Bank of New Zealand.
THE BALANCE SHEET.
A SPLENDID YEAR.
(Per United Press Association.)
WELLINGTON, June 4,
The Bank of New Zealand balance sheet for the year ended March 31st shows that the profits after making usual allowances amounted to £368----150, as against £369,922 for the previous year. From this has to b« deducted in the . guaranteed stock £40,000, reduction of bank premises and furniture £15,000, leaving the balance of profit for the year £313,----150. To this has to be added the balance brought forward from last year £5409, making a total of £367,. 248. An interim dividend at 5 per cent already paid absorbed £50,000, leaving £317,248 available for distribution. This the directors propose to dispose of as follows:—3| percent dividend on preference shares £18,750, 5 per cent dividend on ordinary shares £25,000, bonus of 2£ per cent on ordinary shares £12,500, transfer to reserve fund £200,000 (making the reserve fund £650,000), leaving the balance to be carried forward £60,998.
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Bibliographic details
Thames Star, Volume XLV, Issue 10240, 5 June 1909, Page 2
Word Count
161Bank of New Zealand. Thames Star, Volume XLV, Issue 10240, 5 June 1909, Page 2
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