BANK OF NEW ZEALAND.

Poverty Bay Herald, Volume XXXII, Issue 10377, 7 June 1905, Page 2

BANK OF NEW ZEALAND.

I (Per Press Association.) WELLINGTON, this- day. Tlie balance-sheet \'of the Bank of New Zealand for the year ended March '3lst states that the profits, after providing for expenses of management, bad 'and doubtful debts, annual dcnatiion to' the ' provident, fund, and bonus- to the staff are £320,908. From this has been deducted interest- on 'guaranteed stock, £51,977. From the balance the directors have taken £12,500 m reduction of bank premises and furuiture, and £2500 ; in reduction of Colonial Bank property, leaving a balance of £253,930, proposed to be distributed as follows: Statutory pay. ments Assets Board £50,000, dividend of 5 per cent. £50,000, preference shares 1 £25,000, dividend at 5 per cent, on share cnpitil £22.618, leaving a rsurphs payable to the Assets Realisation Board' of £156,311. The balance-sheet of the Bank of N*w. Zealatid further shows coin and cash linl •anccs £2,030.114, bullion £94,033, money at call and short notice, Government securities, and other securities m London £5,161,770, bplls receivabhs jn ■ London £1,184,531, colonial Goverummt ' securities £844,131, New Zealand municipal fecuritiefi £28,653, Assets Board debHitures £1,332,500. bills discounted £2.005,---460, other advances, secU'ritiss. and d'eb.tv due £5,211,098; landed, property ■ and -prenisK-s £333,424, Bank of New Zealand Estates Company "asseta m liquidation" £62,P30, and Colonial' , Bank premises £3839; total, £16,342,404. •> The liabilities aro : Capital £1,952,370 . (including one million guaranteed stock and half a million preference shares), reserve f uud m New Zealand consols £43,897, notes m circulation _Yf*,l7l, bills payable £1,022,405, deposits £12,190,647, other liabilities £94,984, gross profits £509,130, expenses of management £188,222.