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B.- 15.

CERTIFICATES. I, William Callender, the Chief Auditor of the Bank of New Zealand, do hereby certify,— We hereby certify that, having carefully examined the foregoing balance-sheet (marked " A ") 1. That, having carefully examined the foregoing balance-sheet (marked " A ") and statements, 1 and statements, we are satisfied that they have been correctly compiled from the books and I am satisfied that they have been correctly compiled from the books and accounts of the accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, properly bank. drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date 2. That I am also satisfied that the said balance-sheet is a full and fair balance-sheet, thereof. properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the Dated this 6th day of June, 1906. date thereof. ALEX. MICHIE, General Manager. 3. That I have verified so much of the cash, investments, securities, and assets of the bank ;| HENRY R. LAWRY, Acting Accountant, 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 Bth day of June, 1906. W. CALLENDER, Chief Auditor. f

B.—Profit and Loss, 31st March, 1906.

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£ s. d. Annual statutory payment at 31st March, 1905, paid to the Assets Realisation Board in terms of " The Bank of New Zealand Act, 1903," section 15 .. .. .. .. .. .. 50,000 0 0 Dividend at the rate of 5 per cent, for the year ended 31st March, 1905, on £500,000 preference shares issued to the Crown in ! terms of " The Bank of New Zealand Act, 1903 " .. .. 25,000 0 0 Dividend at the rate of 5 per cent, for the year ended 31st Marcb, 1905, on ordinary share capital paid up on that date (£452,370) 22,618 10 0 Balance of profits at 31st March, 1905, paid to the Assets Eealisation Board in terms of "The Bank of New Zealand Act, 1903," section 15 .. .. .. .. 156,31110 0 2i £ 253,930 s. a. ) o o £ s. d. £ s. d. £ s. d. Balance from year ended 31st March, 1905 .. .. .. 253,930 0 0 Profits for year ended 31st March, 1906, including recoveries, and after payment of and provision for all interest due and accrued on deposits, provision for bad and doubtful debts in current business, for donation to Provident Fund, and for bonus to staff .. .. .. .. : .. ! 529,017 6 9 253,930 0 0 40,000 0 0 15,000 0 0 500 0 0 500 14 3 274,329 0 0 £584,259 U 3 Less — Salaries and allowances at Head Office and 138 branches and agencies .. .. .. 127,834 3 10 Directors'remuneration, including London Board 3,000 0 0 General expenses, including rent, stationery, travelling, repairs to premises, &c... .. j 32,840 8 10 Audit Expenses Acoount .. .. .. 1,714 3 5 Rates, taxes, telegrams, and postages .. 33,298 16 5 198,687 12 6 Twelve months' interest on guaranteed stock Amount written off bank premises Amount written off Colonial Bank premises Amount written off Furniture Account Balance for year ended 31st March, 1906 .. .. .. .. 2 1 40,000 15,000 500 500 !74,329 ) 0 0 ) 0 0 ) 0 0 ) 14 3 ) 0 0 198,687 12 6 : . i ssn 9C!o. i/f a 330,329 14 3 330,329 14 3 J £51 584,259 ) U 3 !£584,259 14 3 Ebseevb Fund. Balance £ s. d. 81,294 10 3 Balance from year ended 31st March, 1905 Premium on forfeited shares reissued, credited in terms of " The Bank of New Zealand Act, 1903," section 21 £ s. d. 43,897 7 ( 37,397 3 i £81,294 10 i £81,294 10 3