Gr.—4.

1934. 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, 1933, TO 30th JUNE, 1934.

Presented to both Houses of the General Assembly in 'pursuance of the Native Purposes Act, 1931

MANGATU No. 1. Balance-sheet as at 30th June, 1934. Liabilities. Assets. Public Trustee — £ s. d. £ s. d. £ s. d. £ s. d. General mortgage No. X .. 24,286 6 3 Freehold property .. .. 301,589 13 9 General mortgage No. 2 .. 26,951 5 0 Roads Account .. .. 2,092 5 1 Pukutarewa mortgage .. 15,000 0 0 Survey Account . . .. 287 8 6 Wairere mortgage . . 50,000 0 0 2,379 13 7 Interest accrued .. 689 8 1 Fencing Account .. .. 116 7 0 50,689 8 1 Advances— Bank of Australasia— Sundry blocks .. 533 16 5 Current Account .. 5,986 10 II Distribution Account .. 8 0 0 Interest accrued .. 31 4 0 Royal Commission .. 1,899 5 11 6,017 14 11 Owners'appeal on account Native Trustee — of Blocks Nos. 1 and 4 859 5 9 Mortgage Account .. 20,000 0 0 Advances to owners .. 3,340 4 7 Interest accrued .. 197 5 3 6,640 12 8 20,197 5 3 Mangatu Nos. 3 and 4 .. .. 2,676 1 8 Foster Trustees— Sundry debtors .. .. 589 12 6 Mortgage Account .. 1,600 0 0 Rent outstanding .. 3,354 14 6 Interest accrued .. 16 0 0 3,944 7 0 1,616 0 0 Investments— East Coast Commissioner .. .. 12,607 7 11 Poverty Bay Farmers' Rates accrued .. .. ■ • 904 6 3 Meat Co., Ltd. (shares) 5 0 0 Sundry creditors.. .. .. 684 5 7 Williams and Kettle, Ltd. Mangatahu Station Current (shares) .. .. 35 0 0 Account 36,218 5 1 40 0 0 Wairere Station Current Mangatahu live-stock .. .. 7,803 2 0 Account .. .. .. 2,880 11 3 Wairere live-stock .. .. 13,212 15 0 Distribution accounts — Okaihau Station .. 15,293 17 5 No i . 1,268 911 Live-stock .. .. 3,258 5 0 No. 3 .. .. 229 8 2 18,552 2 5 1,497 18 1 Pukutarewa Station .. 15,642 0 11 Excess of advances over valuation of un- Live-stock .. .. 6,775 13 0 realized wool .. •• •• 1,002 510 22,417 13 11 Capital Account .. .. •• 206,785 13 0 Waitangirua Station .. 14,005 6 8 Income Account .. .. •• 6,452 810 Live-stock .. .. 5,018 5 0 19,023 11 8 Waikakariki Station .. 13,502 13 2 Live-stock .. .. 1.861 10 0 15,364 3 2 Office furniture and fittings .. .. 15 15 0 Produce unrealized .. .. .. 15 2 6 £413,791 1 4 £413,791 1 4 Auditors' Certificate. We have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1934, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Ross, Wellington, N.Z., 2nd October, 1934. Public Accountants, Auditors. Income Account as at 30th June, 1934. Expenditure. Income. £ s. d. £ s. d. £ s. d. To General expenses .. 72 18 1 By Balance .. .. .. .. 3,754 10 10 Land-tax .. . • 294 17 8 Rent .. .. .. 7,904 18 1 Legal expenses .. 92 16 4 Dividend .. .. .. .. 1160 Commission .. .. 114 5 10 Travelling-expenses .. 3 5 0 Interest .. 4,449 11 8 Management and office expenses .. .. 181 1 6 5,208 16 1 Balance .. .. •• 6,452 8 10 £11.661 4 11 £11,661 4 11