Adcciii^^cmcnts. 



Union Bank of Newfoundland, 



T 



FORTIETH ANNUAL REPORT. 

 HE Directors have ]ileasiire in siibiiiittiug to tlii' Propiietors the Fortieth 

 Annual Report ami the Alistraet Statement of the affairs of the Bank, 

 for the year ending :Jlst May, 1S!)4. 



The net Profits for the year, alter all deductions for ex]ieiises of man- 

 agement, reljate on local bills discounted not yet <lue, comjiuted interest 

 on deiiosit receipts oiitstamling, and allowing for all bad and doulitful 

 debts, arc $8(5,475.16 ; making, witli *9,-244.B:J balance at credit of Profit 

 and Loss Account last year, a total for ilistril)ution of ■S'!)r),719-7!', which 

 your Directors have a|i]>ro])riateil as follows, viz. : — 

 For Diviilend of G ]ier cent, paid in Decemi)er last ... ... •'S27,3ri0 00 



For Dividend of ti per cent, to be i>aid on "^Oth instant ... 27,3fiO 00 



For a Bonus of -S'S per share to be jjaid on "iOth instant ... 13,680 00 



To Reserve Fund -20,000 00 



Leaving a Ijalant'e at credit of Profit and Loss A'-count of ... 7,319 79 



•'?9.".,719 79 



GENERAL STATEMENT. 

 I>I.\BILITIKS. 



I'o Proprietors' capital ... 



•' Reserve Fund 



" Profit and Loss (undivided ]irotit) ... 



" Bank Notes in cii'culation ... 



" Due by Bank, including deposits at interest, jiayable iu 



.Jan'y and July only on receiving 1.') (Uiys' notice ... 

 " Dividend No. 78, of (i ])er I'ent. for half-vear 



ending 30th November, 1893 ... '...$27,360 00 

 " Diviilend No. 79, of ti ))er cent, for half-vear 



ending 31st May, 1894 ' ... 27,360 00 



" Bonus No. 36, of ■S'3 jier share, for half-vt'ar 



ending .31.st Mav, 1894 ' ... 13,680 00 



$4.16,000 00 



320,000 00 



7,319 79 



616,080 00 



3,01."., 30.') .59 



•'>^6S,400 00 

 Less Dividend to 30th Novcndjcr la.st paid . 27,360 00- 



ASSETS. 

 l^y Specie, in Vault of flic Bank 



" Notes of other Baulks 



" Bills disi-ounted, loans, X'c. 



" Balances due by Banks and funds availalile in 1.") 

 • " Bank pruniises, iron safes and fiii'nitnrc ... 



41,040 00 

 .$4, 4. v.. 74.". 38 



.sl9ii,974 82 



517 00 



2,881,671 72 



1,360,.-.81 84 



16,000 00 



.$4,4.-'.:. 745 38 



St .lolm's, 31.st -May, 1894. 



(\ s. i'i\si:\r, y 



