3

8.—15.

B.—Profit and Loss, 31st March, 1922.

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Dividend on £500,000 preference " A " shares .. Dividend on £625,000 preference " B " shares .. Dividend on ordinary share capital Amount transferred to Reserve Fund Balance carried down Twelve months' interest on guaranteed stock Amount written off bank premises and furniture Dividend paid 17th December, 1921— On preference " A " shares, £500,000.. on preference " B " shares, £625,000 On ordinary shares, £2,250,000 Balance, being net profit for year Amountjbrought forward from last year Less dividend paid, as above £ s. d. < £ s. d. £ a . d. ! £ s. d. £ s. d. 6,250 0 0 Balance at 31st March. 1921 .. .. .. .. .. 726 900 16 9 40,625 0 0 .. 168,750 0 0 .. j 150,000 0 0 365,625 0 0 361,275 16 9 £726,900 16 9 726,900 16 9 21,199 10 2 Balance brought down .. .. .. .. .. 361,275 16 9 50,000 0 0 Profits for year ended 31st March, 1922, including recoveries, and after payment of and provision 50,000 0 0 for all interest due and accrued on deposits, 21,875 0 0 provision for bad and doubtful debts, and other 131,250 0 0 contingencies, for the annual donation to the 203,125 0 0 Provident Fund, for special grant to increase .. 632,042 14 6 pension benefits, also for bonus to staff .. .. 1,809,255 14 7 .. 361,275 16 9 Less— ; ; Salaries and allowances at Head Office and 213 993,318 11 3 branches and agencies .. .. .. j 377,514 3 6 .. j 203,125 0 0 Directors'remuneration, including London Board 7,275 0 0 : 790,193 11 3 General expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises, cfec. .. .. .. .. 139,879 19 1 Audit Expenses Account .. .. .. 3,504 12 0 Rates and taxes .. .. .. .. 577,839 15 4 1,106,013 9 11 , 703,242 4 8 £1,064,518 1 5 £1,064,518 1 5 ,242 4 £1,064,518 1 Reserve Fund. Balance & s. d. 1,675,000 0 0 Balance, per last statement .. Amount to be added from profits for year ended 31st March, 1922 £ s. d .. 1,525,000 0 t 150,000 0 ( £1,675,000 0 0 £1,675,000 0 C CERTIFICATES. I, Robert Arthur Holmes, the Assistant 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, properlv 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 24th day of May, 1922. as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had H. Buckeeton, General Manager, access to certified returns of so much thereof as were then held at the various branches and agencies , A. H. Bath, Accountant, of the bank or were then in transit. Dated this 27th day of May, 1922. R. A. Holmes, Assistant Auditor.