B.—15.

BANK OF NEW ZEALAND. Balance-sheet at 31st March, 1940. Liabilities. Assets. Capital— ' £ s. d. £ s. d. Preference A fully paid £1 shares issued to the New Zealand £ s. d. £ s. d. Coin, Reserve Bank notes, and deposits with bankers .. 10,825,108 16 8 Government .. .. .. .. .. 500,000 0 0 Government notes : Commonwealth, Fijian, and Samoan C long-term mortgage fully paid £1 shares issued to the Administration . . . . . . . . .. 85,493 0 0 New Zealand Government .. .. .. 234,375 0 0 Balances due by other banks .. .. .. .. 154,930 0 6 D long-term mortgage fully paid £1 shares .. .. 468,750 0 0 Money at call and short notice, Government securities and Preference B fully paid £1 shares issued to the New Zealand other securities in London .. .. .. .. 6,066,263 2 10 Government .. .. .. .. .. 1,375,000 0 0 Bills receivable in London and in transit .. .. .. 19 7 Ordinary fully paid £1 shares .. .. .. 3,750,000 0 0 New Zealand Government securities (including £1,000,000 6,328,125 0 0 free-of-interest loan) .. .. .. .. 8,530,195 17 10 Reserve Fund (invested in British Government securities) .. .. .. 3,575,000 0 0 Australian Government securities .. .. .. 453,931 6 5 Long-term mortgage debenture stock .. .. .. .. .. 500,000 0 0 Municipal and other local bodies'securities .. .. 6 7 Notes in circulation .. .. .. .. .. .. .. 627 0 0 Remittances in transit between branches .. .. .. 1,859,458 16 7 Deposits .. .. .. .. .. .. .. .. 36,422,293 4 11 28,405,000 7 0 Balances due to other banks .. .. .. .. .. .. 22,286 0 1 Bills discounted .. .. .. .. .. .. .. 428,008 1 0 Bills payable and other liabilities (including provision for contingencies) .. 4,981,663 19 4 Other advances and securities and debts due to the bank, after Reserve for taxes .. .. .. .. .. .. .. 426,000 0 0 deducting provision for bad and doubtful debts .. .. .. 22,531,587 17 3 London Office acceptances under credits .. .. .. .. 75,988 16 8 Landed property, premises, &c. .. .. .. .. .. .. 753,158 13 11 Transfers from long-term mortgage department .. .. .. .. 391,715 8 6 Liabilities of customers for acceptances, per contra .. .. .. 75,988 16 8 Balance of Profit and Loss .. .. .. .. .. .. 673,169 6 4 Long-term mortgage department .. .. .. .. .. 1,203,125 0 0 £53,396,868 15 10 £53,396,868 15 10 Long-term Mortgage Department. Long-term Mortgage Fund— ............ £ s. d. £ s. d. Capital .. .. .. .. .. .. .. .. 703,125 0 0 Loans .. .. .. .. .. .. .. .. .. 811.409 11 6 Debenture stock .. .. .. .. .. .. .. 500,000 0 0 Transfers to bank .. .. .. .. .. .. .. 391,715 8 6 £1,203,125 0 0 £1,203,125 0 0 This is the balance-sheet referred to in the certificate on attached Profit and Loss Statement marked " B."— A. Hempton, Chief Auditor.

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