EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1931, TO 30th JUNE, 1932.

Appendix to the Journals of the House of Representatives, 1932 Session I-II, G-04

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1932. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1931, TO 30th JUNE, 1932.

Presented to both Houses of the General Assembly in pursuance of Section 40 of the Native Purposes Act, 1931.

MANGATU No. 1. Balance-sheet as at 30th June, 1932. Liabilities. . Assets. Public Trustee— £ s. d. £ s. d. £ s. d. £ s. d. General mortgage No. 1 24,286 6 3 Freehold property .. .. 301,589 13 9 Interest accrued .. 119 15 4 Roads Account .. .. 2,092 5 1 24,406 1 7 Survey Account .. 287 8 6 General mortgage No. 2 26,951 5 0 2,379 13 7 Interest accrued .. 320 17 8 Fencing Account .. .. 116 7 0 27,272 2 8 Advances— Pukutarewa mortgage ..15,000 0 0 Sundry blocks.. .. 533 16 5 Interest accrued .. 726 8 1 Distribution Account 15,726 8 1 No. 1 .. .. 8 0 0 Wairere mortgage .. 50,000 0 0 Royal Commission .. 1,899 511 Interest accrued .. 3,240 17 9 Owners' appeal on ac53,240 17 9 count of Blocks 1 and 4 859 5 9 Bank of Australasia— Advances to owners .. 3,340 4 7 Current Account ..19,733 15 4 6,640 12 8 Interest accrued .. 280 14 7 Mangatu Nos. 3 and 4 .. .. 3,850 12 10 20,014 9 11 Sundry debtors .. .. 561 1 4 Native Trustee— Rent outstanding .. 7,205 18 9 Mortgage Account .. 20,000 0 0 "> 767 0 1 Interest accrued .. 197 5 3 Investments— 20,197 5 3 Poverty Bay Farmers Foster Trustees— Meat Co., Ltd. (shares) 5 0 0 Mortgage Account .. 1,600 0 0 Williams and Kettle, Ltd. Interest Account .. 19 4 0 (shares) .. .. 3o 0 0 1,619 4 0 40 0 0 East Coast Commissioner .. .. 17,348 8 0 Mangatahu live-stock .. .. 7,148 12 0 Rnt« accrued . •• 1,246 19 7 Okaihau Station.. .. 14,503 16 9 Sundry credlrs .\ .. .. 267 12 3 Live-stock .. .. 2,660 10 0 Mangatahu Station Current Account .. 28,550 12 11 o o 17 > 164 6 9 Distribution Accounts 1,526 8 9 Pukutarewa Station ..17,692 3 8 Capital Account 206,785 13 0 Live-stock .. .. 6,054 9 0 Income Account 4,867 5 6 23,746 12 8 Waitangirua Station .. 12,815 9 11 Live-stock .. .. 4,044 5 0 16,859 14 11 Wairere Station .. .. 3,7T9 19 9 Live-stock .. .. 13,553 2 0 17,333 1 9 Waikakariki Station .. 13,211 13 9 Live-stock .. .. 1,830 8 0 15,042 1 9 Office furniture and fittings .. 15 15 0 Produce unrealized .. .. 3,375 4 6 £423,069 9 3 £423,069 9 j$ Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1932, 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, 6th December, 1932. D. R. Menzies, Chartered Accountant (Australia), Auditor. Income Account as at 30th June, 1932. Expenditure. Income. £ s. d. To Expenses re Committee £ s. d. £ s. d. By Balance .. .. .. ■■ j,Uf P 1 meetings, &c. .. 60 19 0 Rent .. 9,424 15 5 Land-tax .. . . 294 17 8 Refund, legal expenses .. .. 110 Interest .. -. 5,948 8 3 Commission.. . . 75 15 7 Management and office expenses .. •. 217 15 6 F 6,597 16 0 Balance.. .. ■• •• 4,867 5 6 £11,465 1 6 £11,465 1 6

