Page 4 Advertisements Column 3

Otago Daily Times, Issue 1119, 22 July 1865, Page 4

THE Annexed Balance Sheet contains the Audited Accounts of the Bank for the half yf ar, from the 15'h November, 1864. to the 15'h M«y. 1835, and exhibits a neit profit of L3J32 147], -which the Directors pfoposa to appropriate as follow*:— £ s. d. To payment of a dividend at the rate of 10 per cent per annum fortliep«at six months 2705 17 2 To usual proportion of preliminary rx P"""es •• .•••• 270 i ° To write off lease and fumt>are hepdoffico 28 4 0 To carry foi ward 467 9 5 £3"32 14 7 Since the last Meeting of Shareholders, the Colonial Act has been obtained, empowering the Rank to issue its own notes, and placing it on thesame fiolinr as other Banks Incorporated by Colonial Charter, tlie Title being altered to the more distinctive name cf » THE C>MMB«OI4L BANK op NEW ZRALANO (LIMIT. D>" The Act of Incorporation has not yet come to i-*nd, but es foon as it Is receiver it will be placed before the With a view to protec.\'mg the intfrests rtf the ytiareholderv lh« Directo-s hive to ie:x>rt that a ) o^ftl doard has been fuimed at Dunediu, consisting of— His HojtorJ. Hyde Harris. Jjupeiun TKHDKNT OF ' TAO 5, AND W. H. REYNOLDS, HQ., M G.A , AKD M.P.C., nnd the Directors have t*j a^k the shareholders to conWrm their nomination. In accordance with the sojicestions of various Shareholders, the Directors have fnr.her torepo t that the colonial accounts lave been duly examined and sijnei by the C ffic'ml Accountant at Dunedin, Mr Hugh ttoss Steavensosj. Tbn Ba»ine=s of the Bank continues to prosper under the able Management of Mr John Bfid Mackenzie, the General Manager at Puncdin. During? the past six month?, aa Aeents for the Danedin Gas Company, the isa>.k has been successful in placing that Co'upany's Debentures on fav> rable terms; and, notwithstanding the he«vy failures thut h tve taken place in New Z°a'an<l, oi.lv one bad deht ha* been incurred, which partakes more of the character of a fraud, than a trading loss, amounting to L7OO, which has been debited to profit and losa. The local management has op?ncd an Agency at the Gold Field of Waipori, which had only been in operation a fortnight when the last mail left, nnd which the Manager writfS is distint 40 miles from Dunedin, and is a rising and prosperouii Town-hip. In pursuance of the Articles of Association, the Auditors of the Bank— Messrs /ohnstone. Cooper, WintJe, and Rvan*, and Mr (J. H. Ladbury—retire, but, being eligib'e, offer themselves for ro- election. By order of tbe Board, PEECIVAL RKBD, Secretary. THB NSW ZRAi.AtfD -BANKINGCORPORATION (limited). BALANCE SHEET, 15tH MAT, 1865. To Capital— £ s. d. £ s. d. GO/IQO Share* at £10 600 000 0 0 Paid-up £1 on 40,000 Shares, lßtissuft . .. 40,000 0 0 Dilto. £1 on 20 000 (Shares, 2nd issue.... 15,199 0 0 55,490 0 0 Amount paid in advance of Calls 1.800 0 0 57,290 0 0 Zc«s in arrear.. 18 15 0 57,271 5 0 To Amount due for Notes issued by the Bank. Letters of Cre'iit. Customers' Balances, Depotit and otber Accounts, Acceptances and other Liabilities ... IGI 907 5 3 To Keserve Fund 4 OUO 0 0 To Bank Premises Bedemptlon Fund, i'unedin 300 0 0 ToProfitani Los-— Balance from last half-year, 15th November, 1864 714 14 8 To Amount for the half-year, enilfrt 15th May, 1865 7,433 211 J> 8,147 17 7 £231 628 7 10 By Caßb. in hand and at Call at "Hend Office. Dunedin Bnd Waipori Br.ncbes 12,481 II 6 By Bills Keceivable, Bills Discounted, Loans to Customers, and other Securities 201,009 13 1 By Preliminary ExpFn'eß — London £3 000 0 0 NewZsaiand.. 1770 4 0 4,770 4 0 By Bank Premise?, Furniture, &c, Dunedin and Head 'iffice 5,749 16 3 IBy Current Expenses, inoiudiog Salaries, Directorsand Auditors Fees, Rent, Stationery, Advertising, and Miscellaneous expenses, at Head Office and New Zealand 4 615 3 0 £231,626 7 10 profit akd loss, from 15th novbmbkr, 1864, to 15th mat, 1865. £ s. d. To Current Expenses, as above... 4 615 3 0 To Balance down 3,53 il4 7 £8,147 17 7 i - By Balance from la«t Account, "15th November, 1864 .. 714 14 8 By Gross Profit (after making provision for bad and doubtful debts), including- Interest, Com7,433 2 11 £8,147 17 7 By Balance -brought down... £3,532 14 7 #y Order of the Board. J. HUTCHIN3ON, Chief Accountant. We have examined the London Books and Vouchers and the Statements received from the Dunedin Branch, certified by the Colonial Auditor, and find the above Balance Bheet and Profit and Loss Account based thereon are corre«tly, stated. We have also satisfied ourselves I cf the existence of the London Cash Balances, Bills Receivable, and other securities. JOHNSTONS, COOPKB,) iWINTLK and EVANS,}- Auditors. G. H. LAnBOBY) London, 25th May, 1665.

SALE BY AUCTION OF