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1925. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1925.

Presented to both Houses of the General A ssembly in 'pursuance of Section 14 of the Mangatu No. 1 Empowering Act, 1893.

MANGATU No. 1. Balance-sheet as at 31st March, 1925. Liabilities. Assets. Public Trustee— £ s. d. £ s. d. £ s. d. £ s. d. Mortgage Account Freehold property .. .. 195,237 0 0 (General) .. .. 42,800 6 2 Roads.. .. .. 2,092 5 1 Less amount on hand on Survey expenses .. 287 8 6 account of rents .. 2,258 3 9 2,379 13 7 40,542 2 5 Advances— Mortgage Account (Puku- Waingaromia and Rangatarewa) .. .. 15,000 0 0 tira .. .. 10,492 18 7 Interest accrued .. 32 1 0 W. L. Rees .. .. 1,624 1 1 15,032 1 0 Sundry blocks .. 345 18 7 Mortgage Account (Wai- Owners in Mangatu No. 1 4,903 10 3 rere) .. .. 50,000 0 0 Distribution Account .. 304 0 0 Interest accrued .. 1,491 15 8 Owners on account of 51,491 15 8 Royal Commission .. 1,229 18 4 Native Trustee— Owners' appeal on acMortgage Account .. 20,000 0 0 count of Blocks Nos. Interest accrued .. 580 10 11 1 and 4 .. .. 556 15 6 20,580 10 11 19,457 2 4 Bank of Australasia — Valuation and Arbitration Current Account .. 11,581 11 7 Account .. .. .. 57 15 0 Interest accrued .. 179 2 2 Sundry debtors— 11,760 13 9 On Open Account .. 6,040 1 5 Money advanced by way of Outstanding rents .. 1,013 9 8 loan— ' " 7,053 11 1 Mangatu Nos. 3 and 4 Investments— Blocks .. .. .. 4,775 13 5 Poverty Bay Farmers' Sundry creditors on Open Meat Company (LiAccount .. .. .. 1,960 6 11 mited) —Shares .. 5 0 0 Mangatahu Station— Williams and Kettle (LiCurrent Account .. .. 1,553 4 4 mited) —Shares .. 35 0 0 Capital Account .. .. 159,471 6 3 40 0 0 Mangatahu Station—• Live-stock .. .. 8,866 18 0 8,866 18 0 | Pukutarewa Station Account .. .. 11,879 1 11 Live-stock .. .. 4,545 14 11 16,424 16 10 Waitangirua Station Account .. .. 3,274 8 1 Live-stock .. .. 4,858 15 0 8,133 3 1 Wairere Station Account.. 27,328 6 1 Live-stock .. .. 19,215 8 5 — 46,543 14 6 Office furniture .. .. .. 15 15 0 Produce unrealized— Pukutarewa—Wool .. 80 0 0 Waitangirua—Wool .. 10 0 0 90 0 0 Income Account .. .. 2,868 5 3 £307,167 14 8 £307,167 14 8 Auditor's Certificate. I have audited the accounts of Mangatu No 1 Block, East Coast Native Trust lands, for the year ended Ist 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.