EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st APRIL, 1928, to 30th June, 1929.

Appendix to the Journals of the House of Representatives, 1929 Session I, G-04

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1929. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st APRIL, 1928, to 30th June, 1929.

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

MANGATU No. 1. Balance-sheet as from Ist April, 1928, to 30th June, 1929. Assets. Liabilities. £ s. d. £ s. d. Public Trustee — £ s. d. £ s. d. Freehold property .. .. 301,696 0 0 General mortgage .. 37,600 5 10 Roads Account .. .. 2,092 5 1 Interest accrued .. 222 10 2 Survey Account .. 287 8 6 37,822 16 0 ' 2,379 13 7 Pukutarewa mortgage .. 15,000 0 0 Fencing Account .. .. 116 7 0 Interest accrued .. 256 8 9 Advances— 15,256 8 9 Sundry blocks .. 443 19 8 Wairere mortgage .. 50,000 0 0 Distribution Acco u nt Interest accrued .. 739 14 6 No. 1 .. .. 304 0 0 50,739 14 6 Royal Commission .. 1,679 10 4 Wi Pere mortgage .. 29,192 10 0 Owners' appeal on aeInterest accrued .. 145 19 3 count of Blocks 1 29,338 9 3 and 4 .. .. 714 12 11 Native Trustee—- Advances to owners .. 5,770 10 1 Mortgage Account .. 20,000 0 0 8,812 13 0 Interest accrued .. 236 14 3 Mangatu Nos. 3 and 4 .. .. 3,396 12 2 20,236 14 3 Sundry debtors .. .. 772 15 5 Bank of Australasia— Rent outstanding .. .. 642 0 10 Current Account .. 14,292 18 9 Investments — Interest accrued .. 193 2 10 Poverty Bay Farmers' 14,486 1 7 Meat Co., Ltd. (shares) 5 0 0 Foster Trustees— Williams and Kettle, Interest accrued .. .. 19 4 0 Ltd. (shares) .. 35 0 0 Rates accrued .. .. .. 9 15 11 — 40 0 0 Sundry creditors .. .. 2,71811 7 Mangatahulive-stock .. .. 7,084 0 0 Mangatahu Station Current Account 22,531 .15 0 Okaihau Station .. 10,019 6 8 Distribution Accounts .. .. 843 16 5 Live-stock .. .. 1,713 0 0 Capital Account .. .. 206,785 13 0 11,732 6 8 Income Account .. .. 1,070 12 0 Pukutarewa Station .. 13,605 14 7 Live-stock .. .. 5,822 2 0 — 19,427 16 7 Waitangirua Station .. 8,185 12 11 Live-stock .. 4,260 8 0 -—— 12,446 0 11 Wairere Station.. .. 4,981 3 2 Live-stock .. .. 14,493 11 0 19,474 14 2 Waikakariki Station .. 5,501 8 1 Live-stock .. .. 2,495 0 0 7,996 8 1 Office furniture and fittings .. 15 15 0 Produce unrealized .. .. 5,826 8 10 £401,859 12 3 £401,859 12 3 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1929, 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, 13th September, 1929. D. R. Menkes, Chartered Accountant (Aust.), Auditor.

