Loan and Mercantile Company.
The annual report of the New Zealand Loan and Mercantile Agency Company shows the gross earnings for the year to be £254,514," and the debit balance £28,898. The auditors suggest that further large provision be made for deficits in respect of properties and loans. The report states that the debt ia due fco the inclusion of 15 months' interest on the prior lien A debentures, and that if only a year's interest had been taken into account the result would have been a credit of £3207. The call had already produced over £500,000. - The business was well maintained. The sum of £640,956 had been deducted from the book value of the assets to meet actual and contingent losses, and further large deficits would be dealt with in the future. The auditors report that £640,956 will not be sufficient, and that a further sum of £847,940 may be required.-— Press Association.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MH18951217.2.11
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Herald, 17 December 1895, Page 2
Word count
Tapeke kupu
154Loan and Mercantile Company. Manawatu Herald, 17 December 1895, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in