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1929. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st APRIL, 1928, to 30th June, 1929.

Presented to both Houses of the General Assembly in 'pursuance of Section 14 of the Mangatu No. 1 Empowering Act, 1893.

MANGATU No. 1. Balance-sheet as from Ist April, 1928, to 30th June, 1929. Assets. Liabilities. £ s. d. £ s. d. Public Trustee — £ s. d. £ s. d. Freehold property .. .. 301,696 0 0 General mortgage .. 37,600 5 10 Roads Account .. .. 2,092 5 1 Interest accrued .. 222 10 2 Survey Account .. 287 8 6 37,822 16 0 ' 2,379 13 7 Pukutarewa mortgage .. 15,000 0 0 Fencing Account .. .. 116 7 0 Interest accrued .. 256 8 9 Advances— 15,256 8 9 Sundry blocks .. 443 19 8 Wairere mortgage .. 50,000 0 0 Distribution Acco u nt Interest accrued .. 739 14 6 No. 1 .. .. 304 0 0 50,739 14 6 Royal Commission .. 1,679 10 4 Wi Pere mortgage .. 29,192 10 0 Owners' appeal on aeInterest accrued .. 145 19 3 count of Blocks 1 29,338 9 3 and 4 .. .. 714 12 11 Native Trustee—- Advances to owners .. 5,770 10 1 Mortgage Account .. 20,000 0 0 8,812 13 0 Interest accrued .. 236 14 3 Mangatu Nos. 3 and 4 .. .. 3,396 12 2 20,236 14 3 Sundry debtors .. .. 772 15 5 Bank of Australasia— Rent outstanding .. .. 642 0 10 Current Account .. 14,292 18 9 Investments — Interest accrued .. 193 2 10 Poverty Bay Farmers' 14,486 1 7 Meat Co., Ltd. (shares) 5 0 0 Foster Trustees— Williams and Kettle, Interest accrued .. .. 19 4 0 Ltd. (shares) .. 35 0 0 Rates accrued .. .. .. 9 15 11 — 40 0 0 Sundry creditors .. .. 2,71811 7 Mangatahulive-stock .. .. 7,084 0 0 Mangatahu Station Current Account 22,531 .15 0 Okaihau Station .. 10,019 6 8 Distribution Accounts .. .. 843 16 5 Live-stock .. .. 1,713 0 0 Capital Account .. .. 206,785 13 0 11,732 6 8 Income Account .. .. 1,070 12 0 Pukutarewa Station .. 13,605 14 7 Live-stock .. .. 5,822 2 0 — 19,427 16 7 Waitangirua Station .. 8,185 12 11 Live-stock .. 4,260 8 0 -—— 12,446 0 11 Wairere Station.. .. 4,981 3 2 Live-stock .. .. 14,493 11 0 19,474 14 2 Waikakariki Station .. 5,501 8 1 Live-stock .. .. 2,495 0 0 7,996 8 1 Office furniture and fittings .. 15 15 0 Produce unrealized .. .. 5,826 8 10 £401,859 12 3 £401,859 12 3 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1929, and my report on the audit of the accounts is contained in my letter of even date to the Hon. the Minister of Native Affairs. Wellington, 13th September, 1929. D. R. Menkes, Chartered Accountant (Aust.), Auditor.

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