THE COLONIAL BANK.
Dunedin, March 16. The Directors of the Colonial Bank in their half-yearly repoit state that the net profit for toe half year, after deducting interest, &c., and charging all expenses of management, rent, fee., and providing for bad and doobtfni debts amount to £16.677 15s, which with the balance of £3976 makes a total of £20,654 4s Sd. From this has to be deducted note and property tax, £2096 Ss4d; leaving available, £18,557 16s 4d. The Directors proposed to pay a dividend of 7 per cent, absorbing £14,000 ; leaving, £4557 16s 4d to be carried forward. The Hon G. McLean and W. Downie Stewart, M.L.C.’s, are the only candidates for the two vacancies on the Board.
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Bibliographic details
New Zealand Mail, Issue 994, 20 March 1891, Page 3 (Supplement)
Word Count
119THE COLONIAL BANK. New Zealand Mail, Issue 994, 20 March 1891, Page 3 (Supplement)
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