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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts as at 30th June, 1946— continued MANGAPOIKE MILL : LAW'S BUSH ACCOUNT Credits £ s. d. Timber sold .. .. .. .. .. .. .. .. 4,551 2 1 Interest .. .. .. .. .. .. .. .. .. 30 1 0 4,581 3 1 Debits Purchase-price of bush — £ s. d. £ s. d. Paid .. .. .. .. .. .. 450 0 0 Unpaid .. .. .. .. .. .. 225 0 0 675 0 0 Construction of road, gates, and bridges .. .. .. .. 316 6 7 Cartage .. .. .. .. .. .. .. 28 510 " Felling and delivering logs to mill .. .. .. .. 1,341 17 10 Milling charge .. .. .. .. .. .. 1,030 811 Workers' compensation insurance .. .. .. .. 21710 Cartage and railage of sawn timber . . .. .. .. 326 13 4 3,721 10 4 Balance at credit at 30th June, 1946 .. .. .. .. .. .. £859 12 9 Statement of Account fob Year ended 30th, June, 1946 UNADJUSTED EXPENDITURE, OLIVER TRACTOR ACCOUNT Debits £ s. d. Balance at debit at 30th June, 1945 .. .. .. .. .. .. 1,162 13 6 £ s. d. Wages .. .. .. .. .. .. .. 246 14 10 Benzine, oil, &c. .. .. .. .. .. .. 204 8 8 Repairs and running-expenses .. .. .. .. .. 328 10 8 Insurance .. .. .. .. .. .. .. 16 14 1 Hire of tractor .. .. .. .. .. .. 33 18 9 Purchase of truck .. .. .. .. .. .. 135 0 0 Interest .. . . - . .. .. .. .. 55 14 10 1,021 1 10 2,183 15 4 Credits Sale of Maxwell truck . . .. .. .. .. .. 45 0 0 Amounts collected for ploughing, &c. .. .. .. 401 8 0 446 8 0 Balance at debit at 30th June, 1946 .. ~ .. .. .. .. £1,737 7 4

17th March, 1947. The Right Hon. the Minister for Native Affairs, Wellington. Sir, — We report that we have completed the audit of the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1946, and attach a set of the accounts. We have the following comments to make : Freehold Property. —We have not inspected the title deeds relative to the properties of the Trust, but have accepted certificates from the mortgagees —namely, the State Advances Corporation —that they are holding certain documents as security for advances. The solicitors to the Trust have certified that they are holding on behalf of the East Coast Commissioner the documents relating to the properties of the Trust which are not subject to mortgage.

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