ASSETS REALISATION BOARD. BALANCE-SHEET FOR THE YEAR ENDED THE 31st MARCH, 1898, AND FOR THE HALF-YEAR ENDED THE SAME.

Appendix to the Journals of the House of Representatives, 1898 Session I, B-15a

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1898. NEW ZEALAND.

ASSETS REALISATION BOARD. BALANCE-SHEET FOR THE YEAR ENDED THE 31st MARCH, 1898, AND FOR THE HALF-YEAR ENDED THE SAME.

Laid on the Table of the House of Representatives in Terms of Section 52 of " The Bank of New Zealand and Banking Act, 1895."

I, John Maeten Butt, formerly the Auditor appointed under "The Bank of New Zealand and Banking Act, 1895," to audit the accounts of the Assets Bealisation Board, do hereby certify,—■ 1. That I have carefully examined the attached balance-sheet marked " A" and initialled by me, and the attached statement marked " B " and initialled by me, and the accounts and other material whereon the same are based. 2. That the said balance-sheet and statement are correct in every particular, and truly and fully set forth the position of the Board at the date thereof, subject to the following observations: — (a.) With the exception of live and dead stock and other station-working accessories, and balance due from purchasers, the values carried into the balance-sheet are book-values. (b.) Accrued Revenue. —This includes a sum of £1,050, claimed from the Bank of New Zealand on account of rent. The bank does not, I understand, admit liability. The amount is held in suspense pending settlement of the question of the title to the Fort Street Mill, Auckland. J. M. Butt, late Colonial Auditor. Wellington, 20th June, 1898.

A. —Balance-sheet at 31st Maech, 1898. Liabilities. £ t. d. Assets. Three-and-a-half per cent, debentures Properties as under:— £ s. d. outstanding (A) .. .. •• 2,630,285 6 9 Stations (C), per schedule .. .. 1,721,492 4 0 Bank of New Zealand, including station Freeholds (D) .. .. .. 460,385 510 overdrafts and credits (B) .. .. 3,628 11 7 Other properties (E) .. .. 163,377 12 11 Produce Advance Account (drafts drawn Amount paid in excess of Mr. Hean's against produce (B2) .. .. 66,095 0 0 valuation .. .. .. 54,507 0 0 2,399,762 2 9 Balance due by purchasers on account of sales (H) .. .. .. 61,935 5 1 Realisation Adjustment Account (I) .. 101,154 17 6 Cash Account (J) .. .. 44 4 7 Suspense Account (X) .. .. 730 0 5 Produce Consignment Account (K2) .. 66,095 0 0 Accrued revenue (L) .. .. 3,084 13 4 Profit and Loss Account .. .. 67,202 14 8 £2,700,008 18 4 £2,700,008 18 4 (Initialled) J.M.B. W. C. Cuff, Accountant. We hereby certify that we have carefully examined the foregoing balance-sheet and statement, and also the accounts and other material whereon they are based, and that such balance-sheet and statement are correct in every particular, and truly and fully set forth the position of the Board at the date thereof. . Geoege Told, Chairman. Wellington, 17th June, 1898. Walteb G. Posteb, General Manager.

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B.—Peofit and Loss Account for Twelve Months ending 31st Mabch, 1898. £ s. d. £ s. d. Balance at 31st March, 1897 .. .. 49,964 16 5 Net profit on stations .. .. .. 43,296 5 8 Land-tax .. .. £9,925 17 11 Payment by Bank of New Zealand on General charges (M) .. 4,179 1 9 account of £50,000, payable in terms of 14,104 19 8 Banking Act .. .. .. 39,391 211 Interest on debentures (N) .. .. 92,992 10 1 Revenue from freehold and other proAccrued revenue, reversal entry 31st perties:— March, 1897 .. .. .. 2,194 1 1 Rent (O) .. .. £7,183 1 7 Interest (N) .. 1,709 10 10 8,892 12 5 Deduct expenditure on account properties, repairs, &c. (P) .. 2,233 6 3 6,659 6 2 Interest, Bank of New Zealand Agencies (N) 532 14 10 Exchange (Q) .. 4 4 4 536 19 2 Waikato Coal Company, profit.. .. 135 5 4 Accrued revenue— Rent .. .. 1,155 9 7 Interest (L) .. 879 3 9 2,034 13 4 Balance .. .. .. .. 67,202 14 8 / £159,256 7 3 ,V. __________ £159,256 7 3 Contingent assets— Outstanding at 31st March, 1897 .. £64,291 3 0 Paid as shown above .. .. 39,391 211 24,900 0 1 1898 .. .. .. .. 50,000 0 0 , m .TA (Initialled) J. M. B. £74,900 0 1 (Initialled) G. T. (Initialled) W. G. P. W. C. Cuff, Accountant.

