Page 17 Advertisements Column 2

Otago Witness, Issue 1602, 5 August 1882, Page 17

PUBLIO NOTICES. THE COLONIAL BANK OF NEW ZEALAND. The sixteenth half-yearly meeting of tho proprietors of the Colonial Bank of New Zealaud was held on Wednesday, 26th July, at the Bank, Princes street, Dunedin. The Chairman of Directors (Hon. George M'Lean, M.L C.) presided, and about 40 shareholders were present. The Chairman said : Gentlemen, I think we we have given a reasonable time, and all are here that are likely to come. Now, I propose that we proceed to business. I will ask the General Manager to read the advertisement calling the meeting. Mr Cowie read the advertisement mentioned, and also the minutes of the previous half-yearly meeting, which latter were confirmed. THE EEPOET AND BALANCE SHEET. The Chjjeman said : Gentlemen, It now devolves on me to move the adoption bf the < report, which for some days has been placed in your hands. I think, as if has been in your hands for sometime, we will take the usual course, and ask you to take it as read. And if there be no objection to that course I will accept that as your wish, that it should be taken as read. — jfApplause.) (The report and balance sheet were as follows :— - ,The Directors beg to lay before the Proprietors the accompanying Balance-sheet and Statement of Accounts for the half-year ended 30th June last. ( The net profits for the half-year, after deducting interest paid and accrued on fixed deposits, rebating bills 'under discount, and charging all expenses of management, rent, &c, and making due provision for bad and doubtful debts, amount to . . £17,218 16 i I To which has to be added, Balance from last half-year.. .. 2,939 11 1 ' £20,168 7 6 \ And to be deducted, Tax on Note Circulation and Property 1 Tax 1,406 13 11 Leaving available.. .. ..£18,75118 6 Which the Directors recommend to be applidd as follows '.— To Reserve Fund (which ! will then stand at 1 £33,000) .. £2,000 0 0 Payment of Dividend '• at the rate of 7 per cent, per annum on j the Paid-up Capital 14,000 0 0 Balance to be carried ! forward .- 2,75118 6 ' ■ — £18,751 13 6 ! Upon confirmation by the Proprietors of the foregping appropriations, the Dividend will be payable at the Head Office on and after 10th AUGUST next, and at the Branches on receipt of the warrants. j Mr James Rattray having resigned hia seat at the Board upon leaving on a visit to Europe, Mr Edward Bowes Cargill was, in accordance with clause 44 of the D.eed of Settlement, nominated by the Directors to fill the vacancy until the present meeting j Mr Cargill now offers himself for re-election by the Proprietors, and he is the only candidate. ! GEO. G. RUSSELL, Chairman. BALANCE-SHEET OP THE COLONIAL BANK OF NEW ZEALAND, As at 80th JUNE, 1882, including London • Office at 81st MARCH, 1882. I Dr. & &• d. Capital £2 paid up on 200,000 Shares 400,000 0 0 . Notes in Circulation .. .. 105,692 10 0 Bills Payable and ottfer Liabilities • .. 79,432 3 9 Deposits .. •• " 994,923 13 9 Balances due to other Banks . . 9,418 11 7 Reserve Fund „ .. .. 31,000 0 0 Profit and Loss . . . . . . 18,751 13 6 £1,689,218 12 7 Or. & s. d. Coin and Cash Balances .. .. 247,874 18 10 Bullion on hand and in transitu .. 12,459. 0 8 Government Securities 3 per cent. Consols .. •• •• 24,625 0 0 Notes of and Balances due by other I Banks .. .. •• 14,967 311 Landed Property and Bank Premises;. 92,882 5 8 iank Furniture and Stationery .. 6,586 8 0 ] Jills Discounted, Bills Receivable, and j all other Debts due to the Bank . . 1,239,873 15 11 £1,639,218 12 7 Profit and Loss Account. Dr. £ s. d. £ s. d. To Transferred to Reserve I Fund, in accordance with resolution of Proprietors at HalfI yearly Meeting on 25th January, 1882.. 1,000 0 0 , Dividend at 7 per cent. i per annum on the paid-up Capital at 81st December, 1881 14,000 0 0 : 15,000 0 0 , Charges for the Half- ( year, including Rent, Taxes, Salaries, remuneration to Directors and Auditors, and all other expenBes at Head Office i and 18 Branches .. 16,806 4 8 ' Tax on Note Circula- . tion .. .. 956 16 1 , Property Tax on Paidup Capital and Re- ' serves to 80th June, 1882 .. .. 449 17 10 I 1,400 18 11 Proposed Addition to I Reserve Fund . . 2,000 0 0 I Proposed Dividend at the rate of 7 per 1 cent, per annum on i the Paid-up Capital 14,000 0 0 I Balance .. .. 2,751 13 6 1 18,751 13 6 £51,964 12 1 Or. / £ s. d. By Balance Profit and Loss at 81st December,lßßl .. .. 17,939 11 1 Gross Profit for Half-year, after I making provision for bad and doubtful debts, Interest paid and accrued on Fixed Deposits, and Rebate on Bills Current, j amounts to .. .. 34,025 1 0 £51,064 12 1 Rbsbrvk Fund. T) r £ s. d. To Balance 33.000 0 0 £33,000 0 0 Q r & s. d. By Balance 31st December, 1881 .. 30,000 0 0 Transferred from Profit and Loss, 25th January, 1882 .. .. 1,000 0 0 Proposed Addition now .. 2 000 0 0 £33,000 0 0 GEO. G. RUSSELL, Chairman. We havo examined the cash and bills at Head Office, and compared the abstracts of balances from the various Branches, and certify the foregoing statement to be in accordance therewith, and correct. A. BARTLEMAN, lAuditorßl Auditorß KEITH RAMSAY, j- Audltors - Dunedin, 18th July, 1882. The Chairman continued ; In moving the adoption of the report this time, I am very happy to meet the shareholders rather with ft