BANK PROFITS.

Waikato Times, Volume 109, Issue 18339, 27 May 1931, Page 9

BANK PROFITS.

SHOW DROP FOR YEAR. NATIONAL OF AUSTRALASIA. A fiet profit of £561,205 is shown in tho annual report and balance-sheet of the National Bank of Australasia for the year ended March 31. This is a decrease of £93,929 on the figures of last year. Taxation amounting to £193,000, an Increase of £72,000 on last year, was provided for before arriving at the net profits for tho year. An interim dividend of per cent, was paid in November and the final dividend IS J per cent, lower at 4 per cent. For a number of years the bank paid a dividend Of 10 per cent. The balance-sheet shows deposits totalling £33,306,000; less on the year by £'2;253,000.- Liquid assets,- ehiefly cash and bonds, total nearly £ 10,000,000. Shareholders’ funds are just over £8,500,000, and advances are £31,000,000, which show a decrease of £1,843,000. Compared with 1930, advances have decreased-by less than deposits. The total assets of the bank aggregate £43,028,000. Reserve fund With this year's addition starids at £3,300,000. Following Is a summary of the bank's results and appropriations for the last three years:— 1029. 1930; 1931, Bt. forward £148,495 £167,773 £ 162,907 Net profit 659,278 655,1 34 561,205 £807,773 £812,907 £724,1 12 Reserve fund 100,000 100,000 100,000 premises A/c 50,000 50,000 50,000 Dividend p.c. 10 10 8i Amount 500,000 500,000 425,000 Car. for. £157,773 £162,9.07 £149,112