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8.—15

BANK OF NEW ZEALAND. Balance-sheet at 31st March, 1938. Liabilities. A sset-s. Capital— £ s. d. £ s. d. £ s. d. £ s. d. Preference A fully paid £1 shares issued to the New Zealand Coin, Reserve Bank notes, and deposits with bankers .. 6,103,579 8 8 Government .. .. .. .. .. 500,000 0 0 Government notes : Commonwealth, Fijian, and Samoan C long-term mortgage fully paid £1 shares issued to the Administration .. .. .. .. .. 150,867 10 0 New Zealand Government .. .. .. .. 234,375 0 0 Balances due by other banks .. .. .. .. 15,729 17 8 D long-term mortgage fully paid £1 shares .. .. 468,750 0 0 Money at call and short notice, Government securities and Preference B fully paid £1 shares issued to the New Zealand other securities in London .. .. .. .. 5,554,518 5 2 Government .. .. .. .. .. 1,375,000 0 0 Bills receivable in London and in transit .. .. 1,223,430 0 0 Ordinary fully paid £1 shares .. .. .. 3,750,000 0 0 New Zealand Government securities .. .. .. 5,390,347 0 7 6,328,125 0 0 Australian Government securities .. .. .. 2,239,634 3 3 Reserve Fund (invested in British Government securities) .. .. .. 3,575,000 0 0 Municipal and other local bodies'securities .. .. 275,575 17 10 Long-term mortgage debenture stock .. .. .. .. .. 607,050 0 0 Remittances in transit between branches .. .. 1,940,742 19 6 Notes in circulation .. .. .. .. .. .. .. 627 0 0 22,894,425 2 8 Deposits .. .. .. .. .. .. .. .. 34,731,532 4 7 Bills discounted .. .. .. .. .. .. .. 614,198 10 7 Balances due to other banks .. .. .. .. . . . . 51,402 13 4 Other advances and securities and debts due to the bank, after deducting proBills payable and other liabilities (including provision for contingencies) .. 4,582,270 16 1 vision for bad and doubtful debts .. .. .. .. .. 25,803,124 1 1 Reserve for taxes .. .. .. .. .. .. .. 426,000 0 0 Landed property, premises, &c. .. .. .. .. .. 733,937 16 1 London office acceptances under credits .. .. .. .. .. 61,263 19 4 Liabilities of customers for acceptances, per contra .. .. .. 61,263 19 4 Transfers from Long-term Mortgage Department .. .. .. .. 399,113 0 9 Long-term Mortgage Department .. .. .. .. .. 1,310,175 0 0 Balance of profit and loss .. .. .. .. .. .. 654,739 15 8 £51,417,124 9 9 £51,417,124 9 9 Long-term Mortgage Department. Long-term Mortgage Fund— £ s. d. £ s. d. Capital .. .. .. .. .. .. .. .. 703,125 0 0 Loans.. .. .. .. .. .. .. .. .. 911,06119 3 Debenture stock .. .. .. .. .. .. .. 607,050 0 0 Transfers to bank .. .. .. .. .. .. .. 399,113 0 9 £1,310,175 0 0 £1,310,175 0 0 This is the balance-sheet referred to in the certificate on attached Profit and Loss Statements marked " B."— A. Hempton, Chief Auditor.

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