Page 4 Advertisements Column 4

New Zealand Herald, Volume XXVIII, Issue 8726, 17 November 1891, Page 4

-EIGHTY-SECOND REPORT OF THE DIRECTORS OF THE BANK OF NEW til SOUTH WALES TO THE HALF-YEARLY GENERAL. OF THE PROPRIETORS, HELD AT THE CHIEF BANKING-HOUSE, ON FRIDAY, THE 30TII DAY OF OCTOBER, 1891. ' ' ' , The Dirocfcota n«ve toe pleasure to submit to the Proprietors a Statement of the Assets and Llabilities of the Bank on the SOtli September last, with the Auditors' Report and Declaration. The net profits for the half-year, after deducting rebate on current bills, interest on deposits, paying note and other taxes in the colonies, reducing valuation of Bank premises, providing for bad and doubtful debts, and including recoveries from debta previously written oft as bad, amount to m i. m .. £119,038 8 i To which is to be added— Undivided balance from lost half-year.. ~ .. » .. ~ ». ». 8,920 l 5 Giving for distribution .. .. .. * ...... £127,959 9 9 Which the Directors recommend to bo appropriated as follows : To payment of dividend at the rate or 15 per cent, per annum.. £1)3,750 0 0 „ Bonus at the rate of 2§ p«r cent, per annum 1fi,«25 0 0 „ Augmentation of the reserve fund .. , 10,0()0 0 0 „ Balance carried to "profit and loss," now account ... .. >. 8,584 9 9 —— £127,959 9 0 With the above appropriation the reserve fund will amount to £980,000. ~~ """" During the past half-year branches of the Bank have been opened at Ashfleld and Newcastle West, In this colony. It will be the duty of this meeting to elect a Director in the room of Charles Smith, Esq., who retires by rotation, but is eligible for re-election, and has given the requisite notice that he is a candidate. Auditors will also have to be elected in the room of J. S. Harrison and G. M. Men vale, Ksqs., who now retire, the latter being eligible for re-election. The Dmdond will be payable at the hoad office to-morrow, and at the branches on receipt of advice. For and on behalf of the Board of Directors, THOMAS BUCKLAND, President. AGGREGATE BALANCE-SHEET OF THE BANK OF NEW SOUTH WALES, SEPT. 30, 1891 (Including London Branch to 30th Juno, 1891, and New Zealand Branches to 7th September, 1891). Dr. £ s. d. Cr. £ p. d. To Proprietors' Capital — 62,500 By coin and cash balances .. 3,448,444 17 0 shares, £20 each, fully paid up 1,250,000 0 0 ~ Bullion .. .. .. 62,031 3 0 „ Reserve fund .. .. .. 970,000 0 0 ~ Government securities.. .. CCS, 300 14 5 , „ Notes in circulation .. « 850,711 0 0 „ Notes of other banks .. .. 10,328 0 0 „ Bills payable .. .. .. 1,709,422 0 8 „ Bank premises.. .. .. 500,881 0 5 „ Deposits and other liabilities .. 18,800,087 0 2 „ Bills receivable, bills discounted, „ Profit and loss.. _ ... 148,817 1 7 and other debts due to the Bank .. .. .. 18,770,272 12 0 „ Insurance account .. .. 273 1 7 £23,529,037 13 5 £23,529,037 13 5 DR. PROFIT AND LOSS, SEPTEMBER 30, 1891. Cr. 1891. £ S. d. 1891. £ sa. Sept. 30. To rebate fat current rates! Mar. 31. By amount from last aeon billsdiscounted not/ count .. .. s 920 1 5 duo at this date .. 20,857 11 10 Sept. 30. „ Balance. of half-year's ' „ Dividend at the rate of profits after providing 16 percent, per annum 93,750 0 0 for bad and doubtful „ Bonus at the rate of 2| debts, and including per cent, per annum.. 15,625 0 0 recoveries from debts »Augmentation of the previously written off reserve fund .. 10,000 0 0 as bad „ .. 139,391 0 2 „ Balanco carried to ' "profit and loss," new account „ ~ 8,584 9 9 £148,817 17 £148,517 1 7 DR. RESERVE FUND, SEPTEMBER 30, 1891. **" CR. _ 1891. £ a. d. ISOI. £ B a Sept. 30. To balance M «. 980,000 0 0 Mar. 31. By balance .. .. 970 000 0 0 Sept. 30, „ Amount from profit and ' loss.. .. .. 10,000 0 0 £Q'o,ooo 0 0 £680,000 0 0 Audited, 29th October, 1891. j, s. HARRISON 1 G. M. MERIVALE,) Auditors - AUDITORS' REPORT. _ „ w ? J' ftVO examined the annexed Balance-sheet, made up to the 30th September, 1891, and report that wo find the several items therein stated to conform to the balances in the general ledger, and the Balancesheets of the respective branches and agencies of the Bank collectively 00 «° ll: \ v .a? oU '] to t , he cash and tho Bills and other securities held by the Bank at the Head Office, in Sydney, 011 the 30th September last, and hereby certify that we have found them correct. 1 '£ he .1 as > » m ?,' and securities 1 ? el(l '? fc the branches and agencies in New South Wales, Victoria and South Australia, on the 30th September, in New Zealand and Western Australia on the 7th Sentem' ber, in Queensland on the customary dates, and at London on the 30th Juna last, have been certilled to as being correct by tho usual documents. 148 Ban « o ?, f Now , SoUt ,,J alo3 ' .T. S. HARRISON, > A ... 29th October, ISDI. O. M. MKRIVALB, Auditors*

