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1939. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1938, TO 30th JUNE, 1939.

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, 1939. Liabilities. Assets. £ s. d. Public Trustee — £ s. d. £ s. d. Freehold lands .. .. .. .. 365,413 15 4 Mortgages .. .. .. 78,200 0 0 Mangatu No. 1 .. .. .. .. 465 19 4 Interest .. .. .. 1,674 5 0 Live-stock on stations .. .. .. 74,226 15 6 70,874 5 0 Advances to Natives on account of rent, farm Bank of New South Wales — profits &c. .. .. .. .. 8,304 6 11 Mortgage ... .. .. 23,240 19 9 Sundry debtors —- £ s. d. Interest accrued .. .. 248 18 0 On open account .. .. 2,034 4 7 23,489 17 9 Kent due and accrued .. 5,193 10 1 Tairawhiti District Maori Land 7,227 14 8 Board —- Investments — Mortgage .. .. .. 8,000 0 0 Gisborne Sheep-farmers' Frozen Interest accrued .. .. 70 0 0 Moat and Mercantile Co., Ltd., 8,070 0 0 shares .. .. .. 1,458 0 0 Stato Advances Corporation of New Zealand Hawke's Bay Farmers, Ltd., Mortgage .. .. .. .. 2,898 14 6 shares .. .. .. 17 10 0 Rates accrued .. .. .. .. 1,121 9 7 Williams and Kettle, Ltd., shares 262 10 0 Sundry creditors on open account .. .. 2,222 19 4 Common, Shelton, and Co., Ltd., Amount due to Natives on account of purchase- shares .. .. .. 2 8 6 money, rents, &c. .. .. .. .. 415 12 3 G. H. Scales, shares .. .. 15 0 Rent due and accrued .. .. .. 5,193 10 1 — 1,741 13 6 Amount at credit of blocks on account of purchase- Inscribed stock .. .. 6,520 19 9 money, &c. .. .. .. .. 7,272 8 3 Interest accrued .. .. 51 12 4 Lindsay Store .. .. .. .. 110 12 1 6,572 12 1 Balance .. .. .. .. .. 364,565 14 8 Offico premises— Section .. .. . - 600 16 0 Building .. .. .. 3,262 2 7 3,862 18 7 Less depreciation .. .. 116 17 4 3,746 1 3 Office furniture and fixtures .. .. .. 200 0 0 Travelling-plant .. .. .. >„ 835 0 0 Wool unrealized .. .. .. .. 9,507 10 3 Meat unrealized .. .. .. .. 5,789 15 5 Produce unrealized .. .. .. .. 4,23748 Maori Housing : Preliminary expenses .. 149 11 6 Mill Suspense Account .. ■■ .. 6,461129 Oat Suspense Account .. .. .. 355 10 4 £495,235 3 6 £495,235 3 6 Auditors' Certificate. We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1939, and our report on the audit of the accounts is contained in letter of even date to the Right Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Co., Wellington, 15th September, 1939. Public Accountants, Auditors.

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