EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1ST JULY, 1933, TO 30th JUNE, 1934.

Appendix to the Journals of the House of Representatives, 1934 Session I, G-04

Gr.—4.

1934. 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, 1933, TO 30th JUNE, 1934.

Presented to both Houses of the General Assembly in 'pursuance of the Native Purposes Act, 1931

MANGATU No. 1. Balance-sheet as at 30th June, 1934. Liabilities. Assets. Public Trustee — £ s. d. £ s. d. £ s. d. £ s. d. General mortgage No. X .. 24,286 6 3 Freehold property .. .. 301,589 13 9 General mortgage No. 2 .. 26,951 5 0 Roads Account .. .. 2,092 5 1 Pukutarewa mortgage .. 15,000 0 0 Survey Account . . .. 287 8 6 Wairere mortgage . . 50,000 0 0 2,379 13 7 Interest accrued .. 689 8 1 Fencing Account .. .. 116 7 0 50,689 8 1 Advances— Bank of Australasia— Sundry blocks .. 533 16 5 Current Account .. 5,986 10 II Distribution Account .. 8 0 0 Interest accrued .. 31 4 0 Royal Commission .. 1,899 5 11 6,017 14 11 Owners'appeal on account Native Trustee — of Blocks Nos. 1 and 4 859 5 9 Mortgage Account .. 20,000 0 0 Advances to owners .. 3,340 4 7 Interest accrued .. 197 5 3 6,640 12 8 20,197 5 3 Mangatu Nos. 3 and 4 .. .. 2,676 1 8 Foster Trustees— Sundry debtors .. .. 589 12 6 Mortgage Account .. 1,600 0 0 Rent outstanding .. 3,354 14 6 Interest accrued .. 16 0 0 3,944 7 0 1,616 0 0 Investments— East Coast Commissioner .. .. 12,607 7 11 Poverty Bay Farmers' Rates accrued .. .. ■ • 904 6 3 Meat Co., Ltd. (shares) 5 0 0 Sundry creditors.. .. .. 684 5 7 Williams and Kettle, Ltd. Mangatahu Station Current (shares) .. .. 35 0 0 Account 36,218 5 1 40 0 0 Wairere Station Current Mangatahu live-stock .. .. 7,803 2 0 Account .. .. .. 2,880 11 3 Wairere live-stock .. .. 13,212 15 0 Distribution accounts — Okaihau Station .. 15,293 17 5 No i . 1,268 911 Live-stock .. .. 3,258 5 0 No. 3 .. .. 229 8 2 18,552 2 5 1,497 18 1 Pukutarewa Station .. 15,642 0 11 Excess of advances over valuation of un- Live-stock .. .. 6,775 13 0 realized wool .. •• •• 1,002 510 22,417 13 11 Capital Account .. .. •• 206,785 13 0 Waitangirua Station .. 14,005 6 8 Income Account .. .. •• 6,452 810 Live-stock .. .. 5,018 5 0 19,023 11 8 Waikakariki Station .. 13,502 13 2 Live-stock .. .. 1.861 10 0 15,364 3 2 Office furniture and fittings .. .. 15 15 0 Produce unrealized .. .. .. 15 2 6 £413,791 1 4 £413,791 1 4 Auditors' Certificate. We have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1934, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Ross, Wellington, N.Z., 2nd October, 1934. Public Accountants, Auditors. Income Account as at 30th June, 1934. Expenditure. Income. £ s. d. £ s. d. £ s. d. To General expenses .. 72 18 1 By Balance .. .. .. .. 3,754 10 10 Land-tax .. . • 294 17 8 Rent .. .. .. 7,904 18 1 Legal expenses .. 92 16 4 Dividend .. .. .. .. 1160 Commission .. .. 114 5 10 Travelling-expenses .. 3 5 0 Interest .. 4,449 11 8 Management and office expenses .. .. 181 1 6 5,208 16 1 Balance .. .. •• 6,452 8 10 £11.661 4 11 £11,661 4 11

G.—4.

