BANK OF AUCKLAND.

New Zealand Herald, Volume III, Issue 847, 1 August 1866, Page 7

BANK OF AUCKLAND.

The half-yearly general meeting of the shareholders in this Bank was held on Wednesday at Banking-house, Shortland-street, for the purpose of receiving the report of the Directors, Mr. David Nathan in the chair. The Manager (Mr. Johns) having read from tho New Zealand Hebald the notice convening the meeting, and the minutes of the previous half-yearly meeting having been read and confirmed, read the following : — REPORT. The Directors havo now the pleasure to present to tho Shareholders their fourth half-yearly report, accompanied by tho balance Bheet duly certified by the Auditors. From the latter, it will bo seen that tho net profits for the half-year, after writing off the balance of the preliminary expenses, making allowances for bad debts and a reduction in the bank furniture account, amount to £2513 ob. 4d., to which is to be added tho undivided balance from last half-year, amount £13 3s. 9d., making a total of £2526 4s. Id., which tho Diroctorß recommend should be thus appropriated :— £ b. d. To payment of dividend at 10 ty cent 2228 16 7 ~ Increase of reserve fund ... 250 O 0 Leaving a balance to carry forward 47 7 6 The dividend will bo payable on and after tomorrow. The Directors have thought it advisable to convene o special goneral meeting, to bo held at the close of this meeting for the purpose of obtaining the permission of tho sharholders to call up the remainder ot tho capital of the bank—the periods at which the calls will be made being left to the discretion of the Directors. BALANCE SHEET OF THE BANK OF AUCKLAND For the Half-year ended 2Qth June, 1866. Dh. To paid up capital - - - £49204 10 0 BesorvoFund - 1500 0 0 Notes in circulation ... 9401 0 0 Deposits 36734 19 4 Balances due to other bants - 11133 14 9 Balance of Profit and Losb Account, 31st Dec. last - - 13 3 9 Not profit for half-year - - 2513 0 4 £110500 8 2 Ce. By coin - -. - - " £20148 18 3 Government securities - - 275 0 0 Landed property - ... 2170 511 Balances due by other banks - 1325 9 7 Bank furniture, stationery - - 246 8 3 Bills discounted and other debts due to the bank - - - 86336 6 2 £110500 8 2

Profit and Zoss Account. Dn. £ s. d. To Dividend at tho rate of 10 per cpnt. per annum • • - 2228 16 7 Increase of Reserve Fund - - 250 0 0 Balance credited Profit and Loss New Account - - - 47 7 6 £2526 4 1 Cr. t?y Profit unappropriated on Slot, £ e. d. December, 1865 - - - 13 3 9 Net Profit for Half-year ended 30lh Juno, 1566 - - - 2513 ° 4 £2526 4 1

Reserve Fund. Dr. £ B - a - To Balance 0 0 Cn. £ a. d. By Balance J 500 0 0 Amount added this half-year • 250 0 0 51750 O 0 July 18.