EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1925.

Appendix to the Journals of the House of Representatives, 1925 Session I, G-04

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1925. 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, 1925.

Presented to both Houses of the General A ssembly in 'pursuance of Section 14 of the Mangatu No. 1 Empowering Act, 1893.

MANGATU No. 1. Balance-sheet as at 31st March, 1925. Liabilities. Assets. Public Trustee— £ s. d. £ s. d. £ s. d. £ s. d. Mortgage Account Freehold property .. .. 195,237 0 0 (General) .. .. 42,800 6 2 Roads.. .. .. 2,092 5 1 Less amount on hand on Survey expenses .. 287 8 6 account of rents .. 2,258 3 9 2,379 13 7 40,542 2 5 Advances— Mortgage Account (Puku- Waingaromia and Rangatarewa) .. .. 15,000 0 0 tira .. .. 10,492 18 7 Interest accrued .. 32 1 0 W. L. Rees .. .. 1,624 1 1 15,032 1 0 Sundry blocks .. 345 18 7 Mortgage Account (Wai- Owners in Mangatu No. 1 4,903 10 3 rere) .. .. 50,000 0 0 Distribution Account .. 304 0 0 Interest accrued .. 1,491 15 8 Owners on account of 51,491 15 8 Royal Commission .. 1,229 18 4 Native Trustee— Owners' appeal on acMortgage Account .. 20,000 0 0 count of Blocks Nos. Interest accrued .. 580 10 11 1 and 4 .. .. 556 15 6 20,580 10 11 19,457 2 4 Bank of Australasia — Valuation and Arbitration Current Account .. 11,581 11 7 Account .. .. .. 57 15 0 Interest accrued .. 179 2 2 Sundry debtors— 11,760 13 9 On Open Account .. 6,040 1 5 Money advanced by way of Outstanding rents .. 1,013 9 8 loan— ' " 7,053 11 1 Mangatu Nos. 3 and 4 Investments— Blocks .. .. .. 4,775 13 5 Poverty Bay Farmers' Sundry creditors on Open Meat Company (LiAccount .. .. .. 1,960 6 11 mited) —Shares .. 5 0 0 Mangatahu Station— Williams and Kettle (LiCurrent Account .. .. 1,553 4 4 mited) —Shares .. 35 0 0 Capital Account .. .. 159,471 6 3 40 0 0 Mangatahu Station—• Live-stock .. .. 8,866 18 0 8,866 18 0 | Pukutarewa Station Account .. .. 11,879 1 11 Live-stock .. .. 4,545 14 11 16,424 16 10 Waitangirua Station Account .. .. 3,274 8 1 Live-stock .. .. 4,858 15 0 8,133 3 1 Wairere Station Account.. 27,328 6 1 Live-stock .. .. 19,215 8 5 — 46,543 14 6 Office furniture .. .. .. 15 15 0 Produce unrealized— Pukutarewa—Wool .. 80 0 0 Waitangirua—Wool .. 10 0 0 90 0 0 Income Account .. .. 2,868 5 3 £307,167 14 8 £307,167 14 8 Auditor's Certificate. I have audited the accounts of Mangatu No 1 Block, East Coast Native Trust lands, for the year ended Ist March, 1925, and my report on the audit of the accounts is contained in my letter of even date to the Hon. the Minister of Native Affairs. Wellington, 7th September, 1925. Arthur T. Clarke, Auditor.

