EAST COAST MAORI TRUST LANDS BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1948, TO 30th JUNE, 1949

Appendix to the Journals of the House of Representatives, 1950 Session I, G-03-part01

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1950 NEW ZEALAND

EAST COAST MAORI TRUST LANDS BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1948, TO 30th JUNE, 1949

Presented to Both Houses of the General Assembly in Pursuance of Section 40 of the Maori Purposes Act, 1931

By Authority: R. E. Owen, Government Printer, Wellington.—1950.

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EAST COAST MAORI TRUST LANDS Balance-sheet as at 30th June, 1949 * Liabilities Assets £ s. d. £ s. d. State Advances Corporation: Half-share, Freehold lands .. .. .. .. .. 393,914 6 9 mortgage office premises .. .. .. 734 10 2 Live-stock on stations as per Schedule .. .. .. 126,072 18 0 Bank of New South Wales— £ s. d. Plant and furniture on stations .. .. 24,187 3 11 Current Account .. .. .. 48,549 14 9 £ s. d. Interest accrued .. .. .. 748 0 0 Sundry debtors .. .. .. 6,800 6 8 5 49,297 14 9 Rent due .. .. .. .. 2,226 19 4 Rates accrued .. .. .. .. 2,449 3 3 9,027 6 0 Sundry creditors .. .. .. .. 8,209 9 11 Amounts due by sundry beneficiaries .. .. .. 12,435 4 2 Rent due .. .. .. .. .. 2,226 19 4 Ngapakira live-stock .. .. .. .. 1,350 0 0 Amount at credit of various Block Dis- Investments— tribution Accounts— Common Shelton and Co., Ltd. . . 2 8 6 Dividends unpaid .. .. .. 18,374 5 11 Gisborne Sheep-farmer's Frozen Meat Less advances .. .. .. 3,370 9 8 and Mercantile Co., Ltd. .. .. 364 10 0 15,003 16 3 Hawke's Bay Farmers' Co-operative Special reserve .. .. .. .. 19,891 3 0 Association, Ltd. .. .. 17 10 0 MangatuNo. 1 .. .. .. .. 64,640 19 2 Geo. H. Scales, Ltd. .. .. 15 0 General reserve .. .. .. .. 32,608 5 3 Williams and Kettle, Ltd. .. .. 262 10 0 Balance .. .. .. .. .. 409,521 13 3 648 3 6 Office premises— £ s. d. Half-share, section .. 300 0 0 Half-share, building .. 1,712 12 7 2,012 12 7 Less depreciation .. . . 304 6 4 1,708 6 3 Building plant .. .. . . .. .. 64 16 2 Store premises .. .. .. .. .. 270 0 0

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Mangapoike 2a 3 and 2d Joint Venture Mill Account .. 15 ,569 10 11 Office furniture and fixtures .. .. .. .. 419100 Unadjusted expenditure: Oliver Tractor Account .. 1,771 9 9 Produce unrealized .. .. .. .. .. 10,467 14 3 Travelling plant .. .. .. .. .. 3,065 0 0 Truck transport .. .. .. . . .. 2,150 0 0 Wool unrealized .. .. .. .. .. 1,432 0 0 Holiday Pay Account . . . . . . .. 30 4 8 £6 ° 4 ' 583 U 4 £604,583 14 4 Auditors' Certificate We have audited the accounts of the East Coast Maori Trust Lands for the year ended 30th June, 1949, and our report on the audit of the accounts is contained in letter of even date to the Right Hon. the Minister of Maori Affairs. Wellington, New Zealand, 2nd November, 1949. Clarke, Menzies, and Co., Public Accountants, Auditors.

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EAST COAST MAORI TRUST LANDS— continued Statement Showing the Position op the Various Blocks as at 30th June, 1949 £ s d £ s d £ s. d. Mangaheia 2d— ' ' Live-stock on stations as per schedule .. •• i 8 0 Paroa Station .. .. 35,304 8 6 Plant and furniture on stations .. .. •• a ii Paroa live-stock .. .. 7 ,399 4 0 Mangapoike B .. .. .. •• •• ,^OO9 Paroa plant and furniture .. 5,282 1 11 Mangapoike 2d .. .. 11,803 6 - ■ Mangapoike 2e .. . . . • • • • • ® 47,985 14 5 Maraetaba No. 2, Section 4 .. .. •• 5,347 16 1 Less General Account .. 10,18/10 0 Maraetaha No. 2, Sections 3 and 6 £ s. d. ~ .. _ ' Patemaru Station .. .. 60,257 10 11 ie 9c 109 iq q Less Patemaru live- £s. d. Pohaturoa Station .. .. 26,132 19 3 gtock 4,216 16 0 future :: " S 390 16 0 30,864 19 " 4 ' 607 12 ° Less General Account .. 5,499 7 10 65,849 lg n . ' Less General Account .. 26,351 6 11 Mangapoike A— 29,298 12 0 Paparatu Station .. .. 42,219 18 9 IS 0 7 Tukemokihi Station .. .. 7,950 5 3 Paremata 48 .. •• 18 Pakowhai Farm . . .. .. 10,314 2 1 .50 170 4 0 Less Pakowhai live-stock 1,431 10 0 Less General Account .. 45',244 19 1 Pakowhai plant and fur- = 4,925 4 11 niture .. 672 12 5 Paparatu live-stock .. .. 17,198 5 0 2,104 2 o io q Paparatu plant and furniture .. 1,182 1711 ' 18,381 2 11 Tahora 2f 2 Tukemokihi live-stock .. 17,504 10 0 Papuni Station .. .. .. 45,987 7 9 Tukemokihi plant and furniture .. 2,462 14 3 Less Papuni live-stock 8,367 10 0 19,967 4 3 Papuni plant and furMangapoike 2b- niture •• 1,428 12 9 Mahurangi Station .. .. 1,946 0 4 9,796 2 9 Less General Account .. 1,941 8 3 7~ 4 12 1 36,191 5 0 Mahurangi live-stock .. .. 12,045 17 0 Less General Account .. 17,486 13 9 Mahurangi plant and furniture .. 1,009 16 10 o'nno 19 in & 13,055 13 10 Tahora 2o 3, Section 2 .. .. .. • • 2,908 12 10

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iVTcti'ciotfj'lici) Id— j pg.rp.rn 64~~* Kopua Station .. .. 6,082 17 2 No. 1 Account .. 7,173 13 2 Kopua live-stock .. .. 5,920 10 0 | No. 2 Account .. 746 0 5 Kopua plant and furniture . . 593 15 3 . 7 919 13 7 12,597 2 5 Titirangi Station. . .. .. 382 11 4 Jraremata 3 Iwinui Station .... 12,485 17 9 " 8 302 411 Iwinui live-stock .. .. 4,530 3 0 Less Titirangi liveIwinui plant and furniture .. 785 6 8 stock .. 5,392 12 0 17,801 7 5 Titirangi plant and Paremata 73 and 73a . . . , 620 5 4 furniture .. 959 9 2 Tolaga Bay potato crop .. 78 11 3 6 352 1 2 Tolaga Bay Marae .. ... 904 5 9 _J 15950l s 950 3 9 982 17 0 Whaitiri No. 2 .. .. .. .. .. 88 6 2 Tahora 2c 1, Section 3 £ s. d. Waimaha live-stock .. 7,083 10 0 Waimaha plant and furniture .. .. 2,320 13 4 9,404 3 4 Mapou Station .. 11,596 18 0 Mapou live-stock .. 3,320 12 0 Mapou plant and furniture .. .. 486 13 11 15,404 3 11 Marewa Station .. .. 32,583 11 7 57,391 18 10 Less Waimaha Station .. 11,558 4 6 45,833 14 4 Less General Account .. 37,044 12 1 8,789 2 3 Marewa live-stock . . . . 10,674 10 0 Marewa plant and furniture . . 1,502 1 6 12,176 11 6 Carried forward .. .. £172,464 2 3 Carried forward .. .. ~ .. £237,068 18 6

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EAST COAST MAORI TRUST LANDS— continued Statement Showing the Position of the Various Blocks as at 30th June, 1949— continued £ s. d. £ s. d. Brought forward .. .. .. 172,464 2 3 Brought forward .. .. .. 237,068 18 6 Tahora 2o 2, Section 2 £ s. d. Freehold Accounts— £ s. d. Tapere Station .. .. 15,883 12 7 Mangaheia 2d .. .. .. 45,485 7 10 Less General Account .. 15,230 9 7 Mangapoike A .. .. .. 39,798 0 0 653 3 0 Mangapoike 2a 3 . . .. .. 29,046 0 0 Tapere live-stock .. .. 3,803 0 0 Mangapoike B .. .. .. 1,018 0 0 Tapere plant and furniture .. 1,015 14 4 Mangapoike 2b .. .. .. 11,294 0 0 —— 4,818 14 4 Mangapoike 2d .. .. .. 10,779 0 0 Tahora 2g 2 .. .. .. .. .. 823 17 4 Mangapoike 2e .. .. .. 4,470 0 0 Tawapata South No. 1— Maraetaha Id .. .. .. 24,790 0 0 Onenui Station .. .. 19,460 17 10 Maraetaha 2, Sections 3 and 6 .. 29,463 0 0 Onenui live-stock .. .. 8,215190 Mangaheia 2b .. .. .. 970 0 0 Onenui plant and furniture .. 2,588 18 8 Mangatu 5 and 6 .. .. .. 13,800 0 0 30,265 15 6 Mangaheia 2b and other blocks .. 627 8 9 Te Kuri .. .. .. .. .. 876 17 7 Maraetaha 2a, Sections 2 and 3 .. 26,969 2 8 Muriwai Boat .. . . .. .. .. 80 17 2 Paremata 3 .. .. . . 20,867 0 0 Mangatu 5 and 6 Paremata 4 .. .. 4,348 0 0 Mangaotane Station .. .. 5,735 18 4 Paremata 48 .. .. .. 390 0 0 Mangaotane live-stock .. 4,862 16 0 Paremata 64 .. .. .. 9,550 0 0 Mangaotane plant and furniture .. 879 10 6 Paremata 73 and 73a .. .. 776 0 0 ——— 11,478 4 10 Pakowhai .. .. .. 9,631 0 0 Balance .. .. .. .. .. 409,521 13 3 Paremata If, Block II .. .. 1,470 0 0 Paremata, Lots 26 and 27 .. 155 0 0 Tahora 2c 1, Section 3 .. .. 41,157 0 0 Tahora 2c 2, Section 2 . . .. 3,800 0 0 Tahora 2c 3, Section 2 .. .. 4,050 0 0 Tahora 2f 2 .. .. .. 30,764 0 0 Tahora 2g 2 .. .. .. 1,346 0 0 Tawapata South No. 1 .. .. 15,869 7 6 Te Kuri and Tangotete .. .. 8,816 0 0 WhaitiriNo. 2 .. .. .. 1,565 0 0 Wherowhero and Te Kuri 1a . . 800 0 0 Whataupoko .. . . .. 50 0 0 393,914 6 9 £630,983 5 3 £630,983 5 3

