Commercial News.

New Zealand Mail, Issue 227, 22 January 1876, Page 11

Commercial News.

The amount of Customs duties received at this port for the week ending January 20, 1870, was o a irnrler •

The import trade during the past week has been rather dull, the only change noticeable being the increase of auction sales, at which a considerable clearance has been made at prices only a trifle under the usual market rate. AVe report one or two sales, the results of which afford in most of the staple articles a comparatively fair standard of current values. In colonial produce shipments have come forward more freely, and prices in every case show a downward tendency. Flour is dull at £ll to £ll 10s per ton for best brands of Canterbury and Oamaru in sacks. Oats. --A shipment was sold at auction on Thursday with difficulty at 2s. Id., but can hardly be taken as a criterion of market value—the sample being discoloured and faulty Good milling sorts are still held for 3s. to 3 s 3d. per bushel, moving off in small trade lots. There is, however, every indication from the manifest desire to realise present stocks and the large estimate of the new crop, that prices are not likely to be higher for some length of time to come. Bacon, hams and cheese are easier, several shipments having been received. Quotations are nominally unaltered from last week’s rates. Air. It. J. Duncan hald a lai-ge trade auction sale at his rooms on AYednesday, 19th inst., at which the following prices were realised : —Tennent’s ale. 11s. ; Blood’s stout, 11s. ; Maclien’s do., 11s. 4d. per doz. ; Hennessy’s three star brandy, 475. to 4Ss. (id. per doz. ; Hennessy’s hulk brandy, Ss. per gallon; Bisquit, Dubouclie, and Co.’s do., Os. 6d. ; Dunville’s whisky, l(ss. : Scotch do., 15s. Od. ; sherry, in quarters, ss.’ 6d. to os. Od per gallon ; port, 11s. ; Gleulivet whiskey, in quarters, 4s. 6d. per gallon ; Thom & Cameron’s whisky, 14s. Od. per doz. ; C!,A r .P. brandy, 235. per doz. ; Martell’sdo., 295. 3d. ; Long John whisky, 17s. 3d, per doz. ; Burnett’s old tom, 15s. ; fschnapps, JlOs. [Od. ; 12,000 Swiss cigars, 755. per 1000 ; 1 case Alanilla cigars, 9s. od. per box of 50, in bond ; New Zealand wijiskey, duty paid, Bs. Gd per gallon ; cliampagnne, 6Ss. per doz. quarts ; 725. pints ; No. 2 Aloselle, 48s. ; Chauteau Margeaux, 1863, 84s. per doz. ; Sauterne, 345. ; curacoa, 40s. ; orange bitters. 245. ; Setner’s do., 38s. per doz., duty paid ; rice, £23 per ton ; currants, in casks, 4}d. ; in ease, 4M. per lb. ; Adelaide flour, 5 tons, £l2 10s. ; Dunedin (Anderson and Alowat’s), 10 tons, £ll ; white lead, £4O ; Nos. 7 and S fencing wire, £lB to £l9 per ton ; socket spades, 60s. per doz. ; 5 tons 4 to Bin. forge spikes, £2O to £24 per ton ; hickory spokes, 50s. per 100 ; &c., &c. On the same day Air. G. H. Vennell sold the cargo of the Alay King, from Lyttelton, under the hammer, and realised as under : —403 sacks oats, at 2s. Id. ; GO do. bran, lOd. ; 50 do. sharps, ss. Od. per 1001 b. ; 70 bales chaff, £7 per ton ; flour, in sacks, at £9. Air. J. H. AVallace’s land sale, held on Thursday, as advertised, drew a good attendance. The greater portion of the properties offered were withdrawn, and are for sale privately. The following sales were effected, viz.; —Palmerston township, sections 773, 775, 777, 779, to C. H. Lowe, at £lO 10s. each ; quarteracre section, Foxton, 544, to Dr. Biiller, £ls ; quarteracre section, Foxton, 545, to C. H. Lowe, £ls. Palmerston—Scandinavian settlement: Lot 01, to AY. Pruleaux, £2B. Palmerston : Section 359, 51 acres, A. Burr’s estate, to Dr. Buller, £179 10s. At the conclusion of the sale, All'. AYallace announced that his next sale would take place on the 28th inst. The following produce telegram lias been received from the New Zealand Loan and Alercantile Agency Company, Limited, dated London, January G, 1876 : Tallow.—Alarket quiet. Stocks of all sorts 10,000 casks. Alutton, £SO per ton ; beef, £47. Leather.— Alarket flat. Trade demand is quiet. Alimosa bark.— Alarket has receded. Quotation for Adelaide ground is £l3 per ton. Copper.—There is a fair trade demand. Supplies available for the United Kingdom are 29,000 tons. Tin. —Trade demand is slack. Fine Straits in -warehouse is worth £BO per ton. Fine Australian in warehouse is worth £79 per ton.

