G.-3.

1937. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1936, TO 30th JUNE, 1937.

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

EAST COAST NATIVE TRUST LANDS. Balance-sheet as at 30th June, 1937. Liabilities. Assets. Public Trustee — £ s. d. £ s. d. £ s. d. £ s. d. Mortgages .. .. .. 68,200 0 0 Freehold lands .. .. .. 365,413 15 4 Interest .. .. .. 1,466 13 2 Mangatu No. 1 .. .. .. 276 10 4 69,666 13 2 Bank of New South Wales .. 8,531 810 Tairawhiti District Maori Land Less interest accrued .. .. 33 7 3 Board — 8,498 1 7 Mortgage .. .. 8.000 0 0 Live-stock on stations .. .. 67,565 0 0 Interest accrued .. .. 70 0 0 Advances to Natives on account of 8,070 0 0 rent, farm profits, &c. .. .. 7,784 5 5 State Advances Corporation of New Zealand: Sundry debtors on open account .. 2,850 19 10 Mortgage .. .. .. .. •• 3,121 1 4 Rent due and accrued .. .. 4,851 3 6 Rates accrued .. ... .. • ■ 894 3 5 7,702 3 4 Sundry creditors on open account .. .. 2,395 111 Investments— Amount due to Natives on account of purchase- Gisborne Sheep-farmers' Frozen money, rents, &c. .. .. .. 710 13 11 Meat and Mercantile Co., Ltd., Rent due and accrued .. .. •• 4,851 3 6 shares .. .. .. 1,458 0 0 Amount at credit of blocks on account of purchase- Hawke's Bay Farmers, Ltd. .. 17 10 0 money, &c. .. .. •• 7,569 7 0 Williams and Kettle, Ltd. .. 262 10 0 Bad Debts Reserve Account .. .. .. 24,516 15 11 G. H. Scales.. .. .. 15 0 Balance .. .. .. •• 352,253 0 11 1,739 5 0 Inscribed stock .. .. 6,520 19 9 Interest accrued .. .. 51 12 4 6,572 12 1 Office premises— Section .. .. .. 600 16 0 Building .. .. .. 3,043 9 7 3,644 5 7 Less five months depreciation on building .. .. 19 0 0 3,625 5 7 Office furniture and fittings .. .. 180 0 0 Travelling-plant .. .. .. 1,250 0 0 Produce unrealized .. .. .. 2,104 1 1 Pohaturoa Posts Suspense Account .. 1,337 1 4 £474,048 1 1 £474,048 1 1 Auditors' Certificate. We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1937, 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 Co., Wellington, 15th October, 1937. Public Accountants, Auditors.