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1932. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1931, TO 30th JUNE, 1932.

Presented to both Houses of the General Assembly in -pursuance of Section id of the Native Pur-poses Act, 1931.

EAST COAST NATIVE TRUST LANDS.—ACCOUNTS AS AT 30th JUNE, 1932. Balance-sheet as at 30th June, 1932. Liabilities. Assets. £ s. d. Public Trustee— £ s. d. £ s. d. Freehold lands .. .. .. 365,418 15 4 Mortgages .. .. 73,880 12 6 Unpaid purchase-money on account sale Interest accrued .. 3,482 811 of freehold.. .. .. .. 4,836 15 0 77,363 1 5 Interest accrued, on value of fencing, MaraeBank of Australasia— taha 2, Sections 3 and 6 .. .. 24 0 0 Current account .. 28,376 19 4 Mangatu No. 1 .. .. .. 17,348 8 0 Interest accrued .. 383 11 9 Produce unrealized .. .. .. 5,687 14 7 28,760 11 1 Live-stock on stations.. .. .. 45,388 11 1 Tairawhiti District Maori Ad.va.nces to Natives on account rent, farm Land Board— profits, &o. .. .. .. 6,434 811 Current account .. 10,000 0 0 Sundry debtors on open ac- £ s. d. Interest accrued .. 99 14 6 count .. .. 2,738 17 4 10,099 14 6 Rent due and accrued .. 15,784 4 6 Rates accrued .. .. .. 2,665 11 8 18,523 110 Sundry creditors on open account .. 1,324 19 1 Advances to blocks on acAmount due to Natives on account count rent, &c. .. .. 739 2 1 purchase-money, rents, &c. .. .. 425 18 8 InvestmentsRent due and accrued.. .. .. 15,784 4 6 Gisborno Sheep-farmers' Amount at credit of blocks on account Frozen Meat and Mer-purchase-money, &c. .. .. 9,770 7 1 can tile Co., Ltd., shares 1,458 0 0 Bad Debt Reserve .. .. .. 12,497 5 6 Wairoa Farmers' CoBalance .. .. .. .. 309,997 17 6 operative Co., Ltd. .. 1,125 0 0 Williams and Kettle, Ltd. 262 10 0 G. H. Scales .. .. 15 0 2,846 15 0 Office furniture and fittings .. 72 0 0 Travelling plant .. .. 90 0 0 Afforestation Account .. .. 407 8 1 Dairy Cattle Account .. 690 11 1 Live-stock .. .. 189 0 0 879 11 1 £468,689 11 0 £468,689 11 0 Atjditoe's Certificate. I have audited the accounts of the East Coast Native Trust lands for the year ended 30th .Tune, 1932, 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, 6th December, 1932. l>. R. Memies, Chartered Accountant (Australia), Auditor.

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