BALANCE-SHEET OF THE BANK OF NEW ZEALAND AS AT 31st MARCH, 1936.

Appendix to the Journals of the House of Representatives, 1936 Session I, B-15

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1936. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND AS AT 31st MARCH, 1936.

Laid before both Houses of the General Assembly in pursuance of Section 24 "of the Bank of New Zealand and Banking Amendment Act, 1898.

BANK OF NEW ZEALAND. Incorporated by Act of the General Assembly, 29th July, 1861.

Authorized Capital. £ s. d. Preference A shares —500,000 at £1 .. .. .. .. •• •• 500,000 0 0 C long-term mortgage shares —468,750 at £1 .. .. .. . ■ •• 468,750 0 0 D long-term mortgage shares —937,500 at £1 .. .. .. • • • • 937,500 0 0 Preference B shares—l,37s,ooo at £1 .. .. .. • • •• 1,375,000 0 0 Ordinary shares—3,7so,ooo at £1 .. .. .. .. .. 3,750,000 0 0 £7,031,250 0 0 Subscribed Capital. £ s. d. Preference A shares issued to the New Zealand Government .. .. .. 500,000 0 0 C long-term mortgage shares issued to the New Zealand Government .. .. 234,375 0 0 D long-term mortgage shares . . • • ■ ■ • ■ • • • • 468,750 0 0 Preference B shares issued to the New Zealand Government .. .. .. 1,375,000 0 0 Ordinary shares .. .. .. v • • • • • • • .. 3,750, 000 0 0 £6,328,125 0 0 Capital paid up. £ s. d. Preference A shares issued to the New Zealand Government .. .. .. 500,000 0 0 C long-term mortgage shares issued to the New Zealand Government .. .. 234,375 0 0 D long-term mortgage shares .. .. • • • • • • • • 468, 750 0 0 Preference B shares issued to the New Zealand Government .. .. .. 1,375,000 0 0 Ordinary shares .. .. . • • • • • • • • • .. 3, 750,000 0 0 £ s. d. 6,328,125 0 0 Reserve Fund .. .. •• •• 3,575,000 0 0 Undivided profits .. .. . • • • • • 339, 100 7 9 3,914,100 7 9 £10,242,225 7 9

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BANK OF NEW ZEALAND. Balance-sheet at 31st March, 1936. „ . Liabilities. . , Capital— £ s d £ s d * -Assets. """ " """"»"" miM , „' '' goto, E ra „B,„k With b«,k„ .. «,«1.141 0U £ *SSL£r' c — »—► -«— mmu , Zealand Government 234,375 0 0 Balances due by other banks .. .. " " 54 558 9 1 M 468 ' 75 ° ° ° Money at call and short notice, Government securities and ' reference B fully paid £1 shares issued to the New Zealand other securities in London 8 172 420 0 8 nniH -p'l' 1 " " " " ® Bills receivable in London and in transit .. .. .. 7 4 - P ares •• • • •• 3,750,000 0 0 New Zealand Government securities .. .. 3,397,057 19 6 Rpsprrp Tnnrl 6,328,125 0 0 Australian Government securities .. .. .. 4^587 \Bl3 7 0 tnno (prmmnrim™ AK + ' i"" " " " 3,575,000 0 0 Municipal and other local bodies' securities .. .. 318 345 16 1 Z'Z - 0 transit between branches Jsl'Jtl 'l 1 j'T"* •• -":::: :: :: 35 ° 5 I B m s discounted .. .. 21 ill'mVl u 5 .Balances due to other banks 70 i n x, a i *' •* 4y0,0y/ 4 0 Bilk nnvnblc anrl ,-,+w u.miw ■ij- " ..V. . ' ' 73,034 1 7 Uther advances and securities and debts due to the bank, after deducting proReservt f t and other llabllltles (: including provision for contm g encies) .. 3,759,174 11 6 vision for bad and doubtful debts .. gP 21 683 676 2 6 * :: :: :: :: S;S» I :: mBs i i £51,811,281 8 9 £51,811,281 8 9 Long-term Mortgage Department. Long-term Mortgage Fund— £ g 3 £ a P ita J •• .. 703,125 0 0 Loans -.. .. qs/l-w 19 Debenture stock 607 050 0 Q Transfers to bank " ;; " ' " 7 7 £1.310.175 0 0 1,310,175 0 0 This is the balance-sheet referred to in the certificate on attached Profit and Loss Statement marked IB."— A. Hempton, Chief Auditor.

