BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE HALF-YEAR ENDED 31st MARCH, 1897.

Appendix to the Journals of the House of Representatives, 1897 Session II, B-15

8.—15.

"■Bess. 11.—1897. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE HALF-YEAR ENDED 31st MARCH, 1897.

Laid before Parliament in pursuance of Section 53 of " The Bank of New Zealand and Banking Act, 1895."

WELLINGTON.

1897.

2

8.—15

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Profit and Loss, 31st March, 1897.

BANK OF NEW ZEALAND. Balance-sheet, 31st March, 1897.

Reserve Fund.

Approximate Cost of Paper.— Preparation, not given; printing (1,435 copies), £1 16s. 63.

Price 3d.] By Authority : John Mackay, Government Printer, Wellington.—lB96.

Liabilities. Capital — £ s. d. Four-per-eent. Guaranteed Stock Preferred shares issued to Crown Ordinary capital called up under "Bank of New Zealand and Banking Act. 1895 " .. 500,000 0 0 £ s. d. Assets. £ s. a. 2,000,000 0 0 500,000 0 0 Coin and cash balances at banker's Bullion on hand and in transit Investments — Colonial Government securities Assets Realisation Board debentures Municipal securities Other securities .. £ s. d. £ s. d, 1,557,591 5 8 132,650 18 2 Amount paid to date .. .. 244,141 2 1 244,141 2 1 780,948 18 5 2,680,285 6 9 15,567 6 1 32,500 0 0 Nominal reserve liability on shares .. 810,000 3 7 2,744,141 2 1 Reserve Fund invested in Government securities Notes in circulation Bills payable in circulation.. Deposits Other liabilities Bills rediscounted .. .. ., .. .... Balance of Profit and Loss .. 23,474 7 4 557,497 0 0 1,387,681 17 7 8,230,955 17 10 601,718 16 6 50,445 9 11 39,391 2 11 Bills receivable and bills discounted Other advances and securities and debts due to the bank Estimated amount recoverable on account of first call, reserve liability Landed property, premises, &c. Bank of New Zealand Estates Company (Limited), "assets in liquidation " (1895 valuation) Bank of New Zealand Estates Company (Limited), " Debenture Conversion Account" Colonial Bank, property and premises (book value) Colonial Bank purchase, " Goodwill Account " o,ouy,oux j.i a 2,649,881 13 4 4,509,895 10 4 4,141 5 8 442,851 16 6 580,065 5 10 -- 68,445 0 0 105,481 7 5 75,000 0 0 13,635,305 14 2 £ 13,635,305 14 2

Three months' dividend to 31st March, 1896, on preferred share capital Net balance of profits at 31st March, 1896, paid to Assets Realisation Board in terms of " The Bank of New Zealand and Banking Act, 1895," section 11 .. Twelve months' dividend to 31st March, 1897, on preferred share capital.. Balance for year ended 31st March, 1897 £ s. d. 4,375 0 0 35,708 17 0 17,500 0 0 39,391 2 11 £ s. d. £ s. d. Balance from year ending 31st March, 1896 .. .. .. .. 52,576 2 1 Less amount disallowed upon the adjustment of the price to be paid by the Assets Board in terms of " The Bank of New Zealand and Banking Act, 1895 " .. .. .. .. .. 12,492 5 1 . 40,083 17 0 Profits for the year ended 31st March, 1897, including recoveries, and after payment of and provision for all interest due and accrued on deposits and guaranteed stock, provision for bad and doubtful debts, and writing-down of Bank Furniture Account 56,891 2 11 £96,974 19 11 £96,974 19 11 [i

Balance £ s. d. 23,474 7 4 Balance from year ending 31st March, 1896 Balance of " Premium Account " received from London, credited in terms of " The Bank of New Zealand and Banking Act, 1895 " £ s. d. 23,418 4 11 56 2 5 £23,474 7 4 £23,474 7 4