B.—IOA.

B.—Profit and Loss Account for Twelve Months ending 31st Maech, 1900. £ s. d. £ s - d - Balance at 31st March, 1899 .. .. 43,313 2 3 Net profit on stations.. .. .. 87,455 10 11 Land-tax .. .. £9,162 V 5 Revenue from freeholds and other proGeneral charges '.'. 4,048 2 6 perties,— 13,210 911 Rent .. .. £3,392 17 5 Interest on debentures .. .. 88,098 13 5 Interest .. .. 4,570 9 0 Bxahange paid during the year .. 51 13 6 Revenue accrued, reversal of entry at 31st 7,90 d bo March, 1899 .. .. •• 2,054 15 3 Deduct expenditure on account of properties 1,140 9 8 Revenue accrued .. .. ■• 2,513 17 1 Bank of New Zealand, payment in terms of " Bank of New Zealand and Banking Act, 1895 " 50,000 0 0 Balance 1.936 9 7 Total £148,728 14 4 Total .. ... ..£148,728 14 i Contingent Assets. Amount outstanding at 31st March, 1900, £ s. d, and due by Bank of New Zealand in terms of Act ~ ~ .. 50,000 0 0 Amounts previously received under this head ~ .. ~ .. 200,000 0 0 W. C. Cuff, Aocountant.

Statement of Receipts and Expenditure for the Year ending 31st March, 1900.

W- C. Cuff, Accountant,

2

Becei ipts. Expeni liture. Capital. Properties sold and purchased Live-stock and implements sold and purchased Eedemption of debentures Permanent improvements £ s. d. 51,717 13 7 131,109 6 11 £ s. d. £ s. a. £ s. d. 47,091 5 4 ,827 0 61 55,285 6 9,367 1 9 3 111,743 13 4 General. Interest, &c. ... Interest on debentures Exchange Rent Payment by Bank of New Zealand Maintenance of properties Eealisation expenses and members' travelling-expenses, &c. Land-tax Charges 4,570 9 3,392 17 50,000 0 0 5 0 88,098 13 5 51 13 6 1,140 9 8 3,337 7 11 9,162 7 5 4,048 2 6 >Y,963 6 5 ,838 14 5 Stations. Wool and other produce Rent... Sundry receipts and disbursements Wages Repairs Rates and taxes Cost, growing turnips (stock feed) Renewing pastures for grassing ... Rabbiting Manure Accident insurance 82,226 15 4 684 1 8 1,111 6 9 13,761 0 10 2,430 8 9 4,909 17 11 20,249 2 9 3,749 9 9 3,712 4 2 6,244 6 8 9,854 19 4 259 9 2 10,940 5 8 29 11 3 255" 5 8 84,277 9 5 76,140 16 3 Expenditure on permanent improvements charged to capital on account of stations 9,354 7 3 66,786 9 0 Balance 40,698 19 7 £ 325,067 16 4 325,067 16 4