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MANGATTJ No. I—continued. Income Account as from Ist April, 1928, to 30th June, 1929. 1929- —30th June. £ s. d. £ 8. d. 1928 —31st March. £ s. d. To Expenses re committee By Balance .. .. .. 2,272 4 10 meetings .. .. 66 3 0 Rents .. .. .. .. 12,770 8 3 Distribution .. .. 4,250 0 0 Dividend .. .. .. .. 416 0 Donations (huis) .. 300 0 0 Rates and taxes .. 1,246 8 9 Interest .. .. 7,384 10 6 Commission .. .. 332 16 3 Legal expenses .. 150 17 6 Management and office expenses .. .. 246 1 1 13,976 17 1 Balancc .. .. .. 1,070 12 0 £15,047 9 1 £15,047 9 1 Statement of Account as from Ist April, 1928, to 30th June, 1929. Waitangirua Station. i Debits. £ s. d. £ s. d. £ s. d. Balance at debit, 31st March, 1928 .. 11,753 55 ! Sheep bought .. .. 200 0 0 Cattle bought .. .. 58i 10 0 Debits. \ Horses bought .. .. " 15 0 0 £ s. d. I Wages, permanent hands 923 1 8 Scrub-cutting .. .. 148 1 4 Casual labour .. .. 1,065 13 2 Fencing .. .. 223 0 11 Running-expenses, includSeed .. .. ~ 154 17 1 ing repairs and maintenSowing seed .. .. 12 10 1 ance.. .. .. 882 12 9 538 9 5 Rates ~ .. .. 328 7 8 Sheep bought .. .. 154 15 0 Management and office exCattle bought .. .. 309 5 0 penses .. .. 236 0 0 Wages, permanent hands .. 730 6 9 4,235 5 3 Casual labour .. .. 276 7 6 Running-expenses, includ- Balance at credit, 30th June, 1929 .. £15,447 15 0 ing repairs and mainten- — ance .. .. .. 695 13 2 Rates .. .. .. 654 6 2 Live-stock on station at 30th June, 1929: —• Interest .... 977 17 7 £ s. d. Management and office ex- 7,360 sheep .. 4,840 0 0 penses .. .. 120 0 0 644 cattle .. .. 2,169 0 0 3,918 11 2 12 horses.. .. 75 0 0 16,210 6 0 £7,084 0 0 Credits. === Surplus on wool unrealized at 31st March, 1928 — Realized .. .. 33 7 8 Valued at .. .. 20 0 0 13 7 8 PUKTTTABEWA STATION. Wool sold .. .. 123 15 8 £ s. d. Advances against wool Balance at debit, 31st March, 1928 .. 17,445 2 0 shipped .. .. 1,600 0 0 Wool unrealized .. .. 40 0 0 Debits. Sheep sold .. .. 1,920 16 1 £ s. d. Cattle sold .. .. 8 9 1 Building .. .. 1,158 910 Skins and hides sold .. 57 16 7 Furniture .. .. 229 8 10 3,764 5 1 Plant .. .. .. 63 7 2 : Fencing .. .. 552 2 8 Balance at debit, 30th June, 1929 .. £12,446 0 II Scrub .. .. .. 114 3 10 ===== Seed .. .. .. 239 12 5 Live-stock on station at 30th June, 1929 :— Manure .. .. 213 11 8 £ s. d. 2,570 16 5 4,864 sheep .. .. 3,309 8 0 Sheep bought .. .. 3,676 12 6 232 cattle .. .. 876 0 0 Cattle bought .. .. 806 6 6 15 horses .. .. 75 0 0 Horses bought .. .. 161 0 0 : Wages, permanent hands 292 10 0 £4,260 8 0 Casual labour .. .. 1,276 13 3 — Running-expenses, including repairs and maintenance. . .. .. 985 10 9 Mangatahu Station. Seed oats .. .. 27 1 5 £ s. d. Rates .. .. .. 212 15 7 Balance at credit, 31st March, 1928 .. 7,871 12 11 Management and office expenses .. .. 186 0 0 Credits, ~ Interest .. .. 1,371 5 0 Surplus on wool unrealized 8,995 15 0 at 31st March, 1928— £ s. d. Realized .. .. 381 6 4 29,011 13 5 Valued at .... 112 6 4 Credits. 269 0 0 Surplus on wool unrealized Wool sold .. .. 114 II 0 at 31st March, 1928 — Advances against wool Realized .. .. 276 1 6 shipped .. .. 3,300 0 0 Valued at .. .. 80 7 6 Wool unrealized .. 90 0 0 -—— Sheep sold .. .. 4,680 17 2 195 14 0 Cattle sold .. .. 2,586 7 3 Wool sold .. .. 107 18 3 Skins and hides.. .. 53 5 2 Advances against wool Interest .. .. 717 6 9 shipped .. .. 1,500 0 0 11,811 7 4 Wool unrealized .. 390 0 0 Sheep sold .. • .. 5,475 15 I 19,683 0 3 Cattle sold .. .. 1,178 0 0

