3

B—ls

" B."— iPaOFIT AND Loss. £ s. d. £ s. d. £ s. d. Dividend on C long-term mortgage shares .. .. .. 4,394 10 7 Balance at 31st March, 1928 .. .. .. .. .. .. 1,149,162 6 8 Dividend on I) long-term mortgage shares .. .. .. 10,983 19 8 Dividend on preference B shares .. .. .. .. 120,833 6 8 Bonus on preference B shares .. .. .. .. 18,750 0 0 Dividend on ordinary share capital .. .. .. 250, 000 0 0 Bonus on ordinary shares .. .. .. .. 37,500 0 0 Amount transferred to Reserve Fund .. .. .. 124,175 6 1 566,637 3 0 Balance carried down .. .. .. .. .. .. .. 582, 525 3 8 £1,149,162 6 8 £1,149,162 6 8 £ s. d. £ s. d. Twelve months' interest on guaranteed stock ' .. .. .. 21,199 8 11 Balance brought down .. .. .. .. .. .. .. 582,525 3]|8 Dividend paid, 8th December, 1928 Profits for year ended 31st March, 1929, after On preference A shares .. .. .. . . 50,000 0 0 payment of and provision for all interest due On C long-term mortgage shares .. .. .. 6,152 6 10 and accrued on deposits, and provision for On D long-term mortgage shares .. .. .. 15,380 17 2 bad and doubtful debts, and other contingenOn preference B shares .. .. .. .. 41,666 13 4 cies, for the annual donation to the Provident £ s. d. £ s. d. On ordinary shares .. .. .. .. .. 250,000 0 0 Fund, also for bonus to staff .. .. 1,916,600 6 8 363,199 17 4 Provision previously made for certain doubtful Balance, being profit on the ordinary operations of the bank advances not now required, and recoveries .. 212,004 18 0 for the year .. .. .. .. .. 912,953 17 9 2,128,605 4 8 To which has to be added— Less— Provision previously made for certain doubtful advances not Salaries and allowances at Head Office and 238 now required, and recoveries .. .. .. .. 212,004 18 0 branches and agencies .. .. .. 478,853 9 11 Amount brought forward from last year .. .. .. 582,525 3 8 Directors' remuneration, including London Board and local directors in Australia .. 9,520 16 8 1,707,483 19 5 General expenses, including rent, stationery, Less dividend paid, as above .. .. .. .. 363,199 17 4 telegrams, postages, travelling, repairs to 1,344,284 2 1 premises, &c. .. .. .. .. 157,396 4 4 Audit Expenses Account .. .. .. 2,810 0 0 Rates and taxes.. .. .. .. 333, 866 9 1 982,447 0 0 1,146,158 4 8 £1,728,683 8 4 £1,728,683 8 4