G.—3.

1942 NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1941, TO 30th JUNE, 1942.

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, 1942.

Liabilities. Public Trustee— £ s. d. £ s. d. Mortgages .. .. 68,200 0 0 Interest .. .. .. 1,449 5 0 69,649 5 0 Bank of New South Wales— Current Account .. .. 2,338 15 9 Interest accrued .. .. 7 2 9 2,345 18 6 Tairawhiti District Maori Land Board— Mortgage.. .. .. 6,000 0 0 Interest accrued .. .. 60 00 6,060 0 0 State Advances mortgage .. .. .. 2,529 5 4 Rates accrued .. .. .. •. 669 19 1 Sundry creditors .. .. •• 2,539 8 9 Amount due to Natives on account of purchasemoney, &c. .. .. ■ ■ • • 167 4 0 Amount at credit of blocks on account of purchasemoney, &c. .. . • • ■ • • 6,344 11 3 Rent due .. .. .. •• •• 4,816 7 2 Lindsay's store .. .. .. ■■ 125 311 Bad debt reserve .. .. .. •• 9,185 4 9 Balance .. .. .. •• •• 413,087 16 9 £517,520 4 6

Assets. £ s. d. Freehold lands .. .. .. .. 367,511 4 1 Live-stock on stations .. .. .. 71,835 3 0 Mangatu No. 1 .. .. .. .. 28,895 15 7 Sundry debtors— £ e. d. On open account .. .. 3,215 17 6 Rent due.. .. .. 4,816 7 2 8,032 4 8 Advances to Natives on account of rents, &c. .. 9,019 13 6 Ngapakira live-stock.. .. .. .. 1,593 15 0 Investments — Gisborne Sheep-farmers Frozen Meat and Mercantile £ s. d. Co., Ltd., shares .. 1,458 0 0 Hawke's Bay Farmers', Ltd., shares .. .. .. 17 10 0 Williams and Kettle, Ltd., shares .. .. .. 262 10 0 Common, Shelton, and Co., shares .. .. .. 2 8 6 G. H. Scales, shares .. 15 2 War loan, shares .. .. 5,000 0 0 £ s. d. Inscribed stock .. 6,520 19 9 Interest accrued .. 51 12 4 6,572 12 1 13,314 5 7 Commission of Inquiry : Preliminary expenses .. 53 0 11 Office premises— £ s. d. Section .. .. .. 600 10 0 Building.. .. .. 3,262 2 7 3,862 18 7 Depreciation .. .. 263 13 4 3,599 5 3 Office furniture and fixtures .. .. .. 230 0 0 Travelling plant .. .. .. .. 81000 Mill Suspense .. .. .. .. 8,756 8 0 Lindsay plant .. .. .. .. 168 11 3 Building-materials .. .. 310 6 11 Wool unrealized .. .. 728 0 0 Produce unrealized .. .. 2,514 9 7 Station requisites on hand .. 148 1 2 3,700 17 8 £517,520 4 6

Auditors' Certificate. We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1942, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister for Native Affairs^ Clarke, Menzies, Griffin, and Co., Wellington, 27th October, 1942. Public Accountants, Auditors.