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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949 PAKOWHAI FARM Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 9,464 4 8 Plant and furniture at 30th June, 1949 .. .. .. .. .. 672 12 5 1948 wool— £ s. d. £ s. d. £ s. d. Sold .. .. .. .. 22 4 7 Valued at .. .. .. 8 0 0 l4 4 7 1949 wool — Sold .. . . >. .. 317 8 6 Unrealized .. .. .. 8 0 0 325 8 6 339 13 1 Sheep sold (1,497) .. .. .. .. .. .. 2,380 9 5 Cattle sold (195) .. .. .. .. .. .. 2,828 4 9 Meat sold .. .. .. .. .. .. .. 15 3 4 Skins and hides sold .. .. .. .. .. 396 Rebate on purchases ex Trust store .. .. .. .. 5 4 9 Hay sold .. .. .. .. .. .. .. 25 17 6 Live-stock at 30th June, 1949 747 sheep .. .. .. .. 1,146 10 0 47 cattle .. .. .. .. 235 0 0 4 horses .. .. .. .. .. 50 0 0 1,431 10 0 7,029 12 4 17,166 9 5 Debits Live-stock at 30th June, 1948 728 sheep .. .. .. .. .. 543 12 0 67 cattle .. .. .. .. .. 297 0 0 3 horses .. .. .. .. .. .. 30 0 0 B7O 12 0 Sheep bought (1,120) .. .. .. .. .. 1,672 0 0 Cattle bought (163) .. .. .. .. .. .. 1,808 10 0 Horse bought (1) .. .. .. .. .. 12 10 0 Wages .. .. .. .. .. .. .. 737 15 0 Repairs, maintenance, and running-expenses .. .. .. 289 13 10 Rates . . .. .. . . .. .. .. 238 12 8 Management and office expenses .. .. .. .. 75 0 0 5,704 13 6 Distribution .. .. .. .. .. 374 0 0 Donations .. .. .. .. .. 26 11 0 Proportion cost repairs Muriwai Marae .. .. 30 13 9 Committee fees and expenses re meetings .. .. 43 16 8 4/5 1 5 Plant and furniture at 30th June, 1948 .. .. .. 672 12 5 6,852 7 4 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £10,314 2 1 Lambing tally .. .. .. .. 455 Calving tally Area of Station .. .. .. .. 392 acres.

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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949—continued TE KURI Debits £ s. <l. Balance at debit at 30th June, 1948 .. .. .. .. .. • • 876 17 7 No further transactions. MARAETAHA No 2, SECTION 4 Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. •• .. •• 5,347 16 1 No further transactions. MARAETAHA No. 2, SECTIONS 3 AND 6 Debits £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. •• 23,442 011 £ s. d. Donations .. .. .. .. .. - - • • 76 11 0 Distributions .. .. .. .. •. • • 2,349 0 0 Committee fees and expenses .. .. .. .. .. 28 3 8 Court fees appointment: Committee .. .. .. .. 0118 Stores for meetings . . .. .. .. .. • • 11 14 10 Interest .. .. .. . . ■ ■ ■ • • • 935 17 2 Proportion cost repairs Muriwai Marae .. .. .. 92 1 2 Management and office expenses .. . - • • • ■ 30 19 0 Search fee re Maraetaha 2, Section 4.. .. .. •• 368 3,528 5 2 26,970 6 1 Credits Rent-received .. .. .. .. •• •• •• •• 618 19 2 Balance at debit at 30th June, 1949 .. .. . • •• •• -• £26,351 611

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EAST COAST MAORI TRUST LANDS —continued Statement op Accounts for Year Ended 30th June, 1949—continued KOPUA STATION (MARAETAHA Id) Debits £ s> (j Balance at debit at 30th June, 1948 .. .. .. .. .. .. 7 355 811 Plant and furniture at 30th June, 1948 .. .. .. .. . 504 15 3 Proportion repairs Muriwai Marae .. .. .. .. .. 6176 Donations .. .. .. .. .. ~ .. 51 II 0 * Expenses meetings and committees fees .. .. .. 42 19 1 94 10 1 Live-stock at 30th June, 1948 £ s . d. 4,277 sheep .. .. .. 2,956 7 0 592 cattle .. .. .. .. 2,103 10 0 17 horses.. .. .. .. .. 94 0 0 5,153 17 0 Sheep bought (457) . . .. .. .. .. .. 857 4 0 Cattle bought (167) .. .. .. .. .. . _ j 377 17 g Horses bought (3) .. .. .. .. .. ' 45 0 0 Wages y •• •• •• -■ .. 1,695 2 8 Repairs, maintenance, and running-expenses .. .. .. 1,086 11 6 Rent .. .. .. .. .. . _ _ _ 275 2 0 Rates .. .. .. .. .. .. _ 281 13 10 Interest .. .. .. .. .. . 499 24 7 Management and office expenses .. .. .. .. 292 5 9 11,564 8 4 19,580 10 1 Credits 1948 wool— £ s . d. Sold .. .. .. .. 139 17 8 Valued at .. .. .. 40 0 0 99 17 8 1949 wool — Sold .. .. .. .. 2,777 3 8 Unrealized .. .. .. 40 0 0 2,817 3 8 Sheep sold (1,850) .. .. .. .. .. .. 2'758 7 1 Cattle sold (119) .. .. .. .. .. . 2 255 911 Skins and hides sold .. .. .. .. .. , _ ' 23 15 5 Rent of cottage .. .. .. .. _ 500 Rebate on purchases ex Trust store .. .. .. .. 19179 Rebate on cartage by Trust truck .. .. .. .. 3162 Live-stock at 30th June, 1949 — 4,271 sheep .. .. .. .. 2,977 0 0 795 cattle .. .. .. .. 2,861 10 0 14 horses.. .. .. .. .. 82 0 0 ; 5,920 10 0 12,903 17 8 Plant and furniture at 30th June, 1949 .. .. .. 593 ig 3 13,497 12 11 Balance at debit at 30th June, 1949 .. .. .. .. .. .. £6 082 17 2 Lambing tally .. .. .. •. 1,827 Calving tally .. .. .. .. j 53 Area of Station .. .. .. .. 3,437 acres .

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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949—continued PATEMARU STATION (PART MARAETAHA 2, SECTIONS 3 AND 6) Credits £ s. d. Balance at credit at 30th June, 1948 .. .. -- •• •• 55,048 16 2 Plant and furniture at 30th June, 1949 .. • • • - 390 16 0 1948 wool— £ s. d. £ s. d. £ s. d. Sold 185 18 2 Valued at .. . • • • 48 0 0 137 18 2 1949 wool — Sold 2,909 4 9 Unrealized .. .. • • 48 0 0 2,957 4 9 3,095 2 11 Sheep sold (1,551) .. .. •• •• •• •• 2,636 14 2 Cattle sold (103) , 6 r ! Skins and hides sold.. .. .. - - • • • • 3w 15 9 Rebate on purchases ex Trust store .. •• • - •• 8198 Interest .. •• •• •• •• •• 935 17 2 Live-stock at 30th June, 1949 3,568 sheep .. .. •• 2,443 6 0 513 cattle 1,708 10 0 13 horses.. .. .. •• •• 65 0 0 4,216 16 0 12,125 11 9 67,565 3 11 Debits Live-stock at 30th June, 1948 — 3,583 sheep .. .. .. 2,425 14 0 452 cattle .. ... -• 1,424 10 0 14 horses.. .. • • • • • • 67 0 0 3,917 4 0 Sheep bought (16 rams) .. .. . • • • • • 142 16 0 Cattle bought (32) 2 Wages .. -• •• •• •• •• 1,116 19 8 Repairs, maintenance, and running-expenses .. .. • • 577 7 2 Rates 406 11 6 Management and office expenses .. .. .. • • 210 18 8 6,916 17 0 Plant and furniture at 30th June, 1948 .. .. .. 390 16 0 7,307 13 0 Balance at credit at 30th June, 1949 .. .. .. •• •• •• £60,257 10 11 Lambing tally .. .. .. .. 1,781 Calving tally .. .. .. • • 140 Area of Station .. •. .. .. 1,944 acres.