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Profit and Loss. £ s. d. £ s. d. £ s d dividend on C long-term mortgage shares .. .. .. 7,031 5 0 Balance at 31st March, 1935 .. .. .. .. .. 628 997 0 6 Dividend on D long-term mortgage shares .. .. .. 17,578 2 6 ' Dividend on preference B shares .. .. .. .. 68,750 0 0 Dividend on ordinary share capital .. .. .. .. 187,500 0 0 280,859 7 6 Balance carried down .. .. .. .. .. .. .. 348,137 13 0 £628,997 0 6 £628,997 0 6 Dividend paid 7th December, 1935— £ s. d. £ s. d. £ s "cT Dividend on preference A shares .. .. .. .. 50,000 0 0 Balance brought down .. .. .. .. 348 137 13 0 Interim dividend on C long-term mortgage shares .. .. 7,031 5 0 Profits for year ended 31st-March, 1936, including recoveries, and Interim dividend on D long-term mortgage shares .. . . 17,578 2 6 after payment of and provision for all interest due and accrued Interim dividend on preference B shares .. .. .. 31,250 0 0 on deposits, provision for bad and doubtful debts, depreciation Interim dividend on ordinary shares .. .. .. 187,500 0 0 of furniture, and for the annual donation to the Provident £ s. d. 293, 359 7 6 Fund are . . . . .. .. 1 508 982 9 7 Balance, being profit for the year .. .. .. .. 565,181 9 9 Less ' ' To which has to be added: Amount brought forward from last Salaries and allowances at Head Office and £ s. d. 3' ear •• •• •• ■■ •• 348,137 13 0 225 branches and agencies .. .. 526,181 12 11 Directors' remuneration, including Loudon 913,319 2 9 Board and local directors in Australia .. 10,049 0 2 Less dividend paid, as above .. .. .. .. 293,359 7 6 General expenses, including rent, stationerv, 619,959 15 3 telegrams, postages, travelling, repairs to premises, &c. .. .. .. 113,247 15 4 Audit Expenses Account .. .. 3,130 0 0 Rates and taxes .. .. .. 291,192 11 5 943,800 19 10 565,181 9 9 £913,319 2 9 £913,319 2 9

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Reserve Fund. £ s. d. SBalance .. .. .. .. .. .. 3,575,000 0 0 Balance per last statement .. .. .. . • •• 3,575,000 0 0 £3,575,000 0 0 £3,575,000 0 0 Note.—London assets are shown in this balance-sheet in sterling, and no provision has been made for their appreciation in their relation to New Zealand currency, apart from an adjustment for London exchange transactions for the year. CERTIFICATES. We hereby certify that, having carefully examined the foregoing balance-sheet (marked " A ") 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 18th day of May, 1936. " F _ w _ Dawbot> General Manager _ A. W. Hall, Accountant. I, Arthur Lewis Hempton, the Chief Auditor of the Bank of New Zealand, do hereby certify— 1. That, having carefully examined the foregoing balance-sheet (marked " A ") 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 aftairs at the date thereot. 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, m VV ellmgton, 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 23rd day of May, 1936. A - Hemptok, Chief Auditor. Approximate Cost of Paper.—Preparation, not given ; printing (444 copies), £4.

Bv Authority: G. H. Loney, Government Printer, Wellington.— 1936.

Price 3d.]

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