Page 2 Advertisements Column 1

Otago Daily Times, Issue 6307, 29 April 1882, Page 2

funeral Botioea. FUNERAL NOTICE. THE Frionds ~0l Mr ARTHUR 4V. are' respectfully Invited to attend the Funeral of his lato DAUGHTER, FLORKNCE, winch will leave his Residence, York placo, for the Southern Cemetery, THIS IiAY (Saturday), the 29th inst., at 3 p.m. HUGH GOURLEY, Undertaker, Clarke and Maclaggan streets. Special Advertisements BANK OF NEW ZEALAND. HALF-YEARLY MEETING. The Half-yearly General Meeting- of Shareholders was held at the Baiiking-house, Queen street, Auckland, on Thursday, 20th inst., at noon; the Hon. James Williamson in the chair. Tho Oeneral Manager (Mr D. L. Murdoch) read the advertisement calling the meeting, also the minutes of the last half-yearly general meeting, and tho report and ba!ancc->heet, as follows :— Forty-Brat Report of the Directors of tho Bank of New Zea'aud to the Half-yearly General Meeting of the Proprietors, held at the Banking-house, Auckland, on Thursday, 20th April, 1882. The Directors have much satisfaction in again meeting shareholders with a favourable report, as exhibited in the following statement of the result of th« past half-year's operations. The net profit for the half-year ended 31st March, after full appropriation f jr all known bad or doubtful debts, and in reduction of Bank premises and furniture accounts, amounts to £82,258 13 7 To which has to be added - Balance from half-year ended 30th September, 1831 .. .. 23,744 18 7 Giving a total available for division Of., 'a .. .. .. £106,003 12 2 The following appropriation of which is now recommended :— To payment of dividend'at the rate of 10 per cent, per annum .. £50,000 0 0 To bonus of 6s per share, equal to 6 per cent, per annum .'. .. 25,000 0 0 To addition to Reserve Fund .; 20,000 0 0 To balance carried to profit and loss new account-* ~ 11,003 12 2 -£106,003 12 2 The Dividend and Bonus will be payable at the Head Office, Auckland, To-morrow (Friday), 21st instant, and at Branches on receipt of advice. For the Board of Directors. JAMES WILLIAMSON, Chairman, Aggregate Balance-sheet of the Bank of New Zealand at 31st Jlarch, 1882, including London office at 31st January, 1832. Liabilities.' Dr. £ a. d. Capital paid up .. .. 1,000,000 0 0 Reserve fund .. .. .. 555,000 0 0 Notes in circulation. .. .. 600,667 0 0 Bills payable in circulation .. 2,118,974 7 0 Deposits and other liabilities .. 7,916,448 1110 Balance of profit and loss ... 106,003 12 2 £12,195,991 11~0 Assets.

Coin and cash balances at bankers .. 1,235,121 6 5 Money on short call in London .. 650,000 0 0 Bullion on hand and in transitu .. 166,392 11 9 Government securities ~ .. 292,172 6 2 •Bills receivable and securities in London , .. .... .. 1,795,999 10 10 Bills discounted, and other debts due to the Bank.. , .. .. 7,819,006 13 6 -Landed property, bank premises, &c. 236,699 2 6 £12.195,991 11 0 ■ Profit and Loss Account. ■ Dr. . . £ s. d. To dividend on 100,000 shares of £10 ' each, at rate of 10 per cent, per annum .. .. . v 50,000 0 0 To bonus at rato of 5s per share, ! equal to 5 per cent, per annum.. 25,000 0 0 To proposed addition to reserve fund .. .. .. 20,000 0 0 To balance carried to profit and loss newaccount.. .. .. 11,003 12 2 - - - —- - . iCIOC,O"O3J2 2, „ Cr. '" £ 9 . i. By balance from hall-year ended 31st September, 1881 ... .. 23,741 18 7 By net profit for half-year onded 31st March, 1882.. ~ .. 82,258 13 7 £100,003 12 2 RBSERVK FUND..Dr. ■ ■.. ■ £ s. d. To balance (including proposed addition) .. .. .. 575,000 0 0 £576,000 0 0 Cr. £ s. d. By balance from half-yoar ended 30th September, 1881, and us at 31st March, 1832.. .. .. 555,000 0 0 By proposed addition .. .. 20,000 00, . ' £575,000 0 0 We hereby certify that we have examinod the Accounta of the Bank of New Zealand for the halfyear ended 31st March, 1882, and that we have counted the cash balances and examined the bills and other securities held at the Head Office, and compared the returns of the branches with the statements in the foregoing balance-sheet, and have found the same to be correct. : <Si^) S PiON EK S ? E'}^itors.

