H.—278.

EXHIBIT No. 1. NEW ZEALAND FREEHOLDS AND BUILDINGS, LTD. Draft Profit and Loss Account to 30th June, 1934. (No adjustments made for accruing interest, &c.) £ s. d. £ s. d. To Insurance .. .. .. •• 65 12 1 Byßents .. .. .. .. •• 296 10 o Interest .. .. .. • - • • 910 1 10 Loss to date .. .. . • • • 998 3 9 General expenses .. .. .. •• 1900 Commission .. .. .. . • 78 0 0 Rates .. .. ■ • ■ ■ • • 34 11 10 Repairs .. .. .. .. • • 315 0 Legal expenses .. .. . • • • 133 13 0 Bad debts .. .. .. .. .. 40 0 0 Bad debts (Town Cash Stores, Ltd.) .. .. 10 0 0 £1,294 13 9 £1,294 13 9 Draft Statement of Assets and Liabilities as at 30th June, 1934. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Share capital .. .. .. 3,000 0 0 Freehold property .. .. .. .. 6,000 0 0 Less unpaid .. .. .. 1,000 0 0 Shares in Freeholds Ltd. .. .. .. 990 0 0 2,000 0 0 Fixtures and fittings .. .. .. .. 42 1 0 9-per-eent. debentures .. .. 4,000 0 0 Shares in Town Cash Stores, Ltd. (valueless) .. 100 0 0 Mrs. E. C. Alcorn .. .. .. •• 1,000 0 0 Balance at bank .. .. .. .. 12 17 10 Investment Securities Association, Ltd. .. .. 760 13 0 Tax Suspense Account .. .. .. 0 11 4 Alcorn, Trower, and Co., Ltd. .. .. .. 35 17 0 Profit and Loss Account: Loss to date .. .. 998 3 9 Miss E. R. Alcorn .. .. •• 347 3 11 £8,143 13 11 £8,143 13 11

Approximate Cost of Paper.— Preparation, not given ; prin'.ng 650 copies), £19 10a.

By Authority: G. H. Loney, Government Printer, Wellington.—l93s.

Price 9d.\

20