G—4a

1927. 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, 1927.

Presented to Parliament in pursuance of the Provisions of Section 14 of the Mangatu No. 1 Empowering Act, 1893, Sections 6 and 7 of the Native Land Amendment and Native Land Claims Adjustment Act, 1917, and Section 13 of the East Coast Native Trust Lands Act, 1902.

MANGATU No. 1. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Public Trustee — £ s. d. £ s. d. £ s. d. £ s. d. General mortgage .. 30,614 16 6 Freehold property .. .. 195,237 0 0 Less amount on hand on Roads Account .. 2,092 5 1 account of rents .. 2,817 10 5 Survey expenses .. 287 8 6 27,797 6 1 — 2,379 13 7 Pukutarewa mortgage 15,000 0 0 Fencing Account .. .. 116 7 0 Interest accrued .. 32 1 1 Advances— 15,032 1 1 Sundry blocks .. 389 12 2 Wairere mortgage .. 50,000 0 0 Distribution No. 1 .. 304 0 0 Interest accrued .. 1,487 13 5 Royal Commission .. 1,386 3 2 51,487 13 5 Owners' appeal on acNative Trustee —• count of Blocks 1 and Mortgage Account .. 20,000 0 0 4.. .. .. 627 1 4 Interest accrued .. 580 10 11 Advances to sundry 20,580 10 11 owners .. .. 10,927 3 2 Bank of Australasia — 13,633 19 10 Current Account .. 2,690 10 2 Sundry debtors.. .. ~ 6,712 10 8 Interest accrued .. 213 19 7 Rent outstanding .. .. 1,517 1 11 —-— 2,904 9 9 Investments — Money advanced by way of Poverty Bay Farmers' loan to Mangatu Nos. 3 Meat Co., Ltd.—Shares 5 0 0 and 4 .. .. •• 5,551 6 5 Williams and Kettle, Sundry creditors .. .. 1,658 16 10 Ltd.—Shares .. 35 0 0 Mangatahu Station — —— 40 0 0 Current Account .. 10,163 8 6 Mangatahu Station AcDistribution Account No. 2 .. 277 11 8 count— Capital Account .. .. 160,470 13 0 Live-stock .. .. .. 7,028 10 0 Income Account .. .. 2,392 0 8 Pukutarewa Station Account .. .. 12,611 3 1 | Live-stock .. .. 5,260 6 0 17,871 9 1 Waitangirua Station Account .. .. 6,637 10 10 Live-stock .. .. 4.639 4 0 — 11,276 14 10 Wairere Station Account.. 22,905 15 5 Live-stock .. ... 14,429 1 0 37,334 16 5 Office furniture .. .. 15 15 0 Produce unrealized .. . - 5,152 0 0 £298,315 18 4 £298,315 18 4 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, 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.