Assets Realisation Board.

Taranaki Daily News, Volume XLVI, Issue 160, 11 July 1904, Page 2

Assets Realisation Board.

THE ANNUAL REPORT, (Per Press Association.) WELLINGTON, July 8. In his unnuul report presented to i'uiliaimnt to-day the general manager of the Assets Realisation Hoard states that : '.'The improved demand (or lund throughout the colony has resulted in a. considerable insreasß in sales over the previous year. The marketst-both colonial and Homo—ror our produce have been good, and prices satisfactory and this, with favourable seasons, has again produced a substantial prcllt on tlio working of tho countrj properties still in our hands. Taking into account the statutory £SO - 000 received from the bank, the buiplus for the year, after providing debenture interest, amounts to L'i.l 293. The balance of the profit oi, stations wus £41,296, and from sundry properties £10,580. Tin. sales for the period 1805-1904 (la eluding stock) total £1,250,0213 Uist yeur estates sold totalled 830()0 acres. Notwithstanding express td opinions that the realisation has, proceeds too slowly, it |, certai,. thai the board's policyh fts substantially contributed to the lessening 0; the deficiency to be ultimately madw "P. Had tho board rushed, tluj m-,. .porkw on to what has until recoU l*» an unwilling market, the ob actual values would have bm very great."