B—ls

BANK OP NEW ZEALAND—continued " B " Profit and Loss £ s. d. £ s. d. £ g. d. Dividend on C long-term mortgage shares 6,503 18 1 Balance at 31st March 1949 .. .. .. 608,818 14 2 Dividend on D long-term mortgage shares 16,259 15 3 Dividend on preference B shares .. 21,875 0 0 £608,818 14 2 Dividend on ordinary shares .. .. 131,250 0 0 . 175,888 13 4 £ s. d. Balance carried down .. .. .. 432,930 0 10 Balance brought down .. .. .. .. 432,930 0 10 Profits for year ended 31st March, 1950, £ s. d. £6O8 ,818 14 2 including recoveries, and after payment of and provision for all interest due and Dividend paid December, 1949— £ s. d. £ s. d. accrued on deposits, provision for bad Dividend on preference A shares .. 46,250 0 0 and doubtful debts and other continInterim dividend on C long-term gencies and for the annual donation to mortgage shares .. .. 6,503 18 1 the Provident Fund are .. .. 2,456,399 3 2 Interim dividend on D long-term Less— £ s. d. mortgage shares .. .. 16,259 15 3 Salaries and AllowInterim dividend on preference B ances at Head shares .. .. .. 18,750 0 0 Office and 290 Interim dividend on ordinary shares .. 112,500 0 0 branches and 200,263 13 4 agencies .. 971,229 7 5 Balance, being profit for the year .. 403,660 7 5 Directors' reTo which has to be added amount brought muneration, forward from last year .. .. 432,930 0 10 including London Board and 836,590 8 3 local Directors Less dividend paid, as above .. 200,263 13 4 in Australia .. 9,495 4 4 636,326 14 11 General expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises, depreciation, &c. .. 358,495 17 11 Audit Expenses Account .. 3,436 11 4 Rates and taxes.. 710,081 14 9 2,052,738 15 9 403,660 7 5 £836,590 8 3 £836,590 8 3

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