8.—15 a.

Realisation for Twelve Months ending 31st March, 1897 — continued.

Balance-sheet at 31st March, 1897. Liabilities. £ s. d. Assets. £ s. d. Three-and-a-half per cent, debentures Properties as under : Cost — outstanding .. .. .. 2,680,285 6 9 Stations, per schedule .. .. 1,755,486 15 1 Bank of New Zealand .. .. 31,034 14 2 Freeholds, &c. .. .. .. 542,177 19 2 Other properties .. .. .. 163,105 19 3 Amount paid in excess of Mr. Hean's valuation .. .. .. 54,507 0 0 2,515,277 13 6 Balances due by purchasers on account of sales .. .. .. 32,430 6 4 Realisation Adjustment Account .. 45,230 15 9 Station Adjustment Account .. 383 0 7 Cash Accounts .. .. .. 29 1 9 Wool Consignment Account ~ 65,068 0 0 Suspense Accounts (including bills payable) .. .. .. .. 742 5 6 Accrued revenut .. .. .. 2,194 1 1 Profit and Account .. .. 49,964 16 5 Total .. .. 62,711,820 0 11 Totals.. .. ..£2,711,320 Oil (Initialled) W. C. C, Accountant. We hereby certify that we have carefully examined the foregoing balance-sheet and statement and also the accounts and other material whereon they are based, and that such balance-sheet anc statement are correct in every particular, and truly and fully set forth the position of the Board at the date thereof. George Todd, Chairman. ■ Wellington, 2nd July, 1897. Walter G. Poster, General Manager.

5

Property. Area. Sale Price. Payment on Account. Balance. Brought forward ... Christchurch — continued. Short survey, Albury Estate, New Zealand Government Eural Section 85, Eiccarton ... Belfast section Eural Sections 1085-1, Ashley District A. R. P. £ S. 47,187 11 d. 9 £ s. d. 13,503 7 6 £ 33,684 s. d. 4 3 22 1 27 16 16 3 16 16 3 73 1 10 4,765 6 86 7 150 0 3 0 0 4,765 6 3 86 7 0 100" 0 0 150 0 0 MiltonSection 28, 29, and 31, Block 11, Milton 0 1 28 600 0 0 600 0 0 Winton— Northern half Section 7, Block 1, East Winton 8 3 35 55 0 0 20 0 0 35 0 0 Masterton— Sections 261 and 263, Taratahi Plain Block, part Kakare 150 0 0 525 0 0 80 0 0 445 0 0 Timaru— Albury Estate Arowhenua Estate ... 19,310 3 8 4,631 1 4 65,174 11 28,915 9 8 9 65,174 11 8 28,915 9 9 Dunedin— Section 42, Filleul Street Eent 62 10 0 62 10 0 Blenheim— Section 204, Picton ... Lot 18, Section 50, Blenheim... 0 0 37 0 10 350 0 20 0 0 0 lb" o o 350 10 0 0 0 0 Auckland— Lot 3, Section 8, Surrey Hills... 0 10 84 0 0 5 0 0 79 0 0 Total 147,992 12 8 1113,239 8 5 34,753 4 3