BANK OF NEW ZEALAND.
A SATISFACTORY BALANCESHEET. (Per Press Association.) WELLINGTON, June 4, The Bank of New Zealand balancesheet for the year ended March 31st shows that the profits, after making the usual allowances, amounted to £368,150, as against £369,922 for the previous year. From this has to be deducted interest on guaranteed, debentures £40,000, reduction of bank promises and furniture £15,000; Icavmg a balance of profit for tn° y e [[ r £313,150. To this has to he added tho balance brought forward from last year, £54,097; making a total of £367,248. The interim dividend at 5 per cent, already paid absorbed £50,000, leaving a balance of £317,248 available for distribution. This the difeotors propose to dispose of as follows : 3| per cent-divi-dend on preference shares, £18,750; o per cent, dividend on ordinary shares, £25,000; bonus of 2$ per cent on ordinary shares, £12,-500; transfer to reserve fund, £200,000 (making reserve fund £650,000); leaving a balancc to be carried forward of £60,990.
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Gisborne Times, Volume XXVII, Issue 2520, 5 June 1909, Page 5
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162BANK OF NEW ZEALAND. Gisborne Times, Volume XXVII, Issue 2520, 5 June 1909, Page 5
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