MANGATU No. I—continued. Statement of Accounts for the Year ended 30th June, 1934. Waitangirua Station. Pukutarewa Station. £ s. d. £ s. d. Balance at debit at 30th June, 1933 .. 18,474 18 0 Balance at debit at 30th June, 1933 .. 24,644 12 9 Debits. Debits. £ s. d. £ s. d. Sheep bought .. .. 47 5 0 Sheep bought .. .. 115 19 0 Cattle bought .. .. 420 10 0 Cattle bought .. .. 20 0 0 Running - expenses, including Horses bought .. .. 38 0 0 repairs and maintenance .. 377 9 1 Running-expenses, including Wages .. .. .. 557 710 repairs and maintenance 302 16 7 Rates .. .. .. 678 16 5 Wages .. .. .. 1,015 18 10 Management and office ex- Rates .. .. .. 190 13 7 penses .. .. .. 122 410 Manure.. .. .. 24 8 1 Interest .. .. .. 952 1 9 Interest .. .. 1,250 6 0 3,155 14 11 Management and office expenses .. .. 136 5 8 21,630 12 11 — 3,094 7 9 Credits. Wool unrealized at 30th June, 27,739 0 6 1933 : Realized, £1,479 os. Credits. 4d.; valued at £792 .. 687 0 4 Wool unrealized at 30th Present season's wool: Sold, June, 1933: Realized, £96 18s. 7d. ; unrealized, £2,409 7s. 7d.; valued at £558 .. .. .. 654 18* 7 £1,278 .. .. 1,131 7 7 ■ Present season's wool un--1,341 18 1] realized .. .. 927 0 0 Mutton unrealized at 30th Sheep sold .. .. 1,718 12 1 June, 1933 : Sold, £231 17s. Cattle sold .. .. 1,292 17 0 2d. ; valued at £182 3s. 6d. 49 13 8 Horses sold .. .. 20 0 0 Sheep sold .. .. 685 12 6 Skins sold .. .. 29 10 1 Cattle sold .. .. 504 0 0 Slipe wool .. .. 83 2 0 Skins and hides .. .. 25 16 2 Farm produce .. .. 107 10 0 2,607 1 3 Meat sold .. .. 11 7 10 — 5,321 6 7 Balance at debit, 30th June, 1934 .. £19,023 11 8 , Balance at debit at 30th June, 1934 .. £22,417 13 11 Live-stock on station at 30th June, 1934 : — —, „— £ s. d. Live-stock on station at 30th June, 1934 4,143 sheep.. .. 2,811 15 0 £ s. d. 638 cattle.. .. 2,161 10 0 4,665 sheep.. .. 3,436 1 0 9 horses .. 45 0 0 699 cattle.. .. 2,523 12 0 66 horses.. .. 816 0 0 £5,018 5 0 ■ £6,775 13 0 Wairere Station. £ s. d. Balance at debit at 30th June, 1933 .. 17,375 11 4 Mangatahu Station. Debits. £ s. d. £ s. d. Balance at credit, 30th June, 1933 .. 23,235 14 0 Sheep bought .. .. 920 18 4 Cattle bought .. .. 2,680 7 0 Credits. Horses bought .. .. 21 7 6 Wool unrealized at 30th June £ s. d. Running-expenses, including 1933: Still unrealized, repairs and maintenance 1,039 8 1 £1,368; sold, £1,722 lis. Wages .. .. .. 1,215 13 0 lOd. — £3,090 lis. lOd. Rates .. .. .. 506 10 1 Valued at £2,022 .. 1,068 11 10 Management and office exPresent season's wool: Un- penses .. .. 326 10 11 realized, £1,491 ; sold, £27 Interest .. .. 1,022 19 6 14s. 9d. .. .. 1,518 14 9 Beef unrealized at 30th June, 1933: Valued at 2,587 6 7 £530; reali z e d, £517 Mutton unrealized at 30th 14s. 7d. .. .. 12 5 5 June, 1933: Sold, £710 7,745 19 10 12s. 3d. ; valued at £377 2s. 6d. .. .. 333 9 9 25,121 11 2 Sheep sold .. .. 2,778 0 9 Credits. Cattle sold .. .. 687 18 1 Wool unrealized at 30th Skins and hides sold .. 28 1 7 June, 1933: Sold, £6,020 Interest .. .. .. 1,103 6 2 lis. 9d. ; unrealized, £666 7,518 2 11 —£6,686 lis. 9d. Valued at £3,816 .. .. 2,870 11 9 30,753 16 11 Present season's wool: Sold Debits. £31 Bs. 2d.; unrealized, Sheep bought .. .. 109 0 0 £2,643 .. .. 2,674 8 2 Cattle bought .. .. 505 10 0 Mutton unrealized at 30th Running-expenses, including June, 1933 : Realized, repairs and maintenance.. 365 4 4 £1,275 17s. 6d.; valued Wages .. .. .. 876 11 5 at £689 .. .. 586 17 6 Rates .. .. .. 273 3 3 Sheep sold .. .. 4,871 3 4 Separator .. .. 18 10 6 Cattle sold .. .. 3,657 9 3 Management and office ex- Horses sold .. .. 77 13 3 penses.. .. .. 190 14 4 Skins sold .. .. 51 4 2 2,338 13 10 — — 14,789 7 5 Balance at credit, 30th June, 1934 ~ £28,415 3 1 Balance at debit at 30th June, 1934 .. £10,332 3 9 Live-stock on station at 30th June, 1934: — Live-stock on station at 30th June, 1934:- — £ s. d. £ s. d. 7,070 sheep.. .. 4,771 12 0 12,839 sheep .. 8,778 5 0 840 cattle.. .. 2,961 10 0 1,250 cattle .. 4,149 10 0 11 horses 70 0 0 51 horses .. 285 0 0 £7,803 2 0 £13,212 15 0

