E.—ll

4

Mortgage of Fbeehold Account. Receipts. £ s. d. Expenditure. £ s. d. Balance, 31st December, 1905 .. .. 20,000 0 0 Loan on security of 6,001 acres .. .. 20,000 0 0 Statement of Balances. Cr. Accounts. £ s. d. ; Cr. Bank and Investment. £ s. d. Capital Account .. .. .. 20,587 15 8 I Drawing Account ~£1,217 13 7 General Account .. .. .. 441 6 3 Less outstanding oheques 188 11 8 1,029 1 11 Mortgage on freehold .. .. 20,000 0 0 £21,029 1 11 I £21,029 1 II William Loweie, Director. Examined and found correct. — J. W. Poynton, Deputy-Controller and Auditor. Approximate Cost of Paper.— Preparation, not given; printing (1,600 copies), £3 3s. 6d.

By Authority: John Mackay, Government Printer, Wellington.—l9o6.

Price 3d.}