Gr.—4

1935. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1934, TO 30th JUNE, 1935.

Presented to both Houses of the General Assembly in -pursuance of the Native Purposes Act, 1931.

MANGATU No. 1. Balance-sheet as at 30th June, 1935. Liabilities. Assets. Public Trustee — £ s. d. £ s. d. £ s. d. £ s. d. General mortgage No. 1 .. .. 24,286 6 3 Freehold property .. .. .. 301,589 13 9 General mortgage No. 2 .. .. 26,951 5 0 Roads Account .. .. 2,092 5 1 Pukutarewa mortgage .. .. 15,000 0 0 Survey Account .. .. 287 8 6 Wairere mortgage .. .. .. 50,000 0 0 — —— 2,379 13 7 Bank of Australasia— Fencing Account .. .. .. 116 7 0 Current Account ' .. .. 7,519 12 11 Advances — Interest accrued .. .. 80 0 0 Sundry blocks .. .. 533 16 5 — : 7,599 12 11 Royal Commission .. .. 1,899 511 Native Trustee— Owners' appeal .. .. 859 5 9 Mortgage Account .. .. 20,000 0 0 Advances to owners .. 3, 443 11 2 Interest accrued .. .. 197 5 3 6,735 19 3 20,197 5 3 Mangatu Nos. 3 and 4 .. .. 3,189 7 2 Foster Trustees — Sundry debtors .. .. 3,685 15 0 Mortgage Account .. .. 1,600 0 0 Rent outstanding .. .. 2,375 1 0 Interest accrued .. .. 16 0 0 6,060 16 0 -— 1,616 0 0 Investments — East Coast Commissioner .. .. 13,457 8 9 Poverty Bay Farmers' Meat Co., Rates accrued .. .. . . ■ . 430 15 4 Ltd. (shares) .. . . 5 0 0 Sundry creditors .. .. . . • • 396 1 8 Williams and Kettle, Ltd. Mangatahu Station Current Account .. .. 40,423 1 8 (shares) .. .. .. 35 0 0 Wairere Station Current Account .. .. 5,731 18 7 40 0 0 Distribution accounts— £ s. d. Mangatahu live-stock .. .. .. 8,084 10 0 No. 1 .. .. •• 1,655 411 Wairere live-stock .. .. .. 14,408 0 0 No. 3 .. .. .. 350 10 10 Okaihau Station .. .. 16,715 3 5 — 2,005 15 9 Live-stock .. .. .. 2,943 0 0 Capital Account 206,785 13 0 19,658 3 5 Income Account .. . . .. . . 7,000 19 5 Pukutarewa Station .. . . 14,954 10 11 Live-stock .. .. .. 7,260 4 0 22,214 14 11 Waitangirua Station .. .. 15,31117 5 Live-stock .. .. .. 3,874 6 0 19,186 3 5 Waikakariki Station .. .. 14,759 3 4 Live-stock .. .. .. 1,950 4 0 16,709 7 4 Office furniture and fittings .. .. .. 15 15 0 Wool unrealized (less advances) .. .. 1,469 2 9 Produce unrealized (seed on hand) .. .. 24 10 0 £421,882 3 7 £421,882 3 7 Auditors' Certificate. We have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 30th June, 1935, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Ross, Wellington, N.Z., 2nd October, 1935. Public Accountants, Auditors. Income Account as at 30th June, 1935. Expenditure. Income. £ s. d. £ s. d. £ s. d. By Balance .. .. .. .. .. 6,452 810 To Distribution to beneficiaries .. 2,111 5 0 Rent .. .. .. .. .. 7,834 12 4 General expenses .. ■ • 233 1 9 Dividend .. .. .. . . 110 0' Land-tax .. .. . • 294 17 8 Legal expenses .... 17 6 6 Commission • • • • 109 9 5 Interest .. .. •. 4,458 8 1 Management and office expenses 63 3 4 7,287 11 9 Balance.. .. .. •• -• 7,000 19 5 £14,288 11 2 £14,288 11 2