630 



The Review of Reviews. 



Deeembtr 1, 19')6. 



THE COLONIAL BANK OF AUSTRALASIA LTD. 



THE TWENTY. SEVENTH REPORT OF THE DIRECTORS 



Of 

 THE eOLONIHL BANK OF HUSTRnLHSIA LIMITED. 



To be Presented to the Shareholders at the Twenty-seventh Ordinary General Meeting, to be held at the Bank, 126 

 Elizabeth-street, at noon on Tuesday, October 30th, 1906. 



REPORT 



The Directors bes to submit to the shareholders their twenty-seventh report, with a balance-sheet and statement 

 of profit and loss for the half-year ended September 30th. 1906. duly audited. 



After providing for expenses of management, interest accrued on deposits, rebate on bills current, 

 tax on note circulation, and making provision for bad and doubtful debts, the net profit amounted to £19.578 16 7 

 Brought forward from March 31st, 1906 4,195 13 10 



„.^. , , J. £23,774 10 5 



Which the directors propose to apportion as follows, viz. : — 



Dividend at the rate of 6 per cent, per annum on preference shares £9.121 6 5 



Dividend at the rate of 6 per cent, per annum on ordinary shares ■ .. .. 4,057 1 11 



To reserve fund 10,000 



Balance carried forward 596 2 1 



£23 774 10 5 



In view of the increase in the reserve fund to £100,000, and the continued prosperity of the bank, the directors 

 have ple.isnre in recommending an increase in the dividend on both preference and ordinary shares from 5 per cent, 

 to 6 per cent, per annum. 



During the half-year branches of the bank were opened at Goroke and Lindenow. 



The dividend will be payable at the head office on and after the 31st inst., and at the branches on receipt of 

 advice. 



The twenty-seventh ordinary general meeting of shareholders will be held at the head office of the Company. 126 

 Elizabeth-street, il el bourne, on Tuesday, the 30th day of October, 1906. at noon. 



By order of the Board. 



Melbourne. October 18th. 1906. SELBY P.\XTOX. GeQe^.^I Manager. 



Dp.l 



BALANCE-SHEET OF THE COLONIAL BANK OF AUSTRALASIA LIMITED 

 Fop the Half-Year Ending 30th September, 1906. 



Cr. 



To Capital paid-up, viz. ; — 

 31,184 Preference Shares, paid 



in cash to £9 15s £304,044 



77,278 Ordinary Shares paid 



in cash to £1 15s 135,236 10 



-£439,280 10 







10 

 

 9 



Reserve fund 100,000 



Profit and loss 13.774 



Notes in circulation 111,035 



Bills in circulation 131,726 



Government deposits — 

 Not bearing interest, £34,- 

 808 8s. 7d. ; bearing inte- 

 rest, £474,893 6s. 8d £509,701 15 3 



Other deposits — Rebate and 

 interest accrued — 

 Not bearing interest, £968,- 

 895 48. 9d. ; bearing inte- 

 rest, £1,436,965 16s. 2d. ..£2.405,861 11 



Contingent liabilities, as per contra 



-2,915,562 16 2 

 257,081 18 10 



£3,968.461 



By coin, bullion and cash at 



bankers £655.161 14 4 



British Consols. £70.668 15s. 

 2d., at £85 per cent., 

 £60,068 83. 9d.; Victoria 

 Government Stock and De- 

 bentures, Metropolitan 

 Board of Works, Municipal 

 and Savings Bank Deben- 

 tures, at valuation. £67.288 

 18s. 2d 127.357 6 11 



Bills and Remittances in 



transitu . , . . 

 Notes of other 

 Balances due 



Banks 



Stamps 



Banks . . . 

 from other 



174.125 15 

 2.175 1 



39.269 16 

 1.088 11 



-£999.178 5 6 



Real Estate, consisting of — 

 Bank premises at cost to new bank . . 196,648 16 8 

 Other real estate at valuation 53,544 7 5 



Bills discounted and other advances, ex- 

 clusive of provision for bad or doubtful 

 debts 2,461,736 19 7 



Shares in other companies at valuation - . 270 16 8 



Liabilities of customers and others in re- 

 spect of contingent liabilities, as per 

 contra 257,081 18 10 



£3.968.461 4 8 



PROFIT AND LOSS ACCOUNT. 



To Current expenses (including salaries, 



rents, repairs, stationery, etc.) £26,065 6 9 



Bank note tax 1.120 18 



Transfer to reserve fund 10.000 



Balance 13.774 10 5 



£50.960 15 2 



By Balance brought forward £4,195 13 10 



Gross profits tor the half-year, after allow- 

 ing for interest accrued on deposits, re- 

 bate on bills current, and making provi- 

 sion for bad and doubtful debts 46.765 1 4 



£50.960 15 2 



Note. — The customary Auditors' Report and the Directo rs' Statement, to comply with the 

 appear on the official report. 



Companies Act 1896, 



I 