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MANGATU No. 1-continued. Statement of Account as from Ist April, 1928, to 30th June, 1929—Continued. Pukutarewa Station —continued. Waikakariki Station —continued. Credits—continued. Debits—continued. £ a. d. £ a. d. £ s. d. £ s. d. Horaes sold . . .. 80 0 0 Sheep bought .. .. 2,978 6 0 Skins and hides sold .. 58 6 3 Cattle bought .. .. 391 0 0 Meat sold .. .. 3 10 9 Horses bought .. .. 75 0 0 Produce sold—Chaff, lu- Wagea, permanent handa 459 3 9 cerne, potatoea, &c. .. 594 12 6 Casual labour .. .. 160 0 0 9,583 16 10 Running-expenses, includ- — ing repairs and maintenBalance at debit, 30th June, 1929 .. £19,427 16 7 ance .. .. 984 8 8 ~ Repairs to house and altera-Live-stock on station at 30th June, 1929 :— tions to sheds .. 143 12 1 £ s. d. Interest .. .. 350 13 6 4,009 sheep .. .. 2,909 2 0 Management and office ex--657 cattle .. .. 2,268 0 0 penses .. .. 58 0 0 36 horses .. .. 645 0 0 Rates .. .. .. 65 11 5 5,665 15 5 £5,822 2 0 — - ' 10,473 1 7 Credits. Wool sold .. .. 47 7 6 Wairere Station. Advances against wool £ s. d. shipped .. .. 540 0 0 Balance at debit, 3lst March, 1928 .. 28,409 18 4 Wool unrealized .. 150 0 0 Debits. Sheep sold .. .. 1,138 14 0 £ a. d. Cattle sold .. .. 456 0 0 Sheep bought .. .. 1,410 10 0 Horses sold .. .. 13 0 0 Cattle bought .. .. 524 0 0 Meat sold .. .. 74 12 7 Wages, permanent hands 1,219 210 Skins and hides sold .. 56 19 5 Casual labour .. .. 1,295 12 1 2,476 13 6 Running-expenses, including repairs amd mainten- Balance at debit, 30th June, 1929 .. £7,996 8 1 ance .. .. 1,532 10 7 ~ • ~ Rates .. .. .. 646 2 11 Live-stock on station at 30th June, 1929: — Interest .. 2,026 2 9 £ s. d. Management and office ex- 3,624 sheep .. .. 2,277 0 0 penses .. .. 439 6 3 11 horses.. .. 190 0 0 9,093 7 5 8 cattle .. .. 28 0 0 37,503 5 9 £2,495 0 0 Credits. — Surplus on wool unrealized at 31st March, 1928— Okaihait Station. Realized .. .. 732 16 8 Debits. Valued at .. .. 238 2 3 £ s. d. £ s. d. Compensation .. .. 8,694 15 0 494 14 5 Furniture .. .. 88 6 9 Wool sold .. .. 466 16 2 Plant .. .. .. 151 19 0 Advances against wool 8,935 0 9 shipped .. .. 6,520 0 0 Sheep bought .. .. 3,766 19 3 Wool unrealized .. 20 0 0 Cattle bought .. .. 72 0 0 Sheep sold .. .. 8,095 17 8 Wages, permanent hands 341 0 0 Cattle sold .. .. 2,294 6 0 Casual labour .. .. 155 15 4 Skins and hides sold .. 133 10 4 Running-expenses, includMeat sold .. .. 3 7 0 ing repairs and mainten18,028 II 7 nance .. .. 331 4 0 Rates.. .. .. 189 9 11 Balance at debit, 30th June, 1929 .. £19,474 14 2 Interest .. .. 792 3 0 Management and office ex-Live-stock on station at 30th June, 1929 :— penses .. .. 39 0 0 £ s. d. 5,687 11 6 14,732 sheep .. 9,965 11 0 1,109 cattle .. 4,203 0 0 14,622 12 3 56 horses .. 325 0 0 Credits. Wool sold .. .. 396 11 10 £14,493 11 0 Advances against wool shipped .. .. 380 0 0 —.— Wool unrealized .. 170 0 0 Sheep aold .. .. 1,933 5 3 Waikakariki Station. Skins and hidea sold .. 10 8 6 £ s. d. 2,890 5 7 Balance at debit, 31st March, 1928 .. 3,199 9 5 .—— Debits. Balance at debit, 30th June, 1929 .. £11,732 6 8 £ S. d. ====;= Scrub-cutting .. .. 643 16 6 Live-stock on station at 30th June, 1929: — Seed .. .. .. 213 13 6 £ s. d. Seed-sowing .. .. 815 0 2,338 sheep .. .. 1,659 0 0 Fencing .. .. 536 0 4 12 cattle .. .. 54 0 0 Manure .. .. 186 5 9 Plant .. .. .. 19 5 8 £1,713 0 0 1,607 16 9 -

