Assets Realisation Board
REPOET AND BALANCE SHEET SUBSTANTIAL PROFITS. [by TELEGRAPH —PRESS ASSOCIATION.] Wetlington, This day. The report and balance sheet of the Assets Realisation Board for the year ended 31st March last show that taking into account the statutary £SOOO re* ceived from the bank, the surplus for the year after providing debentures in interest, amount to £21,550, to which must be added the bank surplus pro fits paid over the amount of £155,532. Sale of properties to the extent of £113787 were made during the year, The demaud for land during the year, was steadly increasing, while markets for all descriptions of stock and produce were especially good. The feature of the year’s realisation was the Selwyn estate of 159,328 acres, which was sold by the liquidators to the Government at Bs, which is declared to be undoubtedly a good bargain for the state. Notwithstanding, says the general manager, that our object is less to extract the last penny of profit than to hold in besi condition for sale our profit has been very substantial.
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https://paperspast.natlib.govt.nz/newspapers/TAN19050708.2.11
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Te Aroha News, Volume XXII, Issue 42745, 8 July 1905, Page 2
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177Assets Realisation Board Te Aroha News, Volume XXII, Issue 42745, 8 July 1905, Page 2
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