3

Q.—4

Wool Account. £ s. d. I £ s. d. To 90 bales wool unrealized, 31st March, By Bank of Australasia,—Advance against 1921 .. .. .. .. 900 0 0 (Hi bales wool, " Ruapehu" less Insurance on wool .. .. .. 719 6 charges £51 125.) .. .. 234 8 0 Farm Account .. .. .. 33 12 0 112 bales wool unrealized .. .. 080 0 0 Insurance on wool refunded .. 2 0 0 Advance against Produce Account (8 bales wool) .. .. .. 25 4 0 £941 12 0 i £941 12 0 Live-stock on Farm at, ■list. March, 1922. £ s. d. Sheep, 4,530, valued at .. .. .. 3,005 10 0 Cattle, 180, valued at .. .. .. 098 0 0 Horses, 6, valued at .. . . .. 3(1 0 0 £3,733 10 0 Auditor's Certificate. I have audited the accounts of Mangatu No. .1 Block, East Coast Native Trust lands, for the year ended 31st March, 1922, and my report on the audit of the accounts is contained in my lottor of even date, to the Minister of Native Affairs. Arthur T. Clarke, A.C.A., Auditor. Wellington, 21st August, 1922. MANGATU Nos. 3 AND 4. Balance-sheet as at 31st March, 1922. Liabilities. Assets. £ s. d. Freeholds— £ s. d. £ s. d. Mortgage Account—Foster's trustees .. 1,000 0 0 Mangatu No. 3 .. 21,640 0 0 Mangatu No. 1 .. .. .. 3,408 12 5 Mangatu No. 4 .. 18,000 0 0 Accrued rates and interest .. .. 207 17 2 39,040 0 0 Capital Account .. .. .. 39,04(1 0 0 Improvements— Fencing .. .. 1018 7 Survey charges .. 541. .1.7 0 703 5 7 Revenue Account .. 4,175 1 0 Add Income Account (3 1 st March, 1922) .. 338 2 0 4,513 4 0 £44,850 9 7 £44,856 9 7 Income Account for the Year ended 31st March, 1922. £ s. d. i £ s. d. To Land-tax .. .. .. .. 40 4 2j By Rent .. .. .. .. 163 11 2 Rates .. .. .. .. 107 18 0 ' Balance .. .. .. .. 338 2 0 Interest .. .. .. ..293 10 0 £501 13 8 j £50.1. 13 8 Auditor's Certificate. I have audited the Accounts of Mangatu Blocks 3 and 4, East Coast Native Trust lands, for the year ended 31 st March, 1922, and my report on the audit of the accounts is contained in my letter of even date, to the Minister of Native Affairs. Arthur T. Clarke, A.C.A., Auditor. Wellington, .21st August, 1922. Wellington, 21st August, 1922. The Hon. the, Minister of Native Affairs, Wellington. Sir, — I have the honour to report that I have completed the audit of the accounts of Mangatu Block No. 1, East Coast Native Trust lands, for the year ended 31st March, 1922, also the, accounts of Mangatu Blocks 3 and 4 for a similar period, and now have jileasure in enclosing copies of same. I would make the following comments in connection with these accounts. The balance of principal due by Mangatu Block No. 1 to the Public Trustee has been reduced to £41,151 12s. 9d. as at 31st March, 1922. There is also on account of rents in hand a sum of £3,070 17s. which was to be further applied in reduction of the principal in April last. Land-tax for the years 1920-21 and 1921-22 is not included in the accounts, and the matter is still in abeyance. You will notice there is an amount of £712 13s. 2d. under the heading of " Suspense Account." This amount was recovered from the estate, of the late T. P. Tait, and it is expected that within the present twelve months a further amount will be received. This amount is being held in suspense pending a decision as to the treatment in the accounts of certain capital charges.