BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1907.

Appendix to the Journals of the House of Representatives, 1907 Session I, B-15

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1907. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1907.

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

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Liabilities. Assets. Capital— £ a. d. £ s. d. £ a. d. £ s. d. £ s. d. Four-per-cent. guaranteed stock .. .. .. 1,000,000 0 0 Coin and cash balances at banker's • .. .. .. 2,160,605 8 5 Preference shares fully paid up, issued to Bullion on hand and in transit .. .. .. .. .. 110,610 15 4 the Crown under " The Bank of New Zea- Money at call and short notice, Government securitiei, and land Act, 1903," sections 9 and 10 .. .. 500,000 0 0 other securities in London .. .. .. .. 3,589,915 7 0 Ordinary shares, 150,000 at £6 13s. 4d. .. 1,000,000 0 0 Bills receivable in London .. .. .. .. .. 1,611,842 1 7 : 5,201,757 8 7 Paid up to £3 6s. 8d. per share .. .. .. 500,000 0 0 Investments in the colonies— 2,000. (XX) 0 0 Colonial Government securities .. .. .. .. 995,840 0 0 Reserve Fund, invested in New Zealand Government securities .. 81,294 10 3 Municipal securities .. .. .. .. .. 32,000 0 0 Notes in circulation .. .. .. .. .. .. 965,190 0 0 '. 1 027 840 0 0 Deposits .. .. .. .. .. .. .. .. 12,909,159 10 10 Assets Realisation Board AssetsBills payable and other liabilities, including provision for doubt- Balances owing bv purchasers .. .. .. .. 435,654 13 3 ful debts and for depreciation in investment securities .. .. 2,11)4,814 0 5 Sundry assets unrealised .. .. .. .. .. 322,544 4 5 Balance, Profit and Loss .. .. .. .. .. .. 244,880 16 7 758,198 17 8 Bills discounted .. .. .. .. .. .. .. 11 2 Other advances and securities and debts due to the bank .. .. 6,423,632 19 3 Landed property, premises, <fec. .. .. .. .. .. 319,859 15 8 Colonial Bank property and premises .. .. .. .. 2,865 2 0 £18,395,838 18 1 £18,395,338 18 1

This is the balance-sheet referred to in certificate on attaohed Profit and Loss Statement, marked " B."— B. M. Litchpield, Chief Auditor. 5'i?V, r .Hj.C

BANK OF NEW ZEALAND. A.—Balance-sheet at 31st March, 1907.

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H. 15.

B.—Profit and Loss, 31st March, 1907.

Price 3d.}

£ e. d. £ s. d. £ s. d. £ a. d. £ s. d. Annual statutory payment at 31st March, 1906, paid to the Asset* Balance from year ended 31st March, 1906 .. .. .. 274,329 0 0 Realisation Board in terms of " The Bank of New Zealand Aot, Profits for year ended 31st March, 1907, including 1903," section 15 .. .. .. .. •. ■. 50,000 0 0 recoveries, and after payment of and provision Dividend at the rate of 5 per cent, for the year ended 31st March, for all interest due and accrued on deposits, 1906, on £500,000 preference shares issued to the Crown in ; provision for bad and doubtful debts, for donaterms of " The Bank of New Zealand Aot, 1903 " .. .. 25,000 0 0 tion to Provident Fund, and for bonus to staff.. .. 563,688 0 10 Dividend at, the rate of 5 per cent, for the year ended 31st Marcb, Less— 1906, on £500,000 ordinary share capital .. .. .. 25,000 0 0 Salaries and allowances at Head Office and 141 Balance of profits at 31st March, 1906, paid to the Assets RealisR- branches and agencies .. .. .. 134,962 0 3 tion Board in terms of " The Bank of New Zealand Act, 1903," Directors'remuneration, including London Board 3,000 0 0 section 15 .. .. .. .. .. .. 174,329 0 0 General expenses, including rent, stationery, — 274,329 0 0 travelling, repairs to premises, <feo. .. .. 34,678 2 4 Twelve months' interest on guaranteed stock .. .. .. .. 40,000 0 0 Audit Expenses Account .. .. .. 1,702 0 3 Amount written off bank premises and furniture .. .. .. 16,000 0 0 Rates, taxes, telegrams, and postages .. 38,465 1 5 Interim dividend paid 14th January, 1907— 212,807 4 3 5 per cent, on preference shares, £500,000 .. .. .. 25,000 0 0 350,880 16 7 5 per cent, on ordinary shares, £500,000 .. .. .. 25,000 0 0 50,000 0 0 Balance, being net profit for year .. .. .. .. 294,880 16 7 Less interim dividend paid, as above .. .. .. 50,000 0 0 244,880 16 7 £625,209 16 7 £625,209 16 7

Reserve Fund.

£ s. d. £ s. d. Balance .. .. .. .. .. .. .. .. .. 250,000 0 0 Balance at 31st March, 1906 .. .. .. .. .. .. 81,294 10 3 Amount to be added from profits for year ended 31st March, 1907 .. .. 368,705 9 9 £250,000 0 0 £250,000 0 0

CERTIFICATES. I, Burnet Murray Litchfield, 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. 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 6th day of June, 1907. date thereof. W. Callbnder, General Manager. 3. That I have verified so much of the cash, investments, securities, and assets of the bank F. E. Corkill, Accountant as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had access lo 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 7th day of June, 1907. B. M. Litchj-ikld, Chief Auditor.

Approximate Cost of Paper — Preparation, uot given; printing (1,600 copiesi. £2 139.

By Authority : John Ma< kay, Government Printer. Wellington.—l9o7.