EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1923.

Appendix to the Journals of the House of Representatives, 1924 Session I, G-04

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1924. NEW ZEALAND

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1923.

Presented to both Houses of the General Assembly m pursuance of Section 14 of the Mangatu No. 1 Empowering Act, 1893.

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MANGATU No. I. Balance-sheet as at 31st Makuij, 1923. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ S. d. Public Trustee .. .. 55,059 18 9 Freehold property .. .. 195,237 0 0 Less amount on hand on Improvements .. .. 3,124 5 8 account of rentals .. 2,7211 14 5 Roads .. .. .. 2,0!)2 5 1 52,336 4 4 Survey expenses .. .. 287 8 (i Bank of Australasia — Advances — 5,503 111 3 Mortgage Account .. 10,0(H) o o Waingaromia and RangaInterest accrued .. .'i(i(i 8 !) tira .. .. 10,492 18 7 — 10,306 8 !) \Y. L. Roes .. .. 1,024 .1 1 Bank of Australasia — Sundry blocks .. .. 306 I In Current Account .. 5,864 3 10 Owners in Ma- £ s. d. Interest accrued .. 540 0 4 ngatuNo. 14,344 6 5 6,404 4 2 Distribution Native Trustee — Account .. 304 0 0 Mortgage Aocount ..20,000 o 0 4,648 0 5 Interest accrued .. 580 10 II Owner's appeal on account —% — —20,580 10 II of Blocks Nos. 1 and 4.. 402 12 0 Money advanced by way of loan — Owners on account of Royal Mangatu Nos. 3 and 4 Commission .. .. 78(i 13 I Blocks .. .. 3,944 15 4 18,350 13 3 Deposit on loan. . .. 500 0 0 Sundry debtors on Open AcInterest accrued on same.. 5 14 !) count .. .. 332 17 3 4,450 10 1 Outstanding rents .. 1,752 II Ii Sundry creditors on Open Account .. 98 6 5 2,085 8 !l Accrued land-tax .. .. .. 3,454 17 II Investments — £ s. d. P.B. Farmers' Meat CornCapital Account 105,083 910 pany (Limited) .. 500 0 (I Add Suspense Williams and Kettle (LiAcco u n t mited) .. .. 35 0 0 tr a nsferred, 535 0 0 being divi- Waitan g i r u a Live-stock (lend reoeived Account— £ s. d. from Te Paea Sheep ..3,387 2 0 Tait Estate 903 .15 2 Cattle .. 1,508 10 0 105,987 5 0 Horses .. 55 0 0 Less transfer 4,950 12 0 (o Waitangi- Waitangirua rua FarmAc- plant .. 416 10 4 count, being Less depreciabalance of Te tion ... 52 1 3 Paea, Tait Es. 304 9 1 tatc losses 5,648 19 2 \Y ait a n g irua One year's in- furniture .. 120 5 4 terest .. 37119 7 Less deprecia0,020 18 9 tion .. 15 15 7 159,900 6 3 110 9 9 Waitangirua ( I-'. M. Cleary Imprest Account) .. 50 0 0 5,475 10 IO (lllice furniture .. .. .. 15 15 0 Insurance paid in advance ~ 40 13 I Mangatahu Farm Account 10,283 13 10 Mangatahu live-stock — £ s. d. Sliee]i .. 0,942 7 8 Cattle .. 3,010 0 0 Horses .. 35 0 0 9,993 7 8 *20,277 1 6 Produce unrealized— Wait angirua £ s. d. wool .. 92 0 0 W a i t a ngirua mutton .. 186 1 0 278 1 0 Mangatahu wool .. 94 4 0 Mangatahu 041 5 0 mutton 735 9 0 1,013 10 0 Income Account .. .. .. 9,002 17 2 £257,597 8 10 £257,597 8 10 Auditor's Cektificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust lands, for the year ended 31st March, 1923, and my report on the audit of the accounts is contained in my letter of even date to the Minister of Native Affairs. Wellington, 4th October, 1923. Arthur T. Clarke, Auditor.

*As per Statement ol Account.

