3

8.—15.

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 ' Dated this sth day of June, 1919. as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had w - Callender, General Manager, access to certified returns of so much thereof as were then held at the various branches and agencies A. McLennan, Accountant, of the bank or were then in transit. Dated this 6th day. of June, 1919. B. M. Litchfiejcd, Chief Auditor.

B.—Profit and Loss, 31st March, 1919.

Approximate Cost of Paper. —Preparation, not given ; printing (750 copies), £5.

By Authority : Marcus P. Marks, Government Printer, Wellington.—l9l9.

Price, 3d.

I II • ... I £ s. d. £ s. d. £ s. d. £ s. d. Dividend at the rate of 4 per cent, on £500,000 "A" preference Balance at 31st March, 1918 .. shares issued to the New Zealand Government in terms of the Bank of New Zealand Act, 1903 .. .. .. .. 20,000 0 0 Dividend at the rate of 6 per cent, on £250,000 " B " preference shares issued to the New Zealand Government in terms of the Bank of New Zealand Act, 1913 .. .. .. .. 15,000 0 0Bonus at the rate of 3 per cent, on " B " preference shares .. 7,500 0 0 Dividend at the rate of 6 per cent, on ordinary share capital .. 60,000 0 0 Bonus at the rate of 3 per cent, on ordinary share capital .. 30,000 0 0 Amount transferred to Reserve Fund .. .. .. .. 65,000 0 0 : 1 197,500 0 0 Balance carried down .. .. .. .. .. .. 145,702 12 3 £ a. d. 343,202 12 3 £343,202 12 3 £343,202 12 3 I Twelve months' interest on guaranteed stock .. .. .. .. 21,199 10 10 Balance brought down Amount written off bank premises and furniture .. .. .. 50,000 0 0 Profits for year ended 31st March, 1919, including Interim aividend paid 7th December, 1918— recoveries, and after payment of and provision 6 per cent, on " A" preference shares, £500,000 .. .. 30,000 0 0 for all interest due and accrued on deposits, pro6 per cent, on " B " preference shares, £250,000 .. .. 15,000 0 Oj vision for bad and doubtful debts, for the annual 6 per cent, on ordinary shares, £1,000,000 .. .. .. 60,000 0 0: donation to the Provident Fund, and for a special 105,000 0 0 grant thereto, also for bonus to staff .. ..j .. 1,217,153 6 3 Balance, being net profit for year .. .. .. ..I 388,021 13 6 Less — Amount brought forward from last year .. .. ..I 145,702 12 3 ; Salaries and allowances at Head Office and 203 branches and agencies .. .. -.. I 0,572 5 6 533,724 5 9 Directors'remuneration, including London Board 4,650 0 0 Less interim dividend paid, as above .. .. .. 105,000 0 0 General expenses, including rent, stationery, 428,724 5 9 telegrams, postages, travelling, repairs to i premises, &c. .. .. .. .. 83,982 1 1 Audit Expenses Account .. .. .. : 2,455 2 7 Rates and taxes .. .. .. .. 386,272 12 9 — 757,932 1 11 £604,923 16 7 145,702 12 3 459,221 4 4 £604,923 16 7 459,221 4 4 £604,923 16 7 Eeserve Fund. Balance £ s. d. 2,350,000 0 0 Balance, per last statement .. Amount to be added from profits for ye.xr ended 31st March, 1919 £ a. d. .. 2,200,000 0 0 150,000 0 0 £2,350,000 0 0 £2,350,000 0 0