The Bank of New Zealand.
* . HALF-YEARLY REPORT.
SEVEN PER CENT DIVIDEND.
(By Telegraph— On n Despondent.) Auckland, April 26. The Bank.of Now Zealand profits for the half year arc i'54,U00, equal to 10 per cent por annum on the company's capital. 'Die directors recommend tho payment of n diwdend of 7 per cent. The report shows that the confidence of tho depositors is unabated. The deposits only decreased £01,000 on £10,000,000 deposited. Tho chairman's speech states Hint the reduced profit is attributable to the accumulation of securities not jicldingfnll interest, which it may bo opportune to realise now. Tho directors recommend the appointmont of v committee of influential shareholders to oxnmino theso securities, mid decido which should be immediately realised. This stop it. !b bcliovcd, will completely rcmovo nil doubts regarding thp nature and >alue of the securities held by the Bank. j
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Bibliographic details
Wanganui Herald, Volume XXII, Issue 6496, 26 April 1888, Page 2
Word Count
143The Bank of New Zealand. Wanganui Herald, Volume XXII, Issue 6496, 26 April 1888, Page 2
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