NATIONAL BANK OF N.Z.

Northern Advocate, 14 July 1933, Page 4

NATIONAL BANK OF N.Z.

DIVIDEND FOR YEAH. The general manager of the National Bank of New Zealand Limited announces’payment, on July 15, of a final dividend at the rate of 4 per cent, per annum, free of tax, for the half-year ended March 31 last. As an interim dividend at the rate of 4 per cent, free of tax, was paid in January last, the total dividend for the year .is 4 per cent., which, with the exchange added, will give the shareholder in New Zealand a return of £4 12/11 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), £2,000,000; reserve liability of shareholders, £6,000,000; total, £10,000,000. In addition there are undivided profits carried forward of £114,742. In the balance sheet liquid assets stand at £0,367,000, which are equivalent to 58 per cent., or 11/7 in the pound of total liabilities to the public, and for every £1 of its own funds the bank is holding only £3 18/1 of the public’s money, which is an exceptionally strong position.