FINANCIAL STATEMENT.

Southland Times, Issue 1321, 14 October 1870, Page 3

FINANCIAL STATEMENT.

vrctuuer, ioiu. JKO. R. TtfIELS,") •_«„„_ Josk WiisoxJ Auiltorß--<J. EEID, Jtmr., Secretary. Mr Matthews was re-elected President, and Messrg Lyon, Petohell, Tnstone, Mills, M'DonaM, Bell, and Murchie, members of committee, the last named gentleman filling the vacancy caused bj the resignation. of Mr Jas. Reid. The auditors' remuneration was fixed at £2 2s ; and Mr George Cassells elected ' the Society's auditor for the ensuing year. The proposed alterations of the rules were carried without dissent. During the evening £750 was disposed of to 5 members, at premiums ranging from £5 to £5 4s ncr share, the average being £5 2s 6d.

BKCKPT3. ' Dr. - * 8 - d - To Share Subscriptions 1400 6 4 „ Entrance Fees 65 13 6 „ Premiums - 353 13 U „ Interest £30 14 8 „I*s. Unpaid... 2 0 6 g „ Fines \ £9 2 0 „Le 8 . Unpaid ...... 16 0 q „ 8ol?citor t a Costs on Mortgage Deeds 31 9 10 „ Dae to Bank of New. Zealand... 104 18 7 £2052 6 5 BXPENDnTTBit. Cry - > ■ £ „d. By Advances to Members on Mortgage Security 1950 0 0 „ Secretary's Salary to il3th Sept. 30 0 0 „ Printing and Advertising ...... 20 3 O „ Books and Stationery 10 13 9 „ Legal Expenses 5 6 0 „ Discount on Subscriptions paid in advance 0 18 6 „ Interest on Debentures .......... 2 3 0 „ Sundries 4 9 8 n Solicitor's Costs on Mortgage Deeds 28 13 6 £2052 6 5 PROFIT AND LO3S ACCOUNT. Dr. c. d. To Secretary's Salary 30 0 0 „ Printing and AdTortising 20 3 0 „ Books and Stationery 10 13 9 „ Legal Expenses 5 5 0 „ Discount on Subscriptions paid in adTance. 0 18 6 _ Interest on Debentures 2 3 0 " Snndries. 4 9 8 „20 Pcjr Cent, of net* profits - credited' to Eeserved Profits Account 89 1 0 „ Amount credited to Members at the rate of 14s per share ...... 351 8 0 „ Amount carried to Profit and Lou new Account 4 16 3 £518 18 2 Cr. ' . £ «• «•- Bt Entrance Fees 65 13 6 „ Transfer Do. 9 10 0 „ Premiums 383 18 0 - „ Interest 50 14 8 „ Fine*....;............ 9 2 0 £518 18 2 BALANCE SHEET. LiAßiiirriES. £ b. d. £ a. a. 502 Shares, at £3 10a each 1757 0 0 Payments in advance 23 0 4 1780 0 4 "Rewired Profits Account , 89. I 0 Profit and Loss; new Account 4 16 3 Solicitor on. account of Crown Grants 2.16 4 - Bank-oHfew-Zealand 104 18 7 ; - £1981 12 6 asssts. ■..;.*;.-_■ £ s. d. Advances on Mortgages 1950 0 0 Pubscriptions in Arrears 28 6 0 Unpaid Interest 2 0 6 Do. Fines „.....*..*■.. 16 0 £1981 12 6 Audited and found correct,' this sth day of _«._!.-_ IOTA ■ ••