EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1926.

Appendix to the Journals of the House of Representatives, 1927 Session I, G-04

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1927. 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, 1926.

Presented to both Houses of the General Assembly in 'pursuance of the provisions of Section 14 of the Mangatu No. 1 Empowering Act, 1893, Sections 6 and 7 of the Native Land Amendment and Native Land Claims Adjustment Act, 1917, and Section 13 of the East Coast Native Trust Lands Act, 1902.

MA.NGA.TU No. 1. Balancb-sheet as at 31st Makch, 1926. Liabilities. Assets. Public Trustee— .. £ 8. d. £ s. d. £ s. d. £ s. d. Mortgage Account Freehold property .. .. 195,237 0 0 (General) .. .. 36,660 8 1 Roads .. .. 2,092 5 1 Less amount on hand on Survey expenses .. 287 8 6 account of rents .. 2,066 15 0 2,379 13 7 34,593 13 1 Fencing .. .. .. 116 7 0 Mortgage Account (Puku- Advances - tarewa) .. .. 15,000 0 0 Waingaromia and RangaInterest accrued 32 1 0 tira .. .. 10,492 18 7 15,032 1 0 W. L. Rees .. .. 1,624 1 1 Mortgage Account (Wai- Sundry blocks .. 365 16 5 rere) .. 50,000 0 0 Owners in Mangatu No. 1 5,492 2 9 Interest accrued .. 1,491 15 8 Distribution Account 51,491 15 8 No. 1 .. .. 304 0 0 Native Trustee— Owners on account of Mortgage Account ..20,000 0 0 Royal Commission .. 1,301 11 2 Interest accrued .. 580 10 11 Owners' appeal on ac- • 20,580 10 11 j count of Blocks Nos. Bank of Australasia — | 1 and 4 .. .. 588 15 11 Current Account .. 11,538 14 1 20,169 5 11 Interest accrued 319 5 8 j Valuation and Arbitration — 11,857 19 9 I Account .. .. .. 47 5 0 Money advanced by way of I Sundry debtorsLoan ! On Open Account .. 1,936 12 0 Mangatu Nos. 3 and 4 .. 5,078 14 8 Outstanding rents .. 1,488 811 Sundry creditors on Open Account 488 19 5 3,425 0 11 Mangatahu Station —• Investments Current Account .. .. 6,138 19 5 Poverty Bay Farmers' Distribution Account No. 2 .. 3,633 18 7 Meat Co., Ltd. Capital Account .. • • 159,471 6 3 Shares .. .. 50 0 Williams and Kettle, Ltd. —Shares .. 35 0 0 40 0 0 I Mangatahu Station Account — Live-stock .. .. .. 7,795 6 0 Pukutarewa Station Account .. .. 12,315 1 8 Live-stock .. .. 3,750 0 8 16,065 2 4 | Waitangirua Station Account .. .. 5,077 9 7 Live-stock .. .. 6,530 7 0 — 11,607 16 7 Wairere Station Account.. 25,528 311 Live-stock .. .. 15,828 6 0 41,356 9 11 Office furniture .. .. 15 15 0 Produce unrealized — Mutton and lamb .. 4,199 1 2 Wool .. .. 1,985 0 6 6,184 1 8 Income Account .. .. 3,928 14 10 £308,367 18 9 £398,367 18 9 Aumtob's Certificate. I have audited the accounts of Mangatu No. I Block, East Coast Native Trust lands, for the year ended 31st March, 1926, 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, 15th September, 1926. Arthur T. Clarke, Auditor.

