Page 20 Advertisements Column 1

New Zealand Tablet, Volume XII, Issue 29, 7 November 1884, Page 20

g A N X OF NEW ZEALAND. The half-yearly general meeting of shareholders was held at the Banking-house, Queen street, Auckland, on Tuesday, October 28, at noon. Dr. J. L. Campbell (chairman of directors) 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-sixth 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 Tuesday, October 28, 1884. The result of the operations of the fast half-year enables the directors to meet shareholders with the following report :— The net profit for the half-year ended September 30, after full appropriation ior all known bad and doubtful debts, and in reduction of Bank premises and furniture accounts, amounts to ... 82,688 17 3 To which has to be added— Balance from half-year ended March 31, 1"884 13,405 0 4 Giving a total available for division, of ... £96,093 17 7 Which it is proposed to appropriate 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 ... ... 21,093 17 7 — — — — — £96 093 17 7 The Dividend and Bonus will be payable at the Head Office, Auckland, to-morrow (Wednesday), the 29th inst. } and at Branches on receipt of advice. For the Board of Directors, J. Logan Campbell, Chairman. Aggregate Balance-sheet of the Bank of New Zealand at 30th September, 1884, including London Office at 31st July, 1884 •— Liabilities. Dr. £ s d Capital paid up ... ... 1,000,000 6 6 Reserve Fund ... ... '* 625000 0 0 Notes in circulation ... "' "" Kin'sifW n n Bills payable in circulation ... *" 141147? 0 7 Deposits and other liabilities ... *" ioW!l4 4 1 Balance of profit and loss ... ."; '96,093 17 7 £14,133,767 2 3 _ ABSBTS. £ s d Coin and Cash balances at Bankers ... 1086R41 9 0 Money on short call in London ... ... '658023 3 10 Bullion on hand and in transit .. 189*266 H fi Government secuiities ... '"' 800042 1 9 Bills receivable, and securities in London .'.'.' 1, 604422 3 0 .Bills discounted, and other debts due to the Bank 9,528,758 12 10 Landed property, bank premites, &c. ... 297,023 8 4 £14,133,767 2 3 Peofit akd Loss Account. Dr. „ , To dividend on 100,000 shares of £10 each; at rate " of 10 per cent, per annum ... 80 000 0 o To bonus at the rate of 5s per share, equal to 5 per cent, per annum ... ... * 25 000 0 0 To balance carried to Profit and Loss Account '.'.'. 21,093 17 7 £96,093 17 7 Cr. £ ~j" By balance from half-year ended 31st March, 1884 13,405 6 4 ila P year ended 30th September, 1884 ••• ••• ... ... 82,688 17 3 £96,093 17 7 Reserve Fund. Tobala g e 625,0&) 8 b d 6 By Balance from last half-year ... ... 625 000 0 0 B a T,wS^ reb ? C^ rti^ tbat . w ? bave examined the accounts of the Bank of fcew Zealand for the half-year ended 31st March 1884, and that we have counted the cash balances and examined the bills and other securities held at the Head Office, and compared the returns of WftE^fr,* 1111 ! 8t u atemetttß in the foregoing balance-sheet, and nave found the came to be correct. ( Si goed, Wm. Innes Taylob,) . ,. t J. L. WttsoN, \ Auditors inti J» h t!i Cliairman + * aid :~Gentlemen, yon are all more or less Sfy acquainted with the condition of business throughout New Zealand, and the influences which, for the past three years, have prejudicuUy affected it. These have so often been remarked on iroin this cbair that I need not weary you with any rendition : but ie attords me much gratification to be able to notice 'symptoms of returning prosperity. Very considerable relief has been effected by £L*S^ merchants' stocks throughout the Colony, and the aaore rapid and reliable communication eotabliabed With England by