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EAST COAST MAORI TRUST LANDS —continued Statement of Accounts as at 30th June, 1948 MANGAPOIKE 2a 3 and 2d JOINT VENTURE MILL ACCOUNT Debits £ s. d. £ s. d. £ s. d. Mill buildings .. .. .. .. .. 408 7 9 Mill-manager's house .. .. .. .. 600 0 0 1,008 7 9 Mill plant .. . . . . .. .. 2,150 2 1 Mill transport plant . . .. .. .. 7,800 0 0 9,950 2 1 10,958 9 10 Mill working .. .. .. .. .. .. 30,078 5 7 Mangapoike 2a 3 Timber Account: Logging and transport .. 13,477 14 6 Mangapoike 2d Timber Account: Logging and transport .. 8,714 19 10 Depreciation .. .. .. .. .. .. 5,911 6 2 58,182 6 1 69,140 15 11 Credits Timber sold .. .. .. .. .. 49,375 8 10 Timber on hand .. .. .. .. 736 5 6 50,111 14 4 Unsawn logs on hand .. .. .. .. .. 2.148 8 8 52,260 3 0 Balance at debit at 30th June, 1948 .. .. .. .. .. .. £16,880 12 11 UNADJUSTED EXPENDITURE : OLIVER PLOUGH ACCOUNT Debits £ s. d. Balance at debit at 30th June, 1947 .. .. .. . - .. 2,051 19 1 £ s. d. Repairs and running-expenses .. .. .. .. .. 109 8 1 Interest .. .. .. .. .. .. 85 4 1 — 194 12 2 2,246 11 3 Credits Use of plant .. .. .. .. .. .. 86 5 0 Sale of plant .. .. .. .. .. .. .. 630 0 0 716 5 0 Balance at debit at 30th June, 1948 .. .. .. .. .. £1,530 6 3

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