BANK OF NEW SOUTH WALES

Southland Times, Volume III, Issue 8, 25 November 1863, Page 2

BANK OF NEW SOUTH WALES

I The following is the twerity-sishh report of the ! dircctprs of the Bank of ..New South Wales, pre- " sonted to the; hnlfcyenrly general meeting ofthe proprietors, held at: the; chief Banking House* Sydney, on Wednesday, 28th October, z -. BEPORT :— The Directors have pleasure in placing hefore the Shareholders the annexed abstracts ofthe liabilities nnd assets of tho -Bank, and of tbe profit and loss account for tho half year jended oa the 30th ] ultimo. i The net profit fpr that period, i after deducting rebate on ! i current bills, interest on I. i -deposits, providing for had 1 and doubtful debts, and .J reducing valuation of bank premises and office furni-

A vacancy occurs in tbe Direction on this occasion by the retirement of E. C. Weekcs, Esq ; Frederick Tooth, Esq., is the only candidate tor the office: » It devolves on fhe present meeting to Elect Auditors fn the room of W. R. Piddington and James Milson. Jun, Enquires, who retire at this time, the latter of whom is eligible for re-election. The dividend will be payable at the hea.l office to-raorrow, and at the Branches, on receipt of advico. For and on behalf of the Board of Directors, Ge ege Allen, President. Balance Sheet. (Including London Branch to 30th June, lS*^. and New Zealand Branches totfth September. . 1563.")

Dr. £ 8. 4. To Bank Stock 750,000 0 0 „ Reserve Fund 250,000 /O 0 „ Notes in Circulation ... 648,612 /0 0 „ Bills Payable 1,086.559/10 10 „ Deposits and other Liabilities 3.509.912 15 4 „ ProEt and Loss 109,071 9 2 £7,25^055 15 4 Cr. ~7' £ s. d. By Coin and' Cash Balances ... 1,166,164 13 8 „ Bullion in bnnr] and in transit; to London, 30th Sept.. 1863 1,013.897 17 9 „ Government 'Securities ... 30.930 0 0 „ Notes of other B.mke ... 12.799 0 0 „ Rank Premises 106,632 11 11 „ Bills R-ceivable, Bills Discounted, an,d other debts due to the Bink ... 4,917,451 13 10 „ Insurance Account ... 7,149 18 2 £7,255,055 15 4 Profit and Loss. Dr. J Sopt. 3'Mh, 1863. To .Rebate (at 'current ra'eS) on Bills Discounted not duo at this date 30,169 11 11 „ Dividend at ihe'rnte 15 per epjit. per annumn 56,250 0 0 „ Bonus of 2| per -cent, on Paid-up Capital, (750,000) 18,750 0 0 „ Balance carried to Profit and Loss (New Account) ... 4,801 17 3 £1C9,971 9 2 Mareb. 31sfc, 1863. 'By Amoutit from last Account 3,128 6 1 September 80th,18(53. „ Recoveries from Bad Debts 3,410 4 8 „ Ba'ance of Current HalfYear's Profits after writing off Bad Debts 103,432 US 5 £109,971 9 2 J. Milso.v, Jen. 'j Auditors.

ture, amounts to ... 73,263 6 6 To which is to be added — ? Recoveries from dpbts previously written off as bad or d-übtfnl ... 3,410 4 8 Undivided balance from laafc half-year ... 3.128 6 1 Giving for distribution ... -79.80117 3 Which the Directors appropriate as follows : — £ s d To payment of dividend at the, rate of 15 per cent per annum 56,250 0 0 „ bonus of 2£ nor cent on eapitnl— £7s'i,ooo 18.750 0 0 „ balance carried to Profit and Loss New Account ... 4,801 17 3 £79,801 17 3