8.—15 a

Sess. 11.—1897. NEW ZEALAND.

ASSETS REALISATION BOARD. BALANCE-SHEET FOR THE YEAR AND HALF-YEAR ENDED THE 31st MARCH, 1897.

Laid before Parliament Jn pursuance of Section 52 (2) of " The Bank of New Zealand and Banking J Act, 1895."

Note —In his letter forwarding the half-yearly balance-sheet of the Assets Eealisation Board, the General Manager remarks : "The half-yearly balance at the 30th September is utterly useless and misleading as to the accounts of the station properties which form the bulk of our assets. Although the above Statements of Accounts are those required by the Act to be laid before Parliament it will be seen that without similar statements for the previous half-year the information is only fragmentary, and does not show the transactions for the year. We have, therefore, prepared for our own information, statements embracing transactions for the twelve months, copies of which I also hand for your information ; and, if you consider it desirable, these can also be laid upon the table of the House." Balance-sheet at 31st March, 1897. Liabilities. £ s. d. Assets. £ s. d. Three-and-a-half per cent, debentures Properties as under:— outstanding (A) 2,680,285 6 9 Stations.(o) a Bank of New Zealand (B) .. .. 31,034 14 2 Freeholds (D) .. ... 542,177 19 9 Other properties (E) .. .. lbd,loo iy A Amount paid in excess of Mr. Hean's valuation .. .. •• 54,507 0 0 Balances due by purchasers on account 2,515,277 13 6 of sales (H) .. .. ■■ 32,430 6 4 Realisation Adjustment Account (I) .. 45,230 15 9 Station Adjustment Account (J) .. 383 0 7 Cash Account (X) .. .. .. 29 1 9 Wool Consignment Account (L) .. 65,068 0 0 Suspense Account (including bills payable), (M) (N) .. .. .. 742 5 6 Accrued revenue (O) ■■ •• 2,194 1 1 Profit and Loss Account .. .. 49,964 16 5 £2,711,320 0 11 £2,711,320 0 U Profit and Loss Account for Twelve Months ending 31st March, 1897. £ s. d. £ s. d. Balance at 31st March, 1896 .. .. 43,859 13 2 Net profit on stations .. .. 56,336 5 8 General charges (P) 4,850 14 6 Revenue (freehold and other propertiedLand- and Income-tax and License-fee (P) 7,130 17 10 Rent (R) .. ..£7,962 8 6 Interest on debentures (Q) .. .. 93,809 19 6 Interest (Q) .. ■■ 13 9 Waikato Coal Company, Loss .. .. 76 10 Revenue accrued, reversal entry 31st Deduct— J,310 2 3 March, 1896 2,021 0 0 Expenditure, repairs, Interest (Q) .. .. 258 16 6 to. (S) .. .. 2,412 5 4 Payment by Bank of New Zealand on account of £50,000, payable on 31st March, 1896, in terms of " The Bank of New Zealand and Banking Act, 1895 " 35,708 17 0 Interest suspended at 31st March, 1896, on account of Bank of N.Z. Estates Company (not paid), now reversed (Q) 836 11 8 Revenue accrued at 31st March, 1897 (O) 2,194 1 1 Balance : 49,964 16 5 £151 938 8 4 Contingent asset — 151,938 8 4 -_ ' Amount payable by Bank of N.Z. in -«aia^iiiisi=i=. terms of " The Bank of New Zealand and Banking Act, 1895 " ; deficiency for year ending 31st March, 1896 .. 14,291 3 0 Payable for year ending 31st March, 1897 50,000 0 0 £64,291 3 6 I—B. 15a.