EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1927.

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

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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, 1927.

Presented to Parliament 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.

MANGATU No. 1. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Public Trustee — £ s. d. £ s. d. £ s. d. £ s. d. General mortgage .. 30,614 16 6 Freehold property .. .. 195,237 0 0 Less amount on hand on Roads Account .. 2,092 5 1 account of rents .. 2,817 10 5 Survey expenses .. 287 8 6 27,797 6 1 — 2,379 13 7 Pukutarewa mortgage 15,000 0 0 Fencing Account .. .. 116 7 0 Interest accrued .. 32 1 1 Advances— 15,032 1 1 Sundry blocks .. 389 12 2 Wairere mortgage .. 50,000 0 0 Distribution No. 1 .. 304 0 0 Interest accrued .. 1,487 13 5 Royal Commission .. 1,386 3 2 51,487 13 5 Owners' appeal on acNative Trustee —• count of Blocks 1 and Mortgage Account .. 20,000 0 0 4.. .. .. 627 1 4 Interest accrued .. 580 10 11 Advances to sundry 20,580 10 11 owners .. .. 10,927 3 2 Bank of Australasia — 13,633 19 10 Current Account .. 2,690 10 2 Sundry debtors.. .. ~ 6,712 10 8 Interest accrued .. 213 19 7 Rent outstanding .. .. 1,517 1 11 —-— 2,904 9 9 Investments — Money advanced by way of Poverty Bay Farmers' loan to Mangatu Nos. 3 Meat Co., Ltd.—Shares 5 0 0 and 4 .. .. •• 5,551 6 5 Williams and Kettle, Sundry creditors .. .. 1,658 16 10 Ltd.—Shares .. 35 0 0 Mangatahu Station — —— 40 0 0 Current Account .. 10,163 8 6 Mangatahu Station AcDistribution Account No. 2 .. 277 11 8 count— Capital Account .. .. 160,470 13 0 Live-stock .. .. .. 7,028 10 0 Income Account .. .. 2,392 0 8 Pukutarewa Station Account .. .. 12,611 3 1 | Live-stock .. .. 5,260 6 0 17,871 9 1 Waitangirua Station Account .. .. 6,637 10 10 Live-stock .. .. 4.639 4 0 — 11,276 14 10 Wairere Station Account.. 22,905 15 5 Live-stock .. ... 14,429 1 0 37,334 16 5 Office furniture .. .. 15 15 0 Produce unrealized .. . - 5,152 0 0 £298,315 18 4 £298,315 18 4 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust lands, for the year ended 31st March, 1927, 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, N.Z., 16th August, 1927. Arthur T. Clarke, Auditor.

