8.—15 a

1901. NEW ZEALAND.

ASSETS REALISATION BOARD: BALANCE-SHEET FOR THE YEAR ENDING 31st MARCH, 1901, STATEMENT OF REALISATIONS, STATEMENT OF RECEIPTS AND EXPENDITURE, AND GENERAL MANAGER'S REPORT ON OPERATIONS FOR THE YEAR.

Laid before Parliament in pursuance of Section 52 of " The Bank of New Zealand and Banking Act, 1895."

I Alexander Macintosh, the Auditor appointed under " The Bank of New Zealand and Banking Act 1895," to audit the accounts of the Assets Eealisation Board, do hereby certify :— (1) That I have carefully examined the attached balance-sheet marked "A and initialled by me, and the attached statement marked " B " and initialled by me, and the accounts and other material whereon the same are based. . . (2 ) That the said balance-sheet and statement are correct in every particular, and truly and fully set forth the position of the Board at the date thereof, subject to the following observation : (a 1 With the exception of live and dead stock on hand all assets are taken at book-value. \ ■> c A. Macintosh, Wellington, New Zealand, 27th June, 1901. Chief Auditor.

A.—Balance-sheet at 31st Makch, 1901. Liabilities. Assets. 3_-per-cent. debentures £ s. d. _ s. d. - .* *• °' * c ' a - issued ..2,680,285 6 9 Stations, per schedule 1,495,080 10 5 Since redeemed .. 305,285 6 9 Other freeholds .. 302,955 40 Other properties .. 150,435 4 11 Balance outstanding .. •• 2,375,000 0 0 Amount paid in exProduce advance account,- ° e f of Mr. Hean s Drafts drawn against shipments .. 38,679 0 0 valuation .. 54,507 ° ° Colonial Consignment Company, Lon- 'iqr''„iis a don— Balances due by purchasers.. .. 196,34118 a Produce account .. .. 336 14 6 Realisation adjustmant account .. 180,502 8 8 Bank of New Zealand- Government debenture account .. 38,500 0 0 Including station overdrafts and Accrued revenue account .. .. _,Sd« ill credit/ 40,968 13 4 Cash account 35 9 4 Profit and loss account .. .. 25,878 7 3 Suspense accounts .. •• 3,320 Id 5 Produce consignment account .. 01,d40 v v Tota l £2,480,862 15 1 £2,480,862 15 1 We hereby certify that we have carefully examined the foregoing balance-sheet and statement, and also the accounts and other material whereon they are based, and that such balance and statement are correct in every particular, and truly and fully set forth the position of the Board at the date thereof. P W. 0 Cuff, Accountant. A.M. Geo. Todd, Chairman^ Wellington, 14th June, 1901. Walter G. Poster, General Manager.

B.—Profit and Loss Account, Twelve Months ending 31st Makch, 1901. £ s d ' £ s. d. Balance, 31st March, 1900 .. 1,936 97 j Ne = t 63,019 211 General charges .. r perti es,_ _ x Interest, Bank of New Zealand .. 133 11 2 Interest .. .. 8,931 9 2 Interest on debentures .. •• 84,095 17 8 Revenue accrued—Reversal entry, 31st ii.aii MornVi 1900 .. •• 2,513 17 1 Deduct expenditure on Balance I ' l9o .. .. ... 25,878 7 3 account of properties .. 1.004 010 g Exchange account .. .. • • 46 2 Revenue accrued .. ... •• 2,838 11 1 Bank of New Zealand, payment in terms of Act 50,000 0 0 £126,769 4 7 Contingent Asset. Amount outstanding at 31st March, 1901, £ s. d. and due by Bank of New Zealand .. 50,000 0 0 Amounts previously received under this head 250,000 0 0 W. C. Coff, Accountant. A. M. G. T. W. G. P. I—B. 15a.