16

1.—6

Aggregate Balance-sheet at 31st March, 1895. Liabilities. £ s. d. I Assets. £ a. d. Capital J Coin and cash balances at bankers .. 1,302,009 0 0-4-per-cent. guaranteed stock .. 2,000,000 0 0 Bullion in hand and in transit .. 92,185 0 0 100,000 shares of £5 ss. each .. 525,000 0 0 I Investments .. .. .. 880,213 0 0 50 000 shares of £7 10s. each .. 375,000 0 0 i Bills receivable and bills discounted 2,112,348 0 0 Call of 1895 account .. .. 159,745 0 0 I Other advances and securities and Notes in circulation .. .. 468,195 0 0 debts due to the bank, including Bills payable in circulation .. 1,486,891 0 0 £1,372,661 due by the Bank of New Deposits and other liabilities .. 7,141,755 0 0 Zealand Estates Company .. 5,123,002 0 0 Bank of New Zealand Estates Company shares, par value .. .. 1,850,000 0 0 Landed property, bank premises, &c. ' 419,931 0 0 Deficiency .. .. .. 376,898 0 0 £12,156,586 0 0 £12,156,586 0 0 Proformd balance-sheet of the Bank of New Zealand, after writing off bad and doubtful debts in accordance with auditors' estimate. J- M. Butt, Auditor. Statement of Profit and Loss Account for Year ended 31st March, 1895. Dr. £ s. d. Ce. £ s. d. Interest paid on fixed deposits— Balance forward from March, 1894 .. 37,739 0 0 Guaranteed stock, rebate on bills, &c. 295,452 0 0 I Gross profits .. .. .. .. 430,703 0 0 Expenditure— Salaries, rates, rents, taxes, &c. .. 172,607 0 0 Balance 383 0 0 £468,442 0 0 ; £468,442 0 0 Eichakd W. Gibbs, Acting Accountant. THE BANK OF NEW ZEALAND ESTATES COMPANY (LIMITED). Balance-sheet at 31st March, 1893. Dr. £ s. d. Gr. £ s. d.. To Share capital:— B y Properties and other Assets :— Authorised- Old properties--75 0006-per-cent. cumulative pre- Balance represented by these at ference shares of £10 each. 31st March, 1893, inclusive of the 125 000 ordinary shares of £10 expenses of obtaining transfer of e^ch titles, formation of the company, Issued— issue of debentures, and prior 60 000 6-per-cent. cumulative pre- 600,000 0 0 incumbrances paid off .. 2,789,281 2 8 ference shares of £10 each New properties— 125 000 ordinary shares of £10 Cost of properties acquired by comeach .. .. •• 1,250,000 0 0 pany, including expenditure on Debentures (redeemable in 1910) ..1,500,000 0 0 stock and improvements .. 500,544 15 3. Loans and debts due by the company 605,434 6 3 Amounts due from purchasers of the Accrued interest on debentures .. 21,225 0 0 properties .. .. 161,737 410 Profit and loss balance from that ac- 24,805 12 8 Other debts due to the company .. 54,132 19 9 coun j. Cash on deposit for debent're-holders, Contingent liabilities under guaran- .. being proceeds of sales of properties 412,980 12 1 t Bills receivable on hand .. .. 19,998 14 9 Cash at bankers, and on hand .. 62,789 9 7 £4,001,464 18 11 4 ' ool !l 6 iJ^_L l Profit and Loss Account for the Year ended 31st March, 1893. £ s. d. IBy Balance at 31st March, 1892 .. 43,638 2 6 To Directors' fees, management, cables, Less dividends on preference and and office expenses in England 3,705 7 3 ordinary shares .. .. 40,000 0 0 Ditl-o in New Zealand .. .. 4,564 13 0 — Land-tax and license-fee in New Zea- . A t> j an( j 11,552 16 9 Net revenue from properties and as - Interest on debentures and exchange 84,975 0 0 sets, &c, for the year ended 31st Interest on bank overdrafts, less on March, 1893, including adjustment deposits 1,135 18 6 of previous years.. .. .. 126,107 8 4 Profit carried to balance-sheet .. 24,805 12 8 Commission, &c, in London .. 933 10 10 Transfer fees .. .. .. 60 6 6 £130,739 8 2 £130,739 8 2 Duncan Stewaet, B. J. Jeffeay, j Directors , Secretary. Jno. A. Ewen, ) I beg to report that I have compared the above balance-sheet with the audited accounts received from the Auckland office of the company, and with the books and vouchers of the company in London, and find it to be m accordance therewith. Certificates for the amount on deposit at the various branch agencies' bank accounts have been seen by me, as well as the pass-books for the balances at the banks in London. London, November, 1893. Auditor.