B—ls

14

"B" . BANK OF NEW ZEALAND— continued Balance-sheet at 31st March, 1949— continued Profit and Loss Dividend on 0 long-term mortgage shares 6,503 18 1"* ' Balance at 31st March, 1948 .. Dividend on D long-term mortgage shares 16,259 15 3 .... ''_"_____ Dividend on preference B shares .. 25,000 00 ~ . ?fi „. f . 7~Z Dividend on ordinary shares .. .'. 150,000 0 0 _l_T 197,763 13 4 f «' ' , Balance carried down 430,976 16 3 Balance brought down 430 976 16 3 _ Profits for year ended 31st March, 1949, £628,740 9 7 including recoveries, and after payment ======== of and provision for all interest due and ™ -a r> v, m,o „ accrued on deposits, provision for bad Dividend paid December, 1948- £ s . d . £ s. d. and doubtful debts and other continDividend on preference A shares 46,250 0 0 gencies and for the annual donation to Interim dividend on C long-term the Provident Fund are .. •> 473 798 11 J mortgage shares .. .. 6,503 18 1 Less— £ s a *>*' o,,vo Interim dividend on D long-term Salaries and allowmortgage shares 16,259 15 3 ances at Head Interim dividend on preference B Office and 272 « hares r ~ ■■ ~ •■ ..■ 21,875 0 0 branches and Interim dividend on ordinary shares . . 131,250 0 0 agencies .. 895 335 I 0 re , , . . ± . , 222,138 13 4 Directors' reBalance, being profit for the year .. 399, 980 11 3 m ut n e r a t i on, 1 o which has to be added amount brought including I on forward from last year .. .. 430,976 16 3 don Board and ' local Directors , ~ ~ , .., ' 830,957 7 6 in Australia .. 10,200 0 0 Less dividend paid, as above .. 222,138 13 4 General expenses, 608,818 14 2 including rent, stationery, telegrams, postages, travelling, repairs to premises, depreciation, &c . . 306,300 10 3 Audit Expenses