BANK OF NEW ZEALAND.
PROFITS FOR THE YEAR
(By Telegraph — Press Association.)
WKLLINGTOX,
Thursday
The annual report and balance sheet of the Bank of _e\v Zealand for the year ending .''lst March shows that the profits were £357,093, less interest on guaranteed stock £21,292, leaving £31 {;!,- ---800. From this £50,000 was allocated in the reduction of bank premises, etc., leaving a balance of profit for tho year of £285,800, Avhich, with £57,171 from last year, totals £.42,971. From this there has been paid dividends amounting to £104,297, leaving available for distribution £238,674, from which divi-
dends on A shares amounting to £20,000 are proposed to be paid, and a dividend on ordinary and B Preference shares absorbing £37,301. It is also proposed to transfer to the reserve £50,000, making the reserve fund £2,062,141, and carry forward £56,461.
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Bibliographic details
Wairarapa Daily Times, Volume LXX, Issue 14579, 1 June 1916, Page 5
Word Count
137BANK OF NEW ZEALAND. Wairarapa Daily Times, Volume LXX, Issue 14579, 1 June 1916, Page 5
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