COMMERCIAL
NATIONAL BANK INTERIM DIVIDEND The general manager of the National Bank of New Zealand, Ltd., announces payment on January 4 of an interim dividend of 2i per cent, less United Kingdom income tax at the rate of 3s 7d in the £, in respect of the year ending March 31, 1939,
The dividend will be payable in New Zealand at any branch of the National Bank at the rate of exchange for demand drafts on London current on January 4, 1939. This makes the interim dividend equal lb £2 10s per cent, or equivalent to £5 Is 9d per cent per annum. The bank shows its capital and reserves as under: — £ Subscribed capital 6,000,000 Paid-up capital 2,000,000 Reserve fund (invested in Government securities) ■ • 1,000,000 Currency reserve (invested Government securities) .. 500.000 Reserve liability of shareholders 6,000,000 £&,500,000 In addition, there are undivided profits carried forward of £113.090. In the balance sheet, liquid assets stand at £5,145,000, which are equivalent to 33.75 per cent, or 6s 9d in the .£, of total liabilities to the public, and Cor every £1 of its own funds the bank is holding £4 4s 4d of the public s money.
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Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19828, 4 January 1939, Page 7
Word Count
193COMMERCIAL Poverty Bay Herald, Volume LXVI, Issue 19828, 4 January 1939, Page 7
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