Page 6 Advertisements Column 1

New Zealand Herald, Volume LXXIV, Issue 22726, 12 May 1937, Page 6

THE BANK OF AUSTRALASIA (Incorporated by Royal Charter, 1835.) Paid-up Capital ■■■ ••• ••• Reserve Fund (used in the business of the bank) ... - Currency Reserve (used in the business of the bank") ... - Reserve Liability of Proprietors under the Charter ... £4,500,000 2,475,000 2,000,000 4,500,000 • £13,475,000 ONE-HUNDRED-AND-THIRD ANNUAL REPORT OF THE DIRECTORS OF THE BANK OF AUSTRALASIA, - WITH THE ACCOUNTS FOR THE YEAR TO OCTOBER 12 1936, PRFSFNTED TO THE PROPRIETORS AT THE ANNUAL GINIIAL MEETING. HELD ON THURSDAY, APRIL 1, 1937. REPORT The Directors submit to the Proprietors the Bal . an . c ®;. sh . e ®t a s last with the Profit and Loss Account for the year to that date. Aftci pioMdlng for'rebate on bills current, for British, Australian and New Zealand rates and Sch was to 8/- per share less tax, and representing for *he>ear a distrlDution ai xne rate of 8 per cent, less tax. There will remain £193,329/3/4 to be carried t0r The D%ldend e \vlll C be U payable In London, Australia and New Zealand on APn The Directors have to record with much regret the deaths of their esteemed thtßo^d 6e ' V fhe fl AuSttm°Me°srs. Deloitte, Plender, Griffiths, and Co., offer themselves for , ffh rPrior t Branches have been opened in the MelAgency at Grafton, New South Wales, has been converted mto a Chairman. 4 Threadneedle Street, London, March 22, 1937. PROFIT AND LOSS ACCOUNT FROM OCTOBER 15, 1935, TO 7 OCTOBER 12, 1936. _ , Balance brought forward from October, 1935 .. Profit for the year to October 12, 1936, after deducting Rebate (£7 146/2/10) on Bills current at 'Balance daK and after mating a transfer to the credit of Coriti igencies Account, out of which account provision for all an ." Doubtful Debts has been made Less; 1. Charges of Management —Australia and New Zealand — Salaries and allowances at 234 Branches and Agenoies General Expenses London — , „ Salaries and allowances General expenses, including Directors' remuneration 182,266 1,149,446 19 11 518,083 8 108,038 3 23,275 15 675,220 8 7 2. Rates and Taxes — NeW . Zeala ° d HMW 0 2 848,485 8 9 From wbich deduot — Dividend paid October 2, 1936 ... ... Dividend payable April 2, 1937 120,093 15 0 169,804 13 9 300,961 11 2 483,227.12 1 289,898 8 9 Balance carried forward per Balance-sheet 193,329 BALANCE-SHEET, „ LIABILITIES. £ s. ( Circulation c, ? Deposits at Interest .. 3,612,110 3 Current Accounts .. .. 13,003,4'U t> Bills Payable, Drafts in Transit, and other Liabilities, including' provision for contingencies 4,338,964 17 Acceptances Tor Customers, as per contra ... • • 280,943 s 41,788,283 15 OCTOBER 12, 1936. ASSETS. S S. 0 specie, Bullion, GovernB ment Notes and Casti 1 Balances .. .. •• 4,809,8-2 10 British Government Se- . curities 2,113,007 1 Australian and New Zea--6 land Government Securities, and other In- fifiQ .. 1 vestments 7,36a,869 id - Bills Receivable and Re--4 mittances in transit .. 2,598,641 o Advances on Securities, and other Assets .. 33,300,768 0 Liability of Customers for Acceptances as per Contra -80,U4J s Bank Premises and Sites in Australia, New Zealand and London, at Cost, .. less amounts written off 567,315 11 Note. The Australian and New Zealand assets and liabilities are included at the par rates of exchange, and the net difference which would have arisen had they been converted at the rates ruling at the date or the Balance - sheet is covered by Currency Reserves. 280,943 8 567,315 11 £51,126,417 12 5 A. H. BULLOCK, Accountant. £51,126,417 12 E. GODWARD, Manager. AUDITORS' REPORT TO THE PROPRIETORS. We have examined the above Balance-sheet with the books of the Bank in London and with the returns received in London from the Branches in Australia and New Zealand. We have verified the Cash Balances, Bills of Exchange, Invesfaients and Securities held in London. We have obtained all the information and explanations we have required, and, in our opinion, the above Balancesheet Is nronerlv drawn up so as to exhibit a true and correct view of the state of the Baink's affairs, according to the best of our information and the explanations given to. us, and as shown by the books in London and the returns from the Branches. DELOITTE, PLENDER, GRIFFITHS AND CO., Auditors.

London, March 17, 1937. O=OC3-a-£3-E3-E3-£3C3C3C3-aCH3-D-D-E3-O-E>E3-€3£3^jo = OC3-a-£3-E3-E3-£3C3C3C3-aCH3-D-D-E3-O-E>E3-€3£3^j K Steady Growth fi 5 Reflects Confidence S g of the Public S n "T"HE New Zealand Insurance Company □ r+j Limited has acted as Executor and □ I Trustee in the estates of Farmers, n Jjj Storekeepers, Brokers, Property Owners, $ □ / Merchants, Lawyers, and of men and T □ women of almost every vocation in the jr n ' community, and each Estate, whether 1? large or small, receives the same close □ x and personal attention. Appoint the New n M Zealand Insurance Company Limited £ u your Executor and Trustee. pj jjj The management and officers of the X □ Company are always ready to answer x n , inquiries whether in person or by mail. U NEW ZEALAND INSURANCE COMPANY LIMITED TRUST DEPARTMENT Empowered by Special Act of Parliament to act as TRUSTEE - EXECUTOR - AGENT - ATTORNEY Head Office: AUCKLAND OO^C3HEZ3-0-C3C3<3<3<3<3-OCHZHZHZHZ3-E3C3-E3-E3-EjhQ CHEMISTS BOOKS AND PUBLICATIONS