NEW ZEALAND AND RIVER PLATE LAND.
Once again, and notwithstanding the fact that conditions in Argentina have been less favourable for some time past, the report of the New Zealand and River Plate Land Mortgage Company, for the year ended October 31st, is a good one. The net profit was £78,116, being practically the same as for the previous year. The dividend of 9 per cent. is main- tained, while the Reserve is now raised to 2,330,000, by the allocation of £15,000 from profits. The amount carried for- ward is also rather higher at 245,793. The balance-sheet shows that loans on mortgage in the River Plate totalled 11,450,440 as compared with 21,323,465 a year ago.