BANK OF NEW ZEALAND.
By. Telegraph—Press Association— Wellington, last night. The annual report of the directors of the Bank of New Zealand states that the profits, after providing for expenses of management, donation to provident fund (£1650), and for all bad and doubtful debts in the Bank’s current business, are £290,690 12s Id. From this has to be deducted interest on £2,000,000 guarantee stock, £50,000, leaving the balance of available profits £210,590 12s Id. Of this sum the directors have allocated in reduction of Colonial Bank property and premises account J 65000, in reduction of Bank of New Zealand property, premises, and furniture £IO,OOO 12s Id, total £15,000 123 Id, leaving a balance in profit and loss of £195,590. This the directors proposed should be disposod of as follows : Statutory payment to Assets Realisation Board £50,000, dividend at the rate of 5 per cent for the year ended 81st Starch, on share capital with calls paid up (£423,590) £21,180, leaving a surplus payable to the Assets Realisation Board in terms of the Bank of New Zealand and Banking Account Act, 1895, section 11, £124,410.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/GIST19030702.2.37
Bibliographic details
Ngā taipitopito pukapuka
Gisborne Times, Volume X, Issue 931, 2 July 1903, Page 4
Word count
Tapeke kupu
184BANK OF NEW ZEALAND. Gisborne Times, Volume X, Issue 931, 2 July 1903, Page 4
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in