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Statements op Account for the Year ended 31st March, 192... Waitangirua Farm Account. £ s. d. £ s. d. £ s. d. To Wages and shearing .. .. 019 10 0 By Wool sold .. 703 0 4 Stores .. .. .. .. 325 0 8 ' Wool unrealized .. 92 0 0 Cartage .. .. .. .. 48 9 2 855 0 4 Repairs .. .. .. .. 33 13 I. Skins and pelts sold .. . . 47 13 8 Fencing .. .. .. .. 144 18 0 Profit from Cattle Account . . .. 300 7 3 Fire insurance .. £13 12 0 Profit from Sheep Account .. .. .1,065 10 6 Accident insuranco 10 2 5 Transfer from Capital Account, being 29 14 5 balance of Tait forgeries, and one Travelling-expenses .. .. 3 4 0 year's interest thereon .. .. 0,020 18 9 Telephone .. .. .. 30 17 11 Interest .. .. .. .. 1,753 13 3 Rates .. .. .. .. 537 II I I I icpreciation— Farming plant .. £52 1 3 Station furniture.. 15 15 7 07 10 10 Loss from Horses Account .. .. 22 15 O Management and office expenses .. 500 8 6 Balance to Income Account . . .. 4,700 3 9 £8,890 2 6 £8,890 2 6 _==~= | _=~== Income Account. £ s. d. £ s. d. To Balance.. .. .. .. 5,251 15 2 By Rentals .. .. .. .. 8,049 7 0 Interest .. .. .. .. 2,033 18 11 Dividend, Williams and Kettle (Li-Travelling-expenses .. .. 39 0 (I mited) .. .. .. .. 1 10 0 General expenses .. .. . . 3(1 0 0 Transfer from Waitangirua Farm Land-tax .. .. .. 10,663 18 5 Account .. .. .. 4,760 3 9 Land-tax accrued .. .. 3,454 17 11 Balance .. .. .. .. 9,062 17 2 Salaries .. .. . . .. 2110 7 Legal expenses .. .. .. 135 14 10 Commission, Public Trustee .. 191 13 7 Expenses of renewal of leases .. 467 18 (i £22,480 3 II £22,480 3 11 Sheep Account. £ s. d. £ s. d. £ s. d. To 970 2-and 4-tooth ewes at 15s. .. 727 10 0 By Consignment Account — 930 0-tooth and full-mouth ewes at 15s. 097 10 0 Net proceeds pelts .. 24 5 8 350 dry ewes at 10s. .. .. 175 0 0 555 carcases mutton .. 131 8 0 550 2-and 4-tooth wethers at 15s. .. 412 10 0 206 carcases mutton .. 201 1.8 9 80 rams at 2 guineas .. .. 168 0 0 417 12 5 1,050 lambs at 10s. .. .. 825 0 0 Nicoll Bros., proceeds 249 sheep and 361 lambs . . 792 17 3 4,530 3,005 10 0 Dalgety and Co. (Limited), 700 ewes .. ..848 15 0 Advance against 555 carcases mutton Donovan, G, 3 rams .. 0 5 0 (entry revised) .. .. .. 187 7 0 Bridge, C. H., 3 rams .. 0 0 0 Common, Shelton, and Co. £ s. d. Turnbull, A. 41., proceeds (Limited), 533 ewes '685 8 0 51 sheep and 99 lambs .. 180 I (I Mangatahu, 30 rams 08 5 0 1,840 4 9 Mrs. Wilkin, 3 ewes 3 18 0 Fencers —Meat supplied .. .. 12 3 4 Mrs. Wilkin, 3 ewes 3 18 0 Sheep on farm .. .. .. 3,387 2 0 10 Lincoln rams at 3 guineas, and charges £5 10s. 37 0 0 798 9 0 Farm Account .. .. .. 1,005 10 0 £5,057 2 6 £5,057 2 6

