WELLINGTON SHOW ASSOCIATION (INCORPORATED).

NZ Truth, Issue 1145, 10 November 1927, Page 4

WELLINGTON SHOW ASSOCIATION (INCORPORATED).

Condensed Balance-Sheet, {September 30, 1927.

LIABILITIES ASSETS £ £ , £ £ Creditors 16 t55 Cash 6,245 t668 Accumulated Funds 9,505 *.2,133 Debtors for space .. 27 f2GS Subscriptions ... 62 f29 Tea-room Equipment 160 t6O ' Office Furniture 60 *43 Expenditure on New 1 . Building- Site: Road v . . Deviation, £2300; Salary, Manager, V £520; Survey fees,, £55; Advertising,---£SO; Printing, £17; Labor on Site, £15 2,957 »2,957 £9,521 * £2,078 , [ £9,521 «£2,078 Note: • Indicates increase and t decrease compared with last year's figures.

tember 30, 1927, the outstanding fea-' ture is the fall m admission money compared with 192 G. In the latter year the amount was £2573 m 1927 it dropped to £1914, a decrease of £959: A fall of approximately 33 1-3 per cent, m the year's takings is too big to be passed lightly over and attributed to weather and general financial depression. "Fiat Lux" is of opinion that the. executive would dp well to look a little nearer horne — to the quality of the show — for the explanation of the. big drop m revenue. Space fees also suffered a sever© setback, falling from £1233 m 1926 down

NEW AMERICAN GOLD DREDGE FOR HARTLEY & RILEY CLAIM. The Directors of the Hartley and Hiley Consolidated Gold Dredging Company, Ltd., have now decided to place an order immediately for the latest type of American Gold Dredge. This is to be constructed by a prominent American i concern, the same Company which has constructed many Gold Dredges now operating successfully throughout the world. In placing this order, the Company will save several thousands of pounds on the original estimates and will secure the type of Dredge which will successfully work the 9 miles of river. Intending investors still have an opportunity of securing shares m the Hartley and Riley Company, but as the number of, shares is limited, early application is necessary. Shares, which are 1/- each, are , obtainable on payment of 3d. per share on application. 3d. on allotment, 3d. on March 7th and 3d. on August Ist, 1928. Just as soon as the balance of the shares is taken up, the Company will be listed on the Stock Exchange, and it is anticipated that the ; shares will rapidly rise to a substantial premium. Shareholders applying for shares before the 15th irist. will receive preference should the capital be oversubscribed. Apply to-day for shares or copies of prospectus to A. H. Kitto, Secretary, Southern Cross Building, Chancery Street, Auckland.*

principles of accountancy to charge up part of the chief executive's salary to capital expenditure under existing circumstances. If this £520 had been included as part of the year's running expenses salaries would show an increase for the period of £434. The net result of the year's working was a profit of £2133 against £3056 m 1926, a decrease of £923, The balance-sheet shows that the accumulated funds of the Association now total the very handsome sum of £950.5, being an increase for the year of £2133. The assets consist chiefly of cash, most of which is earning interest on deposit. Expenditui-e on the new building site during the year is shown m detail m the balance-sheet and amounts to £2957, including £520 of the manager's salary. The bulk of the money required for the new , building is expected to be raised on debentures as and when required.