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Tahora No. 2f, Section 2.- Statement of Account for the Year ending 31st March. 1915. £ b. d. Balance at debit, 31st Maroh, 1914 .. .. .. .. .. .. 4,875 1 3 Payments. £ b. d. Contribution to Defence Fund .. .. .. 70 0 0 County rates .. .. ~ .. .. .. 72 10 I I Law-costs and mortgage charges . . . . . . . . 25 0 9 Interest . . . . . . . . . . 298 16 9 Management, audit, office, and travelling expenses .. .. .. 110 0 0 .-)7(i 8 5 5,451 9 8 Receipts. Rents .. ~ .. .. .. .. .. .. .. 430 3 2 Balance at debit, 31st March, 1915 .. .. .. .. .. .. £5.021 6 6 Area of block, I 1,870 acres. Value, £27,425.

Tahora No. 2f, Section 2 (Papuni Farm Account). —Statement of Account for the Year ending 31st March, 1915. £ (1 Balance at debit, 31st March, 1914 .. .. .. .. .. 13.029 10 11 Debits. £ s. il. Wool unrealized, 31st March, 1914 .. .. .. .. .. 720 0 0 Clearing .. .. .. .. .. 184 9 6 Sowing .. .. .. . . . . .. .. 33 9 9 Fencing . . .. .. . . . . .. 343 15 I Telephone-line . . . . . . . . . . . . . . 26 9 2 588 3 9 Tools and plant .. . . . . . . . . .. 7 0 6 House requisites .. .. .. .. .. .. 7 5 0 Sheep bought .. .. .. .. .. .. 115 4 0 Horses bought, .. .. . . .. . . .. 8 0 0 Shearing, dipping, and wool charges .. .. .. ~ 209 8 4 Wages and droving .. .. .. . . .. .. 530 15 0 Stores .. .. .. .. .. .. .. .. 11488 Horse-shoeing .. .. .. .. .. .. .. 7 4 0 Roads and tracks .. . . . . . . . . 2 7 8 Repairs .. .. .. .. .. .. . . 3 13 (i Pipe and accident insurance .. .. .. .. .. 15 9 10 Rabbit Board rate .. .. .. . . .. .. 6 2 3 Inspection .. .. .. .. .. .. .. 13 13 0 Miscellaneous charges .. .. . . .. .. .. 410 0 Interest .. .. .. .. .. .. .. 774 9 10 1,819 II 7 Mi. 157 6 3 < 'redits. Wool sold .. .. .. . . . . . . . . 851 9 6 Sheep sold .. .. .. .. .. .. .. 737 13 5 Cattle sold .. .. .. .. .. .. .. 195 5 3 Meat sold . . .. . . . . . . . . I I.'! (i Stores sold .. .. .. .. .. .. .. 13 19 7 Plant sold .. .. .. .. .. .. .. 3 0 0 Refunds .. .. .. .. . . .. .. 8 3 6 Abandoned contract forfeited .. .. .. .. .. 125 0 3 Wool unrealized. 31st March, 1915 .. .. .. 1,365 0 o 3.331 5 o Balance at debit, 31st March, 1915 .. .. .. .. .. £12,823 1 3 Live-stock on farm, 31st March, 1915 — t b, .1. 4.533 sheep .. .. .. .. .. 3,501 0 0 295 oattle .. .. .. .. .. 1,598 0 0 20 horses .. .. .. .. .. 208 0 0 £5,307 0 0