Profit AND Loss Account.

Otago Witness, Issue 2727, 20 June 1906, Page 4

Profit AND Loss Account.

Cr. Balance from last year «, .. £053,930 0 ft Profits for year ended 31st March, 1906, including recoveries, and after payment of and provision for all interest due and accrued on deposit, provision for bad and doubtful debts in current business, for donations to Provident Fund, , and for bonus to staff .. .. £529,017 6 t Less salaries and allowances a, t head office and 138 branches^Lnd agencies, directors' remuneration (including London Board), genexal expenses (including rent, stationery, tra- / veiling, repairs to premises, etc., audit expenses account, rales »n9 taxes, telegrams, and postage) .. ..•. .. 198.687 12 G 330,329 14 8 Total .£584,259 14 3 The Reserve Fund stands at £81.294,

Dr. Annual statutory paymer-i at March, 1905. paid to the Assets Realisation Board, in terms of " The Bank of New Zealand Act, 1903," section 15 £ 50,000 0 0 Dividend at the rate of 5 per cent, for the year ended 31st March, 1905, on £500,000 preferred shares isTO-d to the Crowu in terms of "The Bank of New ZeaJar.d Act, 1903" .. 25,000 0 0 Dividend at t/i9 rate of 5 per cent, for the year ended 31st March, 3905, on ordinary share capita.! paid up on that date ,'j64i2,370> .. ." 22,618 10 0 Balance of profit at 31st March, 1905, pa-d to iSe Assets Realisation Boszrd in terms of " The ->anfc of New Zealand Act, 1903," section 15 .. 156,311 10 0 Twelve months' interest on guarantsed stock , 40,000 0 0 Amount mitten off bank premises 15,000 0 0 Amount written off Colonial Bank pienii&es 500 0 9 Amount written off -furniture account 500 14 3 Balance for year ended 31st March, 1906 ,r „ « », 274.329 0 0 Total «■ .. -rs ... .. £584.253 14 3