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EAST COAST MAORI TRUST LANDS —continued Statement of Account for Year Ended 30th June, 1950—continued MANGAPOIKE 2a 3 AND 2D : JOINT VENTURE MILL ACCOUNT Debits £ s. d. £ s. d. Mill Working Account .. .. .. .. 41,875 9 2 Mangapoike 2a 3 Timber Account .. .. .. .. 23,325 14 2 Mangapoike 2d Timber Account .. .. .. 9,425 3 2 Mill depreciation .. .. .. -- -• 5,911 6 2 80,537 12 '8 Timber sold .. .. .. .. .. .. .. 76,113 8 2 Accumulated loss to 30th June, 1950 .. .. .. .. .. 4,424 4 6 £ s. d. MiU buildings .. .. . . .. 494 14 3 Mill manager's house .. .. .. .. 600 0 0 1,094 14 3 Mill plant .. .. .. .. 2,338 6 3 Mill transport plant .. .. .. .. 6,200 0 0 8,538 6 3 Sawn timber on hand at 30th June, 1950 .. .. .. 5,006 16 6 Logs on hand at 30th June, 1950 .. .. .. .. 915 0 0 15,554 17 0 Balance at debit at 30th June, 1950 .. .. .. .. .. £19,979 1 6 TAHORA 2c 1, SECTION 3 Credits £ s: d. Balance at credit at 30th June, 1949 .. .. .. .. .. .. 37,044 12 1 £ s. d. Rent received .. .. .. .. .. .. 144 3 1 Interest .. .. .. .. .. .. .. 1,465 12 9 Accumulated profit ex Mapou Station .. .. .. .. 3,219190 Proportion profits for year ended 30th June, 1950, ex Marewa Station 8,045 0 9 Profit for year ended 30th June, 1950, ex Waimaha Station .. 495 16 5 Accumulated profits to 30th June, 1949, ex Waimaha Station .. 34,917 7 1 48,287 19 1 Debits 85,332 11 2 Distribution for year... .. .. .. .. .. 1,222 1 10 Old distribution transferred ex Waimaha Station .. .. 73 0 0 Donations .. .. .. .. .. .. .. 519 13 7 Legal expenses re Block Committee .. .. .. .. 0 6 4 Land-tax .. .. .. .. .. .. •• 062 Committee fees and expenses .. .. .. .. .. 15 9 6 Expenses re meetings .. .. .. .. .. 40 18 2 Loss in writing down to book values, stock purchased for part of block, previously part of Mapou Station .. .. .. 650 • 0 0 Bad debts written off in accordance with order of Maori Land Court 8 10 0 Adjustment interest .. .. .. .. . . 180 15 10 Profits for year ended 30th June, 1949, reversed .. .. 4,519 15 10 Accumulated lossito 30th June, 1949 .. .. .. 6,388 10 0 Proportion loss for year ended 30th June, 1950, ex Tapere Station .. 110 Management and office expenses .. .. .. .. 4196 Accumulated improvements to 30th June, 1950, ex—- : Marewa Station .. .. .. .. .. .. 16,598 10 10 Waimaha Station .. .. .. .. .. 31,617 18 6 61,841 17 1 Balance at credit at 30th June, 1950 .. .. .. .. .. ..£23,490 14 1

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