3

8.—15.

B.—Profit and Loss, 31st March, 1916.

Approximate Cost of Paper. —Preparation, not given ; printing (750 copies), £3.

By Authority : Marcus F. Mabks, Government Printer, Wellington.—l9l6.

Price 3d.]

£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Dividend at the rate of 4 per cent, on £500,000 "A" preference . Balance, 31st March, 1915 .. .. .. .. .. 270,394 10 9 shares issued to the New Zealand Government in terms of the > Bank of New Zealand Act, 1903 .. .. .. .. 20,000 0 0 Dividend at the rate of 6 per cent, on £250.000 " B " preference shares issued to the New Zealand Government in terms of the Bank of New Zealand Act, 1913 .. .. .. .. 15,000 0 0 Bonus at the"rate of 3 per cent, on " B " preference shares .. 7,500 0 0 Dividend at the rate of 6 per cent, on ordinary share capital .. 57,868 0 8 Bonus at the rate of 3 ner cent, on ordinary share capital .. 28,391 18 0 Amount transferred to Reserve Fund .. .. .. .. 84,463 12 10 213,223 11 6 Balance carried down .. .. .. .. .. .. 57,170 19 3 £270,394 10 9 £270,394 10 9 Twelve months' interest on guaranteed stock .. .. .. .. 21,292 2 10 Balance brought down .. .. .. .. .. 57,170 19 3 Amount written off bank premises and furniture .. .. .. 50,000 0 0 Profits for year ended 31st March, 1916, including Interim dividend paid 4th December, 1915 — recoveries, and after payment of and provision 6 per cent, on " A" preference share-, £500,000 .. .. 30,000 0 0 for all interest due and accrued on deposits, pro6 per cent, on " B" preference shares, £250,000 .. .. 15,000 0 0 vision for bad and doubtful debts, for annual 6 per cent, ordinary shares .. .. .. .. .. 59,297 10 6 donation to Provident Fund, and for bonus to 104,297 10 6 staff .. .. .. .. .. .. 801,337 6 4 Balance, being net profit for year .. .. .. .. 285,800 17 8 Less — Amount brought forward from last year .. .. .. 57,170 19 3 Salaries and allowances at Head Office and 216 branches and agencies .. .. .. I 221,184 12 3 342,971 16 11 Directors'remuneration, including London Board 4,250 0 0 Less interim dividend paid, as above .. .. .. 104,297 10 6 General expenses, including rent, stationery, 238,674 6 5 telegrams, postages, travelling, repairs to premises, &c. .. .. .. .. 79,432 18 7 Audit Expenses Account .. .. .. 2,280 15 0 Rates and taxes .. .. .. .. 137,096 0 0 444,244 5 10 357,093 0 6 £414,263 19 9 £414,263 19 9 357,093 0 £414,263 19 9 Reseeve Fund. Balance £ s. d. 2,062,141 7 3 Balance, per last statement .. Premium on new shares issued, less expenses of issue Amount to be added from profits for year ended 31st March, 1916 £ s. d. .. 2,000,000 0 0 12,141 7 3 50,000 0 0 £2,062,141 7 3 £2,062,141 7 3 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 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 bank. accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, properl) 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 datf drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. thereof. 3. That I have verified so much of the cash, investments, securities, and assets of the bank Dated this 27th day of May, 1916. as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had A. E. Mills, Acting General Manager, access to certified returns of so much thereof as were then held at the various branches and agencies A. McLennan, Accountant, of the bank or were then in transit. Dated this 29th day of May, 1916. B. M. Litchfield, Chief Auditor.