G.—4

Income Account as at 30th June, 1943 £ s. d. £ s - d - Distribution 1.840 0 0 Rent received 706 11 2 Land-tax 716 Interest 261 910 Search fee 0 3 " Balance 1,0.0 14 5 Rates .. • • • • • • • • ok n 7 Management and office expenses . . • • .4o 6 7 £1,978 15 5 £1,978 15 6 MANGATU No. 3 Statement op Account foe the Year ended 30th June, 1943 £ s. d. Balance at credit at 30th June, 1942 .. 12,935 4 1 Credits £ s. d. Rent received .. .. 706 11 2 Int6reSt 1,197 11 2 14,132 15 3 Debits £ s. d. Distribution .. .. 1 > 840 0 0 Land-tax . . ■ • • • 7 16 8 Search fee . . • • • • 0 3 0 Management and office expenses .. 35 6 7 ao 1,883 6 3 Balance at credit at 30th June, 1943 .. •• £12,249 9 0 MANGATU No. 4 Statement of Account foe the Yeae ended 30th June, 1943. £ s. d. Balance at debit at 30th June, 1942 .. •• 5,865 8 2 Debits £ s. d. Rates . . . . • ■ • • 95 9 2 Interest 239 10 2 334 19 4 Balance at debit at 30th June, 1943 .. £6,200 7 6 The Hon. the Minister for Native Affairs, Wellington C. 1. 21st October ' 1943 ' We report that we have completed the audit of the accounts of the Mangatu Block No. 1 for the year ended 30th June, 1943, also the accounts of Mangatu Blocks Nos. 3 and 4 *or the same period. We attach hereto a set of the foregoing accounts, and have the following comments to make • Freehold Property.—We have not inspected the title deeds relative to the properties, and have accepted the certificate of the mortgagee, the District Public Trustee, that he is holding certain documents as security fox* advances The solicitors to the Trust have also certified that they are holding on behalf of the East Coast Commissioner the documents relating to the Mangatu Blocks which are not subject to mortgage. Stock.—We have accepted the numbers and values of live-stock on stations as at 30th June, •', certified by the Farm-managers and Mr. H. Svme, the Farm Supervisor. Distributions.- -Distributions are no longer being made by the Tairawhiti District Maori Land Board and are now being paid direct from the East Coast Commissioner's office. We have verified all payments in connection with distributions made during the year ended 30th June, 1943. _ , . Q IAI The amount distributed to the beneficiaries for the year under review amounted to £8,44J 8s iUd. New Station.- -Included in the year's accounts is a statement for Dome Station, being the property previously leased to the Heggarty Estate. wt a Mangatu Nos. 3 and 4.--These accounts are incorporated in the books of Mangatu No. 1 Block, separate Balance-sheet, Income Account, and supporting statements have been prepare . Subject to the foregoing remarks, we certify that to the best of our knowledge and belief the accounts signed bv us are correct. We have, &c., Claeke, Menzier, Griffin, and Co., Public Accountants, Auditors.

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