BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR, ENDED 31st MARCH, 1902.

Appendix to the Journals of the House of Representatives, 1902 Session I, B-15

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190-2. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR, ENDED 31st MARCH, 1902.

Laid before Parliament in pursuance of Section 24 of " The Bank of New Zealand and Banking Act Amendment Act, 1898."

WELLINGTON.

1902.

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B.—Profit and Loss, 31st March, 1902.

This is the balance-sheet referred to in certificate on attached Profit and Loss Statement, marked " B."— A. M., Chief Auditor. t> w r< iri. W .(jr.

BANK OF NEW ZEALAND.—A. Balance-sheet at 31st March, 1902.

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Liabilities. Capital— £ s. d. ITour-rjer-cent. Guaranteed Stock Ordinary capital called up under "The Bank of New Zealand and Banking Act, 1895 ".. 500,000 0 0 £ s. d. £ s. d. 2,000,000 0 0 427,319 17 0 2,427,319 17 0 Assets. « Coin and cash balances at banker's Bullion on hand and in transit Money at call and short notice, bills receivable, Government securities, and other securities in London Investments in the colonies — Colonial Government securities Assets Realisation Board debentures Municipal securities Other securities 57 1,60 2' I £. s. d. 78,131 30,000 21,053 26,500 s. a 5 I 0 I 6 : 0 I a. 0 0 1 1 £ s. d. 1,375,918 15 4 112,143 14 9 Amount paid to date " 578,131 5 0 1,600,000 0 0 21,053 6 1 26,500 0 0 3,608,970 18 1 Call of 1895, made in terms of " The Bank of New Zealand and Banking Act, 1895": £3 6s. 8d. per share .. .. .. 500,000 0 0 Amount collected to date, and specially applied as provided by the said Act .. 455,022 11 4 Nominal reserve liability on shares .. 437,063 6 0 Bills discounted Other advances and securities and debts due to the bank Landed property, premises, &c. Bank of New Zealand Estates Company (Limited), "Assets in liquidation " (book-value) Colonial Bank, property and premises 2,225,684 11 1 1,695,147 11 7 4,441,986 7 4 356,628 8 9 Preferred-share capital issued to the Crown and repurchased in terms of " The Bank of New Zealand and Banking Act, 1895," section 8, and available for reissue in terms of section 13 of the said Aot .. .. 500,000 0 0 252,254 10 2 30,277 14 6 Reserve Fund invested in New Zealand Consols Notes in circulation Bills payable in circulation Deposits Other liabilities Balance of Profit and Loss .. : 23,474 7 4 759,464 0 0 585,067 2 7 10,016,638 11 2 114,547 13 6 172,501 0 0 £ £ 14,099,012 11 7 14,099,012 11 7

Net balance of profits at 31st March, 1901, paid to Assets Realisation Board in terms of "The Bank of New Zealand and Banking Act, 1895," section 11 Twelve months' interest on guaranteed stock Amount written off Bank of New Zealand Estates Company (Limited), " Assets in liquidation " Amount written off Bank property and premises .. .. Amount written off Colonial Bank property and premises ... Amount written off Furniture Account .. Balance for year ended 31st March, 1902 £ s. a. 50,000 0 0 80,000 0 0 22,000 0 0 8,493 13 1 5,000 0 0 1,506 18 8 172,501 0 0 ! Balance from year ended 31st March, 1901 J Profits for year ended 31st March, 1902, including recoveries, and after payment of and provision for all interest due and accrued on deposits, and provision for bad and doubtful debts in current business Less — Salaries and allowances at head office and 124 branches and agencies Directors'remuneration, including London Board General expenses, including rent, stationery, travelling, repairs to premises, &c. Audit Expenses Account Rates, taxes, telegrams, and postages & s. d. i •• £ s. d. I £ s. a. ! 50,000 0 0 459,557 4 2 107,076 19 6 3,100 0 0 ■ 29,937 17 2 2,418 4 7 27,522 11 2 £339,501 11 9 170,055 12 5 289,501 11 9 £339,501 11 9

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£ a. a. i & s. a. Balance .. .. .. .. .. .. .. .. .. £23,474 74 ! Balance from year ended 31st March, 1901 .. .. .. .. .. £23,474 7 4 CERTIFICATES. I, Alexander Macintosh, the Chief Auditor of the Bank of New Zealand, do hereby certify,— We hereby certify that, having carefully examined the foregoing balance-sheet (marked " A ") 1. That, having carefully examined the foregoing balance-sheet (marked " A ") and statements, and statements, we are satisfied that they have been correctly compiled from the books and 1 am satisfied that they have been correctly compiled from the books and accounts of the accounts of the bank, and that the balance-sheet is a full and fair balance-sheet properly bank. j drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, i thereof. properly drawn up, and exhibits a true and correct view of the s,tate of the bank's affairs at the Dated this 24th day of June, 1902. date thereof. JAMES EMBLING, General Manager. 3. That I have verified so much of the cash, investments, securities, and assets of the bank RICHARD W. GIBBS, Accountant, 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 I agencies of the bank, or were then in transit. Dated this 24th day of June, 1902. A. MACINTOSH, Chief Auditor.

Eesbeve Fund.

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