8.—15 a

2

B.—Profit and Loss Account for Twelve Months ending 31st March, 1904.

£ g. d. I Transfer to Realisation Adjustment Account .. .. .. .. 134,387 12 7 Land and income tax .. £7,985 10 3 General charges .. 4,391 18 4 12,377 8 7 Less land and income tax paid 1903 and 1904 on account of debentureholders refunded by the bank .. .. 3,489 18 4 8,887 10 3 Interest on debentures .. .. 68,626 12 0 Interest to bank ... .. .. 6 3 3 Revenue accrued —Reversal entry, 31st March, 1903 .. .. .. 3,069 10 7 j Balance .. .. .. .. 144,076 2 3 £359,053 10 11 The balance of £144,076 2s. 3d. here shown represents the balance of the statutory payments by the bank after providing for debenture interest, and is a contra to the deficiency on realisations as shown in the balance-sheet as " Realisation Adjustment Account," and to be transferred to that account as at Ist April. The relative cash has been applied to the redemption of debentures.

£ s. d. Balance, 31st March, 1903 .. .. -134,387 12 7 Net profit on stations .. .. 41,296 1 5 Revenue from freeholds and other properties,— Rent .. .. £712 13 0 Interest .. .. 12,648 16 11 13,361 9 11 Deduct expenditure on account of properties .. 1,350 8 3 12,011 1 8 Revenue accrued .. .. .. 4,569 6 4 Exchange Account .. .. .. 7 0 7 Bank of New Zealand, — Payment in terms of Act £50,000 0 0 Additional payment .. 116,782 8 4 166,782 8 4 £359,053 10 11 Contingent Asset. Amount outstanding at 31st March, 1904, £ b. d. and due by Bank of New Zealand .. 50,000 0 0 Amounts previously received under this head .. .. .. .. 400,000 0 0 Additional payment for 1902 .. .. 101,135 0 0 Additional payment for 1903 .. .. 116,782 8 4 £667,917 8 4 W. C. Cuff, Accountant. G. T. W. G. P. W. C.

Realisations for Twelve Months ending 31st March, 1904.

Property. Area. Sale Price. Surplus. Deficiency. ! Book Cost. Land-tax, plus ]0 per Cent. Properties finally realised. Auckland — Puhekairunga Block Lot 78 and Part 77, Hamilton East Lot 75 and 76, Hamilton East Okapako Block Te Karamu A 2979a Block Onehunga Ironworks Maukoro Block Part Lot 302, Kirikiriroa Part Lot 302, Kirikiriroa Section 14, Blook 14, Waharoa Section 14, Block 13, Waharoa Part Section 8, Waharoa Extension Section 8, Blook 14, Waharoa Part Paddock 27, Matamata Matamata Estate (balance) A. R. P. 332 0 0 13 0 i 0 0 330 0 0 180 0 0 3 1 13 2,680 0 0 10 1 12 455 0 1 £ S. (!. 290 10 0 180 0 0 250 0 0 412 10 0 180 0 0 1,500 0 0 2,010 0 0 6 7 0 284 7 6 I ) £ s. d. 125 10 0 162 10 0 670 0 0 £ s. d. 52 0 0 38,727"8 1 £ s. d. 165 0 0 482 0 0 250 0 0 180 0 0 40,227 8 1 1,340 0 0 £ s. d. 182 0 0 264 0 0 180 0 0 99 0 0 1,021 0 0 ! 1 2,788 3 6 3,078 18 0 J 0 2 18-23 30 0 0 ! 18 0 0 0 1 8-3 344 3 8 42,739 0 0 58 10 0 12 0 0 258 12 0 126,745 0 0 19,771 12 5 140,875 14 5 Pauranga— Section 16, Rangiuru Section 17, Rangiuru Ohauiti Estate 476 0 0 463 0 0 6,547 0 0 3,808 0 0 3,704 0 0 12,000 0 0 i 13,621 18 10 |33,133 18 10 Canterbury— Lot 19, Southbridge Section 10, Waihaorunga Rural Section 18847, Waihaorunga Sections 23, 28, 34, 36, 38, and 39, Waihaorunga Part Sections 4 and 5, and Sections 27, 30, 41, and 42, Waihaorunga Sections 9, 21, 22, 24, 25, and 26, Waihaorunga New Zealand Loan and Mercantile Agency Company, on account Belfast lands 0 1 29$ 442 3 20 50 0 0 3,162 2 0 2,732 0 38 10 0 0 1,107 3 9 150 0 0 16,603 2 6 LI,270 10 0 10 0 0 4,729 10 11 20 0 0 45,060 7 2 20 0 3,001 0 0 11,200 0 0 1,059 3 8 1,115 2 10 55 19 2 Properties partially realised. Auckland— Lot 11, Section 74, Surrey Hills Lots 1-5, 29-30, Section 54, Surrey Hills.. Lot 12, Section 74, Surrey Hills Lot 19, Section 38, Surrey Hills Lot 16, Section 31, Surrey Hills 40' x 132' 40' x 132' 38' 6" x 132' 46'10"x 133'2" 110 0 0 500 0 0 110 0 0 105 17 6 105 7 6 •• " -• Carried forward 193,057 16 11 958 0 0 |80,759 17 5 :271,928 9 4