Page 17 Advertisements Column 1

New Zealand Tablet, Volume VII, Issue 368, 7 May 1880, Page 17

"DANK OF NEW ZEALAND. The ordinary Half- Yearly Meeting of the Shareholders was held on April 22nd, the Hon. James Williamson (President), in the The General Manager. (Mr. D. L. Murdoch) read the advertisement convening the meeting, also the Half-Yearly Report and Balance-Sheet, as follows :— Thibtt-SEVENTH Report of the Directors of the Bank of New Zealand, to the Half -Yearly General Meeting of the Proprietors, held at the Banking House, Auckland, on Thursday, 22nd April, 1880. The Directors have the satisfaction of submitting the following § result of the past half-year's operations :— r The net profit on 31st March, after fully providing for all bad or doubtful dependencies, and for the usual reductions in Bank premises and furniture accounts, amounts to ... ... £74,10117 4 To which has to be added — Premium obtained on sale of balance of new shares 17,193 0 0 Balance from half-year ending 30th September Making a total available for division of ... £97,185 3 9 Which it is now recommended be appropriated as follows — To payment of dividend at the rate of 10 per cent, per annum ... ... ...£50,000 0 0 To bonus of ss. per share, equal to 5 per cent, per annum ... 25,000 0 0 To balance carried to profit and loss new account... ... 22,185 3 9 £97,185 3 9 The dividend and bonus will be payable at Head Office Auckland, on Saturday, the 24th April, and at Branches on receipt o f advice. For the Board of Directors. James Williamson, President. Aggregate Balance-Sheet of the Bank of New Zealand, At the 31st March 1880, including London Office at 31st January, 1880. LIABILITIES. Dr. £ s. d. Capital 1,000,000 0 0 Reserve Fund ... ... ... ... 555,000 0 0 Notes in circulation... ... ... ... 497,361 0 0 Bills payable in circulation ... ... ... 1,337,451 6 1 Deposits and other liabilities... ... ... 7,629,811 9 0 Balance of profit and loss ... ... ... 97,185 3 9 £11,116,808 19 7 Assets. Cr. ■ £ s. d. Coin and Cash Balances at Bankers ... ... 2,114,667 0 0 Money on short calls in London ... ... 875,456 0 0 Bullion on hand and in transitu ... ... 119,549 15 4 Government Securities ... ... ... 282,532 10 0 Bills receivable, and Securities in London ... 1,081,433 9 7 Bills discounted, and other Debts due to the Bank 6,454.979 11 2 Landed Property, Bank Premises, etc.... ... 188,19113 6 £11,116,808 19 7 Pkofit and Loss Account. Dr. £ s. d. To dividend on 100,000 shares, of £10 each, at the rate of 10 per cent, per annum ... 50,000 0 0 To bonus at rate of ss. per share, equal to 5 per cent, per annum ... ... ... 25,000 0 0 To balance carried to profit and loss, "New Account*' ... ... ... ... 22,185 3 9 £97,185 3 9 Or. £ s. d. By balance from half-year ended 30th September, 1879 ... ... ... ... 5,890 6 5 By premium on balance of New Shares sold ... 17,193 0 0 By net profit for half-year ended 31st March 1880 74,101 17 4 £97,185 3 9 — Resebve Fund. Dr. £ s. d. To balanoe... ... ... ... ... 555,000 0 0 £555,000 0 0 Cr. £ s. d. By balance from half-year ended 20th September, 1879 ... ... ... ... 555,000 0 0 £555,000 0 0 We hereby certify that we have examined the Accounts of the