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MANGATU No. 1—continued. Statement of Live-stock depastured on Stations at 30th June, 1929.

Summary. £ s. d. 36,927 sheep .. .. .. .. 24,960 1 0 2,662 cattle '.. .. .. .. 9,598 0 0 130 horses .. .. .. .. 1,310 0 0 39,719 £35,868 1 0

MANGATU Nos. 3 AND 4. Ralance-sheet as prom Ist April, 1928, to 30th June, 1929. Liabilities. Assets. £ s. d. Freehold property — £ s. d. £ s. d. Foster Trust mortgage .. .. 1,600 0 0 Mangatu No. 3 .. 21,640 0 0 Mangatu No. 1 .. .. .. 3,396 12 2 Mangatu No. 4 .. 18,000 0 0 Capital .. .. .. .. 39,640 0 0 39,640 0 0 Improvements—Fencing .. .. 577 18 7 4 Survey .. .. 541 17 0 — 1,119 15 7 Revenue Account .. 2,719 5 5 Add Balance Income Account .. .. 1,157 11 2 ■ 3,876 16 7 £44,636 12 2 £44,636 12 2 Auditor's Certificate. I have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 30th June, 1929, 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, 13th September, 1929. D. R. Menzies, Chartered Accountant (Aust.), Auditor. Income Account as prom Ist April, 1928, to 30th June, 1929. £ s. d. £ s. d. To Distribution .. .. 1,840 0 0 By Rent .. .. .. .. 883 4 0 Land-tax .. .. .. .. 20 6 11 Royalty on timber .. .. .. 295 17 3 Management .. .. .. 31 5 0 Interest .. .. .. .. 276 2 2 Rates .. .. .. •• 168 18 4 Balance .. .. .. .. 1,157 11 2 £2,336 12 5 £2,336 12 5 MANGATU No. 3. Statement op Account as at 31st March, Statement op Account as prom Ist April, 1928. 1928, to 80th June, 1929. £ s. d. £ s. d. Rent collected .. .. .. 7,878 4 1 Balance at credit, 31st March, 1928 .. 3,351 1 1 Debits. Credits. £ s. d. £ s. d. Survey charges .. .. 270 18 6 Rent collected .. .. 883 4 0 Land-tax .. .. 361 10 0 Interest.. .. .. 218 10 7 Donation, Maori Soldiers 1,101 14 7 Fund.. .. .. 100 0 0 Legal expenses .. .. 522 11 7 Debits. 4,452 15 8 General expenses .. 182 15 7 Distribution to beneficiaries 1,840 0 0 Management and office ex- Land-tax .. .. 20 6 11 penses .. .. 412 15 0 Management and office exInterest. . .. .. 2,676 12 4 penses .. .. 15 12 6 — 4,527 3 0 1,875 19 5 Balance at credit, 31st March, 1928 .. £3,351 1 1 Balance at credit, 30th June, 1929 .. £2,576 16 3

