G.—3

1944 NEW ZEALAND

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, 1944 Liabilities Assets Public Trustee— £ s. d. £ s. d. ■ £ s. d. Mortgages .. .. 44,200 0 0 Freehold lands .. ... .. .. 367,487 14 1 Interest .. .. .. 937 5 8 Live-stock on stations .. .. .. 70,614 16 0 45,137 5 8 Plant and furniture on stations .. .. 8,025 16 3 State Advances — Mangatu No. 1 Current Account .. .. 2,516 4 11 Half-share of mortgage office premises .. 1,128 510 £ s. d. Bank of New South Wales— Sundry debtors on open account 4,347 14 4 Current Account .. 2,488 18 3 Rent due .. .. 4,081 11 10 Interest accrued .. .. 80 19 3 8,429 6 2 2,569 17 6 Advances to Natives on account rent, purchaseRates accrued .. .. .. .. 644 4 11 money, &c. .. .. .. .. 9,290 14 3 Sundry creditors .. .. .. ... 2,784 7 7 Ngapakira live-stock .. .. .. 3,301 18 0 Amount due to Natives on account of purchase- Investments— money, &c. .. .. .. .. 992 6 6 Gisborne Sheep - farmers' Amount at credit of various blocks on account of Frozen Meat and Mercantile purchase-money, &c. .. .. .. 10,826 2 3 Co., Ltd. : Shares .. 1,458 0 0 Rent duo .. .. .. .. .. 4,081 11 10 Hawke's Bay Farmers, Ltd. : Lindsay Store .. .. .. .. 354 0 8 Shares .. .. 17 10 0 Bad Debts Reserve Account .. .. .. 12,737 10 4 Williams and Kettle, Ltd.: Special Reserve Account —■ Shares .. .. 262 10 0 Mangatu 5 and 6 .. .. 2,926 4 4 Common, Shelton, and Co., Less amount transferred .. 529 4 9 Ltd. : Shares .. 2 8 6 2,396 19 7 G. H. Scales: Shares .. 15 0 Balance .. .. .. .. .. 433,338 15 2 1,741 13 6 War loans— £ s. d. Stocks and bonds .. 16,800 0 0 Wool (inscribed stock) .. 3,345 0 0 20,145 0 0 Interest accrued 58 18 4 20,203 18 4 Inscribed stock 6,520 19 9 Interest accrued 51 12 4 6,572 12 1 28,518 3 11 Office premises— Half-share of section .. 300 0 0 Half-share of building .. 1,631 9 3 1,931 9 3 Depreciation Reserve .. 180 15 4 1,750 13 11 Office furniture and fixtures .. .. .. 225 0 0 Travelling plant .. .. .. .. 575 0 0 Plant trucks .. .. .. .. 625 0 0 Mahurangi Mill Account .. .. .. 6,023 3 5 Hangaroa Timber Account .. .. .. 1,206 18 7 Lindsay plant .. .. .. .. 137 6 11 Building-materials .. .. .. 256 18 1 Wool unrealized .. .. .. .. 3,544 0 0 Produce unrealized .. .. .. .. 3,316 15 10 Station requisites on hand .. .. .. 303 11 5 Oliver tractor and machinery .. .. 842 6 1 £51.6,991 7 10 £516,991 7 10 Auditors' Certificate We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1944, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister for Native Affairs. Clarke, Menzies, Criffin, and Co., Wellington, New Zealand, 2nd November, 1944. Public Accountants, Auditors.

EAST COAST NATIVE TRUST LANDS BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOll THE PERIOD Ist JULY, 1943, TO 30th JUNE, 1944