BANK OF NEW ZEALAND.

New Zealand Herald, Volume XLV, Issue 13778, 17 June 1908, Page 6

BANK OF NEW ZEALAND.

I ♦— The balance-sheet of the Bank >>( j New "Zealand, showing a balance of j profit, for the year ending March 31, ! of £309, after providing for interest on guaranteed stock and .the ! customary reductions, is more than gratifying to all who.are interested in the fortunes of this colonial insolation. For it shows that the hank is fully rehabilitated and firmly 1 eestablished, and that the period of storm and stress through which it was successfully brought is being followed by well-deserved prosperity, Hut apart from'the Bank of New Zealand itself, this evidence of the sound business being done by our banking institutions generally is extremely satisfactory, for it would

confirm, were ■ confirmation wanted, the universal consensus of opinion as to the commercial prosperity anil financial soundness of the dominion Banks are the most reliable barometers of commercial and industrial vitality. When they do well, business is good : and when they do badly, trade is dull and depressed. Not only this, but commerce and industry depend largely upon the banks for support and protection in those legitimate financial operations which cannot be avoided in.complex civilisation. So that carefully and soundly-managed banks not only share in general prosperity, but foster it and help to maintain it.