BANK OF NEW ZEALAND
THE TEAK'S WORKING.
(Pee United Pbess Association.)
to, i i SELLING-TON, Juno 4. iho balance sheet and profit and loss statement of the Baiik of New Zealand for the year ended March 31 last shows that the profits, after providing for the expenses of management and all bad and doubtful debts and other contingencies, and after making provision for the annual donation to the Provident Fund, and a spccial grant thereto, also for a bonus to the staff, amount to £490.245. The directors recommend that £150.000 be transferred to reserve fund, making the reserve fund £2,500,000. and leaving a balpnco of £146,520 to be carried forward. Notes m circulation total £5,765,337, deposits £37.661,610, coin and cash balance at bankers £8,371,535.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19200605.2.34
Bibliographic details
Otago Daily Times, Issue 17954, 5 June 1920, Page 8
Word Count
124BANK OF NEW ZEALAND Otago Daily Times, Issue 17954, 5 June 1920, Page 8
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in