8.—151

4

Realisations for Twelve Months ending 31st March, 1905— continued.

Statement of Receipts and Expenditure for the Year ending 31st March, 1905.

Property. Area. Sale Price. Surplus. Deficiency. Book Cost. jand-tftx, plus 10 per Cent. A. E. P. £ s. a. 86,252 0 2 £ s. a. 7,502 1 9 £ s. a. 2,072 0 0 £ s. d. 7,064 18 9 £ s. d. Brought forward Properties partially realised —oontinuea. Sundry— continued. Deficiency, being second mortgage for £1,000 over part Section 738, Hereford Street, Christohurch, against which there is now no asset, the first mortgage having realised no surplus, being available to provide for any portion of the second mortgage Land Purohase Board, Seotions 5-7, 12-14, Block 16, Waharoa Township, 2 aores 1 rood, included in award, previously sold to Mrs. Piokup J. H. Johnstone, adjustment of purohasemoney, part Section 8, Waharoa Commissioner Crown Lands, purchase of 27 acres 1 rood 30 perches, part Albury, to complete sale to Anderson Matamata, loss on realisation of live and dead stock in consequence of sale of property Matamata, Improvement Suspense Acoount transferred Lockerbie, Improvement Suspense Aocount transferred Fencourt Estates, Improvement Suspense Account transferred Awatere, Improvement Suspense Account transferred Realisation Expenses Account transferred — Agents' commission, surveying, advertising, law-costs, travelling-expenses, &c. Members' Travelling - expenses Aocount transferred Realised Estates Account transferred .. 1,000 0 0 29 6 8 0 11 3 83 6 3 5,410 15 0 43 19 9 2,440 0 0 587 0 0 396 0 0 1,881 19 9 58 1 0 75 6 1 Totals .. 86,252 0 2 7,577 7 10 14,002 19 8 7,064 18 9 Summary— Properties finally realised Properties partially realised 5,557 0 0 80,675 0 2 Total .. 86,252 0 2 W. C. Cuff, Accc .ntant.

Recei ipts. Expem liture. Capital. Properties sold and purchased Live-stock and implements sold and purchased Eedemption of debentures Permanent improvements £ 67,918 126,196 s. d. 9 3 3 9 £ s. d. £ 8. d. 1,659 18 6 51,188 18 10 £ s. d. 290,000 0 0 8,340 5 5 351,189 2 9 13 0 General. Interest account Interest on debentures ... Exchange Eent Payment by Bank of New Zealand Maintenance of properties Eealisation expenses and members' travelling-expenses Charges ... Petty cash Sundry disbursements ... 17,751 5 6 15 0 761 16 11 175,532 1 8 1 11 57,377 18 1 1 1,427' 0 3,580 11 8 8 6 2 9 581 7 0 3,463 5 1 12,508 13 90 0 16 12 7 0 3 198,091 1 2 75,003 9 7 Carried forward 392,205 14 2 426,192 12 4