Statement of Receipts and Expenditure for the Year ending 31st March, 1898.

bos 1 Reci lipts. Expen iture. \d bei - -4. 7 Capital. Properties sold and purchased ... and implements sold ._. arjjijl, jpurchased Redemption of debentures Permanent improvements £ s. d. 32,576 16 0 86,542 13 8 £ s. d. £ 387 35,568 50,000 8,592 s. d. 0 0 6 5 0 0 5 11 £ s. d. 119,119' 9 8 94,547 12 4 General. Ifiteirfe_t Interest on debentures Bent'' 0, ... Payment by Bank of New Zealand Exchange Maintenance of properties Eealisation expenses Land-tax Charges Stations. Woql ftijid other produce Eent Ma'nurg'-shed Sundry,., receipts and disbursements' Miscellaneous ... J|e]feti&L&c.... Cost; oi-.gppwing turnips Stock'feeoTO ... GeneraLe^penses Eenewing pastures for grassing Bush-feUing, clearing and fencing Babbiting .... ItttewestJJila I... Ma__rB>r[g-e„. ■i,i.i adi Expenditure on permanent imments charged to capital on account of istations... 2,242 5 8 7,183 1 7 39,391 2 11 70 12 10 84,767 8 11 669 17 2 505 8 7 1,294 6 7 91 14 11 48,887" 3 0 92,992 10 1 66 8 6 2,233 6 3 5,325 2 8 9,925 17 11 4,179 1 9 16,377 4 8 3,491 0 3 513 9 4 321 1 8 283 14 11 13,193 9 1 5,163 9 8 4,056 2 7 7,570 19 10 5,673 7 0 4,597 3 4 10,514 5 5 8,679 13 10 1,636 7 8 589 7 11 8,934 11 0 114,722 7 2 87,32816 2 11,595 8 2 255,335 8 10 8,286 17 8 37,243 1 2 83,308 10 6 Balance Totals {292,578 10 0 292,578 10 0

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Realisations for the Year ending 31st March, 1898.

