Page 14 Advertisements Column 1

New Zealand Tablet, Volume XI, Issue 2, 4 May 1883, Page 14

tIANK OF NEW ZEALAND. HALF-YEARLY MEETING. The Half-yearly General Meeting of Shareholders was held at the Banking-house, Queen street, Auckland, on April 20 at noon, the Hon. James Williamson in the chair. The General Manager (Mr. D. L. Murdoch) read the advertisement calling the meeting, also the minutes of the last half-yearly general meeting, and the report and balance-sheet as follows :— Forty-third Beport 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 Friday, April 20, 1883. The operations of the past half-year enable the Directors to place before the Shareholders the following satisfactory result : — The net profit for the half-year ended 31st March, after full appropriation for all known bad and doubtful debts, and in reduction of Bank premises and furniture accounts, amounts to ... £89,525 18 1 To which has to be added balance from the halfyear ended 30th September, 1882 9,925 9 11 Giving * total available for division of £99,451 8 0 Which it is proposed be now appropriated as follows :—: — To payment of dividend at the rate of 10 per cent, per annum £50,000 0 0 To bonus of 5s per share, equal to 5 per cent, per annum 25,000 0 0 To balance carried to profit and loss new acconnt ... 24,451 8 0 : £99,451 8 0 The dividend and bonus will be payable at the Head Office, Auckland, to-morrow (Saturday), the 21st inst., and at Branches on receipt of advice. For the Board of Directors. JAMES WILLIAMSON, President. Aggregate Balance-sheet of the Bank of New Zealand at 21st March, 1883, including London Office at 31st January, 1883. Liabilities. Dr. £ s. d. Capital paid up ... ... ... 1,000,000 0 0 Reserve Fund ... ... ... 600,000 0 0 Notes in circulation ... ... ... 562,564 0 0 Bills payable in circulation ... ... 1,889,600 17 10 Deposits and other liabilities ... ... 8,380,930 13 10 Balance of profit and loss ... ... ... 99,541 8 0 £12,532,546 19 8 ABSETS. Cr. £ s. d. Coin and cash balances at bankers ... 1,157,175 3 4 Money on short call in London ... 225,720 0 0 Bullion on hand and in transit ... 159,232 14 11 Government securities ... ... 316,777 5 0 Bills received and securities in London ... 2,042,229 17 7 Bills discounted, and other debts due to the Bank 8,389,802 910 Landed property, Bank premises, etc. ... 241,609 9 0 £12,532,546 19 8 Profit and Loss Account. Dr. £ s. d. To dividend on 100,000 shares of £10 each, at rate of 10 per cent, per annum ... 50,000 0 0 To bonus at rate of 5s per share, equal to 5 per cent, per annum ... ... ... 25,000 0 0 To balance carried to profit and loss new account ... ... ... 24,451 8 0 £99,451 8 0 Cr. £ s. d. By balance from half-year ended 30th September, 1882 ... ... .... 9,925 9 11 By net profit for half-year ended 31st March, 1883 89,525 18 1 £99,451 8 0 Reserve Fund. Dr. £ g. d. To balance ... ... >*. ... 600,000 0 0 £600,000 0 0 Or. £ s. d. By balance from last statement ... ... 600,000 0 0 £600,000 0 0 We hereby certify that we have examined the accounts of the Bank of New Zealand for the half-year ended 31st March, 1883, ahd that we have counted the cash balances and examined the bills and other securities held at the head office, and compared the returns 'of