18

1.—6

AUCKLAND AGEICULTUEAL COMPANY (LIMITED). Profit and Loss Account for the Year ending 31st March, 1895. Receipts. £ s. d. £ s. d. Expenditure. £ s. d. Interest on trust funds ..1,910 1 6 Loss on working stations for year .. i, 974 19 6 Interest on mortgages, &c. .. 760 2 4 Balance, London Charges Account ..26,348 0 8 Balance, London Interest Account .. 198,476 8 1 2,670 3 10 229,799 8 3 Less accrued at 31st March, j jess balance at credit of Profit and Loss 1894 .. .. •• 1,455 0 0 Account in London, being profits made !' 215 310 in New Zealand for 1893 and 1894, now Balance, loss .. •• •• 288,172 19 3 transferred to our books .. 9,292 811 220,506 19 4 Amount written off share investment and farming stocks .. •• .. 61,237 4 2 Interest on bank overdraft (ordinary account) 933 15 0 Accrued interest on debentures .. .. 5,000 0 0 Graduated land-tax .. .. •• 414 6 9 Ordinary land-tax on account debentureholders 731 6 8 Income-tax on account debenture-holders 296 7 0 License-fee 200 0 0 Sundry general charges .. .. 68 4 2 £289,3R8~1T1 £289,588 3 1 AUCKLAND AGEICULTUEAL COMPANY (LIMITED). Statement of Assets and Liabilities as at 31st March, 1895. jweM, £ s. d. Liabilities. £ s. d. Stations &c Stations— ' Land and'improvements .. .. 493,470 2 2 Sundry creditors, B.N.Z. Estates Co., Stock and implements .. .. 73,195 3 3 &c .. .. •• 4,645 15 10 Horse, stock, and grass-seed, manure, Accident insurance account . • • 42 4 i and sundries on hand .. .. 4,302 0 7 Bank of New Zealand Cambridge Station, working account .. .. lo,ui/! itf o General— Bank of New Zealand—Ordinary ac''SS&'SSSCU £34 6 69 b33 New Zealand, No/l account, X 1 I being also shown as an asset Debentures outstanding— below) ■■ 28,490 Old issue .. .. ±-4,950 ''' 6,179 0 0 New issue .. .. 278,010 Surrey Hills unpaid balances .. 3,743 16 0 - - 282,960 0 0 Pah Estate and other properties taken Accrued interest on debentures .. 5,000 0 0 over from Williamson's .. .. 28,708 2 4 Sundry accounts held in suspense .. 1,238 0 2 Shares in various companies taken over Apparent surplus .. .. .. 148,110 0 0 from Williamson's .. • ■ 5,150 0 0 Funds in hands of trustees .. .. 21,414 12 8 £636,162 17 0 £636,162 17 0 BANK OF NEW ZEALAND ESTATES COMPANY (LIMITED). Pkofit and Loss for Twelve Months ending 31st March, 1895. Expenditure. Income. ' £ s. d. £ s. d. £ s. d. Debenture interest and exchange .. 84,588 18 10 Revenue from stations 9,883 19 1 Land-and income-tax in New Zealand .. 10,538 17 5 Revenue from other assets.. 14,336 12 6 ■ Interest •■ •• 12,286 8 4 24,220 11 7 Cost of management in New Zealand .. 6,435 17 11 Less net loss on assets beCost of management in London .. .. 1,854 6 3 yond N.Z. trading conPremium on redemption of. first moiety of oems and sundry assets .. 7,189 lb 5 debentures 37,500 00, 03Q 2 forward \ Balance profit and loss at 31st March, 1895 m,308 7 6 from 1894 33,259 13 11 £194,339 2 8 • £194,339 2 8 Pro forma Combined Balance-sheet of the Bank of New Zealand Estates Company (Limited) and Auckland Ageicultueal Company (Limited) as at the 31st March, 1895. Liabilities. £ s. d. Assets. £ s. d. n ft^;fn i ~r.w~\ nn Stations — Estates Company .. .. 1,850,000 0 0 Land and improvements .. .. 1,083,959 0 0 Auckland Agricultural Company .. 148,110 0 0 Stock and implements .. 335,453 0 0 Dbentures— Sundry freeholds in New Zealand .. 396,460 0 0 Redeemable in 1910 at 103 .. 750,000 0 0 Interest in Thames Valley Land ComRedeemable up to 1902 .. .. 282,960 00 j pany, represented by land and stock 50,256 0 0 Debts due to the bank .. .. 1,426,702 0 0 Coal-mme and land Waikato .. 12,977 0 0 Accrued interest on debentures .. 26,225 0 0 Freeholds beyond New Zealand .. 23,607 0 0 Reserve for loss on Onehunga ironworks Leaseholds .. .. .. 52,508 0 0 stocks .. 3,316 0 0 Trading concerns .. .. .. 421,062 0 0 Sundry'accounts in'suspense .. 1,238 0 0 Shares 16,792 0 0 Sundry creditors 4,688 0 0 Mortgages 101,569 0 0 J Sundries .. .. .. .. 21,020 0 0 Amounts due by purchasers .. .. 132,089 0 0 Sundry balances due to company .. 59,690 0 0 Funds in hands of trustees .. .. 21,414 0 0 Deficiency.. .. .. .. 1,764,383 0 0 £4,493,239 0 0 £4,493,239 0 0 Note.—The above is an estimate of the position after writing down the book-cost of the properties to the level of the latest valuations received,