Commercial Intelligence. BANK OF NEW ZEALAND.

Nelson Examiner and New Zealand Chronicle, Volume XXVIII, Issue 38, 12 May 1869, Page 4

Commercial Intelligence. BANK OF NEW ZEALAND.

The Fifteenth Eeport of the Directors of the Bank of New Zealand was presented to the Shareholders, at the half-yearly meeting of the proprietors, held at the Banking-house, Auckland, on Wednesday, the 28th of April, 1869; and ia as follows :—: — In submitting the reault of another half-year's £ s. d. operations, the Directors congratulate the Shareholders on again meeting them with a favourable report. The Net Profit at 31st March, after providing for every bad or doubt- ' iul debt, and making the usual appropriation in reduction of Bank Premises and Furniture account, amounts to 37,258 9 11 To which has to be added—Balance of undivided prolit, at 30th September, 1868 . . . 8,554 16 4 Leaving now available for division . . , 45,813 6 3 Of which the Directors recommend £ a. d. the following appropriation •.—. — To payment of Dividend, at the rate of 10 per cent, per annum . 25,000 0 0 To bonus of ss. per share, equal to 5 per cent, per annum . . 12,500 0 0 To balance carried to Profit and Loss New Account . , . 8,313 6 3 45,813 6 3 The dividend and bonus -will be payable at the Head Office, Auckland, on Thursday, the 29th April, and at branches, on receipt of advice. Por the Board of Directors, Thomas Eusseli-, President. Aggregate Balancis-Sheex of the Bank of New Zealand, At 31st March, 18G9, including London Office Balances at 31st December, 1868.

Peofit and Loss Accoust. Dr. £ s. d. To dividend, at the rate of 10 per cent, per annum 25,000 0 0 To bonus of ss. per share 12,500 0 0 Tobalance.'carriedtoProfltandLossNewAccount 8,313 6 3 £45,813 6 3 Cr. £ s d. By balance of profit at 30lh September Jasfc . 8,654 16 4 By net profit for half-year after writing off bad debts 37,258 9 11 £45,813 6 3 Keseeve Fund. Dr. £ s. d. To balance 160,000 0 0 Cr. £ g. d. By balance from last statement .... 150,000 0 0 Audited {%Ts™™ TSOXi

Dr. £ s. d. Bank stock 500,000 0 0 Reserve fund 150,000 0 0 Notes in circulation 284,147 0 0 Bills in circulation 761,715 14 7 Deposits and other liabilities . . . .1,710,105 0 1 Balance of profit and loss account, at 30tli September, 18G8 8,551 16 4 Net profit for half-year 37,258 9 11 £3,452,081 011

C>\ £ «. d. Coin and cash balances at London Bankers . 419,089 14 2 Bullion on hand and in transitu . . . 253,530 8 0 Government securities 360,500 0 0 Notes mid bills of other banks .... 3,51711 3 Landed property 22,079 19 2 Bank premises, furniture, and stationery . 80,194 16 6 Insurance account 4,237 10 3 Bills receivable, bills discounted, and other debts due to the bank 2,278,332 1 7 £3,452,081 011