B—ls

BANK OF NEW ZEALAND— continued Long-term Mortgage Department £ s. d. £ s * d* Long-term mortgage fund: Capital .. .. .. 703,125 0 0 Loans .. .. .. .. •• ® ® 8 6 Transfers to bank .. .. .. .. •• 114,496 11 9 £703,125 0 0- £703,125 0 0 Profit and Loss £ s. d. £ s. d. £ s. d. Dividend on C long-term mortgage shares 6,152 6 10 Balance at 31st March, 1945 .. .. .. 556,255 10 8 Dividend on D long-term mortgage shares 15,380 17 2 Dividend on preference B shares .. 25,000 0 0 Dividend on ordinary shares .. .. 150,000 0 0 196,533 4 0 Balance carried down .. .. • • 359, 722 6 8 £556,255 10 8 £556,255 10 8 Dividend paid December, 1945 £ s. d. £ s. d. Balance brought down .. .. 359,722 6 8 Dividend on preference A shares 43,750 0 0 i £s. d. Interim dividend on C long-term Profits for year ended 31st March, 1946, mortgage shares .. .. 6,152 6 10 including recoveries, and, after pay - Interim dividend on D long-term ment of and provision for all interest mortgage shares .. .. 15,380 17 2 due and accrued on deposits, provision Interim dividend on preference B for bad and doubtful debts, and for shares .. .. •• 18, 750 00 the annual donation to the Provident Interim dividend on ordinary shares 112,500 0 0 Fund are .. .. .. 2,099,046 7 0 196,533 4 0 LessBalance, being profit for the year .. 394,079 3 8 Salaries and allowTo which has to be added amount brought ances at Head forward from last year .. .. 359,722 6 8 Office and 209 branches and £ s. d. 753,801 10 4 agencies .. 665,230 16 2 Less dividend paid as above . . .. 196,533 4 0 Directors' re- _ 557,268 6 4 muneration,

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