noo 



Beport on Steam Cultivation. 



[Coleman, 



Liahilitles. 

 None. 



AsseU. 



By balance brought down 



, , book debts to this date 

 , , one pair driving-wheels"! 

 and sundry wearing I 

 parts paid for but notj 



£. s. d. 



38 12 10 



31 18 



18 



used 



£88 10 10 



But the affairs of the Company do not stand as well as the 

 balance-sheet and respectable dividend would suggest. One 

 important item on the debtor side has been forgotten, viz. depre- 

 ciation. We should have had a reserve-fund to provide for a new 

 set of tackle when the present apparatus is worn out, as assuredly 

 it will wear out in due course. Not less than 10/. per cent., on 

 tackle knocked about so much, would suffice, and this would 

 about swallow up dividend, balance, and book debts ; so that in 

 reality the affairs of the Company at the end of their first year 

 are square, with a small working balance to carry forward — 

 a result which, considering the difficulties to be overcome, is 

 satisfactory, and gives confidence for the future. 



Second Years Statement up to December 31, 1865. 



Capital Account. 



Dr. £. s. d. I Cr. £. s, d. 



To balance in band, Dec. 31, 

 1864 



Is 11 ' ■^y Messrs. Howard's rope-\ n a r 

 / porters J ' "* 



Balance 2 1 10 



£5 2 9 



,, stove and pipe, &c., for"! , ,„ . 



"Working Account. 



To balance in hand Dec. 31, "| 



i. S. 



d. 



1864 



, , cash received for field | 

 work up to Dec. 30, 18651 



38 12 10 



320 17 



£359 9 10 



Liahilities. 

 None. 



By wages .. 

 , , printing, &c. 

 , , coals 



J , management, &c. . 

 , , repairs, oil, &c. 

 , , solicitors, &c. 

 , , bank commission . 

 , , dividend paid 

 Balance 



Assets. 



2 9 



£. s. d. 

 134 3 6 



50 



43 8 3 



3 19 2 



2 1 7 



85 10 



33 9 7 



£359 9 10 



d. 



r>y balance brought down . . 33 9 7 

 , , book debts to this date 43 3 9 

 , , driving-wheels and sundry! 



wearing parts paid for > 20 

 but not used 



£96 13 4 



