BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1899.

Appendix to the Journals of the House of Representatives, 1899 Session I, B-15

8.—15.

1899. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1899.

Laid before Parliament in pursuance of Section 53 of " The Bank of New Zealand and Banking Act, 1895."

WELLINGTON. 1899.

8.—15

2

C G T This is the balance-sheet referred to in certificate on attached profit and loss statement marked "B."— A. MACINTOSH, Chief Auditor. R W G Accountant.

BANK OF NEW ZEALAND.— A. Balance-sheet, 31st March, 1899.

B.—Profit and Loss, 31st March, 1899.

Liabilities. Capital— £ s. d. £ s. d. Four-per-cent. Guaranteed Stock .. .. .. 2,000,000 0 0 Preferred shares issued to Crown .. .. .. 500,000 0 0 Ordinary capital called up under "TheBank of New Zealand and Banking Act, 1895 ".. 500, 000 0 0 Amount paid to date .. .. 412,354 6 10 412,354 6 10 Assets. £ s. d. Coin and cash balances at banker's Bullion on hand and in transit Money at call and short notice, bills receivable, and securities in London Investments in the colonies — Colonial Government securities Assets Realisation Board debentures Municipal securities Other securities .. . £ s. d. ; £ s. d. 1,190,321 9 3 94,599 3 2 2,912,354 6 10 678,248 18 5 1,805,285 6 9 19,553 6 1 37,200 0 0 1,803,395 17 1 Nominal reserve liability on shares .. 626,783 17 1 2,540,287 11 3 1,613,911 3 9 4,025,235 16 0 Reserve Fund invested in New Zealand Consols Notes in circulation Bills payable in circulation.. Deposits Other liabilities .. .. .. .. .. , Bills rediscounted .. .. .. .. :. Balance of Profit and Loss .. .. .. 23,474 7 4 666,223 0 0 698,355 2 6 7,834,480 16 6 164,627 7 6 4,768 3 11 50,000 0 0 Bills discounted Other advances and securities and debts due to the bank Estimated amount recoverable on account of first call, reserve liability Landed property, premises, <feo. Bank of New Zealand Estates Company (Limited), "Assets in Liquidation " (book value) Bank of New Zealand Estates Company Limited), " Debenture Conversion Account" (originally £68,445) .. Colonial Bank, property and premises (book value) Colonial Bank purchase," Goodwill Account" (originally £75,000) .. 425 7 7 415,576 14 10 ■ 455,063 6 8 £ 50,009 13 8 95,457 1 4 70,000 0 0 £ 12,354,283 4 7 12,354,283 4 7

£ s. d. £ s. d. £ s. d. £ s. d. 74,900 0 1 Net balance of profits at 31st March, 1898, paid to Assets Realisation Board in terms of " The Bank of New Zealand and Banking Act, 1895," section 11—viz., £50,000, and £24,900 0s. Id. arrears to 31sfc March, 1898 Twelve months' interest on guaranteed stock Twelve months' dividend to 31st March, 1899, on preferred-share capital Amount written off Bank of New Zealand Estates Company (Limited) " Assets in Liquidation " .. Amount written off Bank of New Zealand Estates Company (Limited) "Debenture Conversion Account " .. Amount written off Colonial Bank Purchase, " Goodwill Account" Balance for year ended 31st March, 1899 74,900 0 1 80,000 0 0 17,500 0 0 30,617 3 2 8,302 16 11 5,000 0 0 50,000 0 0 Balance from year ended 31st March, 1898 Profits for year ended 31st March, 1899, including recoveries, and after payment of and provision for all interest due and accrued on deposits and provision for bad and doubtful debts in current business Less — Salaries and allowances at head office and 123 branches and agencies Directors'remuneration General expenses, including rent, stationery, travelling, &c. Audit expenses account Rates and taxes Compensation to late President for deprivation of office, in terms of subsection (2) of clause 8 of " The Bank of New Zealand and Banking Act Amendment Act, 1898 " .. ... 116,358 0 0 2,375 0 0 379,331 6 9 41,731 13 3 2,725 19 1 20,220 14 4 4,500 0 0 j 187,911 6 8 191,420 0 1 £266,320 0 2 £266,320 0 2

8.—16.

3

£ s. d. Balance from year ended 31st March, 1898 .. .. .. .. .. £23,474 7 4

£ s. d. Balance .. .. .. .. .. .. .. .. .. £23,474 7 4

We hereby certify that, having carefully examined the foregoing balance-sheet and statements, we are satisfied that they have been correctly compiled from the books and accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. Dated this 29th day of June, 1898. C. G. TEGETMEIER, General Manager. RICHARD W. GIBBS, Accountant.

I, Alexander Macintosh, the Chief Auditor of the Bank of New Zealand, do hereby certify,— 1. That, having carefully examined the foregoing balance-sheet marked " A " and statements, I am satisfied that they have been correctly compiled from the books and accounts of the bank. 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. 3. That I have verified so much of the cash, investments, securities, and assets of the bank as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had access to certified returns of so much thereof as were then held at the various branches and agencies of the bank, or were then in transit. Dated this 29th day of June, 1899. A. MACINTOSH, Chief Auditor.

Approximate Oo«t of Paper.— Preparation, not given printing (1,410 oopies), J52 18«.

By Authority: John Maokay, Government Printer, Wellington.—lB99. Price 3d.

Reserve Fund.