NATIONAL BANK
DETAILS OF DIVIDEND The general manager of the National Bank of New Zealand, Ltd., announces payment to-morrow of an interim dividend of 2$ per cent less United Kingdom income tax at the rate of 3s 7d in the £ in respect of the year ending March 31, 1939. The above dividend will he payable in New Zealand at any branch of the bank at the rate of exchange for demand drafts on London current on January 4, 1939. This makes the interim dividend equal to £2 10s per cent, or equivalent to £5 Is 9d per cent per annum. The bank show's its capital and reserves as under:— £ Subscribed capital 6,000,000 paid-up capital 2,000,000 Reserve fund (invested in Government securities) . . 1,000,000 Currency reserve (Invented in Government securities) .. 500,000 Reserve liability or shareholders 6,000,000 £9.500,000 In addition there are undivided profits carried forwad of £113,690. In the balance-sheet, liefuid assets stand at £5,145.000, which are equivalent to 33.75 per cent or 6s 9d in the £ of total liabilities to the public, and for every £1 of its own funds the bank is holding £4 4s id of the public's money.
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Bibliographic details
Waikato Times, Volume 124, Issue 20694, 3 January 1939, Page 9
Word Count
190NATIONAL BANK Waikato Times, Volume 124, Issue 20694, 3 January 1939, Page 9
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