NATIONAL BANK OF N.Z.

Wairarapa Daily Times, 19 July 1934, Page 5

NATIONAL BANK OF N.Z.

A' DIVIDEND DECLARED. The General Manager of the National Bank of New Zealand Limited announces payment on 2lst July of a final dividend at the rate of 4 per cent, per annum, free of tax, for the half-year ended 31st March last. The above dividend will be payable in New Zealand, at any branch of the National Bank of New Zealand Limited at current rate of exchange for demand drafts on London on the date of negotiation. As an interim dividend at the rate of 4 per cent. p.a. free of tax was paid in January last, the total dividend for the year is 4 per cent., which with the exchange added will give the shareholder in New Zealand a return of £4 19/2 per cent, for the year. The 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 Shareholdes £6,000,000 • £10,000,000

and in addition there are undivided profits carried forward of £106,416. In the Balance Sheet liquid assets stand at £12,288,000 which are equivalent to 68 per cent, or 13/7d in £ of total liabilities to the public and for every £1 of its own funds the Bank is holding £4/7/9 of the public’s money which is an exceptionally strong position.