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EAST COAST MAORI TRUST LANDS—continued Statement of Accounts foe Year Ended 30th June, 1949 —continued ONENUI STATION Debits £ s. d. £ s. d* Balance at debit at 30th June, 1948 .. .. .. .. . . .. 13,725 18 4 Plant and furniture at 30th June, 1948 .. .. .. 2,760 17 6 Plant purchased . . .. .. -. • • ■ • 148 1 2 2,908 18 8 Distribution .. .. .. .. •• 1,629 7 6 Donations .. .. .. .. .. •• •• 1,417 19 6 Mangatea Petition expenses .. .. .. • • .. 534 1 4 Committee fees and expenses .. .. .. .. .. 165 16 9 3,747 5 1 Additions to shearers' quarters .. .. .. .. 910 0 0 Seed .. .. .. .. .. . • •• 593 3 11 Massive disking .. .. .. .. .. .. 421 0 0 New fencing .. .. .. -. .. .. 390 0 0 Piping for water-supply .. .. .. .. .. 56 15 8 2,370 19 7 Live-stock at 30th June, 1948 — £ s. d. 8,429 sheep .. .. .. 5,735 2 0 815 cattle .. .. .. .. 2,768 10 0 42 horses .. .. .. .. 540 0 0 9,043 12 0 Sheep bought (1,302) .. .. .. .. .. 2,533 15 0 Cattle bought (9) .. .. .. .. .. 230 12 9 Horses bought (2) .. .. .. .. .. 57 0 0 Wages .. .. .. .. .. .. .. 3,475 14 6 Repairs, maintenance, and running-expenses .. .. .. 5,424 7 7 Rates .. .. .. .. .. .. .. 464 13 4 Rent .. .. .. .. .. .. .. 58 10 0 Interest .. .. .. .. .. .. .. 1,037 17 0 Management and office expenses .. .. .. .. 368 5 7 22,694 7 9 45,447 9 5 Credits 1948 wool — £ s. d. Sold .. .. .. .. 326 0 3 Valued at .. .. .. 112 0 0 214 0 3 1949 wool— Sold .. .. .. .. 6,392 8 6 Unrealized .. .. .. 56 0 0 6,448 8 6 6,662 8 9 Sheep sold (4,763) .. .. .. .. .. -- 6,293 8 5 Cattle sold (323) .. .. .. .. .. .. 2,793 2 7 Horses sold (13) .. .. .. .. .. .. 107 19 9 Skins and hides sold .. -. •. .. • • 65 11 3 Rebate on purchases ex Trust store .. .. .. .. 55 14 0 Rebate on cartage by Trust truck .. .. .. .. 21 14 0 Live-stock at 30th June, 1949 7,883 sheep .. .. .. .. 5,452 9 0 689 cattle .. .. .. .. 2,408 10 0 35 horses... .. .. .. .. 355 0 0 8,215 19 0 24,215 17 9 Plant sold .. .. .. .. .. 320 0 0 Plant and furniture on hand at 30th June, 1949 2,588 18 8 2,908 18 8 27,124 16 5 18,322 13 0 Onenui launch (as per supporting schedule) .. .. .. -. • • 1,138 410 Balance at debit at 30th June, 1949 .. .. .. .. . • ■ • £19,460 17 10 Lambing tally .. .. .. .. 3, 747 Calving tally .. .. .. . • 212 Area of Station .. .. .. .. 4,950 acres.

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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949 —continued ONENUI FISHING-BOAT Debits £ s. dL Balance at debit at 30th June, 1948 .. .. .. .. .. •• 1,094 9 8 Interest .. .. .. .. .. .. .. • • • • 43 15 2 Balance at debit at 30th June, 1949 .. .. .. .. .. •- £1,138 4 10 MANGAPOIKE A Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. 34,027 2 9 £ s. d. Interest .. .. .. .. •• •• 1,256 15 4 Proportion profits for year ex Paparatu Station .. .. .. 7,644 13 8 Proportion profits for year ex Tukemokihi Station .. .. .. 8,31689 17,217 17 9 51,245 0 6 Debits Distributions .. .. .. •. .. • • 5,208 10 6 Donations .. .. .. .. -. •. . • 580 7 0 Court fees re appointment: Committee .. .. .. .. 0150 Expenses re meetings .. .. .. .. .. .. 71116 Committee fees and expenses .. .. .. .. .. 83 1 9 Council expenses .. .. .. .. .. .. 55 15 8 6,000 1 5 Balance at credit at 30th June, 1949 .. .. .. .. .• £45,244 19 1 MANGAPOIKE B Credits £ o. d. Proportion profits for year ex Paparatu Station .. .. . • .. .. 222 9 0 No other transactions. MANGAPOIKE 2d Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. • • 9,397 15 5 £ s. d. Proportion profits for year ex Paparatu Station .. .. 1,228 1 8 Proportion profits for year ex Mahurangi Station .. .. 1,377 15 7 2,605 17 3 12,003 12 8 Debits Donations .. .. .. .. •. •. • • 158 1 9 Court fees appointment : Committee .. .. .. .. 0 7 6 Council expenses .. .. .. .. .. .. 16 4 3 Expenses re meetings .. .. .. -. .. 6 12 5 Committee fees and expenses .. .. .. .. .. 1937 2OO 9 6 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £11,803 3 2

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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts foe Year Ended 30th June, 1949 —continued MANGAPOIKE 2a 3 Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 3,888 8 8 £ s. d. Rent received .. .. .. .. .. .. 100 Interest .. .. .. .. .. . . .. 155 8 4 Proportion profits for year ex Paparatti Station .. .. 1,052 4 1 Proportion profits for year ex Mahurangi Station .. .. 409 5 9 1,617 18 2 5,506 6 10 Debits Court fees re appointment: Committee .. .. .. 015 0 Council expenses .. .. .. .. .. .. 440 Committee fees and expenses .. .. .. .. .. 200 6 19 0 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £5,499 7 10 MANGAPOIKE 2B Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 7,528 17 7 £ s. d. Proportion profits for year ex Mahurangi Station .. .. 136 2 3 " Proportion profits for year ex Tukemokihi Station .. .. 1,301 4 6 1,437 6 9 8,966 4 4 Debits Distributions .. .. .. .. .. .. 460 0 0 Donations .. . . .. .. .. .. .. 158 1 9 Court fees appointment: Committee .. .. .. .. 0150 Expenses re meetings .. .. .. .. .. 42 15 10 Committee fees and expenses . . .. .. . . .. 24 5 1 Council expenses .. .. .. .. . . .. 23 4 7 709 2 3 + Balance at credit at 30th June, 1949 .. .. .. .. .. .. £8,257 2 1 MANGAPOIKE 2b £ s. d. Proportion profits for year ex Mahurangi Station .. .. .. .. 1,941 8 3 No other transactions.

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EAST COAST MAORI TRUST LANDS—continued Statement of Accounts for Year Ended 30th June, 1949—continued POHATUROA STATION Debits £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 27,635 9 5 Plant and furniture at 30th June, 1948 .. .. .. .. .. 625 8 6 Live-stock at 30th June, 1948 £ s. d. £ s. d. 3,668 sheep .. .. .. .. 2,627 3 0 285 cattle .. .. .. .. 928 0 0 20 horses .. . . .. .. 97 0 0 3,652 3 0 Sheep bought (20 rams) .. .. .. .. .. 215 4 10 Cattle bought (3) .. .. .. .. .. 46 10 0 Wages .. .. .. .. .. .. .. 1,802 11 8 Repairs, maintenance, and running-expenses .. .. .. 889 5 3 Rates .. .. .. .. .. .. .. 342 15 0 Interest .. .. .. .. .. .. .. 1,269 19 2 Management and office expenses .. .. .. .. 189 16 4 8,408 5 3 36,669 3 2 Credits 1948 wool— £ s. d. Sold .. .. .. .. 152 10 6 , Valued at .. .. .. 48 0 0 lO4 10 6 1949 wool— Sold .. .. .. .. 2,689 15 9 Unrealized .. .. .. 48 0 0 2,737 15 9 2,842 6 3 Sheep sold (1,523) .. .. .. .. .. .. 2,024 6 8 Cattle sold (67) .. .. .. .. .. .. 879 6 9 Skins and hides sold .. .. .. .. .. 24 12 0 Rebate on cartage by Trust truck .. .. .. .. 1186 Rebate on purchases ex Trust store .. .. .. .. 7183 Meat sold .. .. .. .. .. .. .. 15 3 0 Live-stock at 30th June, 1949 3,800 sheep .. .. .. .. 2,635 4 0 388 cattle .. .. .. .. 1,375 10 0 19 horses .. .. .. .. 95 0 0 4,105 14 0 9,910 15 5 Plant and furniture on hand at 30th June, 1949 .. .. 625 8 6 10,536 3 11 Balance at debit at 30th June, 1949 .. .. .. .. .. .. £26,132 19 3 Lambing tally .. .. .. 1,803 Calving tally .. .. .. 68 Area of Station .. .. .. 7,104 acres.

