4

B.—ll

Capital Account. Receipts. £ s. d. Expenditure. & s. d. Balance, Ist January, 1903 .. .. 20,587 15 8 Balanoe, 31st December, 1903 .. .. 20,587 15 8 Mortgage of Fbeehold Account. Receipts. £ s. d. Expenditure. £ s. d. Balanoe, 31st Deoember, 1903 .. .. 20,000 0 0 Loan on security of 6,001 acres .. .. .30,000 0 t Statement of Balances. 'Or Accounts. £ s. d. [ Or. Bank and Investment. £ s. d Capital Ao'oount .. .. .. 20,587 15 8 Drawing Account ..£1,310 i 7 General Account .. .. .. 151 12 6 Less outstanding oheques 570 16 5 Mortgage of freehold .. •■ 20,000 0 0 £20,739 TH £20,739 8 2 William Lowkie, Director. Examined and found correct.— J. K. Warbueton, Controller and Auditor-General.

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