G.-4,

MANGATU Nos. 3 and 4, Balance-sheet as at 30th June, 1941. Assets. Liabilities. £ s. d. Freehold property— £ s. d. £ s. d Capital Account .. .. .. .. 29,640 0 0 Mangatu No. 3 .. .. 21,640 0 0 £ s. d. Mangatu No. 4 .. .. 8,000 0 0 Incomo Account .. .. 10,064 13 8 29,640 0 0 Less Debit Revenue Account 2,744 5 7 Mangatu No. 1 .. .. .. .. 6,200 12 6 7,320 8 1 Improvements— Fencing .. .. .. 577 18 7 Survey .. .. .. 541 17 0 — 1,119 15 7 £36,960 8 1 £36,960 8 1 Auditors' Certificate. We have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 30th June, 194-1, and our report on the audit of the accounts is contained in our letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Grippin, and Co., Public Accountants, Auditors. Wellington, 23rd September, 1941.

Income Account as at 30th June, 1941. £ s. d. £ s. d. £ s. d. £ s. d. Donation Provincial Patriotic Fund 50 0 0 Rent received .. .. 706 11 2 Land-tax .. .. .. 716 8 Purchase-price of timber rights 10,000 0 0 Rates .. .. . • 86 11 0 Interest .. .. .. 156 5 5 Compiling list of owners .. 7 17 6 10,862 16 7 Survey and report re timber .. 75 0 0 Legal expenses re timber .. 10 11 2 Amount transferred Te Reinga Mill 500 0 0 Management .. .. 60 6 7 798 2 11 Balance .. .. • • • • ■ • 10,064 13 8 £10,862 16 7 £10,682 16 7

MANGATU No. 3. Statement op Accounts fok the Year ended 30th June, 1941. £ s. d. Balance at credit at 30th June, 1940 .. .. 10,648 7 4 Credits. £ s. d. Rent received .. .. .. 706 11 2 Interest .. .. .. .. 496 11 0 1,203 22 11,851 9 6 Debits. Land-tax .. .. .. 7 16 8 Donation: Patriotic Maori Queen .. 50 0 0 Management and office expenses .. 35 6 7 93 3 3 Balance at credit at 30th June, 1941 .. .. £11,758 6 3 MANGATU No. 4. Statement of Accounts, fob the Year ended 30th June, 1941. £ s. d. Balance at debit at 30th June, 1940 .. .. 14,512 8 6 Debits. £ s. d. Rates .. .. .. .. 86 11 0 Interest .. .. .. .. 340 5 7 Compiling list of owners .. .. 717 6 Survey and report on timber .. 75 0 0 Legal expenses re timber .. .. 10 11 2 Transferred to Te B,einga Mill .. 500 0 0 Management and office expenses .. 25 0 0 1,045 5 3 15,557 13 9 Credits. Purchase-price of timber rights .. .. 10,000 0 0 Balance at debit at 30th June, 1941 .. .. £5,557 13 9

2—G. 4.

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