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MANGATU No. I—continued. Statement of Accounts foe the Year ended 30th June, 1932. Waitangihua Station. Pukutarewa Station. £ s. d. £ s d Balance at debit at 30th June, 1931 .. 15,794 2 4 Balance at debit at 30th June, 1931 .. 22,594 16 11 Debits. £ s. d. Debits. Sheep bought .... 20 10 0 £ s d Cattle bought .. .. 226 14 0 Sheep bought .. . 501 10 9 Wa g es • • • • .. 668 12 2 Cattle bought .. . . 160 0 0 Running-expenses, including ■ Wages .. .. .. 973 ] 11 repairs and maintenance .. 298 16 0 Running-expenses, includRates ■ • ■ • .. 285 310 ing repairs and maintenInterest 965 10 2 ance 616 19 10 Management and office ex- Rates .. .. .. 164 13 3 penses .. .. .. 115 0 0 Interest .. .. 1,435 1 6 2,580 6 2 Management and office expenses .. .. 150 0 0 18,374 8 6 4,001 7 3 Credits. Surplus on wool unrealized at £ s. d. na kqo a o 30th June, 1931 .. .. 75 6 4 Credits. Wool for present season valued Wool for present season £s. d. o at , ■• •• .. 330 16 6 valued at .. .. 666 18 11 burplus on mutton unrealized Deficiency on wool unat 30th June, 1931 .. 64 15 2 realized at 30th June, Sheep sold .. .. 289 16 8 1931 .. .. 589 0 4 Mutton unrealized at 30th June, 1932 .... 23 15 0 • 77 18 7 Cattle sold .. .. 724 5 0 Surplus on mutton and Skins and hides sold .. 5 18 11 lamb unrealized at 30th 1,514 13 7 June, 1931 .. .. 84 8 7 T, Sheep sold .. .. 1,859 16 3 Balance at debit, 30th June, 1932 ..£16,859 1.4 11 Cattle sold .. .. 589 10 0 *=■-* V•' Horses sold .. .. 5 0 0 _. Farm-produce sold .. 218 5 0 Live-stock on station at 30th June, 1932 :— Skins and hides sold 10 6 8 £ s. d. Meat sold .. .. 4 6 5 3,744 sheep .. .. 2,527 15 0 2 849 11 6 441 cattle .. .. 1,466 10 0 '. 10 horses .. .. 50 0 0 Balance at debit, 30th June, 1932 ..£23,746 12 8 £4,044 5 0 Live-stock on station at 30th June, 1932 :— =—= £ s. d. 4,571 sheep .. .. 3,228 9 0 633 cattle .. .. 2,166 0 0 36 horses .. .. 660 0 0 £6,054 9 0 Waieeee Station. Mangatahtj Station. . £ s d £ s. d. Balance at debit at 30th June, 1931 .. 16,502 7 2 Balance at credit at 30th June, 1931 .. 20,577 4 9 ' Debits. Credits. Deficiency on wool mi- £ s d Surplus on mutton, lamb, £ s. d. realized at 30th June, and beef unrealized at 1931 2 489 11 5 30th June, 1931 .. 116 19 8 Wool for present season ' Mutton unrealized at 30th va l ue d at .. .1 952 12 0 June, 1932 .. .. 15 17 6 _L Sheep sold .. .. 1,495 18 7 536 19 5 Cattle sold .. .. 702 10 0 Deficiency on mutton unSkins and hides sold .. 12 15 10 realized at 30th June, 1931 105 10 6 Interest .. .. 1,037 14 4 Sheep bought .. .. 652 12 9 3,381 15 11 Cattle bought .. .. 471 17 6 —■ Wages . . . . • • 1,545 8 2 23,959 0 8 Running-expenses, includ- _, . Debits. i n g re p a i rs an< i ma intenUenciency on wool un- ance 702 3 6 realized at 30th June, £ s. d. Rates " " " 453 17 3 ro 19 f l f •■ •• 1-60110 5 Interest '.. ','. 1,334 12 10 Wool tor present season Management and office exvalued at .. .. 1,067 2 9 penses .. .. 385 0 0 J^!_ B _i^: Sheep bought .... 158 11 3 22 690 9 1 Running-expenses, includ- Credits ing repairs and mainten- '' £ g , T7 anoe ■• •• 402 9 5 Mutton and lamb unrealized 777 5 0 Wa S es 1,002 8 10 Sheep sold .. .. 2 063 12 7 2eS ■■ ;• •• 249 2 7 Cattle sold .. .. 2,496 15 10 Management and office ex- Skins and hides sold 18 13 11 Penses .. .. 210 0 0 Meat sold .. 10 0 2,556 19 9 5>357 7 4 Balance at credit, 30th June, 1932 ..£21,402 011 Balance at debit, 30th June, 1932 ..£17,333 1 9 Live-stock on station at 30th June, 1932 :— Live-stock on station at 30th June, 1932 :— "". 7 .™ Bh 3P •' •' i'^fJ 2 ° 14,013 sheep .. 9,472 12 'o 703 cattle .. .. 2,412 0 0 1,116 cattle .. 3 800 10 0 12 horses .. 90 0 0 44 horses .. 280 0 0 £7 >1 48 I 2 0 £13,553 2 0

