Gk—3A.

1927. NEW ZEALAND

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDING 31st MARCH, 1927.

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 Mabch, 1927. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Mortgages secured on Freehold lands .. .. 378,800 15 4 freehold property .. 69,200 0 0 Unpaid purchase - money Interest accrued on same 961 8 5 on sale of freeholds .. 18,636 15 0 70,161 8 5 Interest accrued on same 738 18 1 Bank of Australasia.. 20,472 17 7 19,375 13 1 Interest accrued on same 425 3 4 20,898 0 II Rent due and accrued .. .. 2,528 19 11 Interest accrued on value Rates accrued .. .. 1,348 9 10 of fencing Maraetaha Sundry creditors on open No. 2, Sees. 3 and 6 .. 11 6 2 account .. .. 8,023 14 3 Produce unrealized- —wool, Amount due to Natives mutton, and lamb .. .. 5,677 5 0 on account rent, pur- Live-stock on stations .. .. 43,450 7 0 chase-money, &c. .. 652 4 3 8,675 18 6 Posts, &c., on hand .. .. 239 1 3 Advances to Natives on Amount at credit of blocks account rent, farm on account rent, pur- profits, &c. .. .. 4,805 9 7 chase-money, &c. .. .. 16,122 12 10 Sundry debtors on open Surplus .. .. .. 345,020 8 1 account .. .. 2,527 0 0 7,332 9 7 Mangatu No. 1 Current Account .. .. .. 742 7 8 Advances to blocks on account rent, &c. .. .. 677 1 7 Investments — ! Wairoa Farmers' Cooperative Co., Ltd.— 1,500 shares of £1 each (15s. called up) .. 1,125 0 0 Gisborne Sheep-farmers' Frozen Meat and Mercantile Co., Ltd.— 500 shares of £1 each (fully paid) .. 500 0 0 958 shares of £1 each (fully paid) .. 958 0 0 Williams and Kettle, Ltd.— 75 shares (application) 262 10 0 2,845 10 0 Office furniture and fixtures .. .. .. 88 2 0 Travelling plant .. .. 452 0 0 £462,226 18 7 £462,226 18 7 Auditor's Certificate. I have audited the accounts of the East Coast Native Trust lands for the year ended 31st March, 1927, 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., 16th August, 1927. Arthur T. Clarke, Auditor.

I—Gr.1 —Gr. 3a.