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Statements or Account for the Yeah ended 31st March, 1923— continued. Wool Account. £ s. (1. I £ s. d. £ s. d. To 112 bales wool unrealized .. .. 080 0 0 | lly Consignment Account — Advance against 9 bales wool Proceeds 9 bales wool .. 53 5 5 (entry revised) . . .. £25 4 0 Proceeds 00 bales wool . . 302 9 0 Advance against 06 bales wool Proceeds 58 bales wool .. 397 4 3 (entry revised) .. . . 234 8 0 Proceeds 55 bales wool . . 594 41 I 259 12 0 | 1,347 3 7 charges on part 37 bales wool Williams and Kettle, 28 per " Dorset " .. .. .. 44 13 8 bales wool .. .. 84 17 0 Farm Account .. .. .. 855 0 4 Williams and Kettle, 9 bales wool . . . . 45 17 0 130 15 (I Bank Asia, Advance on 5 bales wool (slipe), and quantity scoured wool 129 3I 1 Surplus 4 bales slipe wool 10 18 II Surplus quantity scoured 124 4 4 264 7 2 Poverty Bay Farmers — Proceeds pooled, slipe wool . . . . 5 0 3 15 bales wool unrealized .. .. 92 O ll £1,839 12 0 £1,839 12 O Horses Account. £ s. d. £ s. (I. To 0 horses at £5 .. .. 30 0 0 By Waitangirua—l horse .. .. 10 (I 0 Williams and Kettle—l bay £ s. d. Horses on farm .. .. 55 0 0 gelding .. .. .. 10 (I (I Farm Account .. .. ..22 15 0 G.S.F.M. Co.— 1 mare .. .. . . 7 10 0 1 gelding .. .. 0 0 0 1 gelding .. .. 4 5 0 E.C.C.—6 horses at £5 .. 30 0 0 03 15 0 £93 15 0 £93 15 (I Cattle Account. £ s. d. £ s. d. £ s. d. To 80 three-year steers at £4 10s. 300 0 0 By Poverty Bay Farmers Company— 40 cows at £3 .. .. 120 (I 0 Charges on beef transferred as since 15 two-year steers at £4 10s. 07 10 0 paid by bank .. .. .. 107 3 1 17 two-year heifers at £3 .. 51 0 0 E.C.C— 23 mixed yearlings at £3 .. 09 (I 0 22 bullocks at £5 .. .. 110 0 0 10 calves at £2 .. .. 20 0 (I 48 cows at £3 .. .. .. 144 0 0 1 bull .. .. .. 10 10 0 Cattle on farm .. .. .. 1,508 10 (I ■ 098 0 (I 180 Produce unrealized (190 quarters beef) .. 190 0 0 M.R. and Co.— 48 cows at £3 .. .. 144 0 (I 101 yearlings at £2 I.os. .. 252 10 0 R.F., 49 yearlings at £2 55... Ill) 5 0 Lewis, 1 cow .. .. 10 0 0 E.C.C— 20 two-year cattle at £4 .. 104 0 0 5 yearlings at £2 .. 10 0 (I 030 15 0 Loss on 190 quarters beef .. .. 44 10 10 Farm Account .. .. .. 300 7 3 £1,869 13 1 £1,809 13 1

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Statements op Account for the Year i.ndkd 31st March, 1923 — continued. Waitangirua Farm Account. £ s. d. Credits. Balance at debit, 31st March, 1922 .. 3,017 10 8 £ s. d. £ s. d. £ s. d. Debits. i Woo) sold .. 703 0 4 £ s. d. | Wool unrealized .. 92 0 0 Wages and shearing .. .. 019 10 O 855 0 4 Stores .. . . .. 325 0 8 Skins and pelts sold . . .. 47 13 8 Cartage .. .. .. 48 9 2 i Cattle Account .. .. 300 7 3 Repairs .. .. ..33 13 1 Sheep Account .. .. 1.005 10 0 Fencing .. .. .. 144 18 O 2,809 3 9 Fire insurance .. .. 13 12 0 Accident insurance .. 10 2 5 £4,500 5 8 Travelling-expenses .. .. 3 4 0 Telephone .. .. .. 30 17 11 £ s. d. Interest.. .. 1,753 13 3 Live-stock on farm. 31st March, 1923Less one vear's £ s. d. interest on Tait 4,828 sheep .. .. 3,387 2 0 loss .. 371 19 7 392 cattle .. .. 1,508 10 0 1,381 13 8 I I horses .. .. 55 0 0 Rates .. .. .. 537 11 11 Depreciation— £4,950 12 0 Farming plant .. .. 52 1 3 —__________ Station furniture .. .. 15 15 7 Horses Account .. ..22 15 (I Management and office expenses 506 8 0 3,751 19 2 7,309 9 5 Mangatahu Farm, Account. Debits. Credits. Compensation for improvements on 4,019 £ s. d. £ s. d. £ s. d. acres at £2 15s. .. .. 11,052 5 0 Sheep and mutton sold ..2,490 10 0 £ s. (I. Cattle sold .. .. 191 5 0 Sheep bought .. .. 7,729 1 8 Wool sold .. .. 1,007 3 7 Cattle bought .. ..2,373 12 9 Wool unrealized, 31st March. Horses bought .. .. 54 0 0 1923 .. .. .. 94 4 0 Plant and tools .. .. 107 2 0 Skins and hides .. .. 12 0 10 Wages and droving .. 038 3 2 4,410 5 5 Shearing and wool charges . . 246 17 8 Rent .. .. .. 14 16 0 Station requisites .. .. 10 3 0 4,410 5 5 Stores . . .. .. 220 2 3 Fire and accident insurance 8 2 3 Balance at debit, 31st March, 1923 ..£20,277 I 0 Building wall (river protection) .. .. .. 21 0 0 Cartage and railage .. 09 8 0 Travelling and petty expenses 4 12 (i Live-stock on farm, 31st March, 1923— Fiirnishing-allowance .. 30 0 0 £ s. d. Legal expenses re mortgage.. 129 4 0 8,255 sheep .. .. 0,942 7 8 Fencing-repairs .. .. 35 0 0 829 cattle .. .. 3,010 0 0 Interest .. .. .. 1,315 0 7 4 horses .. .. 35 0 0 Rates .. .. .. 188 9 0 Management and office ex- £9,993 7 8 penses .. .. 283 0 3 Advertising and commission 04 (i 3 Valuation fees . . .. 24 3 0 Repairs and shoeing .. 11 12 7 13,635 1 II 24,687 0 II MANGATU Nos. 3 and 4. Balance-sheet as at 31st March, 1923. Liabilities. Assets. Mortgage Account— £ s. d. £ s. d. Freeholds— £ s. d. £ s. d. Foster trustees . . .. 1,000 0 0 Mangatu No. 3 ..21,040 0 0 White and Nolan .. 8,000 0 o Mangatu No. 4 .. 18,000 0 0 — 9,600 0 0 39,640 0 0 Accrued (axes and interest . . .. 285 5 11 improvements— Capital Account .. .. .. 39,040 0 0 Fencing .. .. 577 18 7 Survey charges., .. 541 17 o 1.119 15 7 Revenue Account .. 4,513 4 0 Jjpss Income Account . . 134 I 0 4,379 3 0 Mangatu No. I .. .. .. 3,944 15 4 Sundry debtors .. .. .. 441 12 0 £49,525 5 11 £49,525 5 11 Auditor's Certificate. 1 have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 31st March, 1923, and my report on the audit of the accounts is contained in my letter of even date to the Minister of Native Affairs, Wellington, 4th October. 1923. Arthur T. Clarke, Auditor.

