Colonial Bank.

Pahiatua Herald, Volume II, Issue 204, 19 September 1894, Page 2

Colonial Bank.

Dividend of Seven per Cent.

By Telegraph.— Press Association. Prsiwx. September 17. The directors of ths Colonial Bank. m the 40th report to be press sled to the half yearly meeting stats r—Ths act profit for the half-year, after deducting ths imere»t paid sun aoorued on fixed deposits regaling bills uuder discount, charging all expanse* of management, rent. etc., sad duly providing for bad aud doubtful debts, amounts 10 £16.674 6s 9d. To this has to be added the Kvance from last half year. 4?’*.791 14s 4d. making a total of £34.466 Os lid. There mast he deducted the tax on ante rircalanon and iaa*i aai income tax £2288 9s 2d . lssviag avail able £22.227 11* 9d. which ms directors recommend to be applied as follows : Payment of d vidend st the rate of 7 per cent, on ths paid-up capital... £14.000 0 0 Balance to be carried forward 8.227 11 9 Total £22,227 11 9 A provisional arrangement for tbs , » Nstrln land and this Baa* is now before the Legislature, sad should they approve of it. resolut oat far your approval will be suhm tied to you at tns meeting.