BANK OF NEW SOUTH WALES.

Wellington Independent, Volume XVIII, Issue 1992, 5 December 1863, Page 2

BANK OF NEW SOUTH WALES.

Twknty-sixth Report of the Directors of the Bank of New South Wales, to the Half-yearly General Meeting of the Proprietors, held at the chief Banking-house, on Wednesday, 28th day of October, 1863. The Directors have pleasure in placing before the Shareholders the annexed abstracts of the Liabilities and Assets of the Bank, and of the Profit and Loss account for the half-year ended on the 30th ultimo:— The net profit for that period, after deducting Rebate on Current Bills, interest on deposits, providing for bad and doubtful debts, and reducing valuation of Bank premises and office furniture, amonnts to ;..... 73,263 6 6 To which is to be added — Becoveries from debts previously written off as bad or doubtful 8,410 4 8 Undivided balance from last half-year »,128 6 1

Giving for distribution .79,80117 - Which the Directors appropriate as follows: To payment of Dividend at the rate of 15 per cent per aim... 56,250 0 0 „ Bonus of 2j per cent on capital, L750.W0 18,750 • 0 „ Balance carriedto Profltand Loss new account 4.801 17 8 . 79,801 17 3

L 79.891 17 3

A vacancy occurs in the Direction on this occasion by the retirement of E. 0. Weekes, Esq; Frederick Tooth, Esq; is the only candidate for the office. It devolves on the present meeting to elect Auditors in the room of W. R. Piddington and Jas. Mils on, jun, Esqs, who retire at this time, the latter of whom is eligible for re-election. The Dividend will be payable at the Head Office to-mor row, and at the Branches on receipt of advice. For and on behalf of the Board of Directors, George Aixbnj President. j Aggregate TBalance :Sheet of the Bank of New South • Wales, September 30, 1862, (including London branch to 30th June, 1863, and New Zealand Branches to 7th September, 1863.) Dr. To Bank stock 750,000 0 0 „ Reserve Pund 250,000 0 0 „ Notes in Circulation 648.612 0 0 „ Bills Payable 1,986,559 10 10 „ Deposits and other liabilities 3,509,912 15 4 „ Profit and loss , 109,971 9 2 L 7.255.055 1* 4 Cr. By Coin and Cash Balances 1,166,164 13 8 „ Bullion in hand and in transit to London 30th September, 1868 1,013,897 17 9 „ Government Securities ... ... 30,960 0 0 „ Notes of other Banks 12,799 0 0 „ Bank premises 106,682 1111 „ Bills receivable, bills discounted, and * other debts due to the Bank 4,917,45113 10 „ Insurance account ... 7,149 18 2 L 7,255,055 15 4 Profit and Loss, September 30, 1863. Dr. 1863. Sep 30th. To Rebate (at current rates) on bills discounted not due at this date 30,169 11 11 „ DividendattherateoflSpercentperonn 56,250 0 0 „ Bonus at 2J per cent on paid-up capital (L 750.000) 18,750 0 0 „ Balance carried to proflt&loss, new acct 4,80117 3 L 109.971 9 2 Cr. 1863. March 31st By amount from last account 3,128 6 1 Sept 30th. By recoveriesfrom bad debts 3,410 4 8 „ Balance of current half-year's profits after writing off bad debts 103,432 18 5 L 109.971 9 2 Audited 27th October, 1863, J. Milson, jun. | Auarton.