Page 4 Advertisements Column 1

Globe, Volume XXI, Issue 1649, 3 June 1879, Page 4

__ k n»rr\Ar a t twOUTGAGE AND AGENCY COM*Apf« oKlw“b*lmo. limited. The following report was presented to tho shareSwetaSSta/ tho 23rd April. 1879. at two o’clock jSSSSw?T»«’ “■«•* «* arrangement for the purchase of tho bnsirumJJof mSS» Bussell. Bitobio ami Co., in Now and of Messrs Bussell, Lo Oren and Co., in London, has been fully completed, and the whole H,a comnany’s affairs in the colony aro under +L management of Mr George Gray Rnssoll in Dunedin, during Mr Ritchie’s temporary absence of purchase the business of the colonial Arm was only handed over on Ist April Vq4u vviiilo that in London was acquired on Ist Tnnuarr 187*. The profit from the business of these Arms has therefore reference to six months’ operations in the colony, and twelve months’ in u'will be seen that tho net profit amounted to ogi’29 18s lOd, after payment of interest on debentures to 31st December. 1878, and after deducting £274 2s 10d for depreciation of office furniture, and £541 16s 9d written off preliminary expenses. 5. From the balance of net profit £8129 18s lOd, there has been paid an interim dividend of £1250 in August last, leaving a balance of undivided profit amounting to £0879 13s lOd. . C. The directors deem this result satisfactory, and recommend the payment of a dividend at tho rate of 5 per cent per annum for the half-year anded Slat December last. This will absorb £12.50, and will leave £-5029 18s lOd to be carried forward to the new account. . 7 Tho directors aro sanguine in their belief that the current year will yield much more favorable results. , 8. The auditors, Messrs Tnrqnand, Youngs and Co., under the articles of association retire, but are eligible for re-election. H. E. Grenfell, Chairman. 37, Lombard street, London, E.C., ‘lth April, 1879. Balance sheet of the National Mortgage and Agencv Company of Now Zealand. Limited, to 30th September. 1878, for New Zealand, and 31st December, 1878, for London. Capital and Liabilities. Dr. £ s. d £ B. d. To capital authorised—--109.000 shares of £lO each 1,000,000 0 0 To shares issued—--50.000 shares of £lO each, £1 per shore called up 50,000 0 0 Arrears of calls ... 25 0 0 To liabilities— Debentures issued 229,880 12 10 Deposits at interest 131,192 14 3 Sundry creditors, debenture interest accrued, Ac... Bills payable 49,975 0 0 fo profit and loss account— Balance os per account 181,614 13 0 101,394 11 0 6,879 18 10 Cr. if Property hold by the CompanyPremises, plant and furniture Goods and stores for stations (on hand and in transitu) at cost )y Debts owing to the CompanyLoans on mortgages and secured accounts Wool and produce consignments in transitu Advances on wool and produce Current accounts Interest accrued on mortgages and investments By Cash and Investments— Cash at Bankers and in office Investments in Colonial Government securities Bills receivable ... By goodwill accounts... By profit and loss account, 1879, for interest due after December, 1378, included ia bills payable ... By Preliminary Expenses— Balance of PnOPaaiT and Assets £ 8. d. £703,943 15 4 s. d. 14,673 16 0 21,038 0 0 262,505 19 8 74,712 12 3 127,816 17 5 69,377 5 11 35,716 16 0 2,623 15 3,173 39,552 10 38,732 6 537,126 10 6 81,458 0 0 45,625 6 2 766 3,251 0 0 £703,943 15 4 Profit and Loss Accoiv’t to 30th September, 1878, in New Zealand, and 31st December, 1878, in London. £ B. d. Dr. To charges in London and at branches, consisting of rent, taxes, insurance, salaries and wages, stationery, Ac., directors’ aad auditors’ fees, and expenses incurred in issuing debentures To interest on debentures To law and notarial charges ... ... To Amount written off as depreciation on office furniture To ameunt written off preliminary expenses To balance 13,274 1 5 9,083 12 2 114 14 2 274 2 10 Ml 16 9 8,129 18 10 £31,423 6 2 To interim dividend, paid August, 1878 1.250 0 0 To balance ... ... ... ... ••• 6,879 18 10 £8,129 18 10 Cr. By gross profit arising from commission, interest, profit on sale of station stores, and general agency... 31,40118 8 By transfer fees 21 7 6 £31,423 6 2 By balance ... ... ... ... ... £8,129 18 10 £8,129 18 10 We have examined the books and accounts of the company kept in the London Office, and the reports and statements received from the agencies in New Zealand, and tho above balance sheet is in our opinion a fall and fair balance sheet, containing tho particulars required by the regulations of the company, and is properly drawn up so as to exhibit a true and correct view of the company’s affairs. Turquand, Tounob and Co., Auditors. London, 3rd April, 1879. Wmt Coast Rushes. — Very good accounts (lays the “ West Coast Times” of a late date) •were received last evening from tho rush at Woodstock. It seems likely, now that gold has beeu got at the other side of the break, that a considerable number of persons will go to work, with excellent prospects, on the ground. It is currently reported (says Saturday’s “ Kumara Times” that a new lead has been struck on some ground that has lately bean taken up near Westbrooke, and a number of miner* crossed the river yesterday to ascertain if the ground warranted the report of its being payable. At the present, however, nothing definite has been ascertained to cause the least excitement. Rahgiora Boaouen Auditors.— Messrs C. J, Chapman and Thomas Ross were declared duly elected auditors of the Rangiora borough for the current year. SPECIAL TO CRICKETERS. TO make room for our new Christmas Stock of FANCY GOODS, The balance of CRICKETING MATERIALS Will be sold at greatly Reduced Prices, Cobcett’a, Feltham’s, and Duke’s best makes. MONTAGUE’S Fancy Bazaar, High street. 3257 ALBION HOTEL, COLOMBO STREET NORTH. JOHN late of the Waltham Hotel, begs to Inform his friends and the public that he baa taken the -hove well-known Hotel, and hopes, by attention to business, to merit a share of the public patronage. WINES AND SPIRITS, ENGLISH ALE AND STOUT, (Of the Best Brands. WARD AND CO.’S SUPERIOR ALB. 4267 BXilGrli’S CANTERBURY RESTAURANT Papanul Road, near Post Office, M BA L S, AT ALL HOURS OP THE DAY. BOARD AND LODGINGS 17b. , 18». £1 PER WEEK. Beds and Meals Is. 3518 LYTTELTON COLONISTS’ HALL. rpHE above Hall, fitted up with Stage X Scenery, and all requisite appliances, deluding three 'Dressing rooms, can be engaged for Concerts, Theatrical, and other Entertainments, on application to Librarian, Or to ’‘ Press” or “Times ” office, Lyttelton. Terms, Including gas and use of piano, £2 2s finer .night. For more than one night, « o«» EiememeaL 4427