BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1898.

Appendix to the Journals of the House of Representatives, 1898 Session I, B-15

8.—15.

1898. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1898.

Laid before Parliament in pursuance of Section S3 of " The Bank of New Zealand awt Banking Act, 1895."

WELLINGTON.

1898.

8.—15.

BANK OF NEW ZEALAND.-Balance-sheet, 31st March, 1898.

A.—Profit and Loss, 31st March, 1898.

Reserve Fund.

Price 3d.]

We hereby certify that, having carefully examined the foregoing balance-sheet and statements, we are satisfied that they have been correctly compiled from the books and accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. Dated this 22nd day of June, 1898. C. G. TEGETME1ER, General Manager. RICHARD W. GIBBS, Accountant.

I, -John Marten Butt, formerly the Auditor appointed by the Governor in Council under " The Bank of New Zealand Share Guarantee Act, 1894," do hereby certify,— 1. That, having carefully examined the foregoing balance-sheet and statements, I am satisfied that they have been correctly compiled from the books and accounts of the bank. 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. 3. That I have verified so much of the cash, investments, securities, and assets of the bank as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had access to certified returns of so much thereof as were then held at the various branches and agencies of the bank, or were then in transit. Dated this 22nd day of June, 1898. J. M. BUTT, Late Colonial Auditor.

Approximate Cost of Paper.—Preparation, not given; printing (1,435 copies), £2 ss. 6d.

By Authority : John Maokay, Government Printer, Wellington.—-1898.

2

Liabilities. Capital— £ s. d. Four-per-cent. Guaranteed Stock Preferred shares issued to Crown Ordinary capital called up under "TheBank of New Zealand and Banking Act, 1895".. 500,000 0 0 . Amount paid to date .. .. 393,042 4 11 £ s. d. 2,000,000 0 0 500,000 0 0 £ s. d. Assets. Coin and cash balances at banker's Bullion on hand and in transit Money at call and short notice, bills receivable, and securities in London Investments in the colonies — Colonial Government securities Assets Realisation Board debentures Municipal securities Other securities . £ s. d. £ s. d. 1,328,153 16 11 117,708 7 1 393,042 4 11 2,893,042 4 11 678,248 18 5 1,880,285 6 9 19,453 6 1 31,900 0 0 1,460,309 0 1 Nominal reserve liability on shares .. 658,49112 0 Reserve Fund invested in New Zealand Consols Notes in circulation .. Bills payable in circulation.. .. ... Deposits .. Other liabilities Bills rediscounted Balance of Profit and Loss .. 23,474 7 4 593,905 0 0 1,219,926 18 1 7,626,140 5 7 260,202 5 8 34,375 1 0 74,900 0 1 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 " 2,609,887 11 3 1,719,929 12 5 4,281,318 11 10 •• I 1,533 16 11 431,837 2 6 •• 540,442 13 8 12,725,966 2 8 58,312 10 7 101,532 19 5 75,000 0 0 £ 12,725,966 2 8 I, Alexander Macintosh, the Auditor appointed by the Governor in Council under " The Bank of New Zealand Share Guarantee Act, 1894," do hereby certify, — That, having carefully examined the foregoing balance-sheet, I am sadsfied that it has been correctly compiled from the books and accounts of the bank. 30th June, 1898. A. MACINTOSH, Colonial Auditor. Statements of Profit and Loss and Reserve Fund appended hereto and marked " A." C.G.T., General Manager. R.W.G., Accountant.

Net balance of profits at 31st March, 1897, 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, 1898, on preferred-share capital... Balance for year ended 31st March, 1898 £ s. d. 39,391 2 11 17,500 0 0 74,900 0 1 £ s. d. Balance from year ended 31st March, 1897 .. .. .. .. .. 39,391 2 11 Profits for year ended 31st March, 1898, 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 after placing in reduction of Bank of New Zealand Estates Company (Limited), Debenture Conversion Account, £10,132 9s. 5d. .. .. .. .. .. .. .. .. 92,400 0 1 £131,791 3 0 £131 ,791 3 0

Balance £ s. d. £23,474 7 4 Balance from year ended 31st March, 1897 £ a. d. £23,474 7 4