Page 2 Advertisements Column 3

Gisborne Standard and Cook County Gazette, Volume V, Issue 661, 19 September 1891, Page 2

THE UNION BANK OE AUSTRALIA, LIMITED. PAID-UP CAPITAL, £1,500,000; RESERVE FUNDS, £1,000,000 Together .. .. .. .. .. .. 2,500,000 RESERVED LIABILITY OF PROPRIETORS .. .. 3,000,000 TOTAL CAPITAL & RESERVE FUNDS .. £5,500,000 [From the “ Money Market Review ” of August 1, 1891.] f I HIE annual general meeting of this com- £llss per share, which will absorb £105,000, -L pany was held on Monday at the as offices, Bank-buildings, Lothbury, under careful investigation, made sufficient reserve the Presidency of Mr Arthur Flower. for all doubtful dependencies. Mr William Mr W. R. Mewburn, the manager, read Oswald Gilchrist and Sir Charles Nicholson, the notice calling the meeting. Bart., are the directors who retire by rotaThe report of the directors and statements tion, in accordance with the deed of settleof accounts presented as follows were taken ment, and they now offer themselves for and read. “The directorshave to submit re-election. The bank’s auditors, Mr Albert to the shareholders the annexed balance- Deacon and Mr Frederick Whinney, also sheet of the bank to the 28th of February retire, and offer themselves for re-election, last, duly audited, which exhibits a net The dividend warrants will be transmitted amount of profits, inclusive of the balance i by poet on the 29th inst, and the dividend brought forward from previous half-year, of I will be payable on such date in the colonies £121,003 5s 3d, admitting of a dividend at as the general manager may fix after the rate of 14 per cent, per annum) equal to | receipt of telegraphic advice. The Union Bank of Aubtbalia, Limited, Balance-sheet, February 28, 1891. Liabilities. Capital.. •• .. •• •• •• £4,500.000 0 0 Less—-ReHerve liability .. • • . • 3,000,000 0 0 Paid up £1,500 000 0 0 Reserve funds .. .. .. • • •• •• •• 1,000,000 0 0 Of which there is invested in Imperial Guaranteed Four per Cent Debentures £200.000 0 0 India Government Sterling Stock ~ 50,000 0 0 Colonial Government and Municipal Debentures .. ... •• •• 250,000 0 0 Bank Premises and property, as per contra •• •• •• •• •• 465,837 1 7 Circulation 1i ? Deposits (including inscribed stock deposits) 14,156,972 11 4 Bills payable, and other liabilities (including reserves held against doubtful debts) .. .. •• 2,565,794 17 0 Balance of undivided profits •• •• 121.003 o 3 £19,790,968 3 7 [There is a contingent liability in respect of the subscription of £lOO,OOO to the guarantee of November 18, 1890, in the matter of Baring Brothers and Go’s, estate.] ... ••• Assets. Specie on hand and cash balances •• ? *2 Bullion on band and in transitu ... .. • • •• •• 108,741 3 J Money at call and short notice in London • • •• •• JOO.ooo u u Government and municipal securities «• .» •• •• *«1»7.4i0 1 u Bills receivable, loans, and other securities at London office .« 2 1 379,848 10 2 Bills discounted, bills receivable, loans, and other securities A nt the ’? 2 Bank premises &nd property .. ... .. •• •• 465,837 1 7 £19,790,968 3 7 STAfsstßNt or Pisonr, Balanee o! undivldel profits &t August 31, « n Out of which a dividend was declared of ■ ■ ■ • • • • • 105,000 0 0 Leaving a balance of ■■ ■> .. . • £16,155 6 0 Profits of the past half-year, alter making provision for all bad and doubtful debts £200,029 8 5 Less.. Remuneration to the local directors, and salaries and allowances to the colonial stall £63,740 1 4 General expenses in the colonies, including rent, taxes, stationery, <fea., .. ■. 25,520 19 3 Remuneration to the board of directors and auditors, salaries of London office staff, rent, taxes, stationery, and general expenses 12,822 4 7 Income tex .. .. .. 2,098 4 0 — 104,181 9 2 104,847 19 3 Bahnee ot undivided profits at this data .. •• •• •• £121,003 S 8 London. July 14, 1891, Arthur Flower 1 ) B. J. Ashton (, C. E. Bbioht I Directors. H. P. Stebgis J W, R Mbwbubn, Mana?er. T. C. Savndbbs, Accountant. We certify that the various securities held in London have been produced to us, and that we have examined the balance books of the several branches in the colonies for the six months ended 28th February, 1891, and the books and accounts of the London office for the same period, and having compared the combined results with the above balance-sheet, have found the same correct. Fbbdk. Whinney, Chartered Accountant) Albert Deacon J Auditors.