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New Zealand Herald, Volume XVI, Issue 5441, 25 April 1879, Page 4

The half-yearly moeting of the shareholders of the Bank of Now Zealand was held yesterday, when the usual report and balance. sheet were presented, and were unanimously adopted. The speech of the chairman (Or. Campbell) ou the occasion, really cover 3 every point of interest to the public, and it will be found fully reported in another column. The balance-sheet indicates a mist favourable state of accounts, and shews that whilst judicious and prudent steps have beentakea to strengthen the coin and cash balances, and the other funds presumedly available at once in case of necessity, there has been to wholesale or imprudent restriction of advnncds. The profits are set d>'-vn as sooh £3080 less fcban the previous haif-3-ear, bn» this is accounted for by the fact that i larger margin has, been left for all possible contiugtueie? 'than ' previously,' and mota Mian may actually be required. Xiie prodU -Hiey a total of £50'240, which has enabled the i directors to pay'a' dividend of 15 per cent. p-T annum upon the piid-up capital of . the J buak,: and to. carry £25,000 to tne re. .serve fuud, .'wMoii n<w stands at £375,000. Id is gfitistacSory to Eeo tliat the contiuenca offche pub'iditi our leading bauking institulibu has bean.sicac}i!y mnratained through the J recent criaia:ia :Lonrlpn, and that the sliaf ee of the ;n - that market have suffered, less deprjcirition than oould reasmably hnye. been:-anticipated. Tne present bal;iuce-sheet will, we- think, tend still futdier to increase uh:it contjtlence.