•^Y" e BEG TO INTIMATE TO OUR CUSTOMERS AND TIIE PUBLIC THAT WE ARE NOW OPENING.UP ■\TEW REASON'S QTO C K JMEW .REASON'S ©TOOK inALL DEPARTMENTS, JUST TO nAND, EX S.S. PAKEHA AND OTHER LATE ARRIVALS. NEW DRESS MATERIALS. PRINTS J MUSLINS, DELAINES, &c., IN VERY GREAT VARIETY, THE LATEST NOVELTIES IN MILLINERY I RIBBONS ! HATS ! BONNETS ! SUN HATS, &c., &c., &0. USHBROOK, jgNEDDEN, & 00., DRAPERS and CLOTHIERS, 104 CANADA BUILDINGS, 106

QUEEN-STREET, AUCKLAND. JJIURNITURE 00. AWARDED FIRST PRIZE DUNEDIN EXHIBITION. CARPETS. LINOLEUMS. CORK CARPET. JAPANESE MATTING. IRON BEDSTEADS. OUR STOCK OF ABOVE IS VERY LARGE. ARRIVALS BY EVERY DIRECT STEAMER AND SAILING VESSEL. OF LATEST AND NEWEST DESIGNS. ALSO, TAPESTRIES,. PLUSHES, VELVETS, CRETONNES, SATEENS, AND ALL OTHER FURNISHING REQUISITES. SUITES IN TAPESTRY I SUITES IN VELVET 1 SUITES IN LEATHER SUITES IN CRETONNE J

I ' 1 As we have the most complete Manufacturing Plant in the colony, and employ none but experienced Workmen, wo guarantee to give satisfaction to all our customers. WIRE-WOVEN MATTRESSES ! We have recently imported the most approved Wire weaving Machinery, and are now manufacturing Wire-woven Mattresses of the beat description in the market. INSPECTION INVITED. JJHJRNITURE £<0., WELLESLEY-STREET EAST (Opposite Free Public Library). TIIOS. TICHBON, Manager. "pi RATER jg R o S., STOCK AND SHARKUROKERS, No. 3, Stock Exchange, AND . ■ 07, QUEEN-STREET, AUCKLAND. ALSO AX . ALBERT-STREET, THAMES. Share Investors' Guide forwarded oil application.