TAUPIRI COAL MINES, LTD.

Auckland Star, Volume XXXIII, Issue 94, 22 April 1902, Page 2

TAUPIRI COAL MINES, LTD.

The following report of the above company will be presetted to the shareholders at the annual general meeting, to be held at the company's office, Fort-street, Auckland, on Monday next: "The directors beg to present the balance sheet for the twelve months ending March 31, 1902. The profit and loss account for that period, after writing off 2J per cent, for depreciation on the machinery and plant of £19,770 8/9 viz., £494 5/, shows a net profit of £5771 7/. The balance brought forward from last year is £1,133 2/2, making a total of £6904 9/2. An interim dividend of 9d per share, amounting to £2700, having already been paid in October last, a balance of £4204 9/2 remains available, which your directors recommend to appropriate as follows: £2700 to payment of a dividend of 9d per share, the balance of £1504 9/2 to be carried forward to new account. Messrs E. W. Alison and Geo. Winstone retire from the directorate by rotation, but are eligible and offer themselves for re-election. Messrs O. B. Waymouth and R. E. Isaacs retire from the auditorship, but are eligible and offer themselves for re-election. The dividend will be payable on the 29th April." Profit and Loss, from April 1, 1901, to March- 31, 1902.—T0 mining expenses, ±.20,<44 19/3; rent and royalty, £2294 17/8; coal miners' relief fund, £78 18/; insurance (fire and accident), £305 13/6; head office expenses, £821 10/; county and road rates, £103 13/6; land and income tax, £300 19/4; bad debts £16 7/; advertising, printing:, stationery, travelling expenses, stamps, postage, telegrams, and nptties, £296 17/10; writen off for depreciation (on machinery, £19.770 8/9. 2J per cent), £494 5/; balance, profit, £5771 7/: total £31229 8/1. To balance taken to balance-sheet, £4204 9/2. By coal, £30,714 12/9; interest, £130; rents, £378 14/4; transfer fees, £6 1/: total, £31.229 8/1. By balance brought down, £5771 7/; by balance March 31. 1901, £3833 3/2; less dividend paid May, 1901, £2700.—£1133 2/2. Total £6904 9/2. — Less dividend paid October,-1901, £2700. Total £4204 9/2. .

Balance-sheet, March 31st, IPO2.—To capital—Bs,ooo shares at 20/, £85,000; 13 (V shares unallotted, £13,000: 72,000 shares at 20/, £72,000; sundry creditors, £1176 12/5; profit and loss, £4204 9/2. Total, £77,351 1/7. By coal mines, freehold and leasehold, £45.397 16/; extended machinery and plant, £6836 17/11; extended buildings, £12.95 12/6; extended branch line, £700 15/2 —£8833 5/7; Ralph's machinery and plant, £3362 13/; Ralph's buildings, £335 14/fi; Ralph's sidings, £717 2/11—£4415 10/5; Kimihia machinery and plant, £3455 10/6: Kimihia buildings. £475 6/3; KimiKla branch line, £2096 11/0—£6027 7/9; freehold investments, £600; mortgages, £500—£1100; fixed deposits, £4000; sundry debtors,£3B6? 1/: deposits on contracts, £.340; cash' in Bank of New Zealand, .£3397 19/11; cash in hand. £7 0/11—£3405 OAO. Total, £77,381 1/7.—Franz Scherff, Secretary.' Auckland, April 18th, 1902.—0. B. W Taym6uth, C.A., Glasgow; R. E. Isaacs, A.S.A.A., England, Auditors.