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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949—continued .PAPARATU STATION (PARTS MANGAPOIKE A, B, 2d, AND 2a 3) Debits £ s . d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 42,142 15 11 £ s. d. Plant purchased .. .. . . .. .. .. 268 0 0 Plant and furniture at 30th June, 1948 .. .. .. 914 17 11 1,182 17 11 Materials for new cottage .. .. .. .. .. .. .. 77 2 10 Live-stock at 30th June, 1948- £ s. d. 14,571 sheep .. .. .. .. 9,988 14 0 2,153 cattle .. .. .. .. 7,289 10 0 96 horses .. .. .. ~ 534 0 0 17,812 4 0 Sheep bought (55 rams) .. .. .. .. .. 490 17 6 Cattle bought (7 including 5 bulls) .. .. .. .. 293 10 0 Wages .. .. .. .. .. .. .. 5,809 15 6 Repairs, maintenance, and running-expenses .. .. .. 4,978 3 5 Rates .. .. .. .. .. .. .. 1,170 12 0 Interest .. .. .. .. .. .. .. 2,356 6 4 Management and office expenses .. .. .. .. 823 4 4 Proportion profit to — Mangapoike A .. .. .. .. .. .. 7,644 13 8 Mangapoike B . . .. .. .. .. .. 222 9 0 Mangapoike 2d .. .. .. .. .. 1,228 1 8 Mangapoike 2a 3 .. .. .. .. .. .. 1,052 4 1 43,882 1 6 87,284 18 2 Credits 1948 wool— £ s. d. Sold .. .. .. .. 410 9 10 Valued at .. .. .. 136 0 0 274 9 10 1949 wool— Sold .. .. .. .. 12,311 12 8 Unrealized .. .. .. 144 0 0 12,455 12 8 12,730 2 6 Sheep sold (5,190) .. .. .. .. .. .. 8 ,249 17 0 Cattle sold (459) .. .. .. .. .. .. 5,423 18 3 Skins and hides sold .. .. .. .. .. 167 12 5 Rebate on purchases ex Trust store .. .. .. .. 7140 Rebate on cartages by Trust truck .. .. .. .. 41 2 4 Live-stock at 30th June, 1949 14,830 sheep .. .. .. .. 10,118 5 0 1,889 cattle .. .. .. .. 6,525 0 0 105 horses .. .. .. .. 555 0 0 17,198 5 0 43,882 1 6 Plant and furniture at 30th June, 1949 .. .. 1,182 17 11 45,064 19 5 Balance at debit at 30th Juue, 1949 .. .. .. .. .. .. £42,219 18 9 Docking tally .. .. .. .. 6,895 Calving tally .. .. .. .. 418 Area of Station .. .. .. .. 16,115 acres.

15

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EAST COAST MAORI TRUST LANDS—continued Statement op Accounts for Year Ended 30th June, 1949—continued TUKEMOKIHI STATION (PARTS MANGAPOIKE A AND 2b) Debits £ s . d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 5,276 0 2 £ s. d. Plant purchased .. .. .. .. .. .. 746 0 0 Plant and furniture at 30th June, 1948 .. .. .. 2,131 14 3 2,877 14 3 New buildings .. .. .. .. .. .. .. .. 2,674 5 1 Live-stock at 30th June, 1948 — £ s. d. 15,844 sheep .. .. .. .. 10,612 4 0 1,710 cattle" .. .. .. .. 5,950 0 0 32 horses .. .. .. .. 235 0 0 16,797 4 0 Sheep bought (43 rams) .. .. .. .. .. 383 15 6 Cattle bought (174) .. .. .. .. .. .. 2,734 12 0 Horses bought (20) .. .. .. .. .. .. 82 10 0 Wages .. .. .. .. .. .. .. 5,743 3 10 Repairs, maintenance, and running-expenses .. .. .. 3,891 15 10 Rates .. .. .. .. .. .. .. 1,345 3 5 Interest .. • .. .. .. .. .. .. 790 310 Management and office expenses .. .. .. .. 829 7 0 Proportion of profits— Mangapoike A .. .. .. .. .. .. 8,316 8 9 Mangapoike 2b .. .. .. .. .. 1,301 4 6 42,215 8 8 53,043 8 2 Credits 1948 wool— £ s. d. Sold .. .. .. .. 561 12 7 Valued at .. .. .. 160 0 0 4Ol 12 7 1949 wool — Sold .. .. .. .. 11,677 14 9 Unrealized .. .. .. 184 0 0 — 11,861,14 9 12,263 7 4 Sheep sold (5,735) .. .. .. .. .. .. 7,607 14 10 Cattle sold (413) .. .. .. .. .. .. 4,583 1 9 Horses sold (3) .. .. .. .. .. .. 17 19 9 Skins and hides sold .. .. .. .. .. 106 10 0 Meat sold .. .. .. .. .. .. .. 15 0 0 Rebate on purchase ex Trust store .. .. .. .. 781511 Rebate on cartages by Trust truck .. .. .. .. 38 9 1 Live-stock at 30th June, 1949 16,141 sheep .. .. .. .. 10,989 0 0 1,753 cattle .. .. .. .. 6,256 10 0 41 horses .. .. .. .. 259 0 0 17,504 10 0 42,215 8 8 Plant sold .. .. .. .. .. 415 0 0 Plant and furniture at 30th June, 1949 .. 2,462 14 3 2,877 14 3 45,093 2 11 Balance at debit at 30th June, 1949 .. .. .. .. .. .. £7,950 5 3 Docking tally .. .. .. .. 7,300 Calving tally .. .. .. .. 430 Area of Station .. .. .. .. 11,493 acres.

16

Gr—3

EAST COAST MAORI TRUST LANDS —continued Statement op Accounts for Year Ended 30th June, 1949 —continued MAHURANGI STATION (MANGAPOIKE 2B AND PARTS MANGAPOIKE 2a 3, 2D, AND 2B) Debits ' £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 490 7 0 Plant and furniture at 30th June, 1948 .. .. .. .. .. .. 1,009 16 10 £ s. d. Distributions 4 .. .. .. .. * .. 1,200 0 0 Donations .. .. .. .. .. .. .. 198 6 7 Committee fees and expenses .. .. .. .. .. 57 6 "9 2 455 13 4 Live-stock at 30th June, 1948 £ s. d. 9,500 sheep .. .. .. .. 6,604 10 0 1,184 cattle .. .. .. .. 4,429 10 0 49 horses .. .. .. .. .. 317 0 0 11,351 0 0 Sheep bought (1,996) .. ~ .. .. .. .. 4,206 13 6 Cattle bought (2 bulls) .. .. .. .. .. 95 4 11 Wages .. .. .. .. .. .. .. 3,742 13 8 Repairs, maintenance, and running-expenses .. .. .. 2,736 14 0 Rent .. .. .. .. .. .. .. ' 24 17 8 Rates .. .. .. .. .. .. .. 597 8 11 Interest .. .. .. .. .. 437 10 9 Management and office expenses .. .. .. .. 550 11 8 Proportion of profits— Mangapoike 2b .. .. .. .. .. .. 1 } 941 8 3 Mangapoike 2b .. .. .. .. .. .. 1,377 15 7 Mangapoike 2a 3 .. .. .. .. .. .. 409 5 9 Mangapoike 2b .. .. .. .. .. .. 136 2 3 27,607 6 11 30,563 4 1 Credits 1948 wool — £ s . d. Sold .. .. .. .. 535 5 3 Valued at .. .. .. 128 0 0 407 5 3 1949 wool— Sold .. .. .. .. 6,082 9 8 Unrealized .. .. .. 184 0 0 6,266 9 8 6,673 14 11 Sheep sold (4,557) .. .. .. .. .. .. 5,969 0 5 Cattle sold (241) ... .. .. .. .. .. 2,569 5 1 Goats sold .. .. .. .. .. .. .. 63 18 0 Skins and hides sold .. .. .. .. .. .. 52 3 4 Meat sold .. .. .. .. .. .. . . 165 13 2 Rebate on purchases ex Trust store .. . . .. . . 35 7 9 Rebate on cartages by Trust truck .. .. .. .. 32 7 3 Live-stock at 30th June, 1949 — £ s. d. 10,314 sheep .. .. .. .. 7,370 17 0 1,214 cattle .. .. .. .. 4,319 0 0 64 horses .. .. .. .. .. 356 0 0 12,045 17 0 27,607 6 11 Plant and furniture at 30th June, 1949 .. .. .. .. 1,009 16 10 28,617 3 9 Balance at debit at 30th June, 1949 .. .. .. .. .. .. £1 946 0 4 Docking tally .. .. .. 4,046 Calving tally .. .. .. 270 Area of Station .. .. .. 8,763 acres.

17

G—3

EAST COAST MAORI TRUST LANDS—continued Statement op Accounts for Year Ended 30th June, 1949—continued TAHORA 2c 1, SECTION 3 Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 32,685 18 5 £ s. d. Rent received .. .. .. .. .. .. 99 10 8 Interest .. .. .. .. .. .. .. 1,302 11 11 Proportion of profits for year ex Marewa Station .. .. 4,519 15 10 5,921 18 5 38,607 16 10 Debits Distribution .. .. .. .. .. .. 1,222 1 3 Donations .. .. .. .. .. .. .. 225 6 10 Court fee appointment: Committee .. .. .. .. 010 0 Survey bush areas .. .. .. .. .. .. 60 0 0 Council expenses .. .. ~ .. .. .. 536 Expenses re meetings .. .. .. .. .. 11 17 8 Committee fees and expenses .. .. .. .. .. 33 6 0 Management and office expenses .. .. .. .. 4 19 6 1,563 4 9 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £37,044 12 1

