B. -15.

3

B.—Profit and Loss, 31st March, 1913.

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By Authority : John Mackay, Government Printer, Wellington.—l9l3.

CERTIFICATES.

I, Burnet Murray Litchfield, 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, 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 bank. ; accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, properly 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 drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. thereof. 3. That I have verified so much of the cash, investments, securities, and assets of the bank j Dated this sth day of June, 1913. as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had i E. M. S. W. Gai.i,endeb, General Manager, access to certified returns of so much thereof as were then held at the various branches and agencies |; A. P. W. A. MoLennan, for Accountant, of the bank, or were then in transit. I Dated this 6th day of June, 1913. B. M. Litchfield, Chief Auditor.

I, Burnet Murray Litchfield, 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 j; of the bank, or were then in transit. I Dated this 6th day of June, 1913. B. M. Litchfield, Chief Auditor,

£ s. d. ! £ s. d. I £ s. d. Dividend at the rate of 4 per cent, (making 10 per cent, for the year ! Balance, 31st March, 1912 ended 31st March, 1912) on £500,000 preference shares issued to the Crown in terms of the Bank of New Zealand Act, 1903 .. j 20,000 0 0 Dividend at the rate of 6 per cent, on £500,000 ordinary share : capital .. .. .. .. .. .. .. 30,000 0 0 i Bonus at the rate of 3 per cent, on £500,000 ordinary share capital (making 15 per cent, for the year ended 31st March, 1912) .. 15,000 0 0 Amount transferred to Reserve Fund .. .. .. .. 200,000 0 0 I 1 265,000 0 0 Balance carried down ... .. .. .. .. .. 40,587 18 5 £305,587 13 5 Twelve months' interest on guaranteed stock .. ..' .. .. 40,000 0 0 Balance brought down Amount written off bank premises and furniture .. .. .. 40,000 0 0 Profits for year ended 31st March, 1913, including Interim dividend paid 5th December, 1912— recoveries, and after payment of and provision 6 per cent, on preference shares, £500,000 .. .. .. 30,000 0 0 for all interest due and accrued on deposits, pro- i 6 per cent, on ordinary shares, £500,000 ... .. .. 30,000 0 0 vision for bad and doubtful debts, and for annual 1 60,000 0 0 donation to the Provident Fund .. .. 66 Balance, being net profit for year .. .. .. .. 302,530 1 9 j LessAmount brought forward from last year .. .. .. 40,587 13 5 I Salaries and allowances at Head Office and 194 ; branches and agencies .. .. .. j 188,662 19 6 343,117 15 2 ' Directors'remuneration, including London Boards 3,250 0 0 Less interim dividend paid, as above .. .. ..j 60,000 0 0 General expenses, including rent, stationery, | 283,117 15 2 telegrams, postages, travelling, repairs to premises, &c. .. .. .. .. 50,742 18 0 Audit Expenses Account .. .. .. I 2,247 15 7 Rates and taxes .. .. .. ..I 59,37111 3 3C £ 86,80 04,27 35 75 s. a. [ 6 1 4 4 £305,587 13 5 40,587 13 5 £ s. d. 305,587 13 5 £305,587 13 5 40,587 13 5 382,530 1 9 686,805 6 1 304,275 4 4 £423,117 15 2 j J 382,530 1 9 £423,117 15 2 £423,117 15 2 Reserve Fund. I Balance £ s. a. 1,375,000 0 0 Balance, per last statement .. Amount to be added from profits for year ended 31st March, 1913 £ . s. d. .. 1,200,000 0 0 175,000 0 0 £1,375,000 0 0 £1,375,000 0 0