BANK OF NEW ZEALAND.

New Zealand Times, Volume XLII, Issue 9694, 23 June 1917, Page 6

BANK OF NEW ZEALAND.

BALANCE SHEET at Slat MARCH, 1917. LIABILITIES. CAPITAL™ - s. d. 4% Guaranteed Stock - 529.983 10 6 “A” Preference Shares, fully paid, issued to the New . . Zealand Government ... W0.0TO u u “jj” Preference) Shares, fully paid, issued to the New 0 Zealand Government ... -'uO.OOO 0 0 Ordinary Shares, 11.0,000 at Paid up to ifi : 6 : S per Share 500,000 0 0 500,000 n o 2,270,083 10 6 Reserve Fund 2,002,111 7 3 Notes in Circulation 3,660,325 0 0 Deposits 29,053,700 11 11 Bills Payable and other Liabilities (including provision for doubtful debts and for depreciation in Investment Securities! ... 2 7 Balance of Profit and Loss ... 316,051 6 1 ASSETS. £ ». d. £ s. d* Coin and Cash Balances at Bankers 5.014,0.0 3 4 Government Notes—Commonwealth, Fijian, and Samoan Administration... 159,331 0 0 Notes of Other Banks (JLcg.il Tender.) 451.735 0 0 Bullion on hand and la transit 110,562 19 10 Money at Call and Short Notice. Government Securities and other Securities in London ... 11,476,003 16 1 Bills Receivable in London and in transit 672,147 3 7 12,148.140 18 8 Investments in the DominionNew Zealand Government Securities ... 2,005,413 10.0 Municipal Securities ... 353,603 6 5 . — 3 230,111 16 6 Bills Discounted 1,256,721 7 0 Other Advances & Securities and Debts due to the Bank... 14,480,763 13 4 Lauded Property, Premises, etc, 450,812 13 0 £38,280.167 18_4 £38,280,167 13 4 PROFIT AND LOSS. Dividend on— „ M A” Preference Shares ... 0 0 “B” Preference Shares ... io,000 0 0 Bonus on “B” Preference Shares <.500 0 0 Dividend on Ordinary Shares JWJ *> ® Bonus on Ordinary Shares — ~J,bOl 10 o Amount transferred to Eeserve Fund •»» ••• 50,000 0 0 Balance carried down 56,464 6 11 £238,674 6 5 Balance 31st March, 1B1G .. £233,671 S S £238,674 6 B Twelve months’ Interest on Guaranteed Stock 21,141 9 6 Amount written off Bank Premises and Furniture ... — .>0,000 0 0 Interim Dividend paid. 9tb December, 1916 —• 6% on “A" Preference Hha re?, 30,000 0 0 6% on "D” Pre- . ference Shares, 15,000 0 0 6% on Ordinary Shares, ... 60,000 0 0 ’ 105,000 0 0 Balance, being Met Profit for year ... ••• 366,489 19 2 Amount brought forward from last year ... 56,464 6 ix 421,054 6 X Less Interim Dividend paid as above ••• 105,000 0 0 316.054 6 1 Balance brought down ... 56,464 6 11 Profits for year ended 31st March, 1017, including recoveries, and after payment of and provision for, all interest due and accrued on deposits, provision for bad and doubtful debts, for the anneal donation to the Provident Fund, and for a special grant thereto, also for Bonus to Staff, 964,911 3 7 Less— Salaries and Allowances £248,515 7 3 Directors’ remuneration £4,250 0 0 G eneral Kxponses £74,735 1 B Audit Expenses £2,727 7 0 Rates & taxes £108,051 19 4 628,279 14 11 430,631 8 8 £493,095 15 7 £493,095 15 7 RESERVE FUND. — £ s. d. Balance ... 2,135,000 0 0 £ s. d. Balance per last Statement 2,062,141 7 3 Amount to he added from Ptoflts for year ended 31st March, 1917 ... ... ... 72,868 12 9 I £2,135,000 0 0 £2,135,000 0 0 B. 1L LITCHFIELD, W, CALLENDER General Manager. Chief Auditor. A. MCLENNAN, Accountant.