Sheep. Cattle. Horses. Totals. Station. Number. Value. Number. Value. Number. Value. Number. Value. £ s. d. £ s. d. £ s. d. £ s. d. Mangatahu .. 7,360 4,840 0 0 644 2,169 0 0 12 75 0 0 8,016 7,084 0 0 Okaihau .. 2,338 1,659 0 0 12 54 0 0 .. .. 2,350 1,713 0 0 Pukutarewa .. 4,009 2,909 2 0 657 2,268 0 0 36 645 0 0 4,702 5,822 2 0 Waitangirua .. 4,864 3,309 8 0 232 | 876 0 0 15 75 0 0 5,111 4,260 8 0 Wairere.. .. 14,732 9,965 11 0 1,109 4,203 0 0 56 325 0 0 15,897 14,493 11 0 Waikakariki .. 3,624 2,277 0 0 8 28 0 0 11 190 0 0 3,643 2,495 0 0 36,927 24,960 1 0 2,662 i 9,598 0 0 130 1,310 0 0 39,719 35,868 1 0

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MANGATU No. 4. Statement of Account as from Ist April, 1928, to 30th June, 1929. Statement of Account as at 31st March, £ s <j_ 1928. Balance at debit, 31st March, 1928 .. 7,190 2 1 £ s. d. Fencing .. .. .. . • 577 18 7 Debits. Survey .. .. • • ■ • 270 18 6 £ s. d. Donation, Maori Soldiers Fund .. .. 100 0 0 Rates .. .. .. 125 13 1 Rates .. .. •• .. 2,214 810 Interest .. .. .. 537 18 0 Legal expenses .. . • •. 522 11 8 Management and office exGeneral expenses .. .. .. 243 14 3 penses .. .. .. 15 12 6 Management and office expenses .. 412 15 0 679 3 7 Interest .. .. •• •- 2,847 15 3 — ■ 7,869 5 8 Balance at debit, 31st March, 1928 .. £7,190 2 1 Credit. ===== Royalty on timber .. .. .. 295 17 3 Balance at debit, 30th June, 1929 .. £7,573 8 5 Sir, — Wellington, 13th September, 1929. I have to report that I have completed the audit of the accounts o£ Mangatu Block No. 1 for the period Ist April, 1928, to 30th June, 1929 ; also the accounts of Mangatu No. 2, Blocks 3 and 4, for a similar period, and I attach hereto sets of the foregoing accounts. 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 Gisborne, for the livestock on hand at 30th June, 1929, on the various farms. Distribution. —With reference to the distributions which have been made to the Natives during the current year, I have checked the amounts which have been paid direct from the Mangatu Account, and have seen receipts for these. As in past years, in most instances, however, cheques were handed to the Native Department for distribution to the various Natives concerned. I have vouched the receipts from the Native Land Court of the total moneys paid to them, but have not checked the individual receipts of Natives. I have adopted the same procedure as in previous years, and have, with the consent of the East Coast Commissioner, arranged for the Government Auditor to check the individual payments. Mangatu Nos. 3 and 4.—These accounts are incorporated in the accounts of No. 1 Block, and a separate Balance-sheet, Income Account, and statements have been prepared. Foster's Mortgage.—lt will be noticed that the mortgage of the Foster trustees is shown in the Balance-sheet of Mangatu Nos. 3 and 4, whereas the accrued interest on same appears in the balancesheet of Mangatu No. 1. We would point out that the reason for this action is that, although the mortgage was raised originally on Mangatu No. 3, the money is being used by Mangatu No. 1, which assumed responsibility for the principal amount, and the interest is charged to their account. 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., D. R. Menzies, Chartered Accountant (Aust.), Auditor. The Hon. the Minister of Native Affairs.

Approximate Coat of Paper.—-Preparation, not given; printing (450 copies), £6 6s.

Authority; W. A. G. Skinner, Government Printer, Wellington.—l 929.

Price 6'<Z.]