5

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Statements op Account for the Year i.ndkd 31st March, 1923 — continued. Waitangirua Farm Account. £ s. d. Credits. Balance at debit, 31st March, 1922 .. 3,017 10 8 £ s. d. £ s. d. £ s. d. Debits. i Woo) sold .. 703 0 4 £ s. d. | Wool unrealized .. 92 0 0 Wages and shearing .. .. 019 10 O 855 0 4 Stores .. . . .. 325 0 8 Skins and pelts sold . . .. 47 13 8 Cartage .. .. .. 48 9 2 i Cattle Account .. .. 300 7 3 Repairs .. .. ..33 13 1 Sheep Account .. .. 1.005 10 0 Fencing .. .. .. 144 18 O 2,809 3 9 Fire insurance .. .. 13 12 0 Accident insurance .. 10 2 5 £4,500 5 8 Travelling-expenses .. .. 3 4 0 Telephone .. .. .. 30 17 11 £ s. d. Interest.. .. 1,753 13 3 Live-stock on farm. 31st March, 1923Less one vear's £ s. d. interest on Tait 4,828 sheep .. .. 3,387 2 0 loss .. 371 19 7 392 cattle .. .. 1,508 10 0 1,381 13 8 I I horses .. .. 55 0 0 Rates .. .. .. 537 11 11 Depreciation— £4,950 12 0 Farming plant .. .. 52 1 3 —__________ Station furniture .. .. 15 15 7 Horses Account .. ..22 15 (I Management and office expenses 506 8 0 3,751 19 2 7,309 9 5 Mangatahu Farm, Account. Debits. Credits. Compensation for improvements on 4,019 £ s. d. £ s. d. £ s. d. acres at £2 15s. .. .. 11,052 5 0 Sheep and mutton sold ..2,490 10 0 £ s. (I. Cattle sold .. .. 191 5 0 Sheep bought .. .. 7,729 1 8 Wool sold .. .. 1,007 3 7 Cattle bought .. ..2,373 12 9 Wool unrealized, 31st March. Horses bought .. .. 54 0 0 1923 .. .. .. 94 4 0 Plant and tools .. .. 107 2 0 Skins and hides .. .. 12 0 10 Wages and droving .. 038 3 2 4,410 5 5 Shearing and wool charges . . 246 17 8 Rent .. .. .. 14 16 0 Station requisites .. .. 10 3 0 4,410 5 5 Stores . . .. .. 220 2 3 Fire and accident insurance 8 2 3 Balance at debit, 31st March, 1923 ..£20,277 I 0 Building wall (river protection) .. .. .. 21 0 0 Cartage and railage .. 09 8 0 Travelling and petty expenses 4 12 (i Live-stock on farm, 31st March, 1923— Fiirnishing-allowance .. 30 0 0 £ s. d. Legal expenses re mortgage.. 129 4 0 8,255 sheep .. .. 0,942 7 8 Fencing-repairs .. .. 35 0 0 829 cattle .. .. 3,010 0 0 Interest .. .. .. 1,315 0 7 4 horses .. .. 35 0 0 Rates .. .. .. 188 9 0 Management and office ex- £9,993 7 8 penses .. .. 283 0 3 Advertising and commission 04 (i 3 Valuation fees . . .. 24 3 0 Repairs and shoeing .. 11 12 7 13,635 1 II 24,687 0 II MANGATU Nos. 3 and 4. Balance-sheet as at 31st March, 1923. Liabilities. Assets. Mortgage Account— £ s. d. £ s. d. Freeholds— £ s. d. £ s. d. Foster trustees . . .. 1,000 0 0 Mangatu No. 3 ..21,040 0 0 White and Nolan .. 8,000 0 o Mangatu No. 4 .. 18,000 0 0 — 9,600 0 0 39,640 0 0 Accrued (axes and interest . . .. 285 5 11 improvements— Capital Account .. .. .. 39,040 0 0 Fencing .. .. 577 18 7 Survey charges., .. 541 17 o 1.119 15 7 Revenue Account .. 4,513 4 0 Jjpss Income Account . . 134 I 0 4,379 3 0 Mangatu No. I .. .. .. 3,944 15 4 Sundry debtors .. .. .. 441 12 0 £49,525 5 11 £49,525 5 11 Auditor's Certificate. 1 have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 31st March, 1923, and my report on the audit of the accounts is contained in my letter of even date to the Minister of Native Affairs, Wellington, 4th October. 1923. Arthur T. Clarke, Auditor.