Bank of N.Z. Assets Realisation.
(By Telegraph.) From Ocr Parliamentary Reporter. Wellington, June 30. The annual report of the general manager for the Assets Realisation Board states tuat the conduct of the business by the Board daring the past year has proved extremely satisfactory, not only from a revenue-earn-ing, but also from a realisation point of view. The actual net profit for the year was £75.600. Sales of property have been made to the extent of 46.429 acres of country lands, realising £111,137, and of town and suburban lands realising £43,300. Prices hitherto unobtainable have been secured, owing to the enhanced value of produce and stock, and the sales have in all cases been effeoted without difficulty at cr over the reserve prices.
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Southland Times, Issue 14684, 2 July 1900, Page 2
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123Bank of N.Z. Assets Realisation. Southland Times, Issue 14684, 2 July 1900, Page 2
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