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1927. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDING 31st MARCH, 1926.

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, 1926. Liabilities. Assets. £ s. d. £ s. d. £ a. d. £ s. d. Mortgages secured on Freehold lands .. .. .. 366,521 19 10 freehold .. .. 54,200 0 0 Unpaid purchase - money Interest accrued on same 828 510 on sale of freeholds .. 30,772 8 0 55,028 510 Interest accrued on same 2,477 12 11 Bank of Australasia .. 22,504 11 9 33,250 011 Interest accrued .. 252 10 4 Rents due and accrued .. .. 3,220 3 9 22,757 2 1 Interest accrued on value Accrued rates and taxes .. .. 2,461 18 11 of fencing Marataha No. Sundry creditors— 2, Sees. 3 and 6 .. .. 116 2 Williams and Kettle(Ltd.) 547 18 8 Produce unrealized—rnutOn open account .. 655 11 10 ton and lamb.. .. .. 3,868 16 2 1,203 10 6 Live-stock on farms .. .. 31,196 14 3 Amounts due to Natives Posts, &c., on hand .. .. 239 0 0 on account rents, farm Advances to Natives on profits, &c. .. .. 589 11 9 account rents, farm proAmounts at credit of fits. &c. .. .. 4,909 8 8 blocks —Rentals, pur- Sundry debtors, on open chase-money, &e. .. 8,576 8 5 account .. .. 1,462 4 0 9,166 0 2 6,371 12 8 Surplus .. .. .. 357,426 910 Advances to blocks on account rents, &c. .. .. 677 I 7 Investments— Wairoa Farmers' Cooperative (Limited) —1,500 shares of £1 each (15s. called up).. 1,125 0 0 Gisborne Sheepfarmers' Frozen Meat and Mercantile Co., Ltd.—soo ordinary shares of £1 each (fully paid), £500 ; 958 shares of £1 each (15s. called up), £718 10s. .. .. 1.218 10 0 2,343 10 0 Office furniture and fixures .. 88 2 0 Travelling plant .. .. 255 0 0 £448,043 7 4 £448,043 7 4 Auditor's Certificate. I have audited the accounts of the East Coast Native Trust Lands for the year ended 31st March, 1926, 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, N.Z., 15th September, 1926. Arthur T. Clarke, Auditor,

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