"DANK OP NEW ZEALAND. The ordinary Half-yearly General Meeting of the Proprietors was held yesterday in the Bank Buildings, Queen-street, Dr. Campbell in the chair. The General Manager (Mr. D. L. Murdoch) read the advertisement convening the meeting, the minutes of the previous half-yearly general meeting, and of the special meeting held afterwards on the same day ; also, the report and balance-sheet as follows :—: — Thirty-fourth Report of the Directors op the Bank op New Zealand, to the Half-yearly General Meeting of the Proprietors, held at the Banking-house, Auckland, on Tuesday, 29th October, 18/8. The Directors have again to congratulate shareholders on the favourable result of another half-year's operations. The net profit at 30th September, after making very full appropriations for all bad and doubtful dependencies, and in reduction of Bank premises and furniture, amounts to ... £83,280 5 3 To which has to be added — Balance of undivided profit at 31st March, 1878 - £4,983 3 9 Making a total available for division of - £88,263 9 0 The following appropriation of which is now recommended — To payment of dividend at the rate of 10 per cent, per annum £3G,250 0 0 To bonus of ss. per share, equal to ;"> per cent, per annum - £18,125 0 0 To proposed increase to reserve fund - - - £20,000 0 0 To balance carried to profit and loss new account - - £8,888 9 0 £88,2G3 9 0 The dividend and bonus will be payable at the head office, Auckland, on Thursday, 31st October, and at the branches on receipt of advice. For the Board of Directors. J. Logan Campbell, President. Aggregate Balance-Sheet of the Bank of New Zealand at 30th September, IS7S, including London Office at 31st July, 1878 :— Dr - £ s. d. Bank Stock ..... 725,000 0 0 Reserve Fund - - ... 325,000 0 0 Notes in circulation - ... 484,856 0 0 Bills payable in circulation - - . . 1,795^108 3 1 Deposits and other liabilities ... 8,136,147 15 6 Balance of profit and loss at March 31st, 1878 - 4,983 3 9 Net profit for half-year - ... 83,280 5 3 £11,554,375 7 7
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https://paperspast.natlib.govt.nz/periodicals/NZT18781108.2.34.1
Bibliographic details
New Zealand Tablet, Volume VI, Issue 288, 8 November 1878, Page 17
Word Count
335Page 17 Advertisements Column 1 New Zealand Tablet, Volume VI, Issue 288, 8 November 1878, Page 17
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