EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1924.

Appendix to the Journals of the House of Representatives, 1924 Session I, G-04a

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1924. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1924.

Presented to both Houses of the General Assembly in pursuance of Section 14 of the Mangatu No. 1 Empowering Act, 1893.

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MANGATU No. 1. Balance-sheet as at 31st March, 1924. Liabilities. Assets. Public Trustee— £ s. d. £ s. d. £ s. d. £ s. d. Mortgage Account ..49,033 9 1 Freehold property.. .. .. 195,237 0 0 Less amount on hand on Roads .. .. .. 2,092 5 1 account of rents .. 2,541 1 5 Survey expenses .. .. 287 8 6 46,492 7 8 2,379 13 7 Mortgage Account (Puku- Advances — tarewa) .. .. 15,000 0 0 Waingaromia and RangaInterest accrued .. 32 1 0 tira .. .. .. 10,492 18 7 15,032 1 0 W. L. Roes .. .. 1,024 1 1 Bank of Australasia — Sundry blocks .. 326 0 9 Mortgage Account .. 10,000 0 0 Owners in Mangiitu No. I 4,528 4 J Interest accrued .. 299 3 7 Distribution Account .. 304 0 0 10,299 3 7 Owners on account of Royal Current Account .. 12,127 0 11 Commission .. .. 1,118 11 0 Interest accrued .. 290 14 8 Owners' appeal on account 12,417 15 7 of Blocks Nos. 1 and 4.. 524 14 7 Native Trustee— 18,918 10 1 Mortgage Account .. 20,000 0 0 Valuation and Arbitration Interest accrued .. 582 6 7 Account. .. .. .. 66 5 0 20,582 6 7 Sundry debtorsMoney advanced by way of On Open Account .. 3,947 0 3 loan — Outstanding rents .. 1,776 16 9 Mangatu Nos. 3 and 4 5,723 17 0 Blocks .. .. 4,262 14 5 Investments Interest on same .. 261 13 3 Poverty Bay Farmers' 4,524 7 8 Meat Company (Li- £ Sundry creditors on Open Account .. 1,651 13 4 mitcd) .. .. 500 Capital Account .. .. .. 159,471 6 3 Less amount written oil .. ..495 5 0 0 Williams and Kettle (Limited), (shares) .. 35 0 0 40 0 0 Pukutarewa Farm Account.. 10,671 2 1 Live-stock .. .. 5,721 7 0 16,392 9 1 Waitangirua Farm Account 3,615 11 6 Live-stock .. .. 4,774 1 0 8,389 12 0 Wairere Farm Account .. .. 50 0 0 F. M. Cleary Imprest Account .. 50 0 0 Mangatahu Farm Account .. 6,108 15 1 Live-stock .. .. 8,814 Hi 0 14,923 11 1 Office furniture .. .. .. 15 15 0 Produce unrealized — Waitangirua —Wool .. 778 16 2 Pukutarewa — Wool .. .. 35 9 10 Mutton .. .. 273 15 0 Mangatahu— Wool .. .. 1,649 6 1 Mutton .. .. 732 15 0 3,470 2 1 Income Account .. .. .. 4,814 6 3 £270,471 1 8 £270,471 1 8 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust lands, for the year ended 31st March, 1924, and my report on the audit of the accounts is contained in my letter of even date to the Hon. the Minister of Native Affairs. Wellington, 15th September, 1924. Arthur T. Clarke, Auditor.

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Statements op Account for the Year ended 31st March, 1924. Waitangirua Farm. £ a. d. £ s. d. £ s. d. £ s. d. Salary and allowance (Farm Balance at credit, 31st Manager) .. .. 305 0 0 March, 1923, Farm Ac- Insurance .. .. 41 19 5 count .. .. .. 1,148 13 0 Rates .. .. .. 144 15 3 Furniture Account, trans- Cartage, railage, and chaff 101 2 6 ferred Ist April, 1923 .. 110 9 9 Sundry accounts .. 16 6 1 Shearing-machines and Plant Building .. .. 37 17 11 Account, Ist April, 1923 364 9 1 Shooing and repairs .. 22 11 6 Improvements Account, Ist Fellmongery charges .. 36 11 3 April, 1923 .. .. 3,124 5 8 Fencing .. .. 43 16 5 Live-stock Account, Ist Management and office exApril, 1923 .. .. 4,950 12 0 penses .. .. 334 2 5 Balance .. .. .. 7,401 3 0 Interest .. .. 1,228 12 7 4,587 6 4 £8,549 16 6 _____ 24,864 7 10 £ s. d. Credits. Balance at debit, Ist April, 1923 .. 7,401 3 6