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MANGATU No. I—continued. Income Account for the Year ended 31st March, 1925. £ s. d. £ s. d. £ s. d. To Balance, 31st March, 1924 .. .. 4,814 6 3 By Rents .. .. 8,159 17 2 £ s. d. Dividend .. .. 2 2 0 Interest .. .. 3,391 18 10 8,161 19 2 Commission.. .. 223 14 2 Balance .. .. .. 2,868 5 3 Land-tax .. .. 1,801 12 5 ' Legal expenses .. 71 15 3 Committees' travellingexpenses and fees .. 142 17 6 Rates .. ■ .. 285 3 1 Valuation fees .. 66 5 0 Survey expenses .. 40 0 0 Management and general expenses .. 192 11 11 6,215 18 2 £11,030 4 5 £11,030 4 5 Statement of Accounts for the Year ended 31st March, 1925. Waitangibtja Station. Mangataiu; Station. Balance at debit, 31st March, & Balance at debit, 31et March, 1924 .. 14,923 11 1 1924 .. .. .. .. 8,389 12 6 Debits. Deb, «- „ £ s. d. s * Grass-seed and sowing .. 113 8 6 Sheep bought .. .. 173 0 0 Fencing 635 19 4 Cattle bought .. .. 415 0 0 Building 51 9 5 Worses bought .. . . 800 17 3 -Plant .. . • .. 16 110 Sheep bought .. .. 659 5 6 ' Wages, permanent hands .. 733 0 0 Cattle bought .. .. 37 10 0 Casual labour—Droving, Horses bought .. .. 60 0 shearing, &c. .. .. 338 13 8 Wages, permanent hands .. 538 0 0 Repairs and maintenance .. 375 0 11 Casual labour—Droving, Fire and accident insurance.. 19 21 shearing, &c 365 16 2 Stores .. .. .. 214 110 Repairs and maintenance .. 302 5 6 Rates and taxes .. .. 203 17 0 Chaff 95 5 0 Telephone .. 4 19 6 Fire and accident insurance.. 36 010 Cartage and railage .. 137 8 1 Rates 411 19 3 Mail charges .. .. 8 18 10 Cartage and railage .. 123 2 0 Interest .. .. .. 848 15 6 Stores .. .. .. 181 12 9 Management and office exTelephone .. .. 16 14 2 P enses '' 30 l [[ Interest 594 16 3 Subscription to dog-trial lunds 5 5 0 Legal expenses .. .. 44 0 "* ' ~ * Management and office expenses .... 166 15 3 „ 18 ' 74b 18 9 3,539 6 8 Credits. Surplus on wool unrealized, 12,729 16 5 31st March, 1924— £ s. d. £ s. d. Credits. Realized .. 3,345 12 3 Surplus on wool unrealized, Valued at .. 1,649 6 1 31st March, 1924- „ , - 1,696 6 2 Surplus on mutton unreal- £ s. d. £ s. d ized, 31st March, 1924 — Realized .. 1,315 5 if Realized .. 1,101 7 2 Valued at 778 16 2 Valued at.. 732 15 0 530 9 9 368 12 2 Wool sold .. .. 180 15 2 Wool sold .. "M 8 ? 1 Advances against wool ..1,586 8 7 Advances against wool ..1,894 2 2 Wool unrealized .. .. 10 0 0 Sheep sold .. .. 3,921 15 0 Sheep and mutton sold ..2,179 2 0 Cattle sold .. .. 87b 1 7 Cattle sold .. .. 13 10 0 Skins sold .. .. 47 2 7 Skins and hides sold .. 90 7 10 Posts sold .. .. 14 0 0 4 ggg jg 4. Royalty on posts and battens .. .. .. 132 17 6 Balance at debit, 31st March, ' 11*433 5 1 1925 £8 133 3 1 — _! _ Balance at debit, 31st March, 1925 .. £7,313 13 8 Live-stock on station, 31st March, 1925 :— Live-stock on »tation, 31st March, 1925 :— £ s. d. £ s. d. 5,019 sheep .. .. 3,428 15 0 8,004 sheep .. .. 5,243 8 0 291 cattle .. .. 1,340 0 0 998 cattle .. .. 3,553 10 0 18 horses .. .. 90 0 0 11 horses .. .. 70 0 0 £4,858 15 0 £8,866 18 0

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MANGATU No. I—continued.1 —continued. Statement of Accounts for the Year ended 31st March, 1925—continued. PUKUTAREWA STATION. WAIREBE STATION. £ s. d. £ s. d. Balance at debit, 31st March, 1924 .. 16,392 9 1 Balance at debit, 31st March, 1924 .. 50 0 0 Debits. Debits. . ~. Compensation to lessees for Scrub-cutting .. .. 572 7 0 improvements-Grass-seed .. .. 25 3 8 9,875 acres 1 rood 32 per- £ s. d. Builduig .. .. 288 15 0 ches at £2 15s. an acre 27,157 9 9 Fruit-trees .. .. 8 9 2 Fruit-trees .. .. 5 6 9 Fencing.. .. .. 319 16 9 27,162 16 6 p, , <„n . 1,215 1 8 Sheep bought .. .. 19,557 1 7 Plant " •• 210 10 4 Cattle bought .. .. 5,798 9 0 Sheep bought .. . . MB6 « 4 Horses bought .. .. 98 10 0 Cattle bought .. .. 64 10 0 Wages, permanent hands .. 894 5 6 Horses bought .. .. 10 0 0 Casual labour — Droving, Wages, permanent hand, .. 393 10 0 shearing, &c 862 8 9 Casual labour - Droving, Repairs and maintenance.. 354 0 9 shearing, &c. .. 359 lb 10 Chaff 57 10 2 Repairs and maintenance .. 368 15 5 Fire and accident'insurance 27 17 2 i? ," .. ,"" •' T? ,5 „ Rates and taxes .. .. 393 9 5 Fire and accident insurance 15 16 9 Cartage and rai , age 326 6 2 •' , Stores .. .. .. 394 711 Cartage and railage .. 155 15 7 Telephone .. .. 28 8 1 en , t , 11 ° °. Plant 190 7 6 Seeds for crops .. .. 63 7 5 Furniture .. .. 354 4 6 a , nu f fin n Legal expenses .. .. 172 1 6 Telephone .. . 4 10 11 T n te reS t .. .. 2,714 8 2 Interest. ..1,099 18 2 Mail charges .. .. 816 10 Management and office ex- Painting and repairs to P enses '' ' * 135 76 , ftQK _ , buildings .. .. 260 5 5 ' Purchase of earmark .. 15 0 0 99 919 in Travelling-expenses .. 4 310 „ ... ' Management and office exGredlts - penses .. .. 501 0 8 Surplus on wool unrealized, 33,013 2 11 31st March, 1924 — — — £ s. d. £ s. d. 60,225 19 5 Realized .. 89 5 3 Credits. Valued at .. 35 9 10 £ s. d. o 1 «. T~T 53 15 5 Wool sold .. .. 24 6 1 Surplus on mutton unreahzed, Advances against wool .. 4,937 1 0 31st March, 1924— . Sheep sold .. .. 8,210 15 2 Realized | « 2 Cattle sold .. .. 426 7 1 Valued at .. 273 15 0 Skins and hides sold .. 83 15 7 — 93 11 2 13,682 4 11 Advance against wool .. 1,178 10 0 Wool sold •• 72 1 9 Balance at debit, 31st March, 1925 ..£46,543 14 6 Wool unrealized, 31st March, 1925 .. .. .. 80 0 0 Sheep sold .. ..2,889 13 7 Live-stock on station, 31st March, 1925:— Cattle sold .. .. 1,219 18 2 „ , Skins sold .... 42 19 5 , o * Potatoes sold .. .. 55 7 6 14,852 sheep .. 13,242 8 5 Chaff sold .. 132 0 0 1,532 cattle .. 5,873 0 0 g gj>7 q 20 horses .. 100 0 0 Balance at debit, 31st March, 1925 .. £16,424 16 10 £19,215 8 o Live-stock on station, 31st March, 1925 — £ s. d. 3,630 sheep .. ..2,923 14 11 375 cattle .. .. 1,427 0 0 18 horses .. .. 195 0 0 £4,545 14 11