CHRISTCHURCH. (From Saturday’s Lyttelton Times.)

Import trade keeps fairly active and shows every signs of improvement with the advance of the summer and the getting in of the grain harvest. The Orari arrived from London on AYednesday last with a large cargo of merchandise, and the Soukar may be looked for immediately, with heavy shipments also. A considerable trade has been done in teas, and some very full lines ex Anna Dorothea and Nardoo have changed hands at prices that leave a very moderate margin of profit to importers. Boxes are taken freely, and up to 2s. Id. in bond has been paid, for fine descriptions, good to fine in halfcliests selling at Is. Oj-d. to 2s. Fancy descriptions, such as gunpowder and S.O. Pekoe are not in request. Iu sugars there has been a large business transacted, sales showing rather higher prices than of late ; £33 for finest white crystals as obtainable ; £3l to £33 for fine yellow crystals are not to be had ; counters command 28s. to 295. Spirits have been very quiet, and no change in quotations has taken place. Hennessy’s case brandy has been offered and sold at 305., but importers now demand 31s. to land. Hops are in demand at 2s. for prime Kents, and Californian offering at Is. 9d. A limited business has been transacted in tobacco, and prices keep very firm. Galvanised iron lias lately arrived freely, and in excess of present requirements. Timber is also in excessive supply, and sales of V.D.L. cannot be made ; shingles and palings only find buyers at 17s. to 18s. Cement, although coming to hand very freely, meets with a ready sale at 21s. per barrel. The coming week will see the despatch of three wool ships for London, carrying collectively 12,000 to 13,000 bales. The Alerope and Langstone have all cargo on board, and the Zealandia nearly so. The three vessels will be away by Thursday next. AIELBOUKNE COAIMEIiCIAL. In the import market a considerable amount of business has been transacted, more general inquiry having been experienced to-day than since the year commenced. Breadstuff's are moving off very quietly, sales being still of a moderate character, owing to the paucity of supplies. New flour is saleable at £l3 7s. 6d., hut only trade parcels ai-e selling at our quotations. At the auction sales in the morning, wheat was cleared off at fully up to late rates. About 370 bags were quitted at ss. lOd. for prime Victorian, and ss. 7d. to ss. 9ld. for softer descriptions. About 400 bags were also got rid of privately at ss. lOd., short terms. ■ Oats have been very difficult to move for some time past, but we observe that a shipment of New Zealand, comprising 1100 bags, was disposed of publicly at 3s. 4d. Alaize is, if anything, firmer. Sales have been making at ss. 2d. Sugars are going off very freely. At the public sale this forenoon, the cargo of the Viscount Alacduff, from Mauritius, was submitted to public competition, when 3087 bags were cleared off, realising £35 to £35 ss. for fine white, £33 to £33 10s. for middling white, £32 10s. for fine counter, £3l ss. to £32 for brewing crystals, £3O 10s. for low brewers’ and yellow counters, £2B 15s. for low grainy yellows, £27 10s. for brown, and £25 for rations. Privately we hear of a few hundred bags having been placed at up to £34 for middling white. Teas are in good request. Of the Georgina’s shipment some 500 packages of common congous have again been quitted at up to Is. 2d. Publicly 558 packages, the damaged portion of the Duguay Trouin, were run off at prices rising from 11-'d. to Is. Gkl. Some time ago we referred to a very extensive speculation in kerosene oil having been initiated. AYe learn now that by the purchase this forenoon of 9000 cases Diamond, the whole of the oil in bond has become concentrated in the hands of two firms, who have resolved not to offer a case for sale for some time, and for the present refuse to give a quotation at all, more especially as the whole of what is advised as coming forward is likewise in their hands and under their control, and having thus the command of the market, it is fully anticipated much higher rates than have been ruling of late will he established ere long. Cornsacks meet with fair inquiry ; trade parcels of Calcutta are sold at Bs. 3d. and Bs. 4d., and, in one instance, a line of 75bales is stated to have changed hands at Ss. 3d. Hops are selling at Is. 9d. to Is. lid. for Kent lS7s’s, according to quality. Alalt is likewise more noted, though at a shade easier terms. Trade parcels are now offered at 10s. 9d., and we hear of a line of 21 tanks and a shipment of 2400 bushels having been purchased at a concession on this quotation. 1 Sardines are wanted ; a line of 400 cases was sold at Bs. Gd. for halves, and 4s. 9d. for quarters. Considerable excitement has been created in commercial circles by the rumored failure of a firm in Brisbane, owing to the name not having been mentioned, business relations between Victoria and the colony of Queensland being now very extensive. The information we have received in answer to our inquiries does not yet justify us in giving the name of the firm referred to, though it is freely enough spoken of in the city ; but we are enabled to state thus far, that very little, if any at all, of the liabilities will fall on Alelbourne, the creditors being chiefly in England. (From the Argus of January 11.) In the import market business has been fairly active, the auction sale of sugar having imparted an appearance of animation to the day’s operations not usually observed so very early in the week. Breadstuffs are going off steadily, though prices are easier as a rule, Flour is moving off at £l3 ss. to £l3 7s. Od. for ordinary requirement, the most of the business done being at the first named figures. AVheat is saleable at ss. Sd. to ss. 9d., and up to ss. 10d., short terms, is likewise obtained. These figures show a slightly easier feeling, and the tendency is still towards lower rates, but the quantity coming forward is yet on too small a scale to affect values to any great extent. Feeding grains do not command much notice. Oats are neglected, and though quotations show little change, scarcely any inquiry is ex-

