Page 5 Advertisements Column 2

Timaru Herald, Volume CXLIII, Issue 20925, 3 January 1938, Page 5

NATIONAL BANK OF NEW ZEALAND, LIMITED

The general manager of The National Bank of New Zealand, Limited, announces payment on January 4 of an interim dividend at the rate of 4 per cent, per annum, free of tax, for the half-year ended September 30 last. The above dividend will be payable in New Zealand, at any branch of the National Bank of New Zealand, Limited, at the current rate of exchange for demand drafts on London on the date of negotiation. This makes the interim dividend equal to £2 9s 5d per cent, or equivalent to £4 18s lOd per cent, per annum. The Bank’s capital and reserves are 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 in Government securities .. 500,000 Reserve liability of shareholders 6.000.000 £9,500,000 And in addition there are undivided profits carried forward of £112,797. In the balance-sheet, liquid assets stand at £6,840,000 which are equivalent to 45 per cent, or 9/- in the £ of total liabilities to the public, and for every £1 of its own funds the Bank is holding £4 4s 4d of the public’s money.