, 1920 160,000 0 ' £2,600,000 0 0 a_-_-_-B__ss_; H. BUCKLETON, General Manager. a. MCLENNAN, Accountant.