ASSETS BOARD.
(Per. Press 'Association.) Wellington, last night. The report and balance sheet of the Assets Realisation Board for the year ended 3lßt March last show that taking into account the statutory £50,000 received from the Bank, the surplus for the yoar after providing debenture interest amounts to £21,550, to which must be added tbe Bank’s surplus profits paid over, viz., £125,532, Sales of properties to the extent of £113,787 worp made during the year. The demand for land during the year waß steadily increasing, while markets for all descriptions of stock and produce were especially good./ A feature of the year’s. realisation was the Selwyn Estate of 150,328 acres, which was sold by the liquidator to tbe Government at 8s an acre, which is declared to be undoubtedly a good bargain for the State. Notwithstanding, says the general manager, that onr object is less to extract the last penny of profit, than to hold in the best condition for sale, onr profit has been very substantial:
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Bibliographic details
Gisborne Times, Volume XIX, Issue 150, 8 July 1905, Page 2
Word Count
167ASSETS BOARD. Gisborne Times, Volume XIX, Issue 150, 8 July 1905, Page 2
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