NATIONAL BANK

Wanganui Chronicle, Volume 83, Issue 1, 3 January 1939, Page 11

NATIONAL BANK

INTERIM DIVIDEND ABRIDGED STATEMENT OF FINANCES The general manager of the National Bank of New Zealand, Ltd., announces payment on January 4 of ar. interim dividend of 2i per cent., less United Kingdom income tax at the rate of 3s 7d in the fl in respect of the year ending March 31, 1939. The above dividend will be payable in New Zealand at any branch of the National Bank of New Zealand, Ltd., at the rate of exchange for demand drafts on London current on January 4. This makes the interim dividend equal to 12 10s lOd per cent, or equivalent to f 5 Is 9d per cent, per annum. This bank shows its capital and reserves at 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 £113,690. In the balance-sheet, liquid assets stand at £5,145,000, which are equivalent to 33.75 per cent, or 6s 9d in the £1 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.