A piece of land at Venado Tuerto, 37 hectareas, say 91 A piece of land at Arrufo, 100 hectareas, say 247 A piece of land at Tostado, 50 hectareas, say 123 41,182 Since the beginning of the Company the total area of land sold has amounted to 709,549 acres (up to 30th June, 1910). It is calculated that the land comprised in the Bazan claim, to which reference is made later on, measures 582,914 acres. Upon this supposition the Company now owns 3,044,100 acres. The original price paid for the Company's lands worked out at about 3s. an acre. The original capital of the Company was £875,000, of which over £675,566 was paid to the vendors, leaving a balance of £199,434 to meet the preliminary expenses and the initial cost of opening up the new properties. After some years it was found necessary to write off a portion of the capital, and accordingly, in 1897, the Company's lands were re-valued at approximately 2s. 9d. an acre. The present Directors of the Company are:-- Mr. CAMPBELL P. OGILVIE (_Chairman_). Mr. IVOR BEVAN. Mr. GORDON H. BROWN. LORD HAWKE. Mr. LOUIS H. KIEK. Mr. T.E. PRESTON. Capt. The Hon. F.C. STANLEY. The London Office is at 779, Salisbury House, Finsbury Circus, London, E.C., and the Secretary of the Company is Mr. David Simpson. The Head Office in the Argentine is at 761, Avenida de Mayo, Buenos Aires, and the following are the principal officers of the Company in Argentina:-- Mr. HUGH M. RATTRAY (_General Manager_). Mr. W.B. WHIGHAM (_Manager of the Cattle and Lands Department at Sun Cristobal_). Mr. R.N. LAND (_Manager at Santa Catalina_). Mr. T. SCOTT ROBSON (_Manager at La Barrancosa_). Mr. G.L.C. GITTINS (_Acting Manager of the Woods Department_). SHARE CAPITAL. The original shares of the Company were £10 each. It was decided in 1897 to reduce them to £7 fully paid, which placed the capital at £612,500. Shortly afterwards each £7 share was converted into seven shares of £1 each. In 1906 the shareholders authorised the creation of £200,000 of fresh capital, which was issued to them in two blocks of £154,000 in 1906 and £46,000 in 1907. Fresh capital was authorised in 1908, viz., £187,500, of which £161,608 was issued in 1909, and further lots have since been issued, bringing the total amount of authorised capital to £1,000,000, and of issued capital at 30th June, 1910, to £982,347. An issue of £50,000 Six per Cent. Debentures was made in January, 1904; and the whole amount was redeemed on the 1st July, 1909. BAZAN LANDS.