MELBOURNE STATION PRODUCE REPORT.

Hawke's Bay Herald, Volume XX, Issue 3917, 28 May 1877, Page 2

MELBOURNE STATION PRODUCE REPORT.

J. H. Clough & Co.'.s Report. Melbourne, May 2, 1877. Wool. —We have still to report but little doing here. We have received into store a few lots of greasy and hand-washed descriptions, which will be offered shortly by auction. In the meantime we are selling the usual odd lots at our skin sales, all of which fetch satisfactory prices. Sheepskins. —Our usual sales of the week have been well attended, and we have disposed of a full supply of both green and dry skins at full rates viz : —Green skins, 2s to 5s ; dry skins, Is 6d to 3s Gil each ; and station skins, 3A-d to 7d per lb. Hides. —-We have to report a firm market at advanced prices. We have sold an average supply during the week as follows, viz : — Green Ox, 22s to 30s ; cow, 15s to 20s each ; Victorian salted, 4d to 4id ; New Zealand, 5d to s£d; and calfskins, 5d to sgd per lb. Tallow. —We have also to note an advance in prices in this article since our last. Our sales have been as follows, viz. —for

inferior, £27 to £30 ; mixed, £32 to £35 ; beef, £32 to £34 ; and mutton, £36 10s to £37 10s per ton.

Fifty-third report of the directors of the Bank of Ncav South Wales, to the halfyearly meeting of the proprietors, held at the Chief Banking House, on Monday, the 30th day of April, 1577.

Aggregate balnnce-shect of the Bank of New South Wales, ending March 31, 1877, including London Branch to December 21, 1576, and New Zealand Branch to March 5, 1577. Dit. & s. d. To Bank Stock . . . . . . 1,000,000 0 0 To Reserve Fund . . . . 420,000 0 0 To Notes in Circulation . . . . 717,244 0 0 To Bills Payable . . . . 2,377,711 1 * To Deposits and other Liabilities.. 8,591,030 10 9 To Profit and Loss . . . . 121,402 10 9 £13,228,103 2 4 Cr. £ s. A. By Coin and Cash Balances . . 3,554,452 12 9 By Bullion in hand and in transit to London . . . . . . 197.350 0 4 By Government Securities . . 500,000 0 0 By Notes on other Banks . . 16.450 0 0 By Bank Premises . . . . 241, 74S 12 10 By Bills Receivable, Bills Discounted, and other Debts due to the Bank . . . . 8,721,328 2 4 By Insurance Account . . . . 6.71S 14 1 I £13,223,10S 2 i

Profit and Loss, March 31, 1577. Dr. £ s. d. March 31, 1877 To Rebate (at current rates) on Bills Discounted not due to this date . . . . . . 20,510 13 11 To Dividend at the rate of 15 per cent, per annum . . . . 75,000 0 0 To Bonus at the rate of 2i per cent. per annum . . " . . . . 12,500 0 0 To Augmentatation of the Reserve Fund .. .. .. .. 10,000 0 0 To Balance carried to " Profit and Loss," New account . . . . 3,451 16 10 £121,462 10 9 CR. £ s. d. Sept. 30, 187 C. By Amount from last Account . . 3,280 3 3 March 31, 1877. By Balance of Half-year's Profits after providing for Bad and Doubtful Debts, and including recoveries from Debts previously written oft as bad .. .. .. 118,182 7 G £121,402 10 9

Reserve Fund, March 31, 1577. Dn. £, s. d. March 31, 1577. To Balance .. .. .. .. 430,000 0 0 £430,000 0 0 Cr. Sept, 30, IS7O. By Balance . . . . . . . . 420,000 0 0 March 31, 1577. By Amount from Profit and Loss . . 10,000 0 0 £430,000 0 0 Audited 28th April, 1877. JAMES H. NEALE, Audito ,. q J. S. HARRISON J Auuitois.