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MANGATU No. I—continued. Statement of Accounts for the Year ended 30th June, 1932— continued. Waikakariki Station. Okaihau Station. £ s. d. £ s. d. Balance at debit at 30th June, 1931 .. 12,865 2 8 Balance at debit at 30th June, 1931 .. 15,766 7 8 Debits. Debits. Deficiency on wool unrealized £ s. d. Deficiency on mutton and at 30th June, 1931 .. 648 11 10 lamb unrealized at 30th £ s. d. Wool for present season June, 1931 .. . . 12 17 9 valued at .. .. 252 0 0 Sheep bought .. .. 860 2 6 Cattle bought .. .. 57 0 0 396 11 10 Wages .. .. .. 371 0 2 Deficiency on mutton and lamb Running-expenses, includunrealized at 30th June, 1931 68 15 1 ing repairs and maintenSheep bought .. .. 804 11 2 ance .. .. .. 221 19 2 Cattle bought .. .. 80 0 0 Rates .. . . . . 65 14 2 Wages .. .. .. 397 11 11 Interest .. .. 1,058 16 1 Running-expenses, including ' Management and office exrepairs and maintenance .. 460 11 2 penses .. .. 85 0 0 Rates .. .. .. 38 1 6 2 732 910 Interest .. .. .. 845 5 2 Management and office ex- Credits. 18,498 17 6 penses .. .. .. 50 0 0 Wool for present season 3,141 7 10 valued at .. .. 459 12 8 Deficiency on wool un--16,006 10 6 realized at 30th June, 1931 .. .. 353 4 10 Credits. £ s. d. £ s. d. 106 710 Sheep sold .. .. 876 9 5 i Mutton unrealized at 30th Cattle sold .. .. 70 17 6 June, 1932 .. .. 808 15 0 Skins and hides sold .. 8 3 10 Sheep sold .. .. 296 1 9 Meat sold '.. .. 8 18 0 Cattle sold .. .. 120 0 0 964 8 9 Skins and hides sold .. 3 6 2 1;334 10 C) Balance at debit, 30th June, 1932 .. £15,042 1 9 =——==» Balance at debit, 30th June, 1932 ..£17,164 6 9 Live-stock on station at 30th June, 1932 : — Live-stock on station at 30th June, 1932 :— £ s. d. £ s. d. 2,092 sheep .. .. 1,355 8 0 3,479 sheep .. .. 2,093 0 0 98 cattle .. 285 0 0 151 cattle .. .. 562 10 0 11 horses .. 190 0 0 1 horse .. .. 5 0 0 £1,830 8 0 £2,660 10 0

Statement of Live-stock depastured on Stations at 30th June, 1932.

MANGATU Nos. 3 AND 4, Balance-sheet as at 30th June, 1932. Liabilities. Assets. £ s. d. I Freehold property— £ s. d. £ s. d. Mangatu No. 1 .. .. .. 3,850 12 10 Mangatu No. 3 .. 21,640 0 0 Rent accrued .. .. .. 441 12 0 Mangatu No. 4 .. 18,000 0 0 Capital accounts .. .. .. 39,640 0 0 39,640 0 0 Sundry debtors .. .. 441 12 0 Improvements— Fencing .. .. 577 18 7 Survey .. .. 541 17 0 1,119 15 7 Revenue Account .. 2,838 0 0 Less balance, Income Account .. .. 107 2 9 2,730 17 3 £43,932 4 10 £43,932 4 10 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, 1932, 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. D. R. Menzies. Chartered Accountant (Australia), Auditor. Wellington, N.Z., 6th December,, 1932.

