The balance-sheet of the Tailevu Returned Soldiers’ Dairy Settlement. Fiji, for 1924 is now available, and makes interesting reading. The document on the whole must be taken as encouraging. The actual trading shows a profit of £337 15s 2d, as against a lost of £666 Is Bd. Such a result during> the second year of working the factory cannot hut, be regarded as very satisfactory, especially as unprecedented rains and floods were experienced (states n correspondent). A mortgage that was all eaten up in costs was referred to liy a debtor who appeared before Mr F.'K. Hunt. S.M.. at Auckland Magistrate’s Court. The debtor said that he had no equities at present. The house he was living in was valued at £6OO. .It was encumbered by a first mortgage of £550, and a second of £SO, which was just sufficient to pay the expenses of raising it. Counsel stiid that the propertv was worth £9OO. and c.t this the debtor offered to sell immediately.
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New Zealand Times, Volume LII, Issue 12093, 21 March 1925, Page 13
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164Untitled New Zealand Times, Volume LII, Issue 12093, 21 March 1925, Page 13
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