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MANGATU No. I—continued. Income Account for the Year ended 31st March, 1927. £ s. d. To Balance, 31st March, 1926 .. 3,928 14 10 £ s. d. £ s. d. By Rents .. .. .. .. 9,115 2 10 Interest .. .. 1,296 19 3 Dividend.. .. .. .. 2 12 6 Commission .. .. 226 15 10 Land-tax .. .. 852 9 2 Legal expenses .. 16 6 6 Expenses re committee meetings .. .. 25 4 0 Rates .. .. 36 9 6 Management and office expenses .. .. 211 12 2 Valuation and arbitration expenses .. .. 47 7 6 General expenses .. 83 15 11 2,796 19 10 Balance .. .. .. 2,392 0 8 £9,117 15 4 £9,117 15 4 Statement of Accounts for the Year ended 31st March, 1927. Mangatahu Station. Pukutaeewa Station. £ s. d. £ s. d. Balance at debit, 31st March, 1926 .. 1,656 6 7 Balance at debit, 31st March, 1926 .. 16,065 2 4 Debits. Debits. £ s. d. j £ s. d. Building .. .. .. 380 11 7 Plant (roller) .. .. 39 0 0 Plant .. .. .. 30 9 6 Fencing .. .. .. 29 0 0 411 1 1 68 0 0 Sheep bought .. .. 134 0 6 Sheep bought .. .. 2,279 14 6 Wages, permanent hands .. 728 1 0 Cattle bought .. .. 87 0 0 Casual labour .. .. 633 12 5 Horses bought .. .. 181 10 0 Running-expenses, including Wages, permanent hands .. 390 0 0 repairs and maintenance .. 513 15 9 Casual labour .. .. 632 5 7 Fire and accident insurance .. 19 12 2 Running-expenses, including Rates and taxes .. .. 240 15 0 repairs and maintenance 456 17 6 Railage and cartage .. 224 0 9 Fire and accident insurance 10 10 9 Interest .. .. .. 65 14 11 Rates .. .. .. 159 16 7 Management and office ex- Railage and cartage .. 123 12 4 penses .. .. .. 170 14 0 Interest .. .. .. 1,094 10 7 Bureau fees .. .. 8 7 0 Management and office exSubscriptions and donations 12 13 0 penses .. .. 118 19 6 3,162 7 7 Bureau fees .. .. 3 13 6 5,606 10 10 4,818 14 2 Credits. 21,671 13 2 Surplus on wool unrealized, Credits. 31st March, 1925— Surplus on wool unrealized, £ s. d. 31st March, 1925— Realized .. 379 13 4 £ s. d. Valued at.. 287 0 4 Realized .. 94 911 — 92 13 0 Valued at .. 90 3 7 Surplus on wool unrealized, 4 6 4 31st March, 1926 — Surplus on wool unrealized, Realized .. 2,845 14 II 31st March, 1926— Valued at .. 1,646 17 1 Realized .. 1,021 12 8 Valued at .. 986 13 3 1,198 17 10 34 19 5 Less amount Quantity scoured wool shipped now trans- as and credited to Mangaferred to tahu .. .. .. 84 17 2 Puku (adjustment) 84 17 2 124 2 11 1,114 0 8 Wool sold .. .. 937 511 Advances against wool shipped 419 2 5 1,206 13 8 Sheep sold .. .. 1,203 18 11 Wool sold .. .. 83 19 3 Cattle sold .. .. 312 10 0 Advances against wool Horses sold .. .. 900 shipped .. .. 2,916 1 5 Skins and hides sold .. 22 6 2 Sheep sold .. .. 2,561 12 2 Advance against 166 carcasses Cattle sold .. .. 1,025 I 7 lamb, " Gallic" .. 125 0 0 Skins and hides sold .. 34 10 7 Produce unrealized —627 earProduce unrealized —125 car- casses meat in works .. 627 0 0 casses lamb in works .. 125 0 0 Meat sold .. .. 2 9 0 Meat sold .. .. 0 14 0 Produce sold (potatoes, &c.) 17 8 9 7,953 12 8 3,800 4 I Balance at credit, 31st March, 1927 .. £3,134 18 6 Balance at debit, 31st March, 1927 .. £17,871 9 1 Live-stock on station, 31st March, 1927 : —- Live-stock on station, 31st March, 1927 :— £ s. d. £ s . d. 6,934 sheep .. .. 4,754 10 0 5,268 sheep .. .. 3,751 6 0 657 cattle .. .. 2,204 0 0 349 cattle .. 1,204 0 0 11 horses .. 70 0 0 16 horses .. .. 305 0 0 £7,028 10 0 £5,260 6 0

