Bank of New Zealand.
BALANCE SHEET SHOWS £92,400 YEARLY PROFIT.
FINANCES OF ASSETS BOARD.
{Per Press Association)
Wellington, July 1
The Premier laid on the table of the House this afternoon the balance-sheet of the Bank of New Zealand fov the year ended March 31st, 1898. It shows that after paying and providing for all interest and bad and doubtful debts ard after reducing the Bank of New Zealand Estates Co.'s debentures conversion account by £10,132 9s sd, there is a profit for the year of £92,400 0s Id, whifch, added to lust year's balance of £37,371 2s lid, makeß a total to credit o* the profit and loss account of £131,791 .3s. Out of this a dividend of £17,600 was paid. The balance-sheet ef the Assets Realisation Board, laid on the table of the House this afternoon, shows a net profit on stations of £43,296 5s Bd, and on freehold and other properties of £6,669 6s 2d. 1
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Bibliographic details
Thames Star, Volume XXX, Issue 9110, 2 July 1898, Page 3
Word Count
159Bank of New Zealand. Thames Star, Volume XXX, Issue 9110, 2 July 1898, Page 3
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