8.—15.

"B."— Profit and Loss.

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By Authority : W. A. G. Skinner, Government Printer, Wellington.—l 927.

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3

£ s. d. £ s. d. | £ s. d. £ s. d. £ s. d. Dividend on preference B shares .. .. .. 120,809 7 2 j Balance at 31st March, 1926.. .. .. .. .. 1,183,877 0 9 Dividend on ordinary share capital .. . . .. 250,000 0 0 Amount transferred to Reserve Fund .. . . . . 247, 689 4 0 618,498 11 2 Balance carried down .. .. .. .. .. .. 565,378 9 7 £1,183,877 0 9 £1,183,877 0 9 Twelve months' interest on guaranteed stock .. .. .. 21,199 8 7 Balance brought down .. .. .. .. .. 565,378 9 7 Dividend paid, 4th December, 1926 — Profits for year ended 31st March, 1927, including On preference A shares, £500,000 .. .. .. 50,000 0 0 recoveries, and after- payment of and provision On preference B shares, £1,375,000 .. .. 41,666 13 4 for all interest due and accrued on deposits, On ordinary shares, £3,750,000 .. .. .. 250,000 0 0 provision for bad and doubtful debts, and other 341,666 13 4 contingencies, for the annual donation to the Balance, being profit oil the ordinary operations of the bank Provident Fund, also for bonus to staff .. 1,830,881 1 10 for the year .. .. .. .. '.. 847,670 18 8 Surplus on realization and on maturity of GovernTo which has to be added — ment and other securities .. .. .. 143,420 8 5 Surplus on realization and on maturity of Government 1,974,301 10 3 ! and other securities .. .. .. .. 143,420 8 5 Less — Amount brought forward from last year .. .. 565,378 9 7 Salaries and allowances at Head Office and 228 branches and agencies .. .. .. 448,484 16 4 1,556,469 16 8 Directors' remuneration, including London Less dividend paid, as above.. .. .. .. 341,666 13 4 Board .. ' .. .. 8,786 6 2 1,214,803 3 4j General expenses, including rent, stationery, telegrams, postages, travelling, repairs to premises, &c. .. .. .. .. 151,311 3 4 Audit Expenses Account .. .. 2,687 19 8 Rates and taxes .. .. .. .. 350, 740 9 1 962,010 14 7 1,012,290 15 8 £1,577,669 5 3 £1,577,669 5 3 Reserve Fund. £ s. d. £ s. d. Balance .. .. .. .. .. .. .. 3,025, 000 0 0 Balance as per last statement .. .'. . . . . .. 2,825, 000 0 0 Amount to be added from profits for year ended 31st March, 1927 .. .. 200,000 0 0 £3,025,000 0 0 £3,025,000 0 0 CERTIFICATES. I, Arthur Richard Wenman Pennefather Green, the Chief Auditor of the Bank of New Zealand, We hereby certify that, having carefully examined the foregoing balance-sheet (marked " A ") do hereby certify — and statements, we are satisfied that they have been correctly compiled from the books and accounts 1. That, having carefully examined the foregoing balance-sheet (marked "A") and statements, of the bank, and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and I am satisfied that they have been correctly compiled from the books and accounts of the bank. exhibits a true and correct view of the state of the bank's affairs at the date thereof. 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. Dated this 31st day of May, 1927. 3. That I have verified so much of the cash, investments, securities, and assets of the bank as Buckleton, General Manager, at the date of the said balance-sheet were held at the Head Office in Wellington, and have had access A. Bath, Accountant. 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 1st day of June, 1927. A. P. Greejs t , Chief Auditor.