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Statement of Accounts for the Year ended 31st March, 1927—continued. Waitangirua Station. Wairere Station. £ s. d. £ s. d. Balance at debit, 31st March, 1926 .. 11,607 16 7 Balance at debit, 31st March, 1926 .. 41,356 911 Debits. Debits. £ s. d. £ s. d. Fencing (new) .. •. 40 15 6 Fencing .. .. .. 127 3 6 Scrub-cutting .. • • 36 9 7 Sheep bought .. .. 795 18 0 Cattle bought .. .. 21 6 2 77 5 1 Horses bought . . .. 23 0 0 Shppn boueht .. .. 137 8 0 Wages, permanent hands ..1,112 9 5 Cattle bought .. .. 120 10 0 Casual labour .. .. 997 5 7 Horses bought .. ■ • 12 10 0 Running-expenses, including Wages, permanent hands .. 733 10 6 repairs and maintenance 660 15 7 Casual labour .. .. 391 811 Fire and accident insurance 37 7 0 Running-expenses, including t Rates and taxes .. .. 564 12 10 repairs and maintenance .. 497 16 5 ' Railage and cartage .. 229 1 7 Fire and accident insurance .. 23 6 5 Interest .. .. .. 2,603 0 8 Rates .. • • • • 629 4 6 Management and office exRailage and cartage .. 159 17 0 penses .. .. 339 10 8 Interest .. .. •• 747 11 1 Bureau fees .. .. 11 0 2 Management and office ex- Subscriptions .. .. 3 13 0 penses 110 16 6 7,526 4 2 Bureau fees .. • • 6 1 10 - - Subscriptions .. ..400 48,882 141 3,651 6 3 Credits. Surplus on wool unrealized, 15,259 2 10 31st March, 1926— Credits. £ s. d. Surplus on wool unrealized, Realized .. 6, 240 4 3 31st March, 1925— Valued at .. 5,881 1 10 £ s. d. 359 2 5 Realized .. 179 2 9 Wool sold .. .. 142 4 8 Valued at .. 152 18 5 Advances against wool shipped 4,677 15 11 26 4 4 Sheep sold .. .. 3,716 3 3 Surplus on wool unrealized, Cattle sold .. .. 2,115 16 3 31st March 1926 Skins and hides sold .. 100 7 8 Realized .. 568 14 0 Advance against 372 carcasses Valued at !! 427 4 4 lamb, " Gallic" 280 0 0 141 9 8 Produce unrealized —150 carcasses lamb in works .. 150 0 0 167 14 0 Meat sold .. .. 6 7 6 Wool sold .. •• 813 15 2 - - ~ 11,547 17 8 Advances against wool shipped .. •• 643 511 Balance at debit, 31st March, 1927 .. £37,334 16 5 Wool unrealized .. • • 20 0 0 Sheep sold .. • ■ 1, 383 3 6 Cattle sold .. • • 615 0 0 Skins and hides .. • • 53 1 11 Produce unrealized —280 carcasses mutton .. • ■ 280 0 0 Live-stock on station, 31st March, 1927 :— Meat sold .... 6 7 6 £ s. d. 3,982 8 0 15,136 sheep .. 10,897 1 0 963 cattle .. 3,312 0 0 Balance at debit, 31st March, 1927 ..£11,276 14 10 35 horses .. 220 0 0 £14,429 1 0 Live-stock on station, 31st March, 1927 :— ■ ■■ £ s. d. 5,151 sheep .. •• 3,440 4 0 262 cattle .. .. 1,114 0 0 17 horses .. .. 85 0 0 £4,639 4 0

Statement of Live-stock depastured on Stations at 31st March, 1927.

Summary. £ s. d. 32,489 sheep, valued at .. .. .. 22,843 1 0 2,231 cattle valued at .. .. .. 7,834 0 0 79 horses, valued at .. .. .. .. 680 0 0 34,799 £31,357 1 0

Sheep. Cattle. Horses. Totals. Station. " ' Number. Value. Number. Value. Number. Value. Number. Value. j j~~ • I £ a. d. £ a. d. £ s. d. £ s. d. Man»atahu .. 6,934 4,754 10 0 657 2,204 0 0 11 70 0 0 7,602 7,028 10 0 Pukutarewa .. 5,268 3,751 6 0 349 1,204 0 0 16 305 0 0 5,633 5,260 6 0 Waitangirua .. 5,151 3,440 4 0 262 1,114 0 0 17 85 0 0 5,430 4,639 4 0 Wairere .. .. 15,136 10,897 1 0 963 3,312 0 0 35 220 0 0 16,134 14,429 1 0 Totals .. 32,489 22,843 1 0 2,231 7,834 0 0 79 680 0 0 34,799 31,357 1 0 — _

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MANGATU Nos. 3 and 4. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Mortgages— £ s. d Freehold property — £ a. 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 Accrued interest .. .. .. 212 13 4 — 39,640 0 0 Capital Account .. .. .. 39,640 0 0 Improvements— Fencing .. .. 577 18 7 Survey .. .. 541 17 0 1,119 15 1 Mangatu No. 1 Account .. .. 5,551 6 5 Revenue Account .. 3,614 3 1 Less Income Account • balance .. .. 472 11 9 3,141 11 4 £49,452 13 4 £49,452 13 4 Auditor's Certificate. T have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust lands, for the year ended 31st March, 1927, 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, N.Z., 16th August, 1927. Arthur T. Clarke, Auditor. Income Account for the Year ended 31st March, 1927. £ s. d. £ s. d To Interest .. .. .. .. 570 1 3 By Rent .. .. .. .. 883 4 0 Rates .. .. .. .. 117 4 5 Interest .. .. .. .. 322 0 4 Land-tax .. .. .. .. 20 6 11 Management and office expenses .. 25 0 0 Balance .. .. .. .. 472 11 9 £1,205 4 4 £1,205 4 4 Sir, — Wellington, 16th August, 1927. I have to report that I have completed the audit of the accounts of Mangatu Block No. 1 for the year ended 31st March, 1927, also the accounts of Mangatu No. 2, Blocks 3 and 4, for a similar period, and enclose one set of same. Stock Account.—l 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 Grisborne. 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.

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