Page 2 Advertisements Column 4

Tuapeka Times, Volume XVIII, Issue 1142, 6 May 1885, Page 2

TTERBERT AND CO., 11 LAWRENCE, Havb ok Sam:— Bamlett's Reapers, with latest improvements Binding Manilla Twine 36,000 Corn Sacks (F. W.) Blasting and Sporting Powder Guns— Single and Double-barrel, Breech and Muzzle Loading L.H. Shovels, Sluice Forks Fencing Wire and Standards Barbed Wire, best American BANK OF NEW ZEALAND. (I'HE Half-yearly General Meeting of the L Shareholders of the Bank of New Zealand was held in the Banking-bouse, Queenstreet, Auckland, on the 22nd April, Dr J. L. Campbell (Chairman of Directors) presiding. There was a large attendance of proprietors. Mr D. L. Murdoch, General Manager, read the minutes of the last annual meeting, which were confirmed, also the report and balancesheet, as follow :— Fobty-skvinth Ripobt of the Directors of the Bank of New Zealand to the Half-yearly Gensral Meeting of the Proprietors, held at the Banking-house, Auckland, on Wednesday, the 22nd April, 1885. The Directors submit to Shareholders the following as the result of the past half-year's operations:— The net profit for the half-year ended 31st March, after full appropriation for all known baa and doubtful debt*, and in reduction of Bank Premises and Furniture Accounts, amount* to £79,048 0 9 To which has to be added— Balance from half-year ended 30th September, 1884 ... 21,093 17 7 Giving a total available for division of £100,141 18 4 Which it is proposed to appro prtate as follows :— To payment of Dividend at the rate of 10 per cent per annum £50,000 0 0 To bonus of 5s per share equal to 5 per cent per annum ... 25.000 0 0 To balance carried to Profit and Loss New Account ... 25,141 18 4 £100,141 18 4 The Dividend and Bonus will be payable at the Head Office, Auckland, on Friday, the 24th April, and at Branches on receipt of advict. For the Board of Directors, J. LOGAN CAMPBELL, Chairman. Aqorsqate Balance-shut of the Bank of few Zealand at 31st March, 1885, including London Offica at 31»t January, 1885. UABIUTIIS. Dr. £ s d Capftal paid up 1,000,000 0 0 Reserve fund 625.000 0 0 Notes in circulation 532,060 0 0 Bills payable in circulation... 1,853,274 5 0 Deposits and other liabilities 10,750,649 4 11 Balance of Profit and Loss... 100,141 18 4 £14,861.125 8 3 AB3STB. Cr. £ s d Coin and cash balances at bankers 1,383,475 1 5 Money on short call in London 135,157 11 6 Bullion on hand and in transit 278,908 1 11 Government securities ... 883,877 19 11 Bills receivable and securities in London 1,958,235 16 8 Bills discounted and other debts due to the Bank... 9,913,446 14 3 Landed property, Bank premises, &c 308,024 2 7 £14,861,125 8 3 ntONT AMD LOSS ACCOUNT. Dr. £ s d To dividend on 100,000 shares of £10 each at the rate of 10 per csnt per annum ... 50,000 0 0 To bonus »t the rate of 5s per share, equal to 5 per cent per annum 25,000 0 0 To balance carried to Profit and Loss new account 25,141 18 4 £100,141 18 4 Cr. £ s dj By balance from half-year ended 30th September, 1884 ... 21,093 17 7 By net profit for half-year ended 31st March, 1885 79,048 0 9 £100,141 18 4 I «^SMSH^iiSMIBM BBSEBVI FOND. Dr. £ ■ d To Balance 625.000 0 0 Cr. £ a d By balance from last half-year 625.000 0 0 We hereby certify that we have examined the accounts of the Bank of New Zealand for the half-year ended 31st March, 1885, and that we have counted the cash balances acd examined the bills and other securities held at the Head Office, and compared the returns of the branches with the statements in the foregoing balance-sheet, and have found the same to be correct. (Signed) J. L. WlMOK") AnA -L nwu X * ' A.K.TATLOBJ AliaitOW -

The Chairman, in moving the adoption of the report, said : Gentlemen,— ln riling to move the adoption of the report and balancesheet which have just been read, I will, as usual, shortly comment on the figures contained in them and on the general condition of buiinen since we last met. Looking at the debtor or liability side of the balancesheet, and contracting the figures with the previous half-year's statement, tho capital and reserve fund remain as before. The circulation shows a slight expansion, but to slight as scarcely jo be noteworthy. The bills payable exhibit an increase of £400,000, consequent on the more active exchange business pertaining to this season of the year. The deposits and other liabilities are increased by over £250,000, and the balance of profit and loss is greater by £4000. On the credit or assets side, the available resources of the Bank, which comprise coin and cash balances at branches, money at short call in London, bullion, Government securities, and bills receivable, Ao., in London, are greater by over £300,000. Sill^dlßcognted, and other debts due to the Bank, are increased by £400,000, and landed property, Bank premises, Ac., are also increased by £11,000. This last account will probably in next balance-sheet exhibit a larger incrense, as we have acquired the freehold premises in Sydney recently occupied by the Oiiental Bank, a purchase necessitated by the too limited space in our own premises, and the rapidly-growing business of the Bank in that city. It is, however, anticipated that by sale of our present freehold, and a portion of that acquired from the Oriental Bank and not required for our own purposes, no large addition will ultimately result to the Bank premises account from this purchase. We bare alto obtained in Melbourne the leasehold premises recently occupied by the Oriental Bank, in the most commanding site in Collins-street, but this, though contributing largely to the prominence of the Bank, and to its capacity for doing an increased business, will not involve a charge to premises account. When we last met I expressed some con-