ESTATES COMPANY PROPERTIES,
It appears from a return laid on the table of the House that the total valuation of the estates the company is now working is L 1,099,098,099,098 odd, and the value of stock L 343,466. The average net profit as per company's books for the four years ending 31st March, 1895, amounts to L 49,898, which provides interest at 3-46 per c^nt. On the estimate of Mr Walter Foster, the colonial manager, there are, however, ascertained economies in management and expenditure to the extent of L 12.500 per annum, which will enhance the profits to the extent of 0.86 per cent, or a total of 4-32 per cent per annum. In the North Island there are 187,163 acres improved, which carry all the stock; 106,259 acres are unimproved, not contributing to re* venue ; total, 293,722 acres. Mr Foster's valuation is as follows:-Estates now being worked by the company and stock thereon, L 1,442,464 ; sundry properties, L 396.460 ; total, L 1.839,02 4; the next profit yielding 3*Bo per cent per annum.
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Bibliographic details
Feilding Star, Volume XVII, Issue 55, 2 September 1895, Page 2
Word Count
173ESTATES COMPANY PROPERTIES, Feilding Star, Volume XVII, Issue 55, 2 September 1895, Page 2
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