BALANCE SHEET BROM 6th OCTOBER, 1851, To 30th September, 1852.

New Zealand Spectator and Cook's Strait Guardian, Volume VIII, Issue 757, 3 November 1852, Page 3

BALANCE SHEET BROM 6th OCTOBER, 1851, To 30th September, 1852.

Audited and found correct Robert Lambert, ~| William Seed, V Auditors. B. Gordon ' J Wellington, October 29, 1852. WILLIAM ALLEN, .Manager. After some discussion on the legal charges as regarded mortgage and transfer which, in the opinion of some of the memhers, " were heavy and excessive, the following • resolution, moved by Mr. W. Seed, seconded by Mr. John[M'Beth was- passed. That the Committee be requested to take measures for ascertaining whether the Society cannot use printed forms for future mortgages, as considerable saving would thereby be effected for those members who realized their shares." The chairman observed that before the meeting closed, it would be as well perhaps to appoint, or he might say, reappoint the same auditors for the ensuing year. He thought that the confidence of the members was securely placed in the gentlemen at present holding that office. Messrs. Seed, Lambert, and Gordon were then unanimously reappointed Auditors for the ensuing year. A vote of thanks .to the Chairman having been moved and carried, the meeting separated.

We understand that the Committee appointed to promote the formation of a Company for working the Coal at Nelson are proceeding very favourably, and we hope soon to hear of a practical result of their labours. We would also beg to direct attention to the meeting to be held at the Athenaeum to- morrow evening, on the subject of the Dun Mountain Copper Mines, when Mr. Wrey, who has just returned from Nelson, will be present, to afford every information.

On Sunday one of the heaviest floods occurred at the Hutt that has been experienced for several years, occasioned partly by the heavy rain on Saturday night, but chiefly it is believed to the melting of the snow on the Tararua. The waters rose so high that the bridge is reported to Lave sustained considerable injury, a portion of the west bank of the river below the bridge has also been washed away. We hope the early potato crop and the wheat will not have sustained any damage.

The following is a summary of Friday's Government Gazette : — A notification by the Civil Secretary that a new Commission has been issued by the Go vernor-in- Chief to Chief

Justice W. Martin, Esq., and~S. Stephen, Esq., Judge, to inquire into the course of proceeding in civil actions, and other matters connected with the Supreme Court ; the appointment of R. Richardson and F. H. Blundell, Esquires, of Nelson, to be magistrates "of the Southern Province; of J. Dunleary to be Poundkeeper at Petre ; of a Native Assessor at Manawatu, and another at Kaikoras. The September quarterly returns of Immigration and Emigration at the different settlements, and the return of arrivals and departures at the Port of Wei-

lington ior the last quarter. Fifty-four Crown Grants for land in the Wellington district, and Sixteen Crown Grants in the Nelson District have been executed and are ready for delivery. The appendix to the Gazette notifies that 12 claims to purchases under the New Zealand Company in the Nelson district, have been decided by the Commissioner in favour of the parties making the claim who are declared to be duly entitled to Crown Grants.

LIABILITIES. Due on account of Shares sold 37 10 0 „ to Manager for salary 35 0 0 on Loan from Insurance Fund 100 18 0 Interest on do. ' 5 6 8 106 4 8 Less share of current expenses.. 4 18 0 101 6 8 Balance in favor of the Building Society. . 1877 14 5 £2051 11 1 ' .*■>' - ASSETS. Balance at Bankers ....; 2 16 7 Subscriptions in arreaf 37 10 0 Fines 6 10 6 Transfer Fees 0 5 0 Redemption 1 0 0 Do. Fines 0 10 ~ - . . 45 6 6 Estimated value of, securities, being") amount to be received upon 26£sbares >2003 8 0 realized J £2051 11 1 Balance brought down . . £1877 14 1 INSURANCE ACCOUNT. Amount due froro Building Society on Loan arid Interest .101 6 8 Insurance Pre- 198, 150, 151. 011 3 miums on Nos. J74 0 2 6 : 102 0 5 £102 0 5 Balance in favor of Insurance account 102 0 5 Balance brought down . . £102 0 5

GENERAL]ACCOUNT.

BBCEIPXS. To Subscriptions •, • • 1Q 6 3 10 ° M do. in advance .... 1 5 0 „ Fines 9 ? jj „ Transfer Fees 6 5 0 „ Redemption 30 0 ,0 I) do Fines 012 9 — '. 1108 0 3 • DISBURSEMENTS. By realization of Shares . ...1160 oOj By Preliminary Expenses, including— Registration, Printing, &c 65 3 9 Less received for Entrance Fees 30 15 0 Less copies of rules .«•*- ±±_i 3 m. S2 o 3 By current expenses .• 9 3 5 INSURANCE ACCOUNT. By share of current expenses 4 18 0 By balance at Bankers 2 I 9 7 £1208 18 3 To Guarantee Fund 91 10 0 „ do Fine Account 0 11 0 „ do transferred 15 0 1 16 0 „ Preminms on Insurance. ... 712 0 ' 100 18 0 j€l2oß 18 3

CASH ACCOUNT.