ASSETS REALISATION BOARD.
ANNUAL REPORT,
By Telegraph—Press Association. Wellington, last night.
In the annual report of tho Assets Realisation Board tho manager regrets to say that owing to tho low prices ruling for wool, etc., tho estimates of values of produce afloat and unrealised at 31st March, 1901, wero not sustained. In addition to this the valuos of standing flocks and stock havo receded considerably, and for these two items provision has ot course been mado from tho past year's earnings, etc., and by this amount (approximately) the Board has come short of making up the £50,000 which the bank contributes to tho debenture interest for tho year. The results of the year's working, whilst much short of tho provious year, are still very good, considering the low prices of wool and tho much lower rates obtainable for stock sold locally and frozen, as well as tho reduced values at which tho stock stands this year. The estates sold duriog the year totalled 23,549 acres. _ Tho properties which the Board is working are being kept up, not only to the best oarning condition, but are being held in the bsßt and most profitable condition for probable purchasers. The properties already out up are moving off at fait values,
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Bibliographic details
Gisborne Times, Volume VIII, Issue 471, 12 July 1902, Page 3
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208ASSETS REALISATION BOARD. Gisborne Times, Volume VIII, Issue 471, 12 July 1902, Page 3
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