Page 8 Advertisements Column 1

New Zealand Herald, Volume LXXVI, Issue 23356, 26 May 1939, Page 8

SHIPPING - TTNION STEAII SHIP COMPANY OF lU N.Z., LTD. 'Phone 47-430 (8 lines). Sailings (Circumstances Permitting; FOR SYDNEY: (With Through Booking to Melbourne and other Australian Ports). i FROM AUCKLAND: ■ lAorangl Tuesday, May 30, InMnW** Ktca Tuesday. June 6. 5 p.m. FROM WELLINGTON: isi: $ 'r Indosivs T„„„ I. Australia A.r.nsnl. FOR LYTTELTON FROM ™ 7 N 4 G s r Jy, UFOR PICTON FROM WELLINGTON tTamahine 5, midnight NUKUALOFA fI'ONGA). APIA. (SAMOA). SUVA (FIJI): Matna (from Auck.) 2 * )ura-t RAROTONGA AND OU T. h f.f s LA j U nf'ls Matua (from Auck.) Ihurs.. JUU TO CALCUTTA. SINGAPORE. SAMARANG: NARBADA (Pansengers and Cargo) trom Auckland, September, Januao. Maj. Comfortable Accommodation r fo^ TrTo ber of passengers, special Fare for Round 1 p Cargo Senices GISBOHNE: MargaretW Tuesday, May 30. 3 p.m. "WELLINGTON. PICTON lA'TTELTON. DUNEDIN, OAMARU. TIMARU: Waipiata Friday. May -2b, 5 p.m. No cargo received after noon. CANADA—UNITED STATES—EUROPE, ' Through Bookings by CANADIAN AUSTRALASIAN LINE Passengers in Three Clnsses. 3 Sailings from Auckland to Suva (Fiji), Honolulu, Victoria (8.C.). Vancouver. NIAGARA June 13 MONOWAI July It IAORANGI Aug. 8 NIAGARA Sept. o AORANGI Oct. 3 NIAGARA Oct. 31 (11 a.m.) / And Font-weekly Thereafter. CANADIAN AND U.S.A. RAIL TRAVEL. Itineraries, cost ol! tours and all information supplied. Rail and Hotel Reservations Arranged. HAWAIIAN INCLUSIVE TOURS, Combined with Excursion Steamer Fares. ■AROUND-THE-WORLD TOURS. MAIN OFFICE : 32-3S Quay Street East. CITY PASSENGER OFFICE: 107 'Queen Street. Phone 47-566. Passenger Offices: Grand Bldgs.. Rotorua. Jg L U E T A R I N E. FAST SERVICE TO LONDON. Spacious, Comfortably - appointed State Rooms available in each vessel for a limited number of Passengers. S.S. NAPIER STAR sails June 21 M.V. EMPIRE STAR Jul.V 10 M.V. NEW ZEALAND STAR „ Aug. 20 M.V. MELBOURNE STAR „ Oct. 14 •Via Panama Canal. Dates, Ports and .'Routes subject to Alteration Without Notice. BLUE STAR LINE (N.Z.), LTD., 53 Fort Street. Auckland, P.O. Box 17.

