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MANGATU Nos. 3 and 4. Balance-sheet as at 30th June, 1939. Liabilities. Assets. £ s. d. Freehold properties. £s. d. £ s. d. Mangatu No. I .. .. .. .. 3,352 4 7 Mangatn No. 3 .. .. 21,640 0 0 Capital Account .. .. .. .. 39,640 0 0 Mangatu No. 4 .. .. 18,000 0 0 39,640 0 0 Improvements— £ s. d. Fenoing .. 577 18 7 Survey .. 541 17 0 1,119 15 7 Revenue Account 2,626 1 1 Less balance, Income Account .. 393 12 1 — 2,232 9 0 3,352 4 7 £42,992 4 7 £42,992 4 7 Auditors' Certificate. We have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 30th June, 1939, and our report on the audit of the accounts is contained in our letter of even date to the Bight Hon. the Minister for Native Affairs. Clarke, Menzies, Griffin, and Co., Bublic Accountants, Auditors. Wellington, 15th September, 1939. Income Account as at 30th June, 1939. £ s. d. £ s. d. £ s. d. Interest .. .. .. .. 152 15 2 Rent collected .. .. .. .. .. 706 11 2 Rates .. .. .. .. 92 0 8 Land-tax .. .. .. .. 7 16 8 Management and office expenses .. 60 6 7 312 19 1 Balance .. .. .. .. .. 393 12 1 £706 11 2 £706 11 2 MANGATU No. 3. Statement of Accounts for the Year ended 30th June, 1939. £ s. d. Balance at credit at 30th June, 1938 .. .. 9,318 3 0 Credits. £ s. d. Rent collected .. .. .. 706 II 2 Interest .. .. .. .. 437 12 5 1,144 3 7 10,462 6 7 Debits. Land-tax .. .. .. .. 7 16 8 Management and office exponses .. 35 6 7 43 3 3 Balance at credit at 30th June, 1939 .. .. £10,419 3 4 MANGATU No. 4. Statement of Accounts for the Year ended 30th June, 1939. £ s. d. Balance at debit at 30th June, 1938 .. .. 13,063 19 8 Debits. £ s. d. Rates .. .. .. .. 92 0 8 Interest .. .. . . .. 590 7 7 Management and office expenses .. 25 0 0 707 8 3 Balance at debit at 30th June, 1939 .. .. £13,771 711

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