8.—15.

1909. NEW ZEALAND.

BALANCE-SHEET OF THE BANK OF NEW ZEALAND FOR THE YEAR ENDED 31st MARCH, 1909.

Laid before Parliament in pursuance of Section 24 of " The Bank of Net Zealand and Banking Act Amendment Act, 1898."

8.—15

2

BANK OF NEW ZEALAND. A.—Balance-sheet at 31st March, 1909.

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8.—15.

a. S-' » !> I > CD 2 5 CD p o 3 CD c*i* 5' era l—■ O 2 CD — CO g to CO en

. £ CERTIFICATES. I, Burnet Murray Litchfield, the Chief 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, properly 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 Ist day of June, 1909. as at the date of the said balance-sheet were held at the Head Office in Wellington, and have had W. Callendeb, General Manager, aooesa to certified returns of so much thereof as were then held at the various branches and agencies . F. A. Macbban, Accountant, of the bank, or were then in transit. Dated this 2nd day of June, 1909. B. M. Litchfield, Chief Auditor.

B.—Profit and Loss, 31st March, 1909.

Dividend at the rate of 2J per cent, (making 7J per cent, for the year ended 31st March, 1908), on £500,000 preference shares issued _ to the Crown in terms of " The Bank of New Zealand Act, 1903 " Dividend at the rate of 5 per cent, (making 10 per cent, for the year ended 31st March, 1908), on £500,000 ordinary share capital .. Amount transferred to Reserve Fund I ■ £ s. d. 12,500 0 0 25,000 0 0 200,000 0 0 £ s. d. ' 237,500 0 0 54,097 19 7 Balance, 31st Maroh, 1908 £ s. d. £ s. d. £ s. d.. 291,597 19 7 291,597 19 7 Balance carried down Twelve months' interest on guaranteed stock Amount written off bank premises and furniture Interim dividend paid 7th December, 1908 —. 5 per cent, on preference shares, £500,000 5 per cent, on ordinary shares, £500,000 291,597 19 7 40,000 0 0 15,000 0 0 Balance brought down Profits for year ended 31st March, 1909, including recoveries, and after payment of and provision for all interest due and accrued on deposits, provision for bad and doubtful debts, for donation to the Provident Fund, and for bonus to staff .. 54,097 19 7 25,000 0 0 25,000 0 0 . Balance, being net profit for year Amount brought forward from last year .. . 313,150 13 11 54,097 19 7 367,248 13 6 50,000 0 0 50,000 0 0 Less — Salaries and allowances at Head Office and 150 branches and agencies Directors' remuneration, including London Board General expenses, including rent, stationery, travelling, repairs to premises, &c. Audit Expenses Account Rates, taxes, telegrams, and postages 603,296 0 7 : 317,248 13 6 147,536 9 6 3,250 0 0 Less interim dividend paid, as above 37,609 0 0 1,896 5 0 44,853 12 2 235,145 6 8 368,150 13 11 £422,248 13 6 l I I £422,248 13 6 Reserve Fund. Balance £ s. d. 650,000 0 0 Balance, per last statement Amount to be added from profits for year ended 31st March, 1909 £ s. d. 450,000 0 0 200,000 0 0 £650,000 0 0 £650,000 0 0