Assets Realisation Board

Waihi Daily Telegraph, Volume IV, Issue 1036, 9 July 1904, Page 3

Assets Realisation Board

Annual Rs?oil By Tolegrapli.—Press Association. W'ki.mnpton, this day . In his annual report presented to Paiiiamcnt toidajr, tho general manager of tho Aaseto Realisation Board statesTho improved domand for land throughout tho colony has resultod in a considerable increase in sales over (he previous year, Tho markots, both colonial and Homo, for our prodncti havo been good, and prices satisfactory; and this, with fnvourablo seasons, has again produced a Bnbstantial profit oil tho working of tho country properties still in our hands. Tak. ing into account tho statutory £SOOO recoivod from tho bunk, tho surplus for the year, after providing for debenture intorest, amounts to .£27,293, The balance of profit on stations was £41,296, and from sundry properties-CI 6,580 The sales for tho period 1895-1901 (including stook) total ii 1,250,023, Last year ilr .-•i'ates sold totalled 73,069 acres. Notwithstanding tho expressed opinions that realisation has proceeded 'oo slowly, it is certain that theßoard's policy hasßiibstanli'illy contributed to tho lesiioninp of tho deiicicne;' to be ultimately made np, Had tho Board rushed the proper'ies on to what has until recently been an unwilling market, tho loss on actual value w wld have been very great,"