BANK OF NEW ZEALAND.
A SUCCESSFUL YEAR. Press Association. ■ WELLINGTON, June 15. Tho .balance-sheet of the Bank of New Zealand for the year ending March 31 shows that after providing for interest on 'guaranteed stock (£-10,000), and reduction of hank premises and furniture (£20,000), the balance of profit for the year is £309,922. To this has to he added £31,675 brought forward from last vtar. making ■ £311,597. An interim dividend, absorbing £50.000, had-been -paid during the year, leaving available -for distribution £295,597. This the directors propose to distribute as follows: In payment of a dividend of 2j per cent, on preference shares, making 7j per c.ent. for the year, £125,000; dividend of 5 per cent, on ordinary shares, making 10 per cent, for the year, £25,000; transfer to reserve £200,000, making the reserve £450.000, and to carry’ forward £54,097.
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Gisborne Times, Volume XXVI, Issue 2218, 16 June 1908, Page 2
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139BANK OF NEW ZEALAND. Gisborne Times, Volume XXVI, Issue 2218, 16 June 1908, Page 2
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