BANK OF NEW ZEALAND.
THE YEAR’S PROFITS. WELLINGTON, June 1. The report and balance sheet of the Bank of Now Zealand for the year ended March 31 shows the profits to bo £357,093, less interest on guaranteed stock £21,292, leaving £335,800. From this £50,000 has been allocated in reduction of bank premises, etc., leaving the balance of profit for the year at £285,800, which, with £57,070 from last year, totals £342,971. From this there have been paid dividends amounting to £104,297, leaving available for distribution £238,674, from which dividends on A shares amounting to £20,000 are proposed to bo paid, a dividend on ordinary and B preference shares amounting to £74,908, and a 3 per cent, bonus on ordinary and B preference shares amounting to £37,301. It is also proposed to transfer to reserve £50,000, making" the reserve fund £2,062,141, and to carry forward £56,464.
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https://paperspast.natlib.govt.nz/newspapers/OW19160607.2.52
Bibliographic details
Otago Witness, Issue 3247, 7 June 1916, Page 23
Word Count
145BANK OF NEW ZEALAND. Otago Witness, Issue 3247, 7 June 1916, Page 23
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