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MANGATU No. I—continued. Income Account for the Year ended 31st March, 1926. £ s. d. £ s. d. £ s. d. To Balance, 31st March, 1925 .. 2,868 5 3 By Rents .. .. 8,989 0 3 £ s. d. Dividend .. .. 3 8 0 Interest .. . • 3,208 6 9 Fees .. .. 11110 Commission .. 213 4 5 . - 9,002 19 3 Land-tax .. .. 1,855 5 2 Balance .. .. .. 3,928 14 10 "Legal expenses .. 127 11 7 Committees' expenses and fees .. . ■ 28 7 0 Rates .. .. 59 18 0 Donation to Tikitiki Church Fund .. 150 0 0 Survey expenses .. 11 10 0 Distribution Account No. 2 (85,000 shares at Is. each) .. 4,250 0 0 Management and general expenses .. 159 6 0 10,063 8 10 £12,031 14 1 £12,931 14 1 Statement of Accounts for the Year ended 31st March 1926. Waitangikua Station. Manoatahu Station. £ s. d. £ s. d. Balance at debit, 31st March, 1925 8,133 3 1 Balance at debit, 31st March, 1925 7,313 13 8 Debits. Debits. £ s. d. £ s. d. Seed and sowing .. 236 0 3 Sheep bought .. .. 221 8 0 Fencinu .. 524 8 3 Cattle bought .. .. 659 0 0 8 " 760 8 6 Horses bought .. .. 17 0 0 Sheep bought .. •• 1,739 10 3 Plant (lawn-mower) .. 517 0 Cattle bought .. .. 1,621 0 0 Wages, permanent .. 721 12 0 Wages, permanent .. 606 17 5 Casual labour .. .. 389 3 4 Casual labour .. ■ • 250 19 9 Repairs and maintenance 414 17 10 Repairs and maintenance 431 10 3 Fire and accident insurance 3513 0 Fire and accident premium 38 1 4 Stores .. .. 226 10 5 g tores , .. 167 18 8 Rates and taxes .. 199 0 11 Rates and taxes" 488 18 4 Railage and cartage .. 120 5 1 Rail and cartage •• 112 9 0 Interest 7 •• 3-8 H " Interest .. •• 522 11 4 Management and office exManagement and office cx- penses .. .. 251 8 4 penses .. 201 1 8 Bureau fees .. .. 10 811 Bureau fees 6 8 4 Fruit-trees .. .. 14 11 6 Telephone rent .. .. 60 6 Donations .. .. 1118 0 Rent of private box .. 019 8 Furniture allowance .. 30 0 0 F 6,194 6 6 3,657 5 4 15,087 18 1 10,970 19 0 Credits. Credits. Surplus on 80 bales wool Surplus on wool unrealized, unrealized, 31st March, 31st March, 1925— 1925# 8b bales Cumberland, Realized .. •• 1,638 4 4 T7 reaped .. .. 2,610 2 0 Valued at .. 1,443 10 2 Valued at .. .. 1,607 110 194 14 2 1,003 0 2 Wool sold .. 783 19 9 Wool sold .. .. 118 16 4 Advances against wool .. 427 4 4 Advances against wool .. 1,646 17 1 Sheep sold .. .. 1,155 5 0 Sheep sod .. .. 3,202 5 2 Cattle sold .. .. 882 0 0 Cattle sold .. .. 3,210 17 2 Skins and hides .. 20 5 9 Skins and hides .. 43 18 3 it f 16 12 6 Royalty on posts, battens, " - 3,480 1 6 &c 84 5 3 Meat sold .. • ■ 4 13 0 Balance at debit, 31st March, 1926 £11,607 16 7 9,314 12 5 Balance at debit, 31st March, 1926 £1,656 6 7 Live-stock on station, 31st March, 1926 : —— £ s. d. 6 527 sheep . • 4,461 7 0 Live-stock 011 station, 31st March, 1926 : — '505 cattle .. 1,984 0 0 7,025 sheep .. 4,719 16 0 17 horses .. 85 0 0 887 cattle .. 3,005 10 0 11 horses .. 70 0 0 £6,530 7 0 ===== £7,795 6 0 * Twelve bales still unsold.

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MANGATU No. I—continued. Statement or Accounts for the Year ended 31st March, 1926' —continued. PUKUTAEEWA STATION. WAIREBE STATION. £ s. d. £ a. d. Balance at debit, 31st March, 1925 16,424 16 10 Balance at debit, 31st March, 1925 .. 46,543 14 6 Debits. Debits. £ s. d. Buildings (wool-shed) .. .. 1,200 0 0 Fencing .. .. 142 8 3 £ s. d. Scrub-cutting and sowing Sheep bought .. 1,371 6 4 seed .. . • 772 0 -3 Cattle bought .. .. 297 0 0 914 8 6 Horses bought .. .. 117 15 0 Sheep bought .. .. 553 13 6 Plant .. .. .. 283 7 5 Cattle bought .. .. 978 0 0 Wages, permanent .. 991 14 2 Plant .. .. .. 79 17 8 Casual labour .. .. 887 13 11 Wages, permanent .. 390 10 0 Repairs and maintenance 951 2 3 Casual labour .. .. 315 3 0 Fire and accident insurance 51 7 2 Repairs and maintenance 426 16 6 Stores .. .. 373 6 11 Fire and accident premium 40 13 3 Rates and taxes .. 464 12 7 Rates and taxes .. 144 19 3 j Rail and cartage .. 366 0 0 Rail and cartage .. 150 12 2 ! Interest .. .. 2,857 8 0 Interest .. .. 1,126 13 4 Management and office exManagement and office ex- penses .. .. 448 12 10 penses .. .. 115 14 6 Bureau fees .. .. 11 13 9 Bureau fees .. .. 3 19 10 Paddocking .. .. 2 0 0 Manure .. •. 72 12 3 Donations .. .. 6 16 0 Seed, root crops .. 25 0 4 9,481 16 4 — 4,424 5 7 57,225 10 10 21,763 10 11 ' Credits. Credits. Surplus on wool unrealized, Surplus on wool unrealized, 31st March, 1925 31st March, 1925*— £ s. d. £ s. d. Realized 1,273 19 5 Realized 5,944 8 8 Valued at 1,258 10 0 Valued at 4,604 0 8 15 9 5 | 1,340 8 0 Wool sold .. .. 991 0 0 Wool sold .. .. 4,366 9 1 Wool unrealized .. 30 0 0 Advances against wool .. 212 13 2 Sheep sold .. .. 3,066 8 1 Wool unrealized .. 150 0 0 Cattle sold .. .. 1,338 10 0 Sheep sold .. .. 6,386 14 3 Horses sold .. .. 30 0 0 Cattle sold .. .. 3,34312 7 Skins and hides .. 28 14 9 Skins and hides .. 65 12 10 Meat .. •• 3 17 4 Meat .. .. .. 3 11 0 Chaff, lucerne, and potatoes 194 9 0 15,869 011 5,698 8 7 — Balance at debit, 31st March, 1926 £41,356 9 11 Balance at debit, 31st March, 1926 £16,065 2 4 Live-stock on station, 31st March, 1926 — Live-stock on station, 31st March, 1926 :— £ 8- d. £ s . d. 14,377 sheep .. 11,042 6 0 3,102 sheep .. 2,171 10 8 1,237 cattle .. 4,626 0 0 383 cattle .. 1,348 10 0 29 horses .. 160 0 0 13 horses .. 230 0 0 ; £15,828 6 0 £3,750 0 8 ; —* 26 bales still unsold.

