BOW-RON BROS. EXPORT TRADING COMPANY.

Dominion, Volume 3, Issue 914, 6 September 1910, Page 4

BOW-RON BROS. EXPORT TRADING COMPANY.

AUDITOR'S .CERTIFICATE. (To tlie Editor.) Sir,—ln answer to certain queries which appeared in your columns in regard to the proiita made by the business acquired by the above company, I beg to quote the following certificate, dated September 2, and signed by three well-known professional accountants, viz.:— "We have compiled tlie foregoing accounts from the books of Bowrou Brothers and Company, Ltd., and hereby certify that the nett profitsfrom, the business of leather, manufacturing, grindery, and fcllrooiigering—excluding income and expendituro arising from investments and ' other sources—are as follows:— ... ' '£ 8. d..'. . : 14 months to Soptem- r '. ber 30, 1908 21,815 5.7 - 12 months to September 30, 1909 ,21,207 2 2 ■ "The company, during the year ending September 30, 1909, wrote off bad , debt amounting to , 4s. 6d., which we have- not charged against " the profits, as the. debts Were in- ■ curred prior to August 1, 1907. No .reserve fund has beeh^created for bad debts, 1908-9, the - sum oi £614 ' . 18s. 4d. is. allowed for depreciation, but nothing was allowed in 1907-8. : No rent has'been charged'for city', office and' warehouse." ■ (Signed) .'■-■' ." ' A.. S. BISS, P.N.A.A.,. F.F.1.A., Professional Accountant, Wellington.C.MORTON OLLIYIER.EJ.A.N.Z. . Professional Accountant, ; -.■'•'■■■ Christchurch. ROBERT H. MODLIN, F.C.A. and K.S.A.A., Eng. and Wales,; Chartered Accountant, '. . '.'".,•';'■• Christchurch. We may mention that Bowron Brothers and Company, Limited, was incorporated on August. 1, 1907.—1 am, etc., - For J. Earle Hermann,' Limited, ; ; J. EARLE HERMANN.. THOMAS MAUDE/.. Solicitor, . -.-■' . .'Christchurch, ..-'.'.-•- September 5. \ :.';...'..