NATIONAL BANK DIVIDEND

Taranaki Daily News, 14 July 1933, Page 4

NATIONAL BANK DIVIDEND

STRONG POSITION SHOWN. The general manager of. the National Rank 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: on March 31 last. The 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., \vhich with the exchange added will give the shareholder in New Zealand a return of £4 12s lid per cent, for the year. The. bank shows its capital and 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 Total £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 is equivalent to 58 per cent, or Ils 7d in the £1 of total liabilities to the public, and for every £1 of its own funds, the bank is holding only £3 18s Id of the public’s money, which is an exceptionally ■ strong position.