8.—15 a

2

B.—Peopit and Loss Account foe Twelve Months ending 31st Maech, 1905. £ s. d. ] £ s. d. Transfer to Realisation Adjustment Ac- Balance, 31st Maroh, 1904 .. .. 144,076 2 3 count .. .. .. .. 144,076 2 3 Net profit on stations .. .. 21,060 11 1 Land and income tax .. £7,812 16 3 Revenue from freeholds and other proGeneral oharges .. 4,542 0 2 perties,— Rent .. .. £978 17 4 12,354 16 5 Interest .. .. 17,768 5 4 Less land and income tax paid 1904 and 1905 on 18,747 2 8 account of debenture- Deduct expenditure on holders refunded by aocount of properties.. 1,427 0 2 the bank .. .. 3,400 18 2 17,320 2 6 8,953 18 3 Revenue accrued .. .. .. 4,070 4 7 Intereet on debentures .. .. 57,377 18 8 Bank of New Zealand, — Revenue accrued —Reversal entry, 31st Payment in terms of Act £50,000 0 0 March, 1904 .. .. .. 4,569 6 4 Additional payment .. 125,532 1 8 Balance .. .. .. .. 147,081 16 7 175,532 1 8 £362,059 2 1 £362,059 2 1 Contingent Asset. Amount outstanding at 31st March, 1905, £ b. d. and due by Bank of New Zealand .. 50,000 0 0 Amounts previously received under this The balance of £147,081 16s. 7d. here shown represents head .. .. .. .. 450,000 0 0 the balance of the statutory payments by the bank after Additional payment for 1902 .. .. 101,135 0 0 providing for debenture interest, and is a contra to the „ 1903 .. .. 116,782 8 4 deficiency on realisations as shown in the balance-sheet as „ 1904 .. .. 125,532 1 8 " Realisation Adjustment Aocount," and to be transferred to that aocounfc as at Ist April. The relative cash has £843,449 10 0 been applied to the redemption of debentures. W. 0. Cuff, Aooountant. G. T. W. G. P. W. C.

Realisations for Twelve Months ending 31st March, 1905.

Property. Area. Sale Price. Surplus. Deficiency. Book Cost. Land-tax, plus 10 per Cent. Properties finally realised. Auckland— Lot 88, Whangamarino Lots 25-28, &c, Glenside A. B. P. 50 0 0 1 0 33-6 £ s. d. 75 0 0 650 0 0 £ s. d. 55 0 0 514 1 3 £ s. d. £ s. d. 20 0 0 135 18 9 £ s. d. 28 0 0 Tauranga— Kaiinai No. 1, Blook 4985 Iα .. Kaimai No. 1, Blook 4985 (half interest) Purakautahi, Blook 4345a (half interest) Kumi Kumi, Blook 4985D (half interest) Onga Onga No. 2, Blook 4985c (half interest) 1,033 0 0 2,853 0 0 463 0 0 2,617 0 0 3,057 0 0 [4,837 0 0 j 2,072 0 0 6,909 0 0 3,393 0 0 WellingtonLots 18-20, 47-49, Dreyerton 12 0 15 0 0 15 0 0 Properties partially realised. Auckland— Lot 22, Seotion 41, Surrey Hills Lots 17 and 18, Section 17, Surrey Hills .. Lot 13, Section 16, Surrey Hills Lot 10, Section 16, Surrey Hills Lot 6, Section 22, Surrey Hills Lot 9, Section 14, Surrey Hills Lot 14, Seotion 74, Surrey Hills Lot 17, Section 20, Surrey Hills Lots 7 and 8, Pah Estate Lots 5 and 6, Henderson Lot 10, Henderson Lots 100 and 107, Parish of Karangahape Part south-west portion Section 9, Karangahape 40' x 132' 92' x 115-6' 52' x 115-6' 38-6'x 132' 52' x 115-6' 40' x 115-6' 40' x 132' 40' x 115-6' 8 0 0 134 0 ]0 28 3 33 429 0 0 33 0 0 90 0 0 253 0 0 169 0 0 105 17 6 156 0 0 120 0 0 110 0 0 120 0 0 880 0 0 167 11 6 43 8 6 214 10 0 33 0 0 Carried forward 8,039 7 6 584 1 3 2,072 0 0 7,064 18 9