2

G,— 4.

MANGATU No. 1 —continued. Statement of Accounts for the Year ended 30th June, 1934 —continued. Waikakariki Station. Okaihau Station. £ s. d. £ s - "• Balance at debit at 30th June, 1933 .. 15,623 11 9 Balance at debit at 30th June, 1933 .. 18,326 4 6 Debits. Debits £ s d. £ s. d. Sheep bought .. .. 375 19 6 Sheep bought .. -- I ' 4 ®®" ® Horse bought .. • ■ 50 0 Cattle bought .. .. 20 0 Running - expenses, including Horse bought •• •• 80 0 repairs and maintenance .. 173 8 0 Running-expenses, including WoJL, 287 13 10 repairs and maintenance » o Rates :: :: :: «10 1 w r m 0 Manure 110 7 6 Rates 54 0 Seed ..11117 Interest .. .. • • 964 6 0 Interest !'. .. .. 795 10 6 Management and office exManagement and office ex- penses.. .. .. " 3 m 4 Q penS6S J—- 1,945 4 5 _J 21,623 8 6 17,568 16 2 Credits. Credits. Wool unrealized at 30th June, Wool unrealized at 30th June, 1933 : Sold, £332 16s. Bd.; 933 : Realized, £1,313 2s. unrealized, £297-£629 16s. r , "d.; valued at £882 431 211 8d Valued at £480 .. 149 16 8 Present season s wool: Sold, Present season's wool: Sold, - £26 17s. sd. ; unrealized, £3 18s. 6d.; unrealized, £633 ' ' , V £324 .. .. 327 18 6 Mutton unrealized at 30th Lamb unrealized at 30th June, J« ne > : Reallzed , 1933: Realized, £296 15s. £614 15s. Id.; valued at Id.; valued at £166 .. 130 15 1 £426 B f- " •" . If, }® J Sheep sold .. ..1,507 13 4 Sheep sod .. ® Cattle sold .. 71 15 0 Cattle sold .. .. 0 0 0 Skins sold ■ ■ • • 15 2 1 Skins sold .. .. 14 4 2 ■ ■ • ■ 2,204 13 0 Meat SOW ■ ■ " ----- at debit at 30th June, 1934 .. £15,364 3 2 Balance at debit at 30th June, 1934 .. £18,552 2 5 Live-stock on station at 30th June, 1934 Live-stock on station at 30th June, 1,670 sheep .. 1,277 o*o 3,281 sheep .. 2,455 15 0 117 cattle .. 389 10 0 234 cattle .. 792 10 0 12 horses 195 0 0 2 horses .. 1° 0 0 £1,86110 0 £3,258 5 0

Statement of Live-stock depastured on Stations at 30th June, 1934.

MANGATU Nos. 3 AND 4. Balance-sheet as at 30th June, 1934. Liabilities. Assets. £ s. d. Freehold property — £ s. d. £ s. d. Mamratu No I . •• •• 2 > 676 1 8 Mangatu No. 3 .. 21,640 0 0 Capital accounts 39,640 0 0 Mangatu No. 4 .. 18,000 0 0 Q Improvements — Fencing, £577 18s. 7d. ; survey, £541 17s. .. 1,119 15 7 Revenue Account, £3,094 19s. Bd. ; less balance Income Account, £1,538 13s. 7d. .. 1,556 6 1 2,676 1 8 £42,316 1 8 £42,316 1 8 Auditors' Certificate. We have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 30th June, 1934, and our report on the audit of the accounts is contained in our letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Ross, Wellington, N.Z., 2nd October, 1934. Public Accountants, Auditors.

