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EAST COAST MAORI TRUST LANDS Balance-sheet as at 30th June, 1948 Liabilities £ s. d. | Assets £ s. dState Advances Corporation: Half-share, mortgage office I Freehold lands .. .. .. .. .. 393,914 6 9 premises .. .. .. .. .. 820 7 7 j Live-stock on stations as per schedule .. .. 128,315 17 0 Bank of New South Wales— £ s. d. : Plant and furniture on stations .. .. .. 21,010 17 9 Current Account . . .. .. 91,798 13 4 j £ s. d. Interest accrued .. .. .. 995 7 0 Sundry debtors .. .. .. 8,821 16 2 92,794 0 4 | Rent due .. .. .. .. 2,140 5 8 Rates accrued .. .. .. .. .. 1,517 5 1 j 10,962 1 10 Sundry creditors .. .. .. .. .. 4,126 16 10 j Amounts due by sundry beneficiaries . . .. 12,670 0 0 Rent due .. .. .. .. .. 2,140 5 8 j Ngapakira live-stock .. .. .. 3,615 16 0 Amount at credit of various Block Distribution Accounts 9,435 16 0 j Investments— Special Reserve .. .. .. .. .. 2,460 17 2 Common, Shelton, and Co., Ltd. ... 2 8 6 Mangatu No. 1 .. .. .. .. .. 66,783 12 11 I Gisborne Sheep-farmers' Frozen Meat General Reserve .. .. .. .. .. 30,027 19 6 and Mercantile Co., Ltd., shares .. 364 10 0 Balance .. .. .. .. .. .. 394,630 9 10 Geo. H. Scales, Ltd. .. .. 15 0 Hawke's Bay Farmers' Co-operative Association, Ltd. .. .. 17 10 0 Williams and Kettle, Ltd. .. 262 10 0 648 3 6 Office premises— £ s. d. Half-share section .. 300 0 0 Half-share building .. 1,712 12 7 2,012 12 7 Less depreciation .. .. 278 12 8 1,733 19 11 Building requisites .. .. 708 7 8 Building plant .. .. .. 77 1 3 758 8 11 Store premises .. .. .. .. .. 85 19 1 Mangapoike 2a 3 and 2d Joint Venture Mill Account . . 16,880 12 11 Office furniture and fixtures . . .. .. .. 300 0 0 Unadjusted expenditure: Oliver Tractor Account .. 1,530 6 3 Produce unrealized .. .. .. .. 6,452 1 0 Travelling plant .. .. .. .. .. 3,414 0 0 Truck transport .. . . .. .. . . 1,250 0 0 Wool unrealized .. .. .. .. .. 1,168 0 0 £604,737 10 11 J £604,737 10 11 Auditors' Certificate We have audited the accounts of the East Coast Maori Trust lands for the year ended 30th June, 1948, and our report on the audit of the accounts is contained in letter of even date to the Right Hon. the Minister of Maori Affairs. Wellington, New Zealand, 11th October, 1948. Clarke, Menzies, and Co., Public Accountants, Auditors.

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