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8.—15.

CERTIFICATES. I, Richard Waine Gibbs, 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 accounts I am satisfied that they have been correctly compiled from the books and accounts of the bank. of the bank, and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, properly : a true and correct view of the state of the bank's affairs at the date thereof, drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. Dated this 4th day of .Tune, 1921. 3. That I have verified so much of the cash, investments, securities, and assets of the bank as at H. Buckleton, General Manager, the date of the said balance-sheet were held at the Head Office in Wellington, and have had access A. H. Bath, Accountant. 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 6th day of June, 1921. Richard W. Gibbs, Chief Auditor. '

B.—Profit and Loss, 31st March, 1921.

Approximate Cost of Paper. —Preparation, not given ; printing (500 copies), £5 15s.

By Authority : Marcus F. Marks, Government Printer, Wellington.—l92l

Price 3d. ]

Dividend on £500,000 " A " preference shares Dividend on £250,000 " B " preference shares Bonus on " B " preference shares Dividend on ordinary share capital Bonus on ordinary share capital Amount transferred to Reserve Fund 1 ■ • I £ s. d. 20,000 0 0 18,750 0 0 10,000 0 0 75,000 0 0 40,000 0 0 150,000 0 0 £ s. d. Balance at 31st March, 1920 .. £ s. d. £ s. d. £ s. d. 460,270 2 3 £ s. d. £ s. d. 460,270 2 3 Balance carried down £ 313,750 0 0 146,520 2 3 £460,270 2 3 r.i«n or/ a o o £460,270 2 3 £460,270 2 3 £460,270 2 3 . __= Twelve months' interest on guaranteed stock Amount written off bank premises and furniture Interim dividend paid 11th December, 1920 — On " A " preference shares, £500,000 On " B " preference shares, £250,000 On ordinary shares, £1,500,000 .. 43,750 0 0 21,875 0 0 131,250 0 0 21,199 10 11 50,000 0 0 21,199 10 11 50,000 0 0 196.875 0 0 Balance brought down Profits for year ended 31st March, 1921, including recoveries, and after payment of and provision for all interest due and accrued on deposits, provision for bad and doubtful debts, and other contingencies, for the annual donation to the Provident Fund, also for bonus to staff Less — Salaries and allowances at Head Office and 211 branches and agencies Directors' remuneration, including London Board General expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises, &c. .. .. .. Audit Expenses Account Rates and taxes 146,520 2 3 1,844,017 2 2 355,174 11 5 6,650 0 0 145,905 4 11 2,737 0 11 485,094 19 6 196,875 0 0 Balance, being net profit for year Amount brought forward from last year 777,255 14 6 146,520 2 3 „ „ 777,255 14 6 146,520 2 3 i»o,o/o u u Less interim dividend paid, as above 923.775 16 9 I 196,875 0 0 923,775 16 9 196,875 0 0 726,900 16 9 £994,975 7 8 995,561 16 9 848 455 5 :i ! S4S,4oo O O £994,975 7 Reserve Fuxd. £ s. d. Amount transferred to Capital Account at 31st December, 1920, in terms of section 4 of Bank of New Zealand Act, 1920 Balance 1,125,000 0 0 1,525,000 0 0 Balance, per last statement Amount to be added from profits for year ended 31st March, 1921 £ s. d 2,500,000 0 ( 150,000 0 ( £2,650,000 0 0 £2,650,000 0 (