G.—4.

1932. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1931, TO 30th JUNE, 1932.

Presented to both Houses of the General Assembly in pursuance of Section 40 of the Native Purposes Act, 1931.

MANGATU No. 1. Balance-sheet as at 30th June, 1932. Liabilities. . Assets. Public Trustee— £ s. d. £ s. d. £ s. d. £ s. d. General mortgage No. 1 24,286 6 3 Freehold property .. .. 301,589 13 9 Interest accrued .. 119 15 4 Roads Account .. .. 2,092 5 1 24,406 1 7 Survey Account .. 287 8 6 General mortgage No. 2 26,951 5 0 2,379 13 7 Interest accrued .. 320 17 8 Fencing Account .. .. 116 7 0 27,272 2 8 Advances— Pukutarewa mortgage ..15,000 0 0 Sundry blocks.. .. 533 16 5 Interest accrued .. 726 8 1 Distribution Account 15,726 8 1 No. 1 .. .. 8 0 0 Wairere mortgage .. 50,000 0 0 Royal Commission .. 1,899 511 Interest accrued .. 3,240 17 9 Owners' appeal on ac53,240 17 9 count of Blocks 1 and 4 859 5 9 Bank of Australasia— Advances to owners .. 3,340 4 7 Current Account ..19,733 15 4 6,640 12 8 Interest accrued .. 280 14 7 Mangatu Nos. 3 and 4 .. .. 3,850 12 10 20,014 9 11 Sundry debtors .. .. 561 1 4 Native Trustee— Rent outstanding .. 7,205 18 9 Mortgage Account .. 20,000 0 0 "> 767 0 1 Interest accrued .. 197 5 3 Investments— 20,197 5 3 Poverty Bay Farmers Foster Trustees— Meat Co., Ltd. (shares) 5 0 0 Mortgage Account .. 1,600 0 0 Williams and Kettle, Ltd. Interest Account .. 19 4 0 (shares) .. .. 3o 0 0 1,619 4 0 40 0 0 East Coast Commissioner .. .. 17,348 8 0 Mangatahu live-stock .. .. 7,148 12 0 Rnt« accrued . •• 1,246 19 7 Okaihau Station.. .. 14,503 16 9 Sundry credlrs .\ .. .. 267 12 3 Live-stock .. .. 2,660 10 0 Mangatahu Station Current Account .. 28,550 12 11 o o 17 > 164 6 9 Distribution Accounts 1,526 8 9 Pukutarewa Station ..17,692 3 8 Capital Account 206,785 13 0 Live-stock .. .. 6,054 9 0 Income Account 4,867 5 6 23,746 12 8 Waitangirua Station .. 12,815 9 11 Live-stock .. .. 4,044 5 0 16,859 14 11 Wairere Station .. .. 3,7T9 19 9 Live-stock .. .. 13,553 2 0 17,333 1 9 Waikakariki Station .. 13,211 13 9 Live-stock .. .. 1,830 8 0 15,042 1 9 Office furniture and fittings .. 15 15 0 Produce unrealized .. .. 3,375 4 6 £423,069 9 3 £423,069 9 j$ Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1932, 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, 6th December, 1932. D. R. Menzies, Chartered Accountant (Australia), Auditor. Income Account as at 30th June, 1932. Expenditure. Income. £ s. d. To Expenses re Committee £ s. d. £ s. d. By Balance .. .. .. ■■ j,Uf P 1 meetings, &c. .. 60 19 0 Rent .. 9,424 15 5 Land-tax .. . . 294 17 8 Refund, legal expenses .. .. 110 Interest .. -. 5,948 8 3 Commission.. . . 75 15 7 Management and office expenses .. •. 217 15 6 F 6,597 16 0 Balance.. .. ■• •• 4,867 5 6 £11,465 1 6 £11,465 1 6