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MANGATU Nos. 3 AND 4. Balance-sheet as at 31st March, 1925. Liabilities. Assets. Mortgages — £ s. d. £ s. d. Freehold property — £ s. d. £ s. d. Poster trustees .. 1,600 0 0 Mangatu No. 3 .. 21,640 0 0 White and Nolan .. 8,000 0 0 Mangatu No. 4 .. 18,000 0 0 ■ 9,600 0 0 39,640 0 0 Accrued interest .. .. 212 13 4 Improvements— Capital Account .. .. 39,640 0 0 Fencing .. .. 577 18 7 Survey .. .. 541 17 0 1,119 15 7 Mangatu No. 1 Account .. .. 4,775 13 5 Revenue Account .. 4,212 10 7 Less Income Account balance at 31st March, 1925 .. .. 295 6 3 3,917 4 4 £49,452 13 4 £49,452 13 4 Auditor's Certificate. I have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust lands, for the year ended 31st March, 1925, and my report on the audit of the accounts is contained in my letter of even date to the Hon. the Minister of Native Affairs. Wellington, 7th September, 1925. Arthur T. Clarke, Auditor. Income Account for the Year ended 31st March, 1925. £ s. d. . £ s. d. To Interest .. .. .. .. 617 7 5 By Rent .. .. .. .. 883 4 0 Rates .. .. .. .. 166 8 2 Interest .. .. .. .. 286 12 1 Advertising .. .. .. 13 14 0 Land-tax .. .. .. .. 21 1 11 Committee's expenses .. .. 8 6 4 Valuation fee .. .. .. 12 12 0 Management and office expenses .. 35 0 0 Balance .. .. .. .. 295 6 3 £1,169 16 1 £1,169 16 1 Sir, — Wellington, 7th September, 1925. I have to report that I have completed the audit of the accounts of Mangatu Block No. 1 for the year ended 31st March, 1925, also the Accounts of Mangatu No. 2, Blocks 3 and 4, for a similar period, and have pleasure in enclosing copy of same. Stock Account.—l have accepted without reservation the figures certified to by Mr. H. Syme, Farm Superintendent, and by Mr. J. Harvey, Agent for the East Coast Commissioner at Gisborne. Farm Accounts. —An amount of £11 10s. has been debited to Mangatahu which was incurred on behalf of Pukutarewa. Further amounts of £1 10s. sd. and 14s. Id. incurred on account of Waitangirua have been charged against Pukutarewa. These accounts will be adjusted during the current year. Mangatu Nos. 3 and 4. —These accounts are incorporated in the accounts of Mangatu No. 1 Block, and a separate balance-sheet and Income Account are enclosed herewith. Subject to the foregoing remarks, I certify that to the best of my knowledge belief the accounts as signed by me are correct. I am, &c., §| Arthur T. Clarke,fAuditor. The Hon. the Minister of Native Affairs, Wellington.

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