17

1.—6

THE BANK OF NEW ZEALAND ESTATES COMPANY (LIMITED). Profit and Loss Account for Teak to 31st Mabch, 1894. Expenditure. £ s. d. Receipts £ _ s. dDirectors' fees, management, cables, and Balance per accounts to 31st March, 1893 24,805 12 8 office expenses in England .. .. 2,966 18 8 Less dividend paid thereout .. .. 24,000 0 0 Directors' fees, management, cables, and office expenses in New Zealand .. 5,289 1 6 805 12 8 Land-tax and license-fee in New Zealand 11,016 6 8 Net revenue from properties and assets in Income-tax for three years, to March, 1893 3,201 0 3 New Zealand .. .. .. 80,170 5 4 Interest on debentures and exchange .. 85,800 0 0 Commission, &c, in London .. .. 1,014 711 Interest on bank overdrafts, less on deposits 7,297 6 2 Transfer fees .. .. .. 76 1 0 Balance —Loss carried to balance-sheet 33 ,504 6 4 £115,570 13 3 £115,570 13 3- £ s. d. Loss shown on New Zealand Balance-sheet ... ... ... 29,232 9 0 Deduct 1893 profits unapplied ... ... ... ... 805 12 8 28,426 16 4 Add loss declared in London ... ... ... ... 5,077 10 0 £33,504 6 Jt BANK OF NEW ZEALAND ESTATES COMPANY. Balance-sheet as at 31st March, 1895. Liabilities. £ s. d. Assets. £ s. d. Shake Capital. Properties. Authorised — Balance, representing unrealised proper - 75,000 (i-per-cent. cumulative prefer- ties at date, including cost of issuing ence shares, £10 each .. .. debentures, preliminary expenses, 125,000 ordinary shares, £10 each .. and permanent improvements ... 3,021,581 19 6Issued Amounts due from purchasers .. 128,360 2 8 60,000 preference shares .. .. 600,000 0 0 Advances to trading concerns : Work--125 000 ordinary shares .. .. 1,250,000 0 0 ing capital supplied .. .. 21,000 0 0 Bank of New Zealand .. .. 27,66111 4 1,850,000 0 0 Cash in hand .. .. .. 132 10 9 Debentures redeemable in 1910 at 103 750,000 0 0 Bills receivable .. .. .. 100 0 0 Bank of New Zealand .. .. 1,112,535 12 10 Adjusting account of revenue .. 6,150 0 0 Accrued interest on debentures .. 21,225 0 0 Debts due to the company .. .. 10,506 10 1 Onehunga Ironworks Stock Reserve .. 3,316 111 Balance—Profit and loss account .. 521,584 0 5 £3,737,076 14 9 £8,737,076 14 & N.B. Assets, in terms of section 16 of " The Bank of New Zealand Share Guarantee Act, 1894," are taken as at par or book-value. This is to certify that, having examined the above balance-sheet and accounts, and compared them with the relative books, returns, and vouchers, we have found the same to be correct. This certificate, however, is qualified by our special report of even date. Profit and Loss Account attached herewith. J. B. Hobaet. Wellington, 24th July, 1895. E. W. Gibbs. AUCKLAND AGBICULTTJBAL COMPANY (LIMITED). PiiOPiT and Loss Account for the Year ending 31st March, 1893. Receipts. Expenditure. £ s. d. £ s. d. Interest on ordinary mortgages .. .. 266 110 Interest on bank overdraft .. .. 1, 352 9 0 Surrey Hills mortgages .. 262 3 2 Directors, honorarium .. .. .. 75 0 0 New Zealand Loan Company Land-tax .. .. .. .. 1,342 9 3 Trust Funds .. .. .. 997 9 11 License .. .. .. 200 0 0 Profit on working stations for year ..6,170 2 8 Payment Estates Company, cost of management and office expenses .. .. 355 5 0 Sundries .. .. .. 117 5 3 Wool consignment account .. .. 721 3 3 Balance, profit .. .. .. .. 3,532 5 10 £7,695 17 7 £7,695 17 7 AUCKLAND AGEICULTUEAL COMPANY (LIMITED). Peopit and Loss Account for Year ending the 31st March, 1894. Receipts. £ s. d. Expenditure. £ s. d. Interest received — Interest on bank overdraft .. .. 357 16 5 Ordinary mortgages .. .. .. 753 1 6 I Land-tax .. .. .. .. 1,149 18 10 Surrey Hills mortgages .. .. 271 5 0 License .. .. .. .. 200 0 0 Accrued interest on Loan Company Trust Income-tax account, debenture-holders .. 213 11 0Funds .. .. •• •• 1,375 0 0 Payment Estates Company, cost of manageProfits on working stations for year .. 5,745 18 1 ment and office expenses .. .. 350 0 0 Sundries .. .. .. 113 15 3 Balance, profit .. .. .. .. 5,760 3 1 £8,145 4 7 £8,145 4 7