perienced. Maize is selling at ss. 3d. to 5s 4d Sugars are moving off freely, but at prices scarcely up to last week’s quotations. Privately we hear of 1000 bags having changed hands at £33 10s. for good whites. Under the hammer, the cargo of the Gerfalcon was offered this forenoon, and the auctioneer succeeded in disposing of 4494 bags at from 275. Gd. to 28s. Gd. for low to medium yellow counters, 295. Gd. for good, and 31s 9d. for fine grainy greys, 335. 3d. to 335. 6d. for good white counters, and 30s. Od. for assorted samples of brewing crystals. AVe observe that some 14,000 mats of Java description will he sold to-morrow. Teas are in moderate request ; some lines out of the Alexandrine have been disposed of at Is. 6d. Very fair progress is making in the sale of the Duguay Trouin’s shipment of congous, about half the cargo having been got rid of since her arrival. Some 3000 packages, various shipments, will be offered publicly to-morrow forenoon. Candles continue to meet with favor :we learn of a parcel of 1000 boxes having been taken up at full rates. . Timber has of late been little dealt in, but there is a prospect of more activity, two cargoes of deals being advertised for sale to-morrow. In liquids we note sales of O’Brien’s dagger stout at 9s.

AIELBOUKNE AVOOL AIARKET. (From Goldsbrough’s Monthly Circular.) _ , Alelbourne, December 29, 1875. Av ool.—The auction sales held during the month have been well attended, and about 27,500 bales have been sold out of 36,035 bales catalogued, thus making a total of 95,864 bales catalogued, and 07,854 hales sold since the commencement of the season. Prices have been maintained at the rates quoted in our last summary, and there is no material alteration in any description. Telegrams were received early in the month reporting the opening of the London November sales with a full attendance of buyers and good competition ; and although the rates obtained do not show an advance on September quotations, still it is evident that the trade is in a fairly healthy state. Other telegrams since received report a maintenance of the opening rates, and also advise the close of the series at firm prices. AYe note that the February sales are to open on the 15th of that month, being eight days earlier than this year; consequently a less quantity will be available, which should have a favorable influence.

The clips offered in this market during the month have consisted chiefly of lots from the northern districts, few of the western flocks having reached town owing to delay of shearing operations through the cold unseasonable weather which has ruled almost up to date. Larger quantities are now arriving, and there will be a good proportion to offer next month. Operations for America continue on a limited scale, and the Mary Ann Holman, for New York, is now nearly loaded and will take about 1400 bales, making a total of about 5000 bales shipped direct to the United States.

AYe notice in a recent return of the production of wool in Great Britain that there is an estimated deficiency of 5,259,8431b5. in the yield for 1875 as compared with that of 1874, which will to a certain extent counteract the effects of the augmented yield which is anticipated from the colonies and South America. So far as Australia is concerned the increase, if any, will evidently he far short of the estimates which have been made. AYe know from our own observation that a large proportion of the stations have not yielded nearly .so much wool as they did last season ; the deficiency in many of the Riverine flocks being very marked. The dry autumn and almost general overstocking has militated against the condition of the sheep, and thus lessened the weight of their fleeces. AYe question if the imports into Great Britain during 1876 will exceed those of 1875 to an appreciable extent; and, looking at the rapid development of manufactures and the greater consumption of goods through the increase of population and opening up of new markets, it would seem probable that satisfactory prices will continue to rule.

