H.—3o

89

APPENDIX F.

THE POVERTY BAY FARMERS' MEAT COMPANY (LIMITED). Balance-sheet of 31st August, 1923, as prepared by the Company and handed by Chairman op Directors to the Bank. Liabilities. Assets. Nominal capital:— £ s. d. £ s. d. £ s. d. £ s. d. 100,000 shares at £5 ..500,000 0 0 Steamer .. ..397,212 18 3 Subscribed capital:— Buildings .. .. 131,011 6 2 20,689 ordinary shares Cookhouse plant .. .. 538 9 5 8,086 preference shares Horses, carts, and harness.. 206 7 6 3,082 preference "B " Insulated trucks .. .. 1,214 1 1 28,971 shipping shares Motor-cycle .. .. 239 0 0 Motor-lorry .. .. 221 0 0 60,828 .. ..304,140 0 0 Plant and machinery .. 70,627 11 5 Less uncalled:— Railway-siding .. .. 2,522 15 7 3,782 shares at £2 15s. .. 10,400 10 0 Land .. .. .. 14,648 8 9 — 618,441 18 2 293,739 10 0 Office furniture .. .. .. 609 13 4 Less calls in arrears .. 20,099 11 2 Stocks and stores .. .. .. 9,830 7 1 —273,639 18 10 Consignments .. .. .. 12,759 19 5 Loan on mortgage .. .. .. 25,000 0 0 Advances to clients .. .. .. 3,949 13 8 Government debentures .. .. 7,000 0 0 Hydro-electric shares .. .. .. 3,950 0 0 Secured creditors .. .. .. 60,000 0 0 Sundry debtors .. .. 3,090 10 7 Unclaimed dividends .. .. .. 97 19 0 Bills receivable (taken in payment of calls) 15,235 6 0 Advances against consignments.. .. 7,385 2 3 Steamer Running Account .. .. 5,958 14 2 Bills payable .. .. .. .. 1,179 14 0 Steamer: General average and claims .. 2,469 14 6 Accruements .. .. .. .. 3,650 0 5 Workman: Arbuckle and Mackinnon .. 8,855 18 1 National Bank of New Zealand (Limited) 303,326 I 0 Imperial Government .. .. .. 2,192 5 6 "Admiral Codrington": £ s. d. Loss on consignments .. .. .. 3,024 11 6 Freight .. .. 35,267 10 5 Less general ex- £ s. d. penses .. 7,249 19 5 Disburse m en t No. 4 ..23,566 11 7 30,816 11 0 4,450 19 5 Sundry creditors .. .. .. 1,587 6 8 £ s. d. Profit and Loss Account .. 3,822 6 4 Less balance forward .. 770 15 11 3,051 10 5 £690,368 12 0 £690,368 12 0

APPENDIX G. THE POVERTY BAY FARMERS' MEAT COMPANY (LIMITED). Balance-sheet to 31st August, 1923, as reconstructed by the Bank. Liabilities. £ s. d. Assets. £ s. d. Capital paid .. .. .. ..273,639 18 11 Land, buildings, and plant .. ..221,228 19 11 Loan on mortgage .. .. .. 25,000 0 0 " Admiral Codrington" .. .. 70,000 0 0 Government debentures .. .. 7,000 0 0 Furniture .. .. .. .. 609 13 4 Mortgage on " Codrington" .. .. 60,000 0 0 Stocks and stores .. .. .. 9,836 7 1 Unclaimed dividends .. .. .. 97 19 0 Consignments .. .. .. 12,759 19 5 Advances against consignments.. .. 7,385 2 3 Advances to clients .. .. .. 3,949 13 8 Bills payable .. .. .. .. 1,179 14 0 Hydro-electric shares .. .. .. 3,950 0 0 Accruements .. .. .. 3,650 0 5 Sundry debtors .. .. 3,090 10 7 Workman: Arbuckle and Mackinnon .. 4,450 19 5 General average and claims .. .. 2,469 14 6 Sundry creditors .. .. .. 1,58768 National Bank of New Zealand (as on 10th 327,888 18 6 September, 1923) .. .. ..325,402 9 7 Excess of liabilities over assets .. ..381,504 11 8 £709,393 10 2 £709,393 10 2

12— H. 30.