BANK OF NEW ZEALAND.
■■■ ' THE BALANCE-SHEET. [Per Pbess Association.] WELLINGTON, July 4. The balance-sheet of the Bank of• New 'Zealand 'was .laid on the table of the House i to-day. The following is a summary : — | LIABILITIES. '
1 : ..-...' •:•' ■•''!' :,, -v .■'; ;, ] .£286;520 ' The reserve'fund; stands at £23,474. • ! (Note.—Shilling's and; pence" 1 are' omitted' in the foregoing figures.) ,:■: ' ■
[Capital, 4 pen cent guaranteed ' i stock ■..'.. '• . ..-.■ .i,: : ' # ' . .2 000 000 '< Preferred shares .issued to>. Crown 's0o!o00 i Amount of ordinary/, capital paid to ' . date under Bank of New Zealand l p and Banking. A^ct, 1895 .... 412.354 : .tteserve fund, invested in New Zea- . . land consols •.-.';> .' . . 23,474 . JNotes in; •' circulation ■■■•■ V■■ . . 666,223 . Bills payable in. circulation . ■ . 698355 !.^fP osi *? -.,; -■-■ • • •■•'. '• . '7,834,480 Other liabilities ; . . . •_ . 164 627 ! Bills discountable; . . - . . 4*768 ! Balance of profit and loss . '. 50^000 ■•■ T ° tal 'ABkEvk ' '*^™ Coin and cash balance at bankers . 1,1V0,32l ■Bullion ■on hand and in transit . 94 599 Money at' call a.nd short-notice, bills ' , rscewsble and securities) in 1 . Lon- ! . don :.- . . ■..:.•■■ .;• .. . 1,803.395 investments in. the colonies . .2,540 237 Bills discounted ; . . ' . . ,/J 1,C13',911 Other advances and securities, and . ■■■■.; 1 dejbts due to bank .•■ . 4,025,235 . Estimated, amount recoverable on ■'" ; , account -of first call' reserve lia- •' • * r bil i^ ■■'•"■• ■■■ V . ; • .. 425. lianded property, .premises, etc. r '. 415 57P .tlank of New Zealand Estates Company, Limited, "assets, in liquidation" (book value) ■■'.-.'■ . . 455 063 Bank of New Zealand Estates Company, Limited, "debeatuie conaccount" .-.■'■ . ,";.'• 50jPCJ9 i Colonial Bank wrbperty and - prey mises (book value) ■-'■•.. "... .■ . i 95j457 Colonial bank purchase, " gobd-iwill account." (originally £75,000) '< >■" 70,000 : _ Total .. ..-.■•.. ■■-_£1i2,354 1 283' . The ppwit and loss accoontf. is- as ioUiloiwa£-» ■ ■ . - . -.'/• ...■ - • oalance of • profits at' March 31, 1898 ' —paid to Assets Bealisation Board ; in terms of Bank of New Zealand '• , . and Banking ' Act, . 1895, viz., £50,000 * and £24,900, arrears to ' March 81, 1898 . . . : 74,900 Twelve months' interest on guaran- : teed stock . ...... -80,000' ; Twelve months' dividend to March . 31, 1899, on preferred share capi- : tal ■.-.*. . . .. 17,500> I Amount" written off Bank of New I Zealand Estates Company, Eiini- ! ted; "assets 5n liquidation"' . .SO^VE : Amount written ' off Bank, of '< NewZealand Estates Company, "debenture conversion account" . 8,302 I 'Amount written off Colonial Bank > 1 .purchase, "good-will account". 5,000 .Balance for year ended March. 31, * ' . 1899 . . . . . ... 50,000 Total . . . ... £266,320 On the other side appear;. — &■ £ Balance* from year ended ;■ March 31, 1898 \ . T5,908V Profits for year ended March 31, .1899, including recoveries, and after : payment of and provi- ] siom for all interest due ' . .:.,".. arid accrued oh deposit*. . . : .and, provision, 'for. bad' ' '.y. . ' ; . and ' donbtfulv!- 'debt's o' in... ■' ■'};'. '. .; ■"' '■
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