Freights.to London continue at Id. to -gd. per lb. Sheepskins.—The bulk of the skins now offering consist of pelts, which are readily sold at 9d. to 2s. 3d ; each. AVe have received very few green woolled skins into store, hut they are nominally worth from 3s. to 6s. each. Dried station skins are in good demand at about late rates, all purchases being made for local fellmongering at sd. to Bd. per lb. NEAV ZEALAND INSURANCE COMPANY.— HALF-YEARLY AIEETING. (From the New Zealand Herald. January 13.) The half-yearly meeting of the shareholders of the New Zealand Insurance Company was held in the Insurance Buildings, Queen-street, yesterday afternoon. C. J. Stone, Esq., occupied the chair. A quorum of shareholders being present, ■ the manager, Mr. G. P. Pierce, read the advertisement calling the meeting. The minutes of the previous half-yearly meeting were also read and confirmed. The Alanager then read the report and balancesheet, which were as follows : The directors submit to the shareholders the accounts and balance-sheet for the half-year ended November 30th, 1875. Nothwithstanding the numerous heavy losses which have attended marine insurance generally during the past six months, the directors consider they are fortunate in being able to present so satisfactory a report, evincing, as it does, the steady advancement made by the company for the half-year. The total receipts, including the balance brought forward from last half-year, amount to £109,774 4s. 3d., showing an increase in premiums of £11,154 10s. 3d. over those received during the corresponding halfyear of 1874. The total expenditure for the same period has been £90,284 13s. 9d.; this includes the sum of £17,078, estimated as sufficient to cover all accepted losses and averages up to 30th November. There remains at the credit of profit and loss account the sum of £19,489 10s. 6d. Out of this profit your directors now declare a dividend of fifteen per cent, on the paid-up capital, making seventeen and a half per cent, for the year, which will absorb £12,249 14s. 9d. Your directors cordially thank the shareholders, their friends, and the company’s agents who have assisted in bringing business to the company, as it is mainly by the aid so afforded that the company hopes to maintain the satisfactory position it now holds. Your directors have the satisfaction of announcing to the shareholders that new and com modious offices have been erected by the company, in a most eligible position in Pitt-street, Sydney. It devolves on the present meeting, in accordance with the GBth and 123rd clauses of the Articles of Association, to elect two directors in the room of Alessrs. Wilson and Stone, who retire by rotation, and two auditors in the place of Alessrs. Fraser and Laurie, who, being eligible, offer themselves for re-election. The dividend now declared will be payable at the Company’s office. Insurance Buildings, Auckland, on the 13th instant, and at the several branches and agencies on receipt of advice.—For the Board'of Directors, Samuel Browsing, Deputy Chairman. Statement of Accounts for the Half-Year Ending 30th November, 1875.

• . £264,163 16 9 llie auditors have examined the books and account* oi the company for the half-year ended November 30. 1875, and have to report that the balanee-sheet nowpresented to the shareholders is a full and fail* balance-sheet, and exhibits a true and correct statement of the affairs of the company.

