The Colonial Bank of New Zealand.

Second Report of the Directors, at the Half-Yearly General Meeting of the Proprietors, held at the Banking House, Dunedin, on Wednesday, 28th July, 1875 .

The Directors have pleasure in presenting to the Shareholders the accompanying Statement of Accounts, for the past six months ending the 30th June, and congratulate them upon the support and confidence of the public, as evidenced by the large increase in the Deposits, and in business generally.

The Profit and Loss Account, which shews a balance of / 4,723 18s. 10d., after paying all expenses, providing for bad and doubtful debts, and for accrued interest to date on Fixed Deposits, it is recommended should be carried forward to next half-year.

A Sub-Branch has been opened at Green Island, and the support already accorded promises success.

Mr. A. W. Morris left by the last San Francisco Mail, on the 3rd inst., to open the London Branch, in regard to which a Special Meeting of the Shareholders was held in May last.