3

Sheep. Cattle. Horses. Total. Station. ! ( ■ I Number. Value. Number. Value. Number. Value. Number. Value. £ s. d. £ s. d. £ s. d. £ s. d. rr hu is sin s I® I l i i::: s isn Pukutarewa (flock) .. 4,235 2,949 16 0 627 1,970 0 0 66 816 0 0 4,928 16 0 WaitaU r ua (StUdS) - 4 U3 2.8U 15 0 638 0 45*0 0 4.S IZ " 0 Wa*erf " 12 839 8,778 5 0 1,250 4,149 10 0 51 285 0 0 14,140 13,212 15 0 Waikakariki' !! M70 0 0 117 389 10 0 12 195 0 0 1,799 1,861 10 0 Totals .. 33,668 23,530 8 0 3,778 12.978 2 0 151 1,421 0 0 37,597 37,929 10 0

G.—4.

MANGATU Nos. 3 AND 4—■ continued. Income Account as at 30th June, 1934. Expenditure. Income. £ s. d. £ s. d. £ s. d. Rent .. .. .. .. 1,788 18 0 Interest .. .. 154 13 8 Bates .. .. .. 68 10 9 Spraying ragwort .. .. 2 0 0 Management and office expenses 25 0 0 250 4 5 Balance .. .. .. .. 1,538 13 7 £1,788 18 0 £1,788 18 0 MANGATU No. 3. Statement op Accounts for the Year ended 30th June, 1934. £ s. d. Balance at credit at 30th June, 1933 .. .. .. .. 5,710 9 3 Credits. £ s. d. Rent .. .. .. .. .. 1,788 18 0 Interest .. .. .. .. .. 340 4 4 — 2,129 2 4 7,839 11 7 Debits. Management and office expenses .. .. .. .. 12 10 0 Balance at credit at 30th June, 1934 .. .. .. £7,827 1 7 MANGATU No. 4. Statement op Accounts for the Year ended 30th June, 1934. £ s d. Balance at debit at 30th June, 1933 .. .. .. 9,925 4 6 Debits. £ s. d. Interest .. .. .. .. .. 494 18 0 Rates .. .. .. .. .. 68 10 9 Spraying ragwort .. .. .. .. 2 0 0 Management and office expenses . . .. 12 10 0 577 is 9 Balance at debit at 30th June, 1934 .. .. .. £10,503 3 3 Sir, — 2nd October, 1934. We have to report that we have completed the audit of the accounts of the Mangatu Block No. 1 for the twelve months ended 30th June, 1934 ; also of the accounts of the Mangatu Nos. 3 and 4 Blocks for the same period, and we attach hereto sets of the foregoing accounts. We have the following comments to make : — Freehold Property.—We have not verified the leases or titles of the various properties, but we have obtained from the solicitors to the trust a schedule of these as at 31st August, 1934, which we have accepted as correct. Stock Account. —We have accepted without reservation the figures for the live-stock on the various stations as at 30th June, 1934, as certified to by the Farm Managers and Mr. H. W. Symes, the Farm Superintendent. Wool. —Wool unrealized has been brought into the accounts at £9 per bale, with the exception of crutchings, which have been brought in at £3 per bale. Distributions. —In cases where payments have been made to the Natives during the current year through the Tairawhiti District Maori Land Board, we have accepted their receipt for the moneys paid to them, but have not checked the individual receipts of the Natives concerned. The same procedure has been adopted as in previous years, and the individual receipts from the Natives will be checked by the Government Auditor 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. Subject to the foregoing remarks, we certify that, to the best of our knowledge and belief, the accounts signed by us are correct. We have, &c., Clarke, Menzies, Griffin, and Boss, Public Accountants, Auditors. The Honourable the Minister of Native Affairs, Wellington, C. 1.

Approximate Cost of Paper.—Preparation, not given ; printing (450. copies), £5 10«.

By Authority : G. H. Loney, Government Printer, Wellington.—l 934.

Price 3d!.]

4