The Chairman, in moving the adoption of the report, said: > Gentlemen, you have heard read the repoit and balance-sheet of which it will be my pleasing duty presently to move the adoption. The figures themselves call for. little remark-; they exhibit a gratifying progress in every department of the Bank's business, and notwithstanding the exceptionally low price of money during the past Bix months, the volume of the business of the Bank has been so great as more than to compel, sate for any shortco .v ings in this respect. The policy of the Bank ha 3 ever been to endeavour to meet every legitimate requirement of its constituents, and not to enter on a speculative race for business, either by undeitaking what may be .termed risky transactions or offering special inducement in the matter of rates. We rather endeavour to cultivate confidence in an unvarying support .to all honesS enterprise, and study so to conserve our resources as to enable us to continue that support in times of scarcity as well as in times of abundance of money. The result of this policy, as exhibited in the statements put before you to-day, affords satisfactory proof that it is appreciated by the public, and, although our profits are not startling, they give evidence of careful management, which, after all, is the best test of the success of any institution. We have for Borne time deemed id prudent to carry forward a largo balance to the profit and loss account of each succeeding halfyear, but the amount at our command at this period, and the general outlook of business throughout the Colonies, in the opinion of the Boa' d, warrant our proposing to make tho handsome addition of £20,000 to the-reservo fund, which will then stand at £575,000, andwearestill enabled to carry forward to next half-year £11,00312j 2d. I have much pleasure in congratulating shareholders on the steady progress of the Colony, ol which there can be no better criterion than the reported healthy condition of the public revenue. The recent abnormal state of the Londgn money market, showing rates higher than were current in the Colonies, has for a time checked the flow of money for investment; but with returning cheap rates and the growing appreciation of the Bafety of Colonial investments, we may reasonably look for capital finding its way here as fast as we are likely to require it. Notwithstanding the almost total cessation of assisted immigration, which we may, hope will soon be resumed, there has been a steady inpour of population of a class calculated to assist the1 rapid development of : our acknowledged great resources. The general result of our pastoral and agricultural operations has been very satisfactory, and, from an Auckland point of view, the increased attention being given to wheat-grow-ing, and the very successful result of the season's cropping, appear to justify the expectation of this branch of business being largely extended in the' future. The whole outlook, I am pleased to say, ia of a most cheering character, and I have no doubt when next we meet I shall have the satisfaction of submitting results at least as favourable as those now put before you. With these remarks, I beg to move the adoption of the report and balance-sheet as read. Mr G. B. Owen-: I beg to second the adoption of the report. • The Hoa. P. Dignan : Mr Chairman and gentlemen, I havo much pleasure in proposing a vote of thanks to the directors and officers of tho Bank, who have been the means of producing the satisfactory results for the past half-year, the report of which has been placed in our hands. I ask the shareholders present to join in a hearty vote of thanks to the directors and officers of the Bank. , Mr John Batger : I have much pleasure in secondIng a vote of thanks to the directors and officers of the Bank. The motion was then put, and passed unanimously. The Chairman: While I am upon my feet, gentlemen, I may thank you for the continued confidence I placed in the direction of this great institution. I can only say that it encourages myself materially, and I think it has the same effect on the whole of the directors. The shareholders may depend that the same care and attention will be given to their interests, and the interests of the Bank, as have been given on former occasions. ■ I thank you very much for your vote of thanks. * • The General Manager: Gentlemen, personally, and on behalf of the staff of the Bank of New Zealand, I have very much pleasure in returning you hearty thank 3 for the vote you have so kindly passed • and with reference to the confidenfeexpression of the Chairman as to future successful results, I can only say, on the part of the staff, no effort will be wanting to bring about that most desirable end. I have very much pleasure in thanking you for the vote. The scroll minutes were then read, and tho meeting terminated. ' . ■ .

T> E A G OOK'S • • NEW SEASON'S JAMS. • MANUFACTURED IN DUNEDIN. Superior Assortment. Tho only Stoneless Jams in square tins made in Dunedin. SOLD EVERYWHERE. Sap' D' It WI L KINS, CHKISTCHURCH, - ■ • . (Late of the Surgical Staff, Royal Opthalmic Hospital, Moorflclds, London), Will arrive in Dunedin May 3rd, for EYE, EAR, and THROAT. _ » 20ap

QLABET! CLARET! ALFRED DE LUZE ET FJLS' (Blue Libel) "ST. ESTEPHE." The abovo well-known Claret having taken n leading place in New Zealand, the Undersigned have arranged for regular shipments of Quarto and Pints. GIBBS, BRIGHT,'& CO., . Agents, Dunedin.

OTAGO LOAN and PAWS OFFICE, Moray plaox. (Opposite Criterion Hotel, Ducedln.) GASH ADVANCED IN~SUMi3 OF £6 TO £M 0 n v t On P6r»onal Security, Rep»y»ble by Weekly, Jlor thiy, cr Quartetlr lustal mon«B|'to-scit the bc«owu». Cash Advanced on Oold Watches Cash Advanced on Silver Watches Cash Advanced on Gold Ch»l»B Cash Advanced on Diamond Goods Cash Advanced on all kinds of Valuiblea IntoreeS One Shilling In tho Pound per Month pfflce Heui-6.^9 a.m. to 8 p.m. Suturdays, 6 n.m t. 9 p.m.; Kondayc, B.M p.m. Propriotoj _ .. h. UUSS. Note tho Addrenu—Moray {since (oppoalio the- Ontorlon Hotel). Private QauimiiiilcAtinnc- liox- 220 Poat-oflJce. ' I3my