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Income Account for the Year ended 31st March, 1923. £ s. d. £ s. d. To Land-tax .. .. .. 32 8 5 By Rent .. .. .. .. 883 4 0 Rates .. .. .. . . 185 3 1 Legal expenses .. .. . . 59 9 0 General expenses .. . . .. 75 4 0 Interest .. .. .. .. 371 18 0 Management and office expenses .. 25 0 0 Balance .. .. .. . . 134 1 0 £883 4 0 t'BB3 4 0 Sir,— Wellington, 4th October, 1923. I have the honour to report that I have completed the audit of the accounts of Mangatu Block No. I for the year ended 31st March, 1923, also the accounts of Mangatu Blocks 3 and 4 for a similar period, and have pleasure in enclosing copies of same. Land-tax. —All the land-tax due has been brought into the accounts for the present year. I understand there is a possibility of a large portion of this being recovered from the Land and Income Tax Department. The balance of loss on Te Paea Tait Estate has now been charged to Capita] Account, and Revenue Account has been credited by a similar amount. This amount was originally charged against revenue, and has been held up for some years, but it has been finally decided to capitalize what is known as the Tait losses. • Penal Rates on Taxes. —Amounts of £14 17s. lid. due to the Waikohu County Council and £6 10s. 3d. due to the Cook County Council, being 10 per cent, penal rates, have been paid by Mangatu No. 1 Block. I understand these payments were made owing to the lack of funds in the hands of the East Coast Commissioner. You will observe that there is a new account appearing this year—namely, the Mangatahu Farm Account. This was a block that was taken over from the Tullochs, and a sum of £11,052 ss. was paid for improvements on 4,019 acres, being at the rate of £2 15s. per acre. In these accounts the whole of the capital and income and expenditure is in one combined account. This has been done with the sanction of the Commissioner, as it has been thought inadvisable to make any distinction in this block between the two accounts. Live-stock. —The live-stock on hand has been taken in at special rates, and not at the usual standard values. This is owing to the fact that it was thought that it would be unfair to write down the stock in the first year to the standard value. Stock Account. —1 have accepted without reservation the figures certified to by Mr. Syme, Farm Superintendent, and by Mr. J. Harvey, Agent for the Native Trustee at Gisborne. Mangatu Blocks 3 and 4— These accounts are incorporated in the accounts of Mangatu No. 1 Block, and a separate balance-sheet and Income Account have been prepared, which are enclosed herewith. Subject to the foregoing remarks, I certify that the accounts as signed by me arc, in my opinion, correct. I am, &c, Arthur T. Clarke, Auditor. The Hon. the Minister of Native Affairs, Wellington.

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