NATIONAL BANK

Wairarapa Daily Times, 29 December 1931, Page 4

NATIONAL BANK

INTERIM DIVIDEND. The General Manager of the National Bank of New Zealand, Ltd., announces payment on January 4 of the interim dividend for the half-year ended September 30 last at the rate of S per cent. p.a. free of tax. The above dividend will be payable in New Zealand, at any branch of the National Bank of New Zealand, Ltd?, at current rate of exchange for demand drafts on London on date of negotiation. This makes the interim dividend equal to £4 6s —9 per cent. This Bank shows its capital and reserves as under: — Subscribed capital £6,000,000

Paid up capital £2,000,000 Reserve Fund (invested in Government securities) £2,000,000 Reserve Liability of shareholders £6,000,000

£10,000,000 and in addition there are undivided profits carried forward of £168,457. In the last balance-sheet its liquid assets stood at £6,049,000, which are equivalent to 44.3 per cent, or 8/10d in £ of total liabilities to the public and for every £1 of its own funds the Bank is holding only £3/5/6 of the public’s money which is an exceptionally strong position.