Page 11 Advertisements Column 2

New Zealand Tablet, Volume XIII, Issue 30, 20 November 1885, Page 11

IJJANK OF NEW ZEALAND. THE HALF-YEARLY MEETING of tbe Proprietors of the Bank of New Z-aland was held in the B mking-house, Qutan street at noon on October 29. The Hon. James Wiiliam«oa, M L 0.! President of the B ard of Directors, occupied the chair. Mr. D. L. Murdoch, general manager, read the advertisement convening the meeting, and the minott-s of the last half-yearly general meeting, whica were confirmed and signed by the chairman. He also read the 48th Report and Balance-sheet us follows : FOBTT-MOHT RttPOKT OF THK DIBBOTORB OF THK BANK OF NEW Zealand to the H.lf-yearly General Meeting of the Proprie. tors, held at tbe Baukiug-hoase, Aucklaud, on Thursday, the 29tn October, 1885. The Directors, in again meeting Shareholders, submit the remit of the half-year's operations, as follows :— Tbe net profit for the half-year ended 30th Sep. tember, after full appropriation for all known bad and doubtful debts, and in reduction of Bank premises and furniture accounts, amounts to ••• ... ... ... ... £76,960 19 4 To which has to be added— Balance from halfyear ended 31st March, 1885 ... ... 25,14118 4 Giving a total available for division of ... ... £102,102 17 8 Which it is proposed to appropriate as follows ;— '" To payment of Dividend at tbe rate of 10 per cent, per «»num £50,000 0 0 To Bonus of 6s per share, equal to 5 per cent, per annum ... 25,000 0 0 To balance carried to Profit and Loss New Account 27,102 17 8 £102,102 IT 0 The Dividend and Bonus will be payable at the Head Office, Auckland, on Friday, the 30-h inst.,and the Branches on receipt of advice. For the Board of Directors. JAMES WILLIAMSON, President. Aoobeoatb Balancb-shbet of the Bank of New Zealand at 30tb September, 1885, including London Office at 3lst July, 1885. Liabilities. „ . Dr - & s. d. Capital paid up ... ... ... ... 1,000,000 0 0 Reserve Fund ... ... . . ... 6*25.000 0 0 Notes in Circulation ... ... ... 544.310 0 9 B IU Payabl.- in Circulation ... ... ... 1.74&253 7 3 Deposits and other liabilities ... ... 10,807,895 4 0 Balance of Profit and Loss ... ... ... 102,102 17 8 £14,827,561 8 11 Assets. Cr - & b. d. Coin an<i Cash Balances at B inkers ... ... 1,052,884 10 0 Money on Short Call in London ... ... 813!317 0 0 Bullion on lia d %n<\ in transit ... ... 233,663 13 0 Government Securities .. ... ... 730 288 7 2 RilU Receivable and Securities in Londoo ... 1,0713.12 6 7 Bills Discounted, and other De ts due to the Bank 10,598,300 15 4 Lauded Property, Bank Piemises, otc. ... 327,774 16 10 £14 827,561 8 11 Pbofit and Loss Account. Dr - & s. d. To Dividend on 100,000 shires of £10 each at the rate of 10 per cent, per annum ... ... 50,009 0 0 To Bonus at the rat« of 6s per sbara, equal to 6 per cent, per annum ... ... ... ... 25,000 0 6 To Balance carried to Profit and Loss New Account 17,102 17 8 £102,102 17 8 011 £ s. d. By Balance from half-year ended 31st March, 1885 25,141 18 4 By Net Pioflt for half-year ended 30th Beptember, 1886 ••• ••• — ... ... 76,960 19 i £102,102 17 8 Rmkbte Fund. To Balance ... ... ... ... ... 625,000 0 0 Cr - £ s. d. By Balance from last half-year ... ... ... 625,000 0 0 We hereby certify that we have examined the accounts of the Bank of New Zealand for the half-year ended SO.h September, 1885, and tbat we have counted the cash balnnoes and examined tht bills and other secmities held at tbe bead office, and compared the returni of the branches with tbe statements in the foregoing balance-sheet, and have found tbe same to be correct. (Signed) ik^jg*} Auditor* The Chairman, in moving the adoption of the report amd baiance-sbeet. said : Gentlemen, it will no doubt be a source of satie-f-KMion to you, as it is to the Board of Directors, to flud that notwithstanding tbe lonc-oOTtdnoed depmsion which has bora ex> ttertenoad tbrttigfcrt* tta cotobiett, %sd which hiM mo*j c* k*a fcro