G.—3

1929. NEW ZEALAND

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st APRIL, 1928, TO 30th JUNE, 1929.

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.—ACCOUNTS AS AT 30th JUNE, 1929. Balance-sheet as at 30th June, 1929. Liabilities. Assets. Public Trustee — £ a. d. £ s. d. £ s. d. £ s. d. Mortgages .. .. 74,885 0 0 Freehold lands .. .. .. 380,576 15 4 Interest accrued .. 1,356 19 8 Unpaid purchase-money on — — 76,241 19 8 sale of freeholds .. 18,636 15 0 Bank of Australasia—- Interest accrued on same 435 4 1 Current Account .. 11,370 12 0 19,071 19 1 Interest accrued on same 179 6 5 Rents due and accrued .. .. 3,249 14 7 11,549 18 5 Interest accrued on value Tairawhiti District Maori of fencing Maraetaha land .. .. 6,772 8 5 No. 2, Sees. 3 and 6 .. .. 5 6 6 Interest accrued on same 77 3 4 Mangatu No. 1 .. .. .. 2,643 16 6 — 6,849 11 9 Produce unrealized .. .. 9,399 8 4 Rates accrued .. .. .. 546 10 2 Live-stock on stations .. .. 41,351 11 7 Sundry creditors on open Advances to Natives on account .. .. 382 7 9 account rent, farm Amounts due to Natives profits, &c. .. .. 5,490 11 6 on account rent, pur- Sundry debtors on open chase-money, cfee. .. 385 15 2 account .. .. 5,087 19 8 768 2 11 10,584 11 2 Rent due and accrued .. .. 3,249 14 7 Advances to blocks on Amount at credit of blocks account rent, &c. .. .. 671 17 10 on account purchase- Investments — money, &c. .. .. .. 19,392 10 4 Gisborne Sheep-farmers' Bad Debt Reserve .. .. 3,221 19 8 Frozen Meat and MerBalance .. .. .. 348,853 3 5 cantile Co., Ltd. .. 1,458 0 0 Wairoa Farmers' Cooperative Co., Ltd. .. 1,125 0 0 Williams and Kettle, Ltd. 262 10 0 2,845 10 0 Office furniture and fittings .. 98 0 0 [ Travelling plant .. .. 175 0 0 £470,673 10 11 I £470,673 10 11 Auditor's Cekttftoatk T have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1929, 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, 12th September, 1929. D. R. Menzius, Chartered Accountant (Aust.), Auditor.