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1925. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1925.

Presented to both Houses of the General Assembly in 'pursuance of Section 13 of the East Coast Native Trust Lands Act, 1902.

EAST COAST NATIVE TRUST LANDS. Balance-sheet as at 31st March, 1925. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Mortgages secured on Freehold lands .. .. 362,259 0 0 freehold .. .. 105,500 0 0 Unpaid purchase - money Interest accrued on same 1,547 18 5 on sale of freeholds .. 49,572 8 0 107,047 18 5 Interest accrued on same 1,968 15 7 Bank of Australasia — 51,541 3 7 Interest accrued .. .. 80 4 4 Cash at Bank of AustralAccrued rates and taxes .. 1,830 7 10 asia .. .. .. 13,647 18 2 Sundry creditors — Rents due and accrued .. .. 3,252 7 9 Williams and Kettle Insurance paid in advance .. 14 1 0 (Limited) .. .. 95 11 9 Interest accrued on value On open account .. 324 7 8 of fencing Maraetaha 419 19 5 No. 2, Sees. 3 and 6 .. .. 11 6 10 Amounts due to Natives Produce unrealized —Wool .. 1,050 0 0 on account rents, farm Live-stock on farms .. .. 27,094 1 0 profits, &c. .. .. 1,194 4 1 Posts on hand .. 237 10 0 Amounts at credit of Grass-seed, &c., on hand 42 5 7 blocks —Rentals, pur- 279 15 7 chase-money, &c. .. 6,360 210 Advances to Natives on 7,554 6 11 account farm profits, Surplus .. .. .. 355,140 18 2 rentals, &c. .. 4,697 19 7 Sundry debtors, on open account .. .. 3,406 4 8 8,104 4 3 Advances to blocks on account management, rents, &c. .. .. .. 2,206 13 11 Investments— Wairoa Farmers' Cooperative Meat Co., (Limited) —1,500 shares of £1 each (12s. 6d. called up).. 937 10 0 Oisborne Sheepfarmers' Frozen Meat and Mercantile Company (Limited) —500 ordinary shares of £1 each fully paid .. 500 0 0 958 shares of £1 each (15s. called up) .. 718 10 0 2,156 0 0 Office fixtures and furniture .. .. .. 97 16 0 Travelling plant .. .. £59 7 0 £472,073 15 1 £472,073 15 1 Auditor's Certificate. I have audited the accounts of the East Coast Native Trust Lands for the year ended 31st March, 1925, 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, 7th September, 1925. Arthur T. Clarke, Auditor,

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