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Sheep. Cattle. Horses. Totals. Station. : — — ■ Number. Value. Number. Value. Number. Value. Number. Value I " I £ s. d. £ s. d. £ s. d. I £ s. d. Mangatahu .. 7,020 4,646 12 0 703 2,412 0 0! 12 90 0 0 7,735 7,148 12 0 Okaihau .. | 3,479 2,093 0 0 151 562 10 0 1 5 0 0 3,631 2,660 10 0 Pukutarewa .. I 4,571 3,228 9 0 633 2,166 0 0 36 660 0 0 5,240 6,054 9 0 Waitangirua .. 3,744 2,527 15 0| 441 1,466 10 0 10 50 0 0 4,195 4,044 5 0 Wairere .. 14,013 9,472 12 0 1,116 3,800 10 0 ! 44 280 0 0 15,173 13,553 2 0 Waikakariki .. 2,092 1,355 8 0 98 285 0 0 11 190 0 0 2,201 1,830 8 0 I 34,919 23,323 16 0 3,142 10,692 10 0 j 114 1,275 0 0 38,175 35.291 6 0 I _ '

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MANGATU Nos. 3 AND 4— continued. Income Account as at 30th June, 1932. Expenditure. £ s. d. Income. £ s. d. Interest .. .. .. .. 216 18 2 Rent collected .. .. .. .. 441 12 0 Land-tax .. .. .. 12 0 0 Rates .. .. .. .. 80 11 1 Management and office expenses .. .. 25 0 0 Balance .. .. ... .. 107 2 9 £441 12 0 £441 12 0

MANGATU No. 3. Statement or Account for the Year ended 30th June, 1932. £ s. d. £ s. d. Balance at credit at 30th June, 1931 .. .. .. 4,714 19 9 Credits. Rent collected .. .. .. .. .. 441 12 0 Interest .. .. . . .. .. 304 5 7 745 17 7 5,460 17 4 Debits. Land-tax .. .. .. .. 12 0 0 Management and office expenses .. .. .. 12 10 0 — 24 10 0 Balance at credit, 30th June, 1932 .. .. .. £5,436 7 4

MANGATU No. 4. Statement of Account for the Year ended 30th June, 1932. £ s. d. £ s. d. Balance at debit at 30th June, 1931 .. .. .. 8,672 15 4 Debits. Rates .. .. .. .. .. .. 80 11 1 Management and office expenses .. .. .. 12 10 0 Interest.. .. .. .. .. .. 521 3 9 614 4 10 Balance at debit, 30th June, 1932 .. .. .. £9,287 0 2

Sir,— 102 Featherston Street, Wellington, N.Z., 6th December, 1932. I have to report that I have completed the audit of the accounts of the Mangatu Block No. 1 for the twelve months ended 30th June, 1932 ; also the accounts of the Mangatu Nos. 3 and 4 Block» for the same period, and I attach hereto sets of the foregoing accounts. Stock Accounts. —I have accepted, without reservation, the figures for the live-stock on the various stations at 30th June, 1932, as certified to by Mr. H. Syme, the Farm Superintendent. Wool. —The wool unsold has been brought into the accounts at £6 per bale. There is a large quantity unsold belonging to previous seasons, and adjustments in the valuation will be made when the wool is finally disposed of. Advances. —The various amounts grouped under this heading in the assets is intended to be paid from distributions to Native owners when available in future years. Debtors. —No distributions have been made during the year, and the effect of this is that the amount owing by Native debtors is heavier than usual. If and when distributions are available, a large number of Native accounts will be automatically either paid off or reduced. Distributions. —Moneys distributed to Natives during the current year were merely balances of distributions authorized during the previous years. I have seen receipts from the Native Land Board for moneys paid to them, but have not checked the individual receipts of the Natives. The same procedure has been adopted as in previous years—that is, individual payments are checked by the Government Auditors in the course of the Audit of the Tairawhiti District Maori Land Board. Mangatu Nos. 3 and 4. —These accounts are incorporated in the books of No. 1 Block, but separate Balance-sheet, Income Account, and statements have been prepared and are presented. Subject to the foregoing remarks, I certify that to the best of my knowledge and belief the accounts signed by me are correct. I have, &c, D. E. Menzies, Chartered Accountant (Australia), Auditor. The Hon. the Minister of Native Affairs, Wellington, C. 1.

Approximate Cost of Paper. —Preparation, not given ; printing (365 copies), £5.

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