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MANGATU Nos. 3 and 4 Balance-sheet as at 30th June, 1946 Liabilities £ s. d. Assets Capital Account .. .. 29,640 0 0 Freehold property—- £ s. d. £ s. d. £ s. d. Revenue Account 6,173 15 10 Mangatu No. 3 21,640 0 0 Less balance 1,816 8 9 Mangatu No. 4 8,000 0 0 4,357 7 1 29,640 0 0 Mangatu No. 1 .. .. 3,237 11 6 Improvements— Fencing .. 577 18 7 Survey .. 541 17 0 1,119 15 7 £33,997 7 1 £33,997 7 1 Auditors' Certificate We have audited the accounts of the Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 30th June, 1947, and our report on the audit of the accounts is contained in our letter of even date to the Bight Hon. the Minister of Native Affairs. Clarke, Menzies, and Co., Public Accountants, Auditors. Wellington, New Zealand, 13th November, 1947. Income Account as at 30th June, 1947 £ s. d. £ s. d. £ s. d. £ s. d Distributions .. 2,944 0 0 Rent received .. 1,239 18 9 Rates .. .. 117 8 4 Royalty on timber 26 2 7 Legal expenses .. 55 15 4 Royalty on battens 9 0 0 Fees and expenses Refund Part debush survey .. 41 1 0 posit appeal re Half cost cutting Committees .. 912 0 boundary line Interest .. 144 2 1 between Man- 1,428 15 5 gatu Nos. 1 and Balance .. .. .. 1,816 8 9 4 Blocks .. 24 19 7 Management and office expenses 61 19 11 3,245 4 2 £3,245 4 2 £3,245 4 2

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