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EAST COAST MAORI TRUST LANDS Balance-sheet as at 30th June, 1950 Liabilities Assets £ s. d. £ s. d. State Advances Corporation: Half-share, mortgage office Freehold lands .. .. .. .. .. 588,359 15 2 premises.. .. .. .. .. 645 12 9 Live-stock on stations as per schedule .. .. .. 131,218 9 0 Bank of New South Wales— £ s. d. Plant and furniture on stations .. .. .. 19,185 2 0 Current Account .. .. .. 57,568 11 7 £ s. d." Interest accrued .. .. .. 704 7 9 Sundry debtors .. .. .. 10,320 1 9 58,272 19 4 Rent due .. .. .. .. 2,581 19 2 Rates accrued .. .. .. .. .. 1,686 18 6 12,902 0 11 Sundry creditors .. .. .. .. .. 6,091104 Amounts due by sundry beneficiaries .. .. .. 12,879 8 5 Rent due .. .. .. .. .. .. 2,581 19 2 Ngapakira live-stock .. .. .. .. 4,278 0 0 Amount at credit of various Block Dis- Investments— tribution Accounts— j Common Shelton and Co., Ltd .. 2 8 6 Dividends unpaid .. .. .. 21,669 9 7 j East Coast Farmers' Fertilizer Co., Ltd. 87 10 0 Less advances .. .. .. 4,249 18 5 j Gisborne Sheepfarmers' Frozen Meat 17,419 11 2 and Mercantile Co., Ltd. .. .. 364 10 0 General Reserve .. .. .. .. .. 36,729 15 10 Hawke's Bay Farmers Co-operative Special Reserve— Association, Ltd. .. .. 29 10 0 Amount paid by National Bank re I Geo. H. Scales, Ltd. .. .. 15 0 Lysnar .. .. .. 3,000 0 0 I Williams and Kettle, Ltd. .. .. 262 10 0 Accumulated profits from Mangaotane New Zealand National Station .. .. .. 17,668 3 3 I Development Loan—■ £ s. d. 20,668 3 3 £5,000 3 per cent, stock Balance .. .. .. .. .. .. 666,632 4 2 at cost .. 4,975 0 0 Interest accrued 9 9 0 4,984 9 0 5,732 2 6 Office premises— Half-share, section 300 0 0 Half-share, building 1,712 12 7 2,012 12 7 Less depreciation .. .. 330 0 0 i 1,682 12 7

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