BANK OF NEW ZEALAND.

New Zealand Herald, Volume LIV, Issue 16561, 9 June 1917, Page 6

BANK OF NEW ZEALAND.

ANNUAL BALANCE.SHEET.

PROFITS FOR YEAR £365,489.

4 AND 6 PER CENT. DIVIDENDS.

[BY TELEGRAPII.— PRESS ASSOCIATION.]

WELLINGTON. Friday The report of the directors of. the Bank of New Zealand for the year ended Margb 51 states that tho net profit amounted to £365,489 plus £56,464 brought forward, making a total of £421,954. The interim dividends paid absorbed £105,000. The directors propose to pay a further dividend of four per cent, on A preference shares, a six per cent, dividend on B preference shares, and a six per cent, dividend on ordinary shares; also a bonus of three per cent. The sum of £72,858 is added to the reserve, which now stands at £2,155,000. Tho sum of £111,595 is carried forward. The balance is — Liabilities: Capital and share liabilities, £2,279,988; reserve, £2,062,141; note circulation, £2,560,325; deposits, £29,052,790; other liabilities, £2.007,968 balance of profit and loss, £316,954. Assets : Coin and cash at the bankers, £5.914.979: notes, £611.066; bullion, £119,562; money at call, Government and other securities, £11,476,000; bills receivable in London, £672,147; investments in New Zealand, comprising Government securities, £2.905,413; municipal securities, £383.698; bills discounted, £1.256,721; advances, £14,489,763; nropertv, £450,812 Total assets, £38,280,167.