Property. Area. Sale Price. A. B. P. £ s. d. Auckland — Sundry Sections, Surrey Hills Estate ... Section s, Kohukohu Township Sections, Henderson Township Sections, Ponsonby Terrace, part Allotment 22 of Section 8 Sections, Kopu Township ... ... ... Part Fen court Estate Part Matamata Estate Part Waharoa Estate Onehunga Ironworks, sale bolts and iron Waikato Coal Company, proceeds old bill taken over by Liquidator Lots 28, 29, and 30, O'Neill Street Sections, Pah Estate Furniture, Pah Mansion Sections, Queenstown, Onehunga Part Lot 11 of Sections 1 and 8 and others, Onehunga Part of Bangiatea Estate Lot 22, Cambridge ... Sections, Morrinsville Township Waipareira lands Blenheim— Lot 171 of Section 16, Opawa Sundry Lots, Section 50, Omaka Lot 799, Wairau Eoad 'Christchurch — Sections 11, 16, 17, part Eural Section 74, Wilson's Eoad Section 103, part Eural Section 163, Eiccarton ... Sections, part Bural Section 96, Opawa, and Eural Section 64, Opawa Lots 168-169, part Bural Section 79, Sydenham Part Bural Section 985, Tuam Street ... Sundry Sections, part Eural Section 48, Ferry Eoad Sections 40-41, Bingsland Eural Section 4463 and others, Hornby Belfast lands, sales per Loan Company Dunedin — Sections, Clyde Street Section 42, Block 20, Filleul Street ... Sections, Battray Street Sections 28, 30, and 32, St. Clair Township Sundry Sections, Musselburgh Township (about) 22 1 20 0 3 17 0 2 38 364 ft. frontage 21 1 14 424 2 32 360 0 0 141 2 0 204 ft. x 156 ft. 45 3 34 3 2 24 0 2 27 107 0 15 10 0 9 1 24 57 3 3 6,486 6 6 203 0 0 20 10 0 1,024 6 8 600 0 0 2,177 14 6 194 17 6 350 0 0 285 18 11 81 12 9 30 0 0 2,489 19 10 1,061 19 1 50 0 0 176 0 0 535 13 4 6 10 0 340 0 0 57 3 3 0 10 2 0 0 0 10 100 0 0 135 0 0 15 0 0 0 3 1 0 2 30 675 0 0 700 0 0 8 1 27 0 2 0 0 0 Hi 2 2 13 0 2 0 183 0 39 991 10 0 120 0 0 1,500 0 0 598 0 0 70 0 0 1,500 0 0 708 9 9 „ ,/ n if Sections, Bishopscourt Section 3, Block 16, St. Kilda Section 49, Block 9n, Harbour and Blueskin Section 1 of 4, &c, " Waitati Farm " ... Sections 12 and 69, St. John's Wood ... Sections 10 and 11, Burk's Township ... Sections, Bavensbourne Extension Sections, Kelvin Grove Sections, Ascotvale ... Albion Brewery Balmacewen and St. Leonard's-on-Hill Section 8, Block 3, South Dunedin Part Section 55, North-East Valley Sections 4, 5, and 6, Gordon, with house ... ... Sections, Gordon Township ... St. Clair Park Estate 0 3 0 0 10 2 2 36 0 2 12 25 3 2 0 3 19 1 1 20 0 0 14f 63 1 20 30 0 0 0 0 20 0 1 36 7 1 15 3 3 28 0 1 25 1 2 35 69 3 36 0 10 0 0 26 0 0 23 6 0 30 15 0 3 745 0 0 901 9 6 5,487 10 0 260 0 0 4,686 10 0 163 0 0 190 0 0 11 0 0 630 0 0 425 0 0 10 0 0 20 0 0 242 9 0 172 0 0 13 10 0 8,100 0 0 2,208 0 0 55 0 0 9 10 0 125 0 0 479 10 0 527 12 0 'Gisborne — Section 124, Bright Street Hamilton — Lot 195, Kirikiriroa Kaiapoi— Northern Brewery, part Eural Section 319a Charles Street and Sewell Street property Sundry Sections, Charles Street and Cridland Street 0 10 50 0 0 250 0 0 150 0 0 3 1 16 0 0 32 1 3 0 1,000 0 0 400 0 0 140 0 0 Carried forward 50,686 12 7

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Realisations for the Year ending 31st March, 1898— continued.

Approximate Cost of Paper. —Preparation, not given; printing (1,435 copies), £il Is. 6d.

By Authority: John Mackay, Government Printer, Wellington.—lB9B.

Price 3d.]

Property. Area. Sale Price. Brought forward Masterton— ; Part Kakare Estate ... Milton— ! Sections 1-5, 17-19, Block 10, Fairfax Oamaru— , Section 1, Block 34 ... Phoenix Farm, part Section 56, &c. Timaru— i Part Eskbahk Kstate Bangitata, sale firewood Winton— Sections in Blocks 3, 4, and 13 Sections 2, 3, and 4, East Winton Sections 2 and 5, Block 19 Sections, Block 6, East Winton Wellington— Chaff-boxes, Carnarvon A. B. P. £ s. d. 50,686 12 7 357 2 0 876 10 0' 2 2 5 50 0 0 0 10 93 3 29 75 0 0 1,502 19 9 1,297 3 13 7,852 14 8 63 15 0 1 1 26 0 3 0 0 2 0 44 0 25 405 0 0 18 0 0 15 10 0 220 0 0' 20 0 0Total 61,786 2 a