NATIONAL BANK OF NEW ZEALAND

Southland Times, Issue 22068, 15 July 1933, Page 10

NATIONAL BANK OF NEW ZEALAND

DIVIDEND PAYMENT. The general manager of the National Bank of New Zealand, Limited, announces payment on July 15 of a final dividend at the rate of 4 per cent, per annum, free of tax, for the half-year ended March 31 last. The above dividend will be payable in New Zealand at any branch of the National Bank of New Zealand, Limited, at current rate of exchange for demand drafts on London on the date of negotiation. As an interim dividend at the rate of 4 per cent, free of tax, was paid in January last, the total dividend for the year is 4 per cent., which with the exchange added will give the shareholder in New Zealand a return of £4 12/11 per cent, for the year. This 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) 2,000,000 Reserve liability of shareholders 6,000,000 10,000,000 In addition there are undivided profits carried forward of £114,742. In the balance-sheet liquid assets stand at £9,367,000, which are equivalent to 58 per cent, or 11/7 in £ of total liability to the public and for every £1 of its own funds the bank is holding only £3 18/1 of the public’s money which is an exceptionally strong position.