55

H. -38b

Statement of Profits, and Interest thereon, to 31st December, 1920. 1920, July 29— £ 1918, Mar. 31— £ To cash .. .. .. .. 1,619,069 By Share of net profits to date .. 627,425 1920, Dec. 31— 1919, Mar. 31— To Share of net loss for nine months, to By Share of net profits to date .. 991,644 date.. .. .. .. 1,913,052 • Adjustment of profits on slipos, 1,619,069 1916-17 to 1919-20 .. .. 27.019 j 1920, Mar. 31— Special allowance on 1918-19 wools By Interest for one year, to date, on not realized and now cancollod .. 22,318 i profits of £627,425 .. .. 31,400 Allied Government rebates : Adjustment of rebates .. .. 353 1,650,469 Interest for one year, to date, on profits of £1,650,469 .. .. 82,523 1,732,992 Less one-half net loss for year, to date 605,117 (See Accounts to 3lst March, 1920) 1,127,875 Interest to date, on profits to 31st March, 1920, less interest on payments on account .. .. 5,195 Home and Allied Government rebates : Interest provided in former accounts and now cancelled .. 73,055 Proportion of reserve for contingencies made at 3lst March, 1918, and not required .. 16,010 Home Government: Transfer of balance of net loss, to date, on New Zealand profit-sharing wools charged in this account .. 740,607 Balance .. .. .. 1,619,009 £3,581.811 £3,581,811 1920, Dec. 31— £ To Balance .. .. .. .. 1,619,069 Division of Remaining Profits and Losses for the Nine Months ending 31st December, 1920. New Zealand, Wool and Sheep-skins. £ Losses rlivisiblc .. .. .. .. .. .. .. .. 5,482,923 £ New Zealand's share of losses .. .. .. .. .. .. .. 1,941,909 Less underwriting profit .. .. .. .. .. .. .. 28,857 Loss .. .. .. .. .. .. .. .. £1,913,052

By Authority : MAHCUS F. Marks, Government Printer, Wellington.- 1922.