Bank of New Zealand

Southland Times, Issue 14684, 2 July 1900, Page 4

Bank of New Zealand

♦ [Br Telegraph.] Wellington, June 29. The Bank of New ZeaUnd'd balance sheet fo r tbe yevr ended 31sc March has been laid on the table of the House of Representatives. The prefix and loss acount f-rvwa that the gross profits amounted to £414,076 and the working expenses to £171,. r >s6, leaving a net balance of £242,520, whioh has been applied a» fallows : — lnterest on guaranteed stock, £80.690 ; divided on preferred shares, £17,500 ; written off Estates Co's assets in 1 quidation, £70, 371 ; written off the debenture conversion account, £14,649 ; written off tho goodwill, £10,000 ; payable to the Assets B^ard, £50,000; salaries and allowance?, £110,682 ; directors' remuneration, £2000 ; general expenses, £35,77!5 ; audit, £249 ; raies and taxes, £20,601. The liabilities are :— Capital, £2,919,519 ; reserve fund, £23,474 ; not? circulation, £722,770 ; bills in circulation, £770,348 ; dept.sics, £8,587,859; other liabilities, £114.402---total, £13,138,373 Tne assets show : coin and bullion, £1,407,526; liquid assets in London, £2,667,637; investments in the oolony, £2,385,284; biils discounted, £1,791,337; aiv«*ncea, £3,961688; other assets, £13,188,373 I