8.—15.

3

B.—Profit and Loss, 31st March, 1917.

Price 3d.]

AvjiroTimate Cost of Paper. —Preparation, not given ; printing (650 conic-), £3

By Authority : Marcus F. Marks, Government Printer, Wellington.—l.9l7.

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 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, properly 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 date 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 2nd day of June, 1917. as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had W. Callendeb, General Manager, access to certified returns of so much thereof as were then held at the various branches and agencies A. MoLennan, Accountant. of the bank or were then in transit. Dated this sth day of June, 1917. B. M. Litchfield. Chief Auditor.

£ s. d. j £ s. d. £ s. d. Dividend at the rate of 4 per cent, on £500,000 " A " preference Balance, 31st March, 1916 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 tVie 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 .. 59,908 9 6 Bonus at the rate of 3 per cent, on ordinary share capital .. 29,801 10 0 Amount transferred to Reserve Fund .. .. .. .. 50,000 0 0 182,209 19 6 Balance carried down .. .. .. .. .. .. 56,464 6 11 £ s. d. £ a. d. 238,674 6 5 £238,674 6 5 Twelve months' interest on guaranteed stock .. .. .. .. 21,141 9 6 Balance brought down Amount written off bank premises and furniture .. .. .. 50,000 0 0 Profits for year ended 31st March, 1917, including Interim dividend paid 9th December, 1916 — recoveries, and after payment of and provision 6 per cent, on " A" preference shares, £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 had and doubtful debts, for annual 6 per cent, on ordinary shares, £1,000,000 .. .. .. 60,000 0 0 donation to Provident Fund and for a special 105,000 0 0 grant thereto, and for bonus to staff .. Balance, being net profit for year .. .. .. .. 365,489 19 2 Less — Amount brought forward from last year .. .. .. 56,464 6 11 Salaries and allowances at Head Office and 205 branches and agencies .. .. .. -248,515 7 2 421,954 6 1 Directors'remuneration, including London Board 4,250 0 0 Less interim dividend paid, as above .. .. .. 105,000 0 0 General expenses, including rent, stationery, 316,954 6 1 telegrams, postages, travelling, repairs to premises, etc. .. .. .. .. 74,735 1 5 Audit Expenses Account .. .. .. 2,727 7 0 Rates and tuxes .. .. .. .. 198,05119 4 ! £238,674 ' 6 5 56,464 6 11 964,911 3 7 528,279 14 11 436,631 8 8 ■248,515 7 2 4,250 0 0 74,735 1 5 2,727 7 0 198,051 19 i 528,279 14 11 436,631 8 8 £493,095 15 7 £493,095 15 7 £493,095 15 7 Resekve Fund. £ s. d. Balance .. .. .. .. .. .. .. .. .. 2,135,000 0 0 Balance, per last statement .. Amount to be added from profits for year ended 31st March, 1917 £-2,135,000 0 0 £ s. d. .. 2,062,141 7 3 72,858 12 9 £2,135,000 0 0