BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1904.

Appendix to the Journals of the House of Representatives, 1904 Session I, B-15

8.—15.

1904. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1904.

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

WELLINGTON.

1904.

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BANK OF NEW ZEALAND.— A. Balance-sheet at 31st March, 1904.

A M This is the balance-sheet referred to in certificate on attached Profit and Loss Statement, marked " B."— W. C, Chief Auditor. RW G

Liabilities. Assets. Capital — Four-per-cent. guaranteed stock Preference shares fully paid up, issued to the Crown under " The Bank of New Zealand Act, 1903," sections 9 and 10 Ordinary capital called up under "TheBank of New Zealand and Banking Act, 1895".. £ s. d. 500,000 0 0 £ s. d. 2,000,000 0 0 500,000 0 0 £ «. d. Coin and cash balances at banker's Bullion on hand and in transit Money at call and short notice, Government securities, and other securities in London Bills receivable in London £. s. d. 2,889,569 17 6 1,024,242 8 0 £ s. d. 1,836,703 6 0 120,516 19 7 Investments in the colonies — Colonial Government securities .. .. Municipal securities Other securities .. 3,913,812 5 6 Amount paid to date as follows :— 127,684 shares with full second call, £3 6s. 8d. per share paid 1,477 ■hares first and second call in course of payment 20,839 shares forfeited, amount paid thereon 150,000 425,613 6 8 1,555 16 8 4,543 18 2 716,631 5 0 23,653 6 1 27,600 0 0 767,884 11 1 Assets Realisation Board debentures Less held by public and due 31sc March, 1904, but not presented for payment 1,800,000 0 0 71,700 0 0 431 713 1 6 1,713 1 6 Leaving in hands of bank.. 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 - 1,728,300 0 0 1,914,652 15 10 4,988,543 17 2 341,962 17 7 Call of 1895, made in terms of " The Bank of New Zealand and Banking Act, 1895," £3 6s. 8d. per share Amount colleoted to date, and specially applied as provided by the said Aot Nominal reserve liability on shares 500,000 0 0 455,387 14 0 435,540 16 8 193,449 2 0 8,120 1 5 Reserve Fund invested in New Zealand Consols Notes in circulation Bills payable in circulation Deposits Other liabilities, including provision for depreciation in investment securities Balance of Profit and Loss .. 23,987 2 2 858,135 0 0 1,335,188 5 6 10,355,928 14 1 • 108,690 12 11 200,303 0 0 £ 15,813,945 16 2 [15,813,945 16 2

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B.—Profit and Loss, 31st March, 1904.

CERTIFICATES. I, William Callender, 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 I 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. 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, thereof. properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the Dated this 30th day of May, 1904. date thereof. ALEX. MICHIE, for General Manager. 3. That I have had access to certified returns of the cash, investments, securities, and assets RICHARD W. GIBBS, Accountant, of the bank as at the date of the said balance-sheet were held at the Head Office in Wellington, »nd at the various branches and agencies of the bank, or were then in transit. Dated this 4th day of June, 1904. W. CALLENDER, Chief Auditor.

Approximate Coat of Paper.— Preparation, not given ; printing (1.425 copies), £3 6b

By Authority: John Mackay, Government Printer, Wellington.—l9o4.

Price 3d.]

£ s. d. £ s. d. £ s. a. £ s. d. £ s. d. 195,590 0 0 Annual statutory payment at 31st March, 1903, paid to Assets Realisation Board in terms of " The Bank of New Zealand and Banking Act, 1895," seotion 11 Dividend at 5 per cent, for year ended 31st March, 1903, on the share capital, with call paid up (£423,590) Balance of profits at 31st March, 1903, paid to the Assets Realisation Board in terms of " The Bank of New Zealand and Banking Act, 1895," section 11 50,000 0 0 21,180 0 0 Balance from year ended 31st March, 1903 Profits for year ended 31st March, 1904, including recoveries, and after payment of and provision for all interest due and accrued on deposits, donation to Provident Fund, bonus to staff, expenses of renewal of guaranteed stock, provision for depreciation in investment securities, and provision for bad and doubtful debts in current business Less — Salaries and allowances at Head Office and 131 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 124,410 0 0 474,652 0 3 Twelve months' interest on guaranteed stock Amount written off bank premises Amount written off Colonial Bank premises Amount written off Furniture Account Balance for year ended 31st March, 1904 195,590 0 0 80,000 0 0 10,000 0 0 2,000 0 0 500 3 10 200,303 0 0 116,320 11 10 3,000 0 0 •• 30,812 3 4 1,006 16 2 30,709 5 1 £488,393 3 10 181,848 16 5 292,803 3 10 £488,393 3 10 Reserve Fund. Balance £ s. d. 23,987 2 2 Balance from year ended 31st March, 1903 Premium on sale of forfeited shares credited in terms of " The Bank of New Zealand Aot, 1903," section 21 £ s. a. 23,474 7 4 512 14 10 £23,987 2 2 £23,987 2 2