B—ls

As from Ist April, 1946, the five-day week for banks in New Zealand was inaugurated, and 3 o'clock closing on week-days was reverted to. This has proved to make for very busy working-days, but our staff have worked loyally and well, and the Board again wishes to place on record its high appreciation of the services of the staff in New Zealand, Australia, Fiji, Samoa, and London. For and on behalf of the Board of Directors, A. T. Donnelly, Chairman. Head Office, Bank of New Zealand, Wellington. 28th May, 1947.

"A" BANE OF NEW ZEALAND Incorporated by Act of the General Assembly, 29th July, 1861 Authorized Capital £ s. d. Preference A shares —500,000 at £1 .. .. .. .. 500,000 0 0 C long-term mortgage shares—46B,7so at £1 .. .. .. 468,750 0 0 D long-term mortgage shares —937,500 at £1 .. .. .. 937,500 0 0 Preference B shares—l,37s,ooo at £1 .. .. .. .. 1,375,000 0 0 Ordinary shares —3,750,000 at £1 .. .. .. .. 3,750,000 0 0 £7,031,250 0 0 Subscribed Capital £ s. d. Preference A shares .. .. .. .. .. .. 500,000 0 0 C long-term mortgage shares .. .. .. .. .. 234,375 0 0 D long-term mortgage shares .. .. .. .. .. 468,750 0 0 Preference B shares .. .. .. .. .. .. 1,375,000 0 0 Ordinary shares .. .. .. .. .. .. 3,750,000 0 0 £6,328,125 0 0 Paid-up Capital £ s. d. Preference A shares .. .. .. .. .. .. 500,000 0 0 C long-term mortgage shares .. .. .. .. .. 234,375 0 0 D long-term mortgage shares .. .. .. .. .. 468,750 0 0 Preference B shares .. .. .. .. .. .. 1,375,000 0 0 Ordinary shares .. .. .. .. .. .. 3,750,000 0 0 6,328,125 0 0 £ s. d. Reserve Fund .. .. .. .. 3,575,000 0 0 Undivided profits .. .. .. .. 399,208 3 2 3,974,208 3 2 £10,302,333 3 2

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