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Statements op Account por the Year ended 31st March, 1924 — continued. Income Account. Credits. £ s. d. £ s. d. £ s. d. Balance at debit, 31st March, 1923 .. 10,211 10 8 Rents .. .. .. 9,027 14 11 Dividend .. .. 2 2 0 Debits. £ s. d. Surplus of land-tax accrued, Interest .. .. 2,932 5 11 31st March, 1923, £3,454 Commission .. .. 225 6 3 17s. lid. ; less assessments Rates .. .. .. 05 56 amendodandpaid, Maori Soldiers' Fund .. 586 13 6 1921-22, 1922-23,1923-24, Legal expenses .. .. 149 1 4 £2,889 Bs. lid. .. 565 9 0 Travelling-expenses and fees 9,595 5 11 (committee) .. .. 54 9 0 Office and general expenses 185 0 0 Balance at debit, 31st March, 1924 £4,814 6 3 4,198 1 6 ======== 14,409 12 2 MANGATU Nos. 3 AND 4. Balance-sheet as at 31st March, 1924. Liabilities. Assets. Mortgages— £ s. d. £ s. d. Freehold property — £ s. d. £ s. d. Foster trustees .. 1,600 0 0 Mangatu No. 3 ..21,640 0 0 White and Nolan .. 8,000 0 0 Mangatu No. 4 .. 18,000 0 0 9,600 0 0 , ■ 39,040 0 0 Accrued interest .. .. 214 4 5 ImprovementsAccrued land-tax .. .. 42 9 5 Fencing .. .. 577 18 7 Capital Account .. .. .. 39,640 0 0 Survey .. .. 541 17 0 — 1,119 15 7 Mangatu No. 1 Account .. .. 4,524 7 8 Revenue Account .. 4,379 3 0 Less Income Account balance, 31st March, 1924 .. .. 166 12 5 4,212 10 7 £49,496 13 10 £49,496 13 10 Auditor's Certificate. I have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust lands, for the year ended 31st March, 1924, 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, 15th September, 1924. Arthur T. Clarke, Auditor. Income Account pob the Year ended 31st March, 1924. £ s. d. £ s. dTo Interest .. .. .. 356 16 4 By Rent .. .. .. 883 4 0 Rates .. . . .. 188 13 6 Maori Soldiers' Fund . . .. 106 13 5 Office and general expenses .. 37 0 0 Land-tax .. .. .. 27 8 4 Balance .. .. . . 166 12 5 £883 4 0 £883 4 0 Sir— Wellington, 15th September, 1924. I have to report that I have completed the audit of the accounts of Mangatu Block No. 1 for the year ended 31st March, 1924, also the accounts of Mangatu Blocks 3 and 4 for a similar period, and have pleasure in enclosing copies of same. Stock Account. —I have accepted without reservation the figures certified to by Mr. Syme, Farm Superintendent, • and by Mr. J. Harvey, Agent for the East Coast Commissioner at Gisborne. Farm Accounts. —This year the farm accounts appear on similar lines to those carried on by the East Coast Native Trust lands. A new farm, Pukutarewa, has been in operation for ten months. A further farm —namely, Wairere —is now being worked, but no actual farming operations took place before the 31st March last. Mangatu Nos. 3 and 4. —These accounts are incorporated in the accounts of Mangatu No. 1 Block, and a separate balance-sheet and Income Account have been prepared, which are enclosed herewith. Subject to the foregoing remarks, I certify that to the best of my knowledge and belief the accounts as signed by me are correct. j am & 0 _ Arthur T. Clarke, Auditor. The Hon. the Minister of Native Affairs, Wellington.

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