George Fraser, ) , AV. S. Laurie, j Auditors. The Chairman said : Gentlemen,' —In moving the* adojition of the report and balance-sheet, allow me to congratulate the shareholders on the termination of another successful half-year. AVe doubt not that such of the shareholders as have taken an interest in our proceedings during the past half-year, and in view of the heavy marine losses that have occurred to ourselves in common with other insurance companies, will have been prepared for some diminution of dividend. A reference to the figures of our balance-sheet, will show that the amount paid for losses and appropriation for unpaid losses amount together to no less a sum than £00,458 10s. Gd. Large as these figure* are, it is satisfactory to know that, though this is the> lesser productive of the two divisions of the year, the premiums and appropriation from last balance-sheet amount to £81,710 4s. 3d., and your directors are gratified in being able to recommend the very satisfactorydividend of 15 per cent, per annum on the paid-up-capital of the company. It may be advisable to turn to the risks whence the losses have occurred duringthe past half-year, in order to ascertain whether due care has been exercised, or whether such could in the*ordinary course of a business like ours—a business involving heavy risks, a business built up for indemnifying against losses, —may be avoided or lessened in the future. The great events of the past half-year are in the foreign trade. The missing ships: Strathmore, London to Dunedin ; Strathnaver, Sydney to London; and the Culzean Castle, London to Melbourne. The fact of the Strathmore having thirty tons of gunpowder on board her, and in view of the several cases of broaching cargo that have been brought to light in our law courts, point very clearly to that vessel as having been blown up. The Strathnaver and Culzean Castle were both first-class ships,—one on the outward, the other on the homeward voyage, with general cargo. In fact, the whole three were firstclass vessels in a first-class trade, and such as we unhesitatingly say would he readily accepted by anyunderwriting office in the world. Again, with regard to the losses on our own coast, the vessels named the Pacific, the Pearl, the Three Brothers, and the Dauntless were in good order. They were well found, and well manned, and were lost in the open ocean, in fact, are missing ships, having left their loading port, and have never since been heard of. The business at our head office and the various branches is, we may say, in a highly satisfactory condition. Our new branch at San Francisco, under the care of Air. Hugh Craig, bids fair to be of great importance to us. Liberal and fair dealing will, we expect, secure a large trade, and a careful disposition of risks over a widespread field will, we trust, make it a profitable source of income. In conclusion, ! may say that your directors will use every care in the future as in the past. AVe will carry out the policy which has hitherto guided us,—that is, to extend our branches and agencies wherever we can do so with safety. This, -we find, lessens the speculative character of the business, while by it we are insured against heavy losses—though we cannot make such large profits, onr losses cannot be so great either. The law of average gives us a larger basis to act upon. If we are heavily hit at Dunedin, we have a favorable business in Auckland; and if the business in New Zealand incurs heavy losses, we hope to enjoy immunity from loss in the Australian colonies and in Great Britain. AVith these remarks, I beg to move the adoption of the report and balance-sheet. Air. AV. K. Graham seconded the motion.

The Chairman asked if there were any questions arising out of the balance-sheet to be put by shareholders.

No questions were diked, and the adoption of the report and balance-sheet was carried unanimously. The Chairman said that the next bnsiness was the election of two directors, in the room of Mr. AYilsonand himself, who, being eligible, offered themselves for re-election.

Air. G. S. Kissling moved—“ That Mr. AY. (J. AYilson and the Chairman be re-elected directors.” Seconded by Mr. D. B. Cruickshank, and carried ncm con.

The Chairman: I can only repeat what I have said already, and thank the shareholders for this.renewed token of their confidence. As I have said in my address, I can promise that we will do now as in the past—take the utmost care to continue the institution, as it is a profitable and safe one. I may repeat, as has been often said at this table, the directors themselves are largely interested in the prosperity of this company, and make it a direct part of their personal business. The next business is the appointment of two auditors in the room of Messrs. Laurie and Fraser ; and they are eligible for re-election. Air. Rose proposed, and Mr. AY. C’. AYilsoh seconded, the re-election of the auditors, which was carried.

Air. S. Vickers moved, and Mr. Heather seconded —“ That the thanks of the shareholders be given to the directors, agents, and officers, for their very efficient management of the company.”—Carried unanimously.

The Chairman, on behalf of the directors, and the Alanag er for the agents and officers of the company, responded to the vote.

cl. £ s. d. Spirits .. .. G62 13 0 (loods by wglit 379 15 10 .. 140 17 1 Do. ad valorem 1633 10 7 Tobacco.. 30 17 0 Do. other duties 110 15 c Wine 90 5 10 Light dues, Beer .. 290 14 9 shipping, &c. 51 o 4 Tea .. 183 8 0 Coffee . - 20 9 3 Sugar .. 204 13 10 Total ..£3799 6 0

