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New Zealand Herald, Volume XXI, Issue 7002, 26 April 1884, Page 5

Aicid many complaints of the prevailing dnlnesa of trade and general stagnation, it is refreshing to turn to the account of the proceedings at the half-yearly general meeting of the Bank of New Zealand, "-"" which was held yesterday, at which were voted for distribution among shareholders, being half-yearly dividend of this institution ; and over and above - this amount, the balance of available profit carried forward to next half-year is .£13,405. Such a result, in such times, must be considered satisfactory, and while it is a subject of congratulation to shareholders, credit must also be given to the directors and others responsible for the conduct of the institution. The career of the BaDk has been a long, continued success, and, from the figures put before shareholders yesterday, there would not appear to be any reasonable ground for apprehending a different result in the future. From the reasons assigned by the Chairman, any depression now existing is wholly-due to special causes which are not likely long to affect us. Seasons have been prices have been low, imported goods',are 'still much too heavy in stock : these, although at present serious drawbacks to business, cannot be regarded as likely to ba continuous, and the concluding paragraph of the Chairman's speech seems to comprise all that needs to be said on the subject—that caution is necessary, that it is being exercised, but that, notwithstanding, a liberal support is being accorded to every deserving industry. Banking policy on such lines must-be right, and we have no doubt the future of the Bank of New Zealand will prove not only that the best interests of the*colony were consulted in its adoption, but that the support of the public will amply provo to the Bank the appreciation in which such wise and liberal policy is held.