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1941. NE W ZEAL A N I).

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1940, TO 30th JUNE, 1941.

Presented to both Houses of the General Assembly in pursuance of Section 40 of the Native Purposes Act, 1931.

EAST COAST NATIVE TRUST LANDS. Balance-sheet as at 30th June, 1941 Liabilities. Assets. £ s. d. £ s. d. £ a. d. Public Trustee — Freehold lands .. .. .. .. 367,511 4 1 Mortgages .. .. 08,200 0 0 Live-stock on stations .. .. .. 74,716 17 0 Interest .. .. . . 1,449 5 0 Sundry debtors— £ s. d. 09,649 5 0 On open account .. .. 8,944 14 3 Bank of New South Wales— Rent due .. .. 4,954 15 7 Current Account .. .. 3,047 15 5 — 13,899 910 Interest accrued .. .. 60 17 3 Advances to Natives on account — — 3,108 12 8 rents, &c. .. .. .. .. 8,490 14 1 Tairawhiti District Maori Land Ngapakira live-stock .. .. .. 1,346 10 0 Board—- Investments— Mortgage .. .. 5,000 00 Gisborne Sheep-farmers' Interest accrued .. .. 51 17 7 Frozen Meat and Mercantile 5,051 17 7 Co., Ltd., shares .. 1,458 0 0 State Advances mortgage .. .. .. 2,657 9 8 Hawke's Bay Farmers', Ltd., Mangatu No. 1 .. .. .. .. 1,927 3 7 shares .. .. .. 17 10 0 Rates accrued .. .. .. .. 650 4 11 Williams and Kettle, Ltd., Sundry creditors .. .. .. .. 6,541 6 5 shares .. .. .. 262 10 0 Amount due to Natives on account of Purchase- Common, Shelton, and Co., money, &c. .. .. .. . . 513 13 10 Ltd., shares .. .. 2 8 6 Amount at credit of blocks on account of purchase- G. H. Scales shares .. 15 0 money, &c. .. . . . . .. 10,506 111 War-loan .. .. 5,000 0 0 Rent due .. .. .. .. .. 4,954 15 7 £ s. d. Lindsay's store . . . . . . . . 94 19 7 Inscribed stock .. 6,520 19 9 Bad Debts Reserve .. .. .. .. 5,11128 Interest accrued .. 51 12 4 Balance .. .. .. .. .. 382,978 2 0 — 6,572 12 1 13,314 5 7 Office premisesSection .. .. 600 16 0 Building .. .. 3,262 2 7 3,862 18 7 Depreciation . . 214 14 8 3,648 3 11 Office furniture and fixtures .. .. .. 200 0 0 Travelling plant .. .. .. .. 1,060 0 0 Mill Suspense .. .. .. .. 3,326 18 9 Lindsay plant .. .. .. .. 84 15 7 Building materials .. .. .. .. 293 14 3 Wool unrealized .. .. 708 0 0 Produce unrealized . . .. 6,280 8 4 6,988 8 4 Less amount on account mutton, lamb, and beef unrealized 1,136 6 0 5,852 2 4 £493,744 15 5 • £493,744 15 5 Auditors' Certificate. We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1941, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister for Native Affairs. Clark, Menzies, Griffin, and Co., Wellington, 23rd September, 1941. Public Accountants, Auditors.

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