7. SECOND ANGLO-SCOTTISH BEET SUGAR CORPORATION, LIMITED-YORK (POPPLETON), FELSTEAD AND CUPAR FACTORIES. 240,500 0 0 5 per cent. Mortgage Debenture Stock, Guaranteed by H.M. Treasury ... 865,000 0 0 Sundry Creditors and Credit Balances ... Profit and Loss Account 120,078 15 1 17,524 5 11 Sugar Factories at York, Felstead, and Deduct Depreciation ...1,019,091 15 0 Materials or Stores at or under Cost ... 17,500 0 0 Stocks of Sugar and By-Products at or under Market Sundry Debtors and Debit Balances ... ... 1,001,591 15 0 16,627 8 7 £1,243,103 10 36,261 0 9 77,307 6 7 Auditor's Report. On behalf of the Board, Glasgow, 16th June, 1927.-I have audited the Books and Accounts of Second Anglo-Scottish Beet Sugar Corporation, Limited, for the eighteen months ending 31st March, 1927, and have obtained all the information and explanations I have required. In my opinion the above Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of my information and the explanations given to me and as shown by the books of the Company. Ordinary Shares of £1 each 290,000 00 200,000 Deferred Shares for the year ended 31st, March s expenditure is being incurred in in respect of buildings, machinery and on Loans 13,859 6 4 Debtors and Debit Balances, less Reserve for at Bank, in hand and Debit Balance as at AND Co., Wall Buildings 9. BRITISH SUGAR MANUFACTURERS, LIMITED-WISSINGTON FACTORY. BALANCE SHEET AS AT 31ST MARCH, 1927. 350,000 0 0 Less Calls in arrear ... 1,270 0 0 265,374 15 6 348,730 0 0 Less Depreciation ... 6,634 7 4 6 per cent. First Mortgage Debentures Add Interest accrued to date 250,000 0 0 258,740 8 2 6,427 14 8 National Provincial Bank, Ltd.: Add interest accrued to date Additions during the Year 68,226 7 4 ... Preliminary Expenses, including Underwriting Commission and Expenses in connection with Debenture Issue 8,353 9 8 800 0 0 7,553 9 8 ... 1,925 6 5 ... ... 42,313 0 7 £ s. d. 39,040 9 11 £677,922 13 0 Report to the Shareholders of British Sugar Manufacturers, Limited : Director We have audited the foregoing Balance Sheet and have obtained all the information and explanations we have required. such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of our information and the explanations given to us, and as shown by the Books of the Company. The value of the Stocks and Stores on Hand, as certified by the Officials of the Company, has been accepted by us as correct. 10. THE CENTRAL SUGAR COMPANY, LIMITED-PETERBOROUGH FACTORY. Capital: £ s. d. Authorised:-200,000 Ordinary Shares of £1 each ... Issued:-175,000 Ordinary Shares fully paid 5 per cent. Guaranteed Debenture Stock Sundry Creditors and Provision for Accrued Charges Freehold Land, Buildings, Roads, Railways, Plant and Machinery-at cost ... ... ... .200,000 0 0 Reserve for Depreciation... Reserve for Income Tax ... ... ... ... ... ... ... Office Furniture and Fittings-at cost Profit and Loss Account.-Balance for period from date of Incorporation to 31st March, 1927 Note.-There is a Contingent Liability in respect of Calls not yet due on the Shares in the Yorkshire Sugar Company. WM. A. FERRIER, Chairman. We have audited the books and accounts of The Central Sugar Company, Limited, for the period from date of Incorporation-14th 11. THE ORCHARD SUGAR COMPANY, LIMITED-GREENOCK FACTORY. 5 per cent. Mortgage Debenture Stock... Note. An arrangement has been come to under which £6,000 of the £28,000 of the Stock allotted in settlement of the balance of Contract for erection of the Beet Factory will be surrendered, and the cost of the Factory correspondingly reduced. There will also be surrendered 96,000 Premium Shares of 2s. 6d. each. ... ... ... Loan and Accrued Interest guaranteed by H.M. ... ... ... ... ... 50,000 0 0 ... ... 45,000 0 0 Investments at cost ... ... 52,291 0 0 As at 31st March, 1926 Note.-The Property and Plant are mortgaged in ... Expenditure incurred on 1927 Crop ... ... Sundry Debtors and Debit Balances ... ... 147,291 0 0 Cash in Hand ... ... ... 4,182 7 10 42,214 14 0 74 0 1 |