G.— 4

Session 11. 1923. NEW ZEALAND.

MANGATU BLOCKS 1, 3, AND 4 (STATEMENT OF ACCOUNTS OF THE) AS AT 31st MARCH, 1922.

Presented to the House of Representatives in pursuance of the Mangatu No. 7 Empoioering Art, 1S!)3

MANGATU No. I. Balance-sheet as at 31st March, 1922. Liabilities. Assets. £ s. d. E s. d. £ s. d. £ s. d. Public Trustee .. .. 40,151 12 9 Freehold property .. .. 195,237 0 0 Less amount on hand on Improvements .. .. 2,83(i 14 11 account of rents .. 3,070 17 0 Roads .. .. 2,092 5 I 37,080 15 9 Survey expenses .. 287 8 6 Rank of Australasia — 5,210 8 0 Mortgage Account . . 10,000 0 0 Advances— Interest accrued .. 329 17 3 Mangatu No. 3 and No. 4 10,329 17 3 Block .. .. 3,408 12 5 Current Account .. 19,089 9 4 WaingaromcaandßangiInterest accrued .. 072 10 10 tira .. .. 10,492 18 7 20,302 0 2 W. L. Rees .. .. 1,024 1 1 Sundry creditors on open account .. 404 9 2 Sundry block advances 300 110 Accrued rates .. .. .. 375 5 8 Owners in Mangatu No. 1 4,339 8 11 Suspense Account —Amount recovered Distribution Account 304 0 0 from T. P. Tait (deceased) and held Owners appeal on account pending decision re capitalization of of Blocks 1 and 4 .. 492 12 0 losses .. .. .. .. 712 1.3 2 Owners on account of Capital Account .. .. .. 105,083 9 10 Royal Commission .. 780 13 4 Sundry expenses re renewal of leases .. 410 10 0 22,105 4 2 Live-stock— Sheep .. .. 3,005 10 0 Cattle .. .. 098 0 o Horses .. .. 30 0 0 3,733 10 0 Stores on hand .. .. .. 20 0 0 Sundry debtors — On Open Account .. 190 8 1 Outstanding rents .. 757 4 3 953 12 4 Investments — Poverty Bay P.M. Company (Limited) .. 375 0 0 Williams and Kettle (Limited) .. . . 35 0 0 410 0 0 Plant . . .. .. 432 0 4 Less depreciation .. 54 0 0 378 0 4 Furniture .. .. 107 17 3 Less depreciation .. 11 10 0 96 7 3 Produce unrealized — Wool .. .. 080 0 0 Beef .. .. 190 0 0 870 0 0 Insurance paid in advance .. 20 19 3 W. N. Park's imprest account .. 50 0 0 Income Account .. .. 5,251 15 2 £234,408 17 0 £234,408 17 0