THE BANK OF AUSTRALASIA ■ „ t nu.4.. .18^ (Incorporated by Royal Charter in 1835) Paid-up Capital .... •••• •••• ... Reserve Fund (used in the business of the Bank) .... Currencv 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 [losth ANNUAL REPORT OF THE DIRECTORS OF THE BANK QF AUSTRALASIA _ ' m H p ArrnilVTS FOR THE YEAR TO OCTOBER 10, 1938, PRESENTED TO THE PROPRIETORS HELP x . REPORT The Directors submit to the Proprietors the Balance-sheet as at October 10 last, iv, oPrnfif;! nri Loss Account for the year to that date. After provid ng for and^maSiSg 11 ofcSntiSgeSs aS "out "?f S account provision for all bad and doubtful debts has been made, the net profit NftbTCi"io U be ed acWef brought forward from the previous vpJS accouuf n ak ng a to al of £515,879/9/7. From this, £126,000 was paid as an oii Senternber 30 last, and the Directors have now appropriated rt further sum of £162 000 to pay a Final Dividend of 4/6 per share, less income a further sum oi . j n n j| £288.000. equal to 8/- per share, less tax. and representing for the year a distribution at the rate of 8 per cent, less tax. There win/remain £227 879/9/7 to be carried forward to the next account. The Dividend'will be payable in London, Australia, and New Zealand Ma Thp 3 Director<! retiring by rotation are:—C. G. Hamilton, Esq.; A. Whitworth, Fsci 4 and J F G GilUat Esq., who, being eligible, offer themselves for re-election The (Messrs. Deloitte, Plender, Griffiths, & Co.) offer themselves fOr Bv e reas C in o o'f the numerous alterations and modifications of the Original Charter bv the Supplemental Charters, and of the. earlier Supplemental Charters effected bV the i later Supplemental Charters, and the great number of such Charters the Court of Directors have come to the conclusion that it would be advisable to liave a new Charter incorporating the numerous alterations and modfflcations of the original Charter, and, in addition to include certain amendments^to meet modern requirements, and an Extraordinary General Meeting has been'called, at vehich the Proprietors will be asked to authorise a petition to His M3 At the Resofulion'will be proposed to effect certain alterations In the By-laws ol the Corporation, as referred to in the notice of the Extraordinary Gen Si r dft.i of the last Report,"a Branch has been opened at 154 Swanston Street Melbourne; the Branch at Canberra, Australian Capital Territory, has been reopened; and the business of the two Branches at Fremantle. Western Australia, has been consolidated in new premises at 93 High Street, Fremantle. , • D. F. ANDERSON, Chairman. 4 Threadneedle Street, London, March 20, 1939. PROFIT AND LOSS ACCOUNT FROM OCTOBER 12, 1937, TO OCTOBER 10, 1938. Balance brought forward from October, 1937 .... •••• Profit for the year to October 10, '1938, after deducting Rebate (£B3OB/13/11) on Bills current at Balance date, and after making a transfer- to the credit of Contingencies Account, out of which account provision for' all bad and doubtful debts has been made .... Ldss: i. Charges of ManagementAustralia and New Zealand — Salaries and allowances at 249 ■ Branches S:nd Agencies General Expanses London — Salaries and allowances General expenses, including Directors' remuneration 205,829 18 10 1,403,991 12 570,463 13 124,922 12 26,780 16 , 744,207 6 8 2. Rates and Taxes— Australia, New Zealand and London ~ , MM •••• v 49,70 i lo u From which deduct: Dividend paid September 30, 1938.... Dividend payable March 31, 1939 .... 1,093,942 1 8 126.000 0 0 162,000 0 0 310,049 10 9 515,879 9 7 288,000 0 0 Balance carried forward! per Balance-sheet .... £227,879 9 7 BALANCE-SHEET, OCTOBER 10, 1938. Circulation .... »••• Deposits at. Interest Current Accounts Bills 'payable, cjrafls in transit, and other liabilities, including provision ' for contingencies Acceptances for customers as per contra LIABILITIES £ s. Brest ts .... .... 14,989,103 3 ASSETS. 5,568,657 8 301,201 12 45,436,343 16 Capital: 900.000 £ s. d. shares of £5 K?d\ '"I'! 4.500.000 0 0 f (There is under the Charter a re-, serve liability of the Proprietors of £5 per share.) Reserve Fund (used in the business of the Bank').. . 2,475,000 0 0 Currency Reserve (used In the business of the Bank). 2,000,000 0 0 Dividend payable March 31, 1939 .... 162,000 0 0 profit and Loss Account Balance' .... 227,879 9 7 £54,801,223 0 Specie, bullion, Gov:3 ernment, notes, and 9 cash balances .... 5,378,808 9 4 British Government securities .... 2,113,057 1 4 Australian and New 7 Zealand Government securities and 0 other investments 6,548,582 2 3 Bills receivable and 7 remittances in transit 2,673,088 10 8 Advances on securities and other assets .... —. 37,047,136 17 10 Liability of customers for acceptances as per contra .... - .... 301,201 12 0 Bank premises and sites in Australia, N.Z. and London, at, cost, less am- „ „ ounts written off 739,348 12 9 Note. —The Australian and New Zealand assets and liabilities are included at the par rates ' of exchange, and the net difference which would have iriscn had they been converted at the rales ruling at the dale of the Balancesheet is covered by 7 Currency Reserves. 2 £54,801,223 6 2 G. C. COWAN, Manager. 2,673,088 10 8 301,201 12 0 739,348 12 • A. H, BULLOCK, Accountant. „ r , AUDITORS' REPORT TO THE PROPRIETORS. <We have examined the above Balance-sheet with the books of the Bank in London and with [he Returns received in London from the Branches in Australia and New Zealand. We have verified the Cash Balances, Bills of Exchange, Investments, and Securities held in London. We have obtained all the information and explanations'we have required and, in our opinion, the above Balance-sheet is properly drawn up so as to exhibit a true and correct view of the state of the Banks 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 15, 1939.