j THE WELLINGTON MARKBK Wholesale Prices. Farm and Dairy Produce. s. d. S. d. s. d. s. d. Butter, fs, lb 0 10 to 1 0 Lard, lb .. 0 OtoO 5 Butter, sit, lb 0 8 - -0 9 Bacon, Pro.. 0 11 — 1 Cheese .. 0 0--0 11 Hams, Pro.. 1 0 — 1 Do., Ct’bury. 0 10--0 11 McConnell’s 1 0 — 1 2 Eggs, dozen 1 4 - -1 6 Ct’bury hams 1 0 — 1 2 Retail Price. Milk, quart.. 0 4 to 0 6 Fowls, pair.. 6 0to7 0 Butter, fs., lb 0 0--2 0 Ducks, pair.. 7 0 — 8 0 Butter, salt.. 1 0--1 0 Geese, each.. 6 0 — 7 0 Cheese, Col.. X 2--1 4 Turkeys, do. 6 0—10 0 Eggs, dozen 1 9--2 0 Bacon, lb .. 0 0 — 1 4 Lard, lb .. 0 0--0 10 Ham, lb .. 0 0 — 1 6 Rabbits, pair 2 6--3 0 Potatoes, newO 11— 0 2 Cabbages, dz 2 6--3 0 Carrots .. 2 G —3 0 Turnips, doz 2 6--3 0 Potatoes .. 10 0—12 0 A’d veg’bl, dz 2 0- _ o 01 Bread, 3d. to 4d. 21b. loaf. Flour Market. Wholesale. £ s. d. Superfine Flour, silk dressed, per ton £12 to 12 10 0 Fine Flour, ditto , household .. 11 0 0 Seconds, per ton 0 0 0 Sharps, per ton 8 0 0 Adelaide, per ton 15 0 0 Oamaru, ditto 12 10 0 Dunedin, ditto 12 0 0 Canterbury, ditto 12 0 0 Bran, per bushel . . • . . 0 1 4 IIax a>~t:> Cork Market. Wholesale. s. d. s. d. ' £ s. £ a Maize, Sydney 4 6 to 5 0 Hay, ton .. 6 10 to 7 10 Do. Crushed 4 9 - - 5 0 Oaten, ditto 0 0 — 5 10 Oats (South). .4 0--4 3 Lucerne, ditto 0 0—6 10 Wheat (fowl) 4 0--4 3 Straw, ditto 2 10 — 3 0 Potatoes .. 0 0--5 0 Chaff, ditto 7 0 — 0 0 Retail. s. d. s. d. s. d. s. d. Maize .. 5 G to 6 0 Peas .. G 6 to 7 G Oats, ditto .. 4 0--4 G Do. crushed 7 3 — 7 6 Do. crushed 4 9 - - 5 2 Lucerne, cwt. 0 0 — 6 6 Bran, ditto 1 9- _ 2 0 Oaten, ditto 5 10 — 6 0 Wheat (fowl) 4 6--5 G Straw, dit'o 5 10 — 6 10 Hay, cwt. .. 5 10 - - G 10 Chaff, ditto 7 0—8 0 Beans .. 6 0 - - 7 0 O’Sheath’s do. 6 0—7 0 Do. crushed 7 3- - 7 G Brocolo from 0 3—1 6 Seeds. Ryegrass, bsli. 7 OtoS 0 Alsyke, lb. .. 1 2to0 0 Do. Pov. B.,do.S 0 -0 0 Cow grass, do...l 3—0 0 Cocksfoot, do. 10 0 -0 0 Rape, do. .. 0 6—0 0 Wt. clover, lb. 1 2 -0 0 Lucerne, do. .. 1 G—0 0 Red do., do... 1 0--0 0 Timothy, do. .. 1 0—0 0

PH.OFIT AND LOSS. Dr. £ s. d. To dividend paid last half-year .. .. 13,847 17 6 Commission, salaries, and other expenses .. 15,078 0 9 Fire and marine losses 43,380 15 6 Appropriation for unpaid losses .. 17,07S 0 0 Balance .. 19.480 10 . 6 £109,774 4 ; 3 Cr. £ s. d. By balance from last half-year .. .. 19.686 10 10 Appropriation from unpaid losses last half-year .. 15,007 0 0 Fire and marine premiums .. ■. 66,703 4 8 Interest, rents, and transfer fees 8,377 8 9 £109,774 4 3 LA LAN CE-SHEET. Dr. £ s. d. £. s d. To Capital 200,000 0 0 Less unpaid .. .. 30,567 15 0 163,432 5 0 Re-insurance Fund .. 40,000 0 0 Appropriation for unpaid losses . 17,078 0 0 Branches credit 1,631 11 3 Dividends unpaid 5 0 Credit of old shareholders .. 20,325 1 6 Cash due Bank of Hew Zealand . 2,202 2 6 Balance 19,489 10 6 £264,163 15 9

Cr £ a. d. By Investments .. 239,013 IS O Fire and Marine premiums due .. 3,482 X S Interest and rents due 3,383 2 3 Bills receivable 346 a » Furniture, fire-engines, &c. 1,066 2 3 Branches owing 14,058 16 C Suspense account 1,123 3 H Cash on hand.. 1,671 2 M