ASSETS REALISATION BOARD-

New Zealand Herald, Volume XXXVIII, Issue 11716, 26 July 1901, Page 3 (Supplement)

ASSETS REALISATION BOARD-

THE BALANCE-SHEET. The general manager of the Board reports the following figures,/which,, he says, are satisfactory:—From, stations, £63,019 sundry properties, £13,750 /payment Bank of ; New : Zealand, £50,000: ■' total, £126,769; ; less debenture interest,' £84,095; land and income tax, £7991; changes, etc., £6856;; dr. balance, / £1936: ; total, £100,890; showing a surplus over / expenditure; of £25,878 / towards / realisation' deficiency, /-to which must be added £50,000 payable Iby ithe bank to ; March :31 last. : / The realisations last year were £63,019 for station properties, as / against f £87,455; in j 1890, ): and £10,907 if or sundry properties, as against ? £6822 !in 1 1900. The j £50,000 due by / the ■ bank oh March 31 had / not' ; apparently';. been ;/ handed : in > on; June 27, the dato of the report. : .;< ■ The manager states J that: realisation sales have been in smaller voluino and' value than the previous > year, : especially ;in ' regard -to country properties, : the demand for which, except in ' dairying / districts, has , eased off very j considerably, in consequence of i the shortening of the resources of would-be purchasers, due to the shrinkage in value of produce and the local advance in price for stock. The sales of land amounted/ to £92,451, and of stock / and implements £9260: • total, £101,711. ' Tho sales ;for the period 18951901 total £685,282. Canterbury heads the list of realisations with £222,064, the Auckland figures being : £216,848; Wellington, £88,981; .and/Otago,' £67,163./ The results frcm station properties are said; to be good, and the Waikato properties have, since 1895, provided a steadily increasing proportion of the station properties. ' ;■//: The balance-sheet is-as' follows: ■y Liabilities: Three and a-half per cent., debentures issued,' £2,680,285; since redeemed, £305,285; leaving £2,375,000. ;.-■,' Produce advance account—Drafts.'( drawn against shipments, £38,679, Colonial Consignment Company,' London, produce account, £336 Bank of Now ; Zealand, including station overdrafts and credits, £40,968; /profit and loss account, £25,878:/total,-£2,480,862. : ' : ■:. Assets: Stations per schedule, £1,495,080;? other freeholds, £302,955 other : properties, £155,435; amount paid in (excess of Mr. Hean's valuation, £54,507; balance duo '- by purchases, £196,341; realisation adjustment account, : £180,502 , Government debenture account, \ £38,500; ; accrued revenue account, £2838; cash account, £35;, suspense accounts, £« ill -'--" 1 P ro , dl,C9 consignment account, £51,346: total, £2,480,862. / '