18

G—3

EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949—continued MAREWA STATION (PARTS TAHORA 2c 1, SECTION 2 AND 2c 2, SECTION 2) Debits £ s. dBalance at debit at 30th June, 1948 .. .. .. .. .. .. 32,116 7 1 £ s. d. Plant purchased .. .. .. .. .. .. 234 0 7 Plant and furniture at 30th June, 1948 .. .. .. .. 1,268 0 11 1,502 1 6 Building additions .. .. .. .. .. .. .. .. 467 4 6 Live-stock at 30th June, 1948 — £ s. d. 7,400 sheep .. .. .. .. 5,526 12 0 1,601 cattle .. .. .. .. 5,979 0 0 13 horses .. .. .. .. .. 185 0 0 11,690 12 0 Sheep bought (314) .. .. .. .. .. .. 485 8 0 Cattle bought (12) .. .. .. .. .. .. 401 5 0 Wages .. .. .. .. .. .. .. 3,155 8 0 Repairs, maintenance, and running-expenses .. .. .. 4,002 18 9 Rates .. .. .. .. .. .. .. 485 10 3 Interest .. .. .. .. .. .. .. 1,777 1 5 Management and office expenses .. .. .. .. 513 19 11 Proportion of profits— Tahora 2c 1/3 .. .. .. .. .. .. 4,519 15 10 Tahora 2c 2/2 .. .. .. .. .. .. 2,303 8 0 29,335 7 2 63,421 0 3 Credits 1948 wool— £ s. d. Sold .. .. .. .. 387 15 6 Valued at .. .. .. 112 0 0 275 15 6 1949 wool — Sold .. .. .. .. 6,451 19 8 Unrealized .. .. .. 144 0 0 6,595 19 8 6,871 15 2 Sheep sold (4,207) .. .. .. .. .. .. 6,105 13 7 Cattle sold (384) .. .. .. ... .. .. 5,525 17 0 Skins and hides sold .. .. .. .. .. .. 52 0 6 Meat sold .. .. .. .. .. .. .. 118 0 Rebate on purchases ex Trust store .. .. .. .. 46 18 9 Rebate on cartages by Trust truck .. .. .. .. 47 4 2 Live-stock at 30th June, 1949 — 7,207 sheep .. .. .. .. 5,051 0 0 1,436 cattle .. .. .. .. 5,438 10 0 . 13 horses .. .. .. .. .. 185 0 0 10,674 10 0 29,335 7 2 Plant and furniture at 30th June, 1949 .. .. .. .. 1,502 1 6 30,837 8 8 Balance at debit at 30th June, 1949 .. .. .. .. .. £32,583 11 7 Docking tally .. .. .. 4,551 Calving tally ' .. .. .. 252 Area of Station .. .. .. 5,930 acres.

19

G—3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts for Year Ended 30th June, 1949—continued MAPOU STATION (PART TAHORA 2c 1, SECTION 3) Debits £ s. <l. Balance at debit at 30th June, 1948 . . .. . . .. .. .. 11,274 9 3 £ s. d. Plant and furniture at 30th. June, 1948 .. .. .. 231 11 5 Plant and furniture purchased .. .. .. .. 255 2 6 486 13 11 Live-stock at 30th June, 1948 £ s. d. 2,558 sheep .. .. .. 1,749 18 0 377 cattle .. .. •• 1,301 0 0 28 horses .. .. .• ■• 137 0 0 3,187 18 0 Sheep bought (45 rams) .. . . • • . . . • 472 10 0 Cattle bought (2) . . .. . . .. .. 30 0 0 Wages .. .. .. •• •• •• 1,360 11 4 Repairs, maintenance, and running-expenses .. .. .. 1,622 14 6 Rates . . .. .. .. • • • • • • 185 22 Interest .. .. .. . - - - . • . • 615 16 0 Management and office expenses .. .. .. .. 157 5 3 7,631 17 3 19,393 0 5 Credits 1948 wool — £ s. d. Sold .. .. .. -• 88 6 9 Valued at .. .. . . 32 0 0 56 6 9 1949 wool — Sold .. .. .. •• 1,306 11 7 Unrealized .. . . 40 0 0 1,346 11 7 1,402 18 4 Sheep sold (1,235) .. .. .. •• • • •• 1,689 15 11 Cattle sold (92) .. .. .. . - • • . • 777 14 6 Horses sold (2) .. .. .. ' .. .. .. 14 0 0 Skins and hides sold .. .. .. .. . ■ 32 10 1 Meat sold .. .. .. .. .. . • • • 17 2 0 Rebate on purchases ex Trust store .. .. .. .. 33 9 3 Rebate on cartage by Trust truck .. .. .. .. 2165 Live-stock at 30th June, 1949 2,632 sheep .. .. .. .. 1,872 12 0 386 cattle .. .. .. .. 1,322 0 0 27 horses .. .. .. .. 126 0 0 3,320 12 0 7,309 8 6 Plant and furniture at 30th June, 1949 . . .. .. 486 13 11 7,796 2 5 Balance at debit at 30th June, 1949.. .. .. .. .. .. £11,596 18 0 Lambing tally .. .. .. 1,404 Calving tally .. .. .. 104 Area of Station .. .. .. 3,573 acres.

20

a—3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts fob Year Ended 30th June, 1949 —continued WAIMAHA STATION Credits £ g. d. Balance at credit at 30th June, 1948 .. .. .. .. .. 10,979 15 10 Plant and furniture on hand at 30th June, 1949 .. .. .. .. 2,320 13 4 1948 wool— £ s. d. £ s. d. Realized .. .. .. .. .. .. 236 16 5 Valued at .. .. .. - - 88 0 0 l4B 16 5 1949 wool — Sold .. ... •• 3,671 6 10 Unrealized .. .. . - . • 104 0 0 3,775 6 10 Sheep sold (1,820) .. .. .. .. .. .. 3,196 18 2 Cattle sold (205) .. .. •• .. .. ... 2,570 10 1 Skins and hides sold .. .. .. .. . . 43 9 9 Interest .. . . • • • • ■ - ■ • . • 19 6 2 Rebate on purchases ex Trust store .. . . .. .. 36 15 7 Rebate on cartage by Trust truck .. .. .. .. 38 16 8 Posts and strainers sold .. .. .. 460 0 0 Less unrealized 1948 .. ... .. 450 0 0 lO 0 0 Live-stock at 30th June, 1949 5,684 sheep .. .. .. .. 3,836 10 0 891 cattle .. .. .. .. 3,098 0 0 31 horses .. .. .. .. 149 0 0 7,083 10 0 16,923 9 8 30,223 18 10 Debits Live-stock at 30th June, 1948 5,663 sheep .. .. .. .. 3,880 15 0 829 cattle .. .. .. .. 3,072 0 0 26 horses .. .. .. .. 127 0 0 7,079 15 0 Sheep bought (26 rams) .. .. .. .. .. 301 7 0 Cattle bought (90) .. .. .. .. .. . . 751 5 9 Horses bought (1) .. .. .. .. .. . . 18 0 0 Wages .. .. .. .. .. .. .. 2,256 16 2 Repairs, maintenance, and running-expenses .. .. .. 4,167 11 3 Rates .. .. .. .. .. .. .. 472 19 8 Management and office expenses .. .. .. .. 352 5 0 15,399 19 10 Plant purchased .. . . .. .. .. 855 7 4 Plant and furniture at 30th June, 1948 .. .. 1,465 6 0 2,320 13 4 Massive disking, See. .. .. .. 469 11 9 Seed .. .. .. .. .. 420 13 9 Materials: New building .. .. .. 54 15 8 945 1 2 18,665 14 4 Balance at credit at 30th June, 1949 .. .. .. .. .. £11,558 4 6 Lambing tally .. .. .. 2,375 Calving tally .. .. .. 230 Area of Station .. .. .. 12,100 acres.

21

G—3

EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949—continued TAHORA 2f, SECTION 2 Debits £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 15,212 8 4 £ s. d. Distribution .. .. .. .. .. .. 1,400 3 3 Donations .. .. .. .. .. .. .. 325 9 4 Committee fees and expenses .. .. .. .. .. 45 9 6 Court fees appointment : Committee .. .. .. .. 0150 Fees and expenses re Council meetings .. .. .. 33 1 2 Stores for meetings .. .. .. .. .. .. 13 17 8 Survey fees .. .. .. .. .. .. 13 14 0 Interest .. ' .. .. .. .. .. .. 615 17 4 Management and office expenses .. .. .. .. 9 3 3 2,457 10 6 17,669 18 10 Credits Rent received .. .. ... .. .. .. .. 183 5 1 Balance at debit at 30th June, 1949 .. .. .. .. ... .. £17,486 13 9

22

G—3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts for Year Ended 30th June, 1949 —continued PAPUNI STATION Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 40,521 1 1 Plant and furniture at 30th June, 1949 .. .. .. .. .. 1,428 12 9 1948 wool— £ s. d. £ s. d. £ s. d. Realized .. .. .. .. 168 14 6 Valued at .. .. .. 80 0 0 BB 14 6 1949 wool — Sold .. .. .. .. 4,951 11 0 Unrealized .. .. .. 120 0 0 5,071 11 0 5,160 5 6 Sheep sold (2,896) .. .. .. .. .. 4,203 2 8 Cattle sold (217) .. .. .. .. .. .. 1,379 6 9 Horses sold (3) .. .. .. .. .. .. 41 0 0 Skins and hides sold .. .. .. .. .. 95 12 0 Rebate on purchases ex Trust store .. .. .. .. 42 11 0 Rebate on cartage by Trust truck .. .. .. .. 58 5 0 Interest .. .. .. .. .. .. ~ 615 17 4 Potatoes sold .. .. .. .. .. .. 30 0 0 Meat sold .. .. . .. .. .. .. 0 18 0 Half-share profit Ngapakira .. .. .. .. .. 648 6 4 Live-stock at 30th June, 1949 6,715 sheep .. .. .. .. 4,547 10 0 999 cattle .. .. .. .. 3,421 0 0 57 horses .. .. .. .. 399 0 0 8,367 10 0 20,642 14 7 62,592 8 5 Debits Live-stock at 30th June, 1948 6,932 sheep .. .. .. .. 4,790 5 0 1,129 cattle .. .. .. .. 3,829 10 0 63 horses .. .. .. .. 345 0 0 8,964 15 0 Sheep bought (81) .. .. .. .. .. .. 311 14 0 Cattle bought (3 bulls) .. .. .. .. .. 141 15 0 Horse bought (1 stallion) .. .. .. .. .. 210 0 0 Wages .. .. .. .. .. .. .. 2,665 8 10 Repairs, maintenance, and running-expenses .. .. .. 1,804 15 4 Rates .. .. .. .. .. .. .. 617 9 0 Management and office expenses .. .. .. .. 404 7 0 15,120 4 2 Additions to shearers' quarters .. .. .. .. 56 3 9 Plant bought .. .. .. .. .. 10 0 6 Plant and furniture at 30th June, 1948 .. 1,418 12 3 1,428 12 9 16,605 0 8 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £45,987 7 9 Lambing tally .. .. .. 3,235 Calving tally .. .. .. 363 Area of Station .. .. 8,827 acres.

