Auckland Timber Company.

Auckland Star, Volume XVII, Issue 214, 11 September 1886, Page 6

Auckland Timber Company.

The annual meeting of the above Company was opened at three p.m. on August 18, a fair itfmber of nhareholders being present. Captain Daldy (ChairDtian of Dlreotora), presided. The following ievort and balanco-Bh,eet were presented : -

Your oi ectors have muoh pleasure'ln pr^e-' senting to tho aliumholrlerd thoir ninth annual report, balance-sheet, and profit and loss account for the year endLnu the 30ih June, 1886. The operations of the Company for tha past ytar Bhow a net profit of £7,741 17s lid, while the total profit available for appropriation amounts to £32,153 8s Oi. Your direotoi-g reooramend the piyment of a dividend at tee rate of 71 per cent. for the year, which will absorb the sure of £3 96114 a, of which the Bnm of £S,SCI 14b was pild on the 22nd Kebrnary as an interim dividend, leaving a balance of £23.191 113 to be carried forward to new account. In accordance trith the last report of your dirootorß. the sum nf £1,0.0 has beeninvoaUdaa a flro insurance fund, which, with interest, now amounts to £1 033 8s 6d. Provision for bad and doubtful dobta has boon mude, and the sum of £666 16s fid written oft* as depreciation, making a tltalot «34,22 i4» 7d since tho formation of company. Tho director retiring by rotation Is H. G. Wade. Ksq.. -who is eligible for re-eU ction. You will require to eloot auditors and fix their remunera Mon, also directors' honorarium. The dividend will be payable on and actor Tuesday. The 24th msb, at tho Oompauy'usfflop,Custom-strret. West.—For the Board ot Directors. William O. Ualdv, Chairniau.—Auckland, 13th August, 1883."

Balanoe-sbeetf^r Twkt.vh Months Ending

33th Junk. 1886.

Liabilities.—To ospltal. 36.000 shares at £5, £ISJOQQ; less (6.030 shares umlloted at £5, £30,000; uncalled on 30.000 shares at £1. £30,000), £90.000. £120 000; reserve fund, £21.000. Amounts owing by Company, viz.: Bills payable, £68115s lid; Bank of New South Walw, £5,11316s lid: mill orders, unpaid, £585 164 lid; sundry creditors. £15,92> 10a 7*; balinee profit and loss. £23,191 Us 6d ; total, £222 80S Us 10 '. Assuts.—By properties and pl.nt, viz:— Freeholds, leasehold?, bolldings. machinery. wharves, &c, £101761 3a 10:1; vessels, £2.269 0s 3d; stocks, Auckland, £21,815 11bid; stocks, book debte. and advances to contractors at branohes. £74 897 3s 7d; book debts (secured and unsecured), AuekUnd, £12.69116s 2d : tire insuranoe fund, £1053 8s ad ; horses and drays, £301; Insurance premiums, rents, rat- s, etc, unf xplred, £337 88 sd; office furnliure, £125 6s 4d; bills receivable on hand £830 Us -Id ; cash in hand, £290 2a 2d. Total, £222,808 Us 10a.

Promt and Loss Account,

Dr.-Interim dividend paid in Febrcaiy, 1886, £5,961 lls; salaries, rates, rents, taxes, and sundriaj, f 6,137 la Si: discount, interest, and bad debts, £3 378 lls 81; depreciations, £665 163 6d ; marine lose (vessels), £350; balance, £26,191 llj 6d: To'a', £18,286 Is Id. Cr.—Balance from 30th Junn. 1885, £30.537 139 Id; less dividend paid, £9,836 2s fki; transfer fees. £61feBi; gross profit', £23,677 13s: Total, £16.286 Is Id.