Statement of Live-stock depastured on Farms at 31st March, 1926.

Summary. £ s. d. 31,031 sheep, valued at .. .. •• 22,394 19 8 , 3,012 cattle, valued at .. .. .. 10,964 0 0 70 horses, valued at .. ■ ■ • • 545 0 0 34J13 £33,903 19 8

Sheep. Cattle. Horses. Totals. Farm „ — 1 where depastured. dumber. Value. Number. Value. Number. Value. | Number. Totals. £ s. d. £ s- d. £ s. d. £ s. d. Mangatahu .. 7,025 4,719 16 0 887 3,005 10 0 11 70 0 0 7,923 7,795 6 0 Pukutarewa .. 3,102 2,171 10 8 383 1,348 10 0 13 230 0 0 3,498 3,750 0 8 Wairero .. 14,377 11,042 6 0 1,237 4,026 0 0 29 160 0 0 15,643 15,828 6 0 Waitangirua .. 6,527 4,461 7 0 505 1,984 0 0 17 85 0 0 7,049 6,530 7 0 Totals .. 31,031 22,394 19 8 3,012 10,964 0 0 70 545 0 0 34,113 33,903 19 8

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MANGATU Nos. 3 AND 4. Balance-sheet as at 31st March, 1926. Liabilities. Assets. Mortgages— £ s. d. £ s. d Freehold property — £ s. d. £ s. d. Foster 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 ImprovementsCapital Account .. .. 39,640 0 0 Fencing .. .. 577 18 7 Survey .. .. 541 17 0 1,119 15 7 Mangatu No. 1 Account .. .. 5,078 14 8 Revenue Account .. 3,917 4 4 Less Income Account balance, 31st March, 1926 .. .. 303 1 3 3,614 3 1 £49,452 13 4 £49,452 13 4 Auditor's Certificate. I have audited the accounts of Mangatu Nos. 3 and 4 Blocks, East Coast Native Trust lands, for the year ended March, 1926, 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, 15th September, 1926. Arthur T. Clarke, Auditor. Income Account for the Year ended 31st March 1926. £ s. d. £ s. d To Interest .. .. .. • • 618 17 3 By Rent .. .. .. • • 883 4 0 Rates .. .. .. ■ • 213 19 0 Interest .. .. .. •. 298 0 5 Land-tax .. .. ■ • 20 6 11 Management and office expenses .. 25 0 0 Balance .. .. • • • • 303 1 3 £1,181 4 5 £1,181 4 5 g IB Wellington, 15th September, 1926. I have to report that I have completed, the audit of the accounts of Mangatu Block No. 1 for the year ended 31st March, 1926, also the accounts of Mangatu No. 2, Blocks 3 and 4, for a similar period, and enclose one set of same. Stock Account. —I have accepted without reservation the figures certified to by Mr. H. Syme, Farm Superintendent, and Mr. J. Harvey, Agent for the East Coast Commissioner at Gisborne. An additional account is included this time —namely, a stock schedule showing the number and values of stock on the various farms. Rent Account.—Rents amounting to £136 18s. up to 25th July, 1926, have been taken in this year's accounts. I have pointed the matter out, and at the end of the current year rents will only be taken up to 31st March, an adjustment being made for rents paid in advance. Farm Accounts. —In connection with the farm accounts we would point out that the amounts charged to repairs and maintenance include not only repairs, but also other running-expenses of the farm which are not separately enumerated. The actual wording should not be " repairs and maintenance " but " repairs and running-expenses." Sundry Debtors and Sundry Creditors. —With reference to the sundry debtors and sundry creditors on Open Account, both figures should be increased by the sum of £12, as only the net balance of Sundry Debtors and Sundry Creditors Account was taken into account. 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 and belief the accounts as signed by me are correct. I have, &c., Arthur T. Clarke, Auditor. The Hon. the Minister of Native Affairs, Wellington.

Approximate Cost of Paper.—Preparation, not given; printing (475 copies), £6,

Authority : W. A. G. Skinner, Government Printer, Wellington.—l 927.

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