23

r 4 o (j—o

EAST COAST MAORI TRUST LANDS —continued Statement op Accounts for Year Ended 30th June, 1949 —continued TAHORA 2c 2, SECTION 2 Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 13,464 411 £ s. d. Interest .. .. .. .. .. .. .. 538 11 1 Proportion profits for year ex Marewa .. .. .. .. 2,303 8 0 2,841 19 1 16,306 4 0 Debits Donations .. .. .. .. .. .. .. 197 12 7 Court fees re appointment: Committee .. .. .. 010 0 Committee fees and expenses .. .. .. .. .. 28 4 6 Proportion loss for year ex Tapere .. .. .. .. 849 7 4 1,075 14 5 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £15,230 9 7

24

(t—3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts fob Year Ended 30th June. 1949—continued TAPERE STATION (PARTS TAHORA 2c 2, SECTIONS 2 AND 2c 3, SECTION 2) Debits £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 15,883 12 7 £ s. d. Plant purchased .. .. .. .. .. .. 722 10 2 Plant and furniture at 30th June, 1948 . . .. .. 793 4 2 1,515 14 4 Live-stock at 30th June, 1948 £ s. d. 1,649 sheep .. .. .. .. 1,288 2 0 599 cattle .. .. .. .. 2,680 0 0 6 horses .. .. . . .. .. 45 0 0 4,013 2 0 Sheep bought (1,290) .. .. .. .. .. 2,228 19 8 Cattle bought (168) .. .. .. .. .. .. 1,939 0 4 Horse bought (1) ~ .. .. .. .. 14 10 0 Wages .. .. .. .. .. .. .. 2,074 10 5 Repairs, maintenance, and running-expenses .. .. .. 1,429 8 1 Rates .. .. .. .. .. .. .. 239 4 3 Interest . . .. .. .. .. .. . . 859 17 9 Management and office expenses ' .. .. .. .. 178 6 6 12,976 19 0 30,376 5 11 Credits 1948 wool — £ s. d. Sold .. .. .. .. 79 7 2 Valued at .. .. .. 24 0 0 55 7 2 1949 wool— Sold .. .. .. .. 1,327 6 0 Unrealized .. .. .. 40 0 0 1,367 6 0 1,422 13 2 Sheep sold (1,864) .. .. .. .. .. .. 2,513 0 4 Cattle sold (334) .. .. .. .. .. .. 3,856 4 9 Skins and hides sold .. .. .. .. .. 12 14 0 Rebate on purchase ex Trust store .. .. .. .. 30 3 0 Live-stock at 30th June, 1949 1,982 sheep .. .. .. .. 1,406 0 0 563 cattle .. .. .. .. 2,332 0 0 7 horses .. .. .. .. .. 65 0 0 3,803 0 0 Proportion loss for year— Tahora 2c 2/2 .. .. .. .. .. .. 849 7 4 Tahora 2c 3/2 .. .. .. .. .. .. 489 16 5 12,976 19 0 Plant sold .. .. .. .. 500 0 0 Plant and furniture at 30th June, 1949 .. 1,015 14 4 1,515 14 4 — 14,492 13 4 Balance at debit at 30th June, 1949 .. .. .. .. ... .. £15,883 12 7 Lambing tally .. .. .. .. 1,170 Calving tally .. .. .. .. 160 Area of Station .. .. .. .. 4,070 acres.

25

G—S

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts foe, Year Ended 30th June, 1949—continued TAHORA 2c 3, SECTION 2 Credits £ s. dBalance at credit at 30th June, 1948 .. .. .. .. .. .. 3,257 17 3 £ s. d. Sale, building-materials .. .. .. .. .. 11105 Interest .. . . .. .. .. .. .. 130 8 0 l4l 18 5 3,399 15 8 Debits Legal expenses .. .. .. .. .. .. 0 10 6 Workers' compensation premium .. .. .. .. 0 15 11 Proportion loss for year ex Tapere .. .. .. .. 489 16 5 491 2 10 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £2,908 12 10 TAHORA 2g 2 Debits £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 823 17 4 No further transactions. PAREMATA 64, No. 1 ACCOUNT Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 7,173 13 2 No further transactions. PAREMATA 64, No. 2 ACCOUNT Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 470 19 0 Interest .. .. .. .. .. .. .. .. .. 305 3 11 776 2 11 Debits £ s. d. Court fees appointment: Committee .. .. .. .. 0150 Committee fees and expenses .. .. .. .. .. 10 15 0 Expenses re meetings .. .. .. .. .. 1 14 1 Fees and expenses re Council meetings .. .. .. 13 17 8 Donations .. .. .. .. .. .. .. 309 3O 2 6 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £746 0 5

26

o—3

EAST COAST MAORI TRUST LANDS—continued Statement op Accounts for Year Ended 30th June, 1949—continmd TITIRANGI STATION (PAREMATA 64,73, AND 73a) Debits 1948 wool— £ s. d. £ s. d. £ s. d. £ s. d. Sold .. .. .. . . 158 0 10 Valued at .. .. .. 48 0 0 llO 0 10 1949 wool— Sold .. .. .. .. 4,273 1 8 Unrealized .. .. .. 96 0 0 4,369 1 8 4,479 2 6 Sheep sold (1,585) .. .. .. .. .. .. 2,501 7 2 Cattle sold (424) .. .. .. .. .. .. 2,301 1 9 Meat sold .. .. .. .. . . .. . . 29 8 0 Skins and hides sold .. .. .. .. .. 42 8 11 Rebate on purchases ex Trust store .. .. .. .. 24 9 8 Rebate on cartage by Trust truck .. .. .. .. 7 19 11 Live-stock at 30th June, 1949 5,100 sheep .. .. .. .. 3,583 12 0 421 cattle .. .. .. .. 1,689 0 0 9 horses .. .. .. .. .. 120 0 0 5,392 12 0 14,778 9 11 Plant sold .. .. .. .. .. 3 0 0 Plant and furniture at 30th June, 1949 ■ . . 959 9 2 962 9 2 15,740 19 1 Balance at debit at 30th June, 1948 .. .. .. .. .. .. 2,595 9 2 13,145 9 11 Credits Live-stock at 30th June, 1948 5,284 sheep .. .. .. .. 3,661 5 0 658 cattle .. .. .. .. 2,133 0 0 6 horses .. .. .. .. .. 60 0 0 5,854 5 0 Sheep bought(279) .. .. .. .. .. .. 590 3 0 Cattle bought (43) .. .. .. .. .. .. 427 0 0 Horses bought (3) .. .. .. .. .. 54 0 0 Wages .. .. .. .. .. .. .. 2,872 1 10 Repairs, maintenance, and running-expenses .. .. .. 969 7 7 Rates . . .. . . • .. .. .. .. 422 4 9 Interest .. .. .. .. .. .. .. 318 10 11 Rent Paremata 73 and 73a . . .. .. .. .. 60 0 0 Management and office-expenses .. .. .. .. 232 16 4 11,800 9 5 Plant purchased .. .. .. .. 298 11 6 Plant and furniture at 30th June, 1948 .. 663 17 8 962 9 2 12,762 18 7 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £382 11 4 Lambing tally .. . . .. 1,516 Calving tally .. .. .. .. 220 Area of Station .. .. 2,480 acres.

27

G—3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts for Year Ended 30th June, 1949—continued PAREMATA 73 AND 73a Debits £ s. d. £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. 662 9 0 Interest .. .. . . .. .. .. .. .. 26 4 4 Management and office expenses .. .. .. .. .. 312 0 —— 29 16 4 692 5 4 Credits Rent received .. .. .. .. .. .. .. .. 72 0 0 Balance at debit at 30th June, 1949 .. .. ' .. .. .. .. £620 5 4 PAREMATA No. 48 Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 36 1 1 Rent received .. .. .. .. .. .. .. .. 56 18 6 92 19 7 Debits £ s. d. Distribution .. .. .. .. .. .. .. .. 72 2 1 Management and office expenses .. .. .. .. 2 16 11 74 19 0 Balance at credit at 30th June, 1949 .. .. .. . .. .. £lB 0 7

28

G—3

EAST COAST MAORI TRUST LANDS —continued Statement of Accounts for Year Ended 30th June, 1949—continued IWINUI STATION Debits £ s. d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 10,855 9 4 £ s. d. Plant purchased .. .. .. .. .. .. 360 17 11 Plant and furniture at 30th June, 1948 . . . . . . 424 8 9 785 6 8 New skin-house .. .. .. .. .. .. .. .. 26 5 3 Committee fees and expenses . . .. .. .. .. .. .. 33 2 6 Live-stock at 30th June, 1948 £ s. d. 3,232 sheep .. .. .. .. 2,487 1 0 374 cattle .. .. .. .. 1,189 0 0 10 horses .. .. .. . . 74 0 0 3,750 1 0 Sheep bought (3,342) .. .. .. .. .. 5,236 14 5 Cattle bought (22) .. . . .. .. . . . . 477 0 0 Wages .. .. .. .. .. .. .. 2,668 15 5 Repairs, maintenance, and running-expenses .. .. . . 1,864 16 4 Rates .. .. .. .. ' .. .. . . 491 7 0 Interest .. .. .. .. .. .. .. 648 010 Management and office expenses .. .. .. .. 208 1 6 15,344 16 6 27,045 0 3 Credits 1948 wool— £ s. d. Sold .. . . .. .. 46 16 2 Valued at .. .. .. 16 0 0 3O 16 2 1949 woolSold .. .. .. .. 2,516 1 5 Unrealized .. .. .. 32 0 0 2,548 1 5 2 578 17 7 Sheep sold (4,086) . . . . .. .. .. .. s'ssi 19 3 Cattle sold (43) .. .. .. .. .. .. 496 8 5 Skins and hides sold . . .. .. .. .. 62 9 9 Meat sold . . .. .. . . .. . . .. 138 0 6 Produce sold . . .. .. .. .. .. 65 1 1 Firewood sold .. .. .. .. 120 17 6 Firewood on hand .. .. .. .. 172 0 0 292 17 6 Rebate on stores ex Trust store . . .. .. . . 22 19 9 Rebate on cartage by Trust truck .. .. .. .. 4190 Live-stock at 30th June, 1949 4,008 sheep .. .. .. 2,869 3 0 445 cattle .. .. .. .. 1,536 0 0 10 horses.. .. .. . . .. 125 0 0 4,530 3 0 13,773 15 10 Plant and furniture at 30th June, 1949 .. .. .. 785 6 8 14,559 2 6 Balance at debit at 30th June, 1949 .. .. .. .. .. .. £12,485 17 9 Lambing tally .. .. .. 2,196 Calving tally .. .. .. .. 97 Area of Station .. .. .. 1,465 acres.

29

G—3

EAST COAST MAORI TRUST LANDS —continued Statement of Accounts tor Year Ended 30th June, 1949 —continued MANGAHEIA 2d Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. .. 10,207 15 9 £ s. d. Rent received .. .. .. .. ... .. 31 10 0 Interest .. .. .. .. .. .. .. 403 5 2 434 15 2 10,642 10 11 Debits Committee fees and expenses .. .. .. .. .. 27 15 0 Court fees appointment : Committee .. .. .. .. 15 0 Fees and expenses re Council meetings .. .. .. 13 17 8 Expenses re meetings .. .. .. .. .. 1 14 1 Survey and Valuation Fees re leases to rehabilitation lessees .. 165 12 8 Rent credited last year from rehabilitation lessees, reversed .. 138 15 0 Purchase of buildings, &c., on racecourse (for dismantling) .. 105 0 0 Management and office expenses .. .. .. .. 1116 455 0 11 Balance at credit at 30th June, 1949 .. .. .. .. .. .. £10,187 10 0

30

G—3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts for Year Ended 30th June, 1949—continued PAROA STATION Debits £ s . d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 38 228 4 7 £ s. d. Plant purchased .. .. .. .. .. .. 1,257 16 0 Plant and furniture on hand at 30th June, 1948 .. .. 4', 855 7 5 AT , . , 6,113 3 5 JNew dram work .. .. .. .. .. .. 439 1 3 New building .. .. .. .. .. .. 268 18 3 Metalling road .. .. .. .. .. .. 104. 6 g BO3 6 0 Live-stock at 30th June, 1948 — £ g. d. 6,990 sheep .. .. .. .. 5,184 11 0 846 cattle .. .. .. .. 3,066 10 0 11 horses .. .. .. .. 145 0 0 8,396 1 0 Sheep bought (7,417) .. .. .. .. .. 10,735 18 5 Cattle bought (538) .. .. .. .. .. .. 5,074 8 8 Horses bought (7) .. .. .. .. .. 96 0 0 Wages .. .. .. .. .. .. .. 3,971 15 6 Repairs, maintenance, and running-expenses .. .. .. 3,608 5 8 Rat es .. .. .. .. .. .. .. 1,208 11 11 Interest .. .. .. .. .. .. .. 2,038 18 6 Management and office expenses .. .. .. . . 349 14 5 35>479 14 1 80,624 8 1 Credits 1948 wool— £ s . d. Realized .. .. .. 181 11 1 Valued at .. .. .. 48 0 0 133 11 1 1949 wool — Sold .. .. .. .. 4,827 8 3 Unrealized .. .. .. 104 0 0 4,931 8 3 5,064 19 4 Sheep sold (11,427) .. .. .. .. .. .. 17 Q24 5 2 Cattle sold (690) .. .. .. .. .. .. 8 565 11 3 Skins and hides sold .. .. .. .. .. ' 96 19 11 Meat sold .. .. .. .. .. .. .. 40 9 2 Maize sold .. .. .. .. 126 3 10 Credited last year .. .. .. 90 0 0 36 3 10 Maize on hand .. .. ... .. 80 0 0 116 3 10 Peas sold .. .. .. .. .. .. .. 519 18 0 Battens sold .. .. .. .. . _ # 101 19 q Firewood sold .. .. .. .. .. .. 11 0 0 Rebate on purchases ex Trust store .. .. .. .. 38 7 8 Rebate on cartage by Trust truck .. .. .. .. 66 12 7 Hay sold .. .. .. .. .. .. .. 58 9 0 Ploughing, &c. .. .. .. .. .. .. 43 0 0 Live-stock at 30th June, 1949 6,024 sheep .. .. .. .. 4,532 14 0 837 cattle .. .. .. 2,757 10 0 17 horses .. .. .. . . 109 0 0 7,399 4 0 39,206 16 2 Plant sold .. .. .. .. .. 831 1 6 Plant and furniture on hand at 30th June, 1949.. 5,282 111 6,113 3 5 45,319 19 7 Balance at debit at 30th June, 1949 .. .. .. .. .. .. £35,304 8 6 Lambing tally .. .. .. .. 4,050 Calving tally .. .. .. .. 130 Area of Station .. .. .. .. 6,851 acres.

31

Cf —3

EAST COAST MAORI TRUST LANDS—continued Statement of Accounts for Year Ended 30th June, 1949 —continued WHAITIRI 2 Credits £ s. d. Balance at credit at 30th June, 1948 .. .. .. .. .. 211 0 11 Rent received .. .. .. .. .. . - • • 213 15 0 424 15 11 Debit'■■s £ s. d. Valuation fees .. .. .. .. .. - 660 Management and office expenses .. .. 10139 Distribution .. .. .. . . . - .. 319 10 0 336 9 9 Balance at credit at 30th June, 1949 .. .. . - - - - - £BB 6 2

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EAST COAST MAORI TRUST LANDS —continued Statement op Accounts foe Year Ended 30th June, 1949 —continued MANGAOTANE STATION (MANGATU 5 AND 6) Credits £ s. d. Accumulated profits to 30th. June, 1948, transferred to special reserve .. .. 15,420 13 1 Plant and furniture at 30th June, 1948 .. .. . . . . .. 879 10 6 Materials, new men's quarters and preparation site .. .. .. . - 437 4 11 Live-stock at 30th June, 1948 — £ s. d. £ s. d. 4,505 sheep .. .. •• •• 3,132 2 0 710 cattle .. .. • • •• 3,410 10 0 31 horses .. • • • • • • 239 0 0 6,781 12 0 Sheep bought (20 rams) .. .. • • • • • • 210 0 0 Cattle bought (173) .. .. •- •• •• 2,422 0 0 Horses bought (10) .. .. • • • • ■ ■ • • 49 0 0 Wages 2,171 10 1 Repairs, maintenance, and running-expenses .. .. .. 1,249 7 5 Rates .. .. .. .. ■. • • • • 88 13 2 Management and office expenses .. .. .. .. 197 7 0 Profit for year transferred to special reserve .. .. .. 4,470 9 11 17,639 19 7 34,377 8 1 Balance at credit at 30th June, 1948 .. .. .. 7,661 2 6 Balance at 30th June, 1948, transferred from special reserve .. 2,460 17 2 — 10,121 19 8 24,255 8 5 Debits 1948 wool— £ s. d. Sold .. .. .. .. 102 8 3 Valued at .. .. .. 40 0 0 62 8 3 1949 wool— Sold .. .. .. .. 2,526 4 8 Unrealized .. .. .. 40 0 0 2,566 4 8 2,628,12 11 Sheep sold (1,885) .. .. .. •• •• •• 3,415 19 6 Cattle sold (397) .. .. .. •• •• 6,582 15 0 Meat sold . . .. .. .. • • • • • • 13 10 0 Skins and hides sold .. .. • ■ • • • • 63 11 . 6 Rebate on purchases ex Trust store .. •. • • • • 27 5 3 Rebate on cartage by Trust truck .. •• •• •• 36110 Interest . . .. .. .. - • • • 818 5 Live-stock at 30th June, 1949 — 3,498 sheep .. .. .. .. •• 2,356 16 0 460 cattle .. .. .. .. •• 2,274 0 0 35 horses .. .. .. .. • • 232 0:0 4,862 16 0 17,639 19 7 Plant and furniture at 30th June, 1949 .. - - •. 879 10 6 18,519 10 1 Balance at debit at 30th June, 1949.. .. .. j. •• •• £5,735 18 4 Lambing tally ~ .. .. 1,209 Calving tally Area of Station .. .. 13,608 acres.

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EAST COAST MAORI TRUST LANDS— continued Statement of Live-stock Depastured on Stations as at 30th June, 1949

Stations. ■Sheep. Cattle, Horses. Total. Number. Value. Number. VaJuo. Number. 1 Value. Number. I_ J Value. £ s. d. £ s. d. £ s. d. £ s. d. iwinui 4,008 2,869 3 0 445 1,536 0 0 10 125 0 0 4,463 4,530 3 0 Kopua 4,271 2,977 0 0 795 2,861 10 0 14 82 0 0 5,080 5,920 10 0 Mahurangi 10,314 7,370 17 0 1,214 4,319 0 0 64 356 0 0 11,592 12,045 17 0 Mangaotane 3,498 2,356 18 0 460 2,274 0 0 35 232 0 0 3,993 4,862 16 0 Marewa 7,207 5,051 0 0 1,436 5,438 10 0 13 185 0 0 8,656 10,674 10 0 Mapou 2,632 1,872 12 0 386 1,322 0 0 27 126 0 0 3,045 3,320 12 0 Onenui 7,883 5,452 9 0 689 2,408 10 0 35 355 0 0 8,607 8,215 19 0 Patemaru 3,568 2,443 6 0 513 1,708 10 0 13 65 0 0 4,094 4,216 16 0 Papuni 6,715 4,547 10 0 999 3,421 0 0 57 399 0 0 7,771 8,367 10 0 Pakowhai .. 747 1,146 10 0 47 235 0 0 4 50 0 0 798 1,431 10 0 Pohaturoa 3,800 2,635 4 0 388 1,375 10 0 19 95 0 0 4,207 4,105 14 0 Paroa 6,024 4,532 14 0 837 2,757 10 0 17 109 0 0 6,878 7,399 4 0 Paparatu 14,830 10,118 5 0 1,889 6,525 0 0 105 555 0 0 16,824 17,198 5 0 Tukemokihi 16,141 10,989 0 0 1,753 6,256 10 0 41 259 0 0 17,935 17,504 10 0 Tiritangi 5,100 3,583 12 0 421 1,689 0 0 9 120 0 0 5,530 5,392 12 0 Tapere 1,982 1,406 0 0 563 2,332 0 0 7 65 0 0 2,552 3,803 0 0 Waimaha 5,684 3,836 10 0 891 3,098 0 0 31 149 0 0 6,606 7,083 10 0 104,404 73,188 8 0 13,726 49,557 10 0 501 3,327 0 0 118,631 126,072 18 0

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EAST COAST MAORI TRUST LANDS—continued Statement of Accounts to 30th June, 1949 MANGAPOIKE 2a 3 AND 2d, JOINT VENTURE MILL ACCOUNT Debits £ s. d. £ s. d. £ s. d. Mill buildings .. .. .. .. 408 7 9 Mill-manager's house .. .. .. .. 600 0 0 l,OOB 7 9 Mill plant .. .. .. .. .. 2,153 6 3 Mill transport plant .. .. .. .. 7,025 0 0 9,178 6 3 10,186 14 0 Mill working .. .. .. .. .. .. 34,923 4 9 Mangapoike 2a 3 Timber Account: Logging and transport .. 18,219 1 4 Mangapoike 2d Timber Account: Logging and transport.. .. 9,063 11 10 Depreciation .. .. .. .. .. .. 5,911 6 2 68,117 4 1 78,303 18 1 Credits Timber sold.. .. .. .. .. 57,617 10 9 Timber on hand .. .. .. .. 3,179 2 1 60,796 12 10 Unsawn logs on hand .. .. .. .. .. l ; 937 14 4 62,734 7 '2 Balance at debit at 30th June, 1949 .. .. .. .. .. £15,569 10 H UNADJUSTED EXPENDITURE : OLIVER PLOUGH ACCOUNT Debits £ s . d. Balance at debit at 30th June, 1948 .. .. .. .. .. .. 1,530 6 3 Unpaid debts for ploughing, &c. .. .. .. .. .. .. 264 2 0 1,776 8 3 Refund premium workers' compensation .. .. .. .. .. 4186 £1,771 9 9

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2nd November, 1949. The Right Hon. the Minister for Maori Affairs, Wellington. Sib, — We report that we have completed the audit of the accounts of the East Coast Maori Trust lands for the year ended 30th June, 1949, and attach a set of the accounts. We have the following comments to make : Freehold Property. —We have not inspected the title deeds relative to the properties of the Trust, but have accepted certificates from the mortgagees —namely, the State Advances Corporation —that they are holding certain documents as security for advances. The solicitors to the Trust and the Bank of New South Wales, Gisborne, have certified that they are holding on behalf of the East Coast Commissioner, the documents relating to the properties of the Trust which are not subject to mortgage. Live-stock on Stations. —We have accepted the numbers and values of live-stock on stations as at 30th June, 1949, as certified by the Farm-managers together with either Mr. H. Symes, the Farm Supervisor, or Mr. €r. Newlands. In connection with Pakowhai Station, breeding-ewes and wethers have been valued at cost and not at the lower standard values. This involves a sum of £568 10s. Station Improvements. —It is anticipated that valuations for all blocks in the Trust will soon be available, and that adjustments will be made in the accounts for the year ending 30th June, 1950, to record the value of improvements on each station. Distributions. —We have verified all payments made to beneficiaries during the year ended 30th June, 1949. The following amounts have been credited to the Distribution Account during the year under review : J £ s. d. Pakowhai .. • • • • • • 374 0 0 Maraetaha No. 2, Section 3 and 6 .. .. .. 2,349 0 0 Onenui .. .. ■ • • • • • 1,629 7 6 Mangapoike A.. .. .. • • • • 5,208 10 6 Mangapoike 2e .. .. .. • • • • 460 0 0 Mahurangi .. .. • • • • • • 1> 200 0 0 Tahora 2c 1, Section 3 .. .. .. .. 1,222 1 3 Tahora 2f, Section 2 .. .. • • 1,400 3 3 Paremata 48 • • • • ■ ■ • • 72 2 1 Whaitiri .. .. . ■ • • • • 319 10 0 £14,234 14 7 In addition to the above allocation for distributions, the accounts disclose that the following amounts have been charged to various blocks : £ s. d. Donations .. .. ■ • • • • • 3,418 19 1 Committee fees and expenses .. .. .. 945 19 1 Special Reserve. —We have referred to this Account in our reports covering the years ended on the 30th June, 1944, to 30th June, 1948, both inclusive. During the year under review a complete analysis of the Mangaotane Station Account has been made covering all transactions since the reversion of the Mangatu 5 and 6 Blocks to the East Coast Commissioner. As a result of this analysis, all profits earned have been transferred to Special Reserve, which now amounts to £19,891 35., this sum including the £3,000 referred to in our report of 2nd November, 1944.

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The balance in the Mangaotane Station Account of £5,735 18s. 4d. represents the amount expended on improvements since the blocks reverted to the Trust. We again express the opinion that in view of the involved circumstances surrounding the reversion to the East Coast Commissioner of Mangatu Nos. 5 and 6, the whole position should be investigated so that if you see fit, your approval of the creation of the Special Reserve and any other consents which may be required by law, may be obtained. General Reserve.—In accordance with the provisions of section 50 (1) of the Maori Purposes Act, 1947, all adjustments have now been completed. The balance of £32,608 ss. 3d. includes an amount of £2,861 18s. added to the reserve for the current year, less a reduction for interest reversed on sundry Natives of £2Bl 13s. Id. Statement Showing the Position of the Various Blocks.—The. Muriwai Boat Account amounting to £BO 17s. 2d. still appears in the above statement, but should, we think, be transferred to the block concerned. The Tolaga Bay Marae Account now stands at £904 ss. 9d. There are further expenses yet to be incurred before the marae is completed and the final amount involved transferred proportionately to the following blocks—namely, Mangaheia 2d, Paremata 3 and Paremata 64. The Tolaga Bay Potato Account, which amounts to £7B lis. 3d., still appears as a balance in the above statement, but should, we consider, be transferred to the blocks concerned. Unadjusted Expenditure, Oliver Tractor Account.—This account now amounts to £1,771 9s. 9d., and as there would appear to be no further transactions consideration should be given to the liquidation of this account. Station Accounts.—ln our report on the accounts for the year ended 30th June, 1948 we drew attention to the rearrangement of the stations comprising the Mangapoike Blocks group, and also the Tahora 2c 1, Seetion 3, Tahora 2c 2, Section 2, and Tahora 2c 3, Section 2 Blocks. At the 30th June, 1949, an apportionment of the profits earned by the stations for the year ended on that date has been made and transferred to the blocks concerned. We understand that the arrangement has been discussed with the representatives of the blocks and also with the East Coast Maori Trust Council who have given their approval to the scheme of apportionment. In deciding that the arrangement should commence in the year under review, it would appear that the adjustment of stock to standard values has been overlooked, but should, we think, be taken into consideration. During the year ending 30th June, 1950, the Commissioner proposes to carry out a system of reconstruction of the accounts of all the blocks in the Trust. Government valuations will be used as a basis of determining the value of improvements on all the farming properties. Valuations of the Wairoa County have not been completed, but as soon as these are available the whole position will be reviewed. If there is any necessity to vary the arrangements already made for the allocation of profits, this can be done together with any other adjustments that mav be necessary in the accounts for the vear ended 30th June, 1950. Subject to the foregoing remarks, we certify that, to the best of our knowledge and belief, the accounts signed by us are correct. We have, &c., Clarke, Menzies and Co., Public Accountants, Auditors.

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