8.—15 a.

I, John Marten Butt, the Auditor appointed under "The Bank of New Zealand and Banking Act, 1895," to audit the accounts of the Assets Eealisation Board, do hereby certify,— 1. That I have carefully examined the foregoing balance-sheet and statement marked " A," and the accounts and other material whereon the same are based. 2. That the said balance-sheet and statement marked "A" are correct in every particular, and truly set forth the position of the Board at the date thereof. Dated this 6th day of July, 1897. J. M. Butt, Colonial Auditor.

(A.) Profit and Loss Account for Half-year ending 31st March, 1897. Liabilities. £ s. d. Assets. £ s. d. Balance at 31st March, 1896 .. .. 130,940 210 Net profit on stations.. .. .. 97,402 8 0 Interest on debentures .. .. 46,904 19 9 Net revenue from freehold and other Land-tax .. .. 7,130 17 10 properties ..• . .. 3,709 13 7 General charges .. 2,388 16 10 Payment by Bank of New Zealand on 9,519 14 8 account of £50,000, payable on 31st Interest, Bank of New Zealand .. 258 16 6 March, 1896, in terms of "Bank of Loss, Waikato Coal Company .. .. 17114 0 New Zealand and Banking Act, 1895" 35,708 17 0 Revenue accrued, reversal entry at 31st Revenue accrued .. .. .. 2,194 1 1 March, 1896 .. .. .. 2,021 0 0 Interest suspended at 31st March, 1896, on account of New Zealand Estates Company, not paid, now reversed .. 836 11 8 Balance .. .. .. .. 49,964 16 5 Total .. .. ..£189,816 7 9 Total .. .. ..£189,816 7 9 Contingent Asset. £ s. d. Amount payable by Bank of New Zealand in terms of " Bank of New Zealand and Banking Act, 1895," deficiency for year ending 31st March, 1896 .. .. 14,291 3 0 Payable for year 1897 .. .. .. 50,000 0 0 Total .. .. .. £64,291 3 0 (Initialled) G. T. W. C. Cuff, Accountant. (Initialled) W. G. P. Note. —This is the statement referred to in my certificate of 6th July, 1897, as the "statement marked ' A.' " (Initialled) J. M. 8., Colonial Auditor.

Statement of Receipts and Expenditure for Half-year ending 31st March, 1897.

W. C. Cuff, Accountant.

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Receipts. Expeni liture. Capital. Properties sold and purchased Live-stock and implements sold and purchased Permanent improvements £ 124,416 37,095 s. d. 7 4 1 2 £ s. d. £ s. d. 728 6 10 13,488 14 6 £ s. d. 161,511 8 6 . 3,156 19 9 17,374 1 1 Income — General. Interest Interest on debentures ... Eent ... Payment by Bank of New Zealand Land-tax ... ... ... Eates and taxes Maintenance of properties Eealisation expenses ... ... General charges 662 4 7 4,014 16 2 | 35,708 17 0 292 17 5 189,419 13 8 7,130 17 10 243 3 5 690 2 10 761 8 2 2,388 16 10 Income — S tations. Wool, skins, kc. Grain, &c. Interest Eent ... Sundry receipts and disbursements Wages General expenses Eepairs, &c. Bates and taxes Cost, growing turnips Bush-felling and clearing Eenewing pastures 71,450 17 4 3,965 4 10 296 11 4 204 4 5 890 8 9 11,893 2 1 2,846 5 1 927 2 9 1,744 9 1 2,005 10 4 10,700 7 1 7,673 16 10 1,908 1 8 3,055 3 1 14,126 19 10 1,790 0 6 5,019 0 9 264,616 19 3 3,156 19 9 117,193 4 5; Expenditure on permanent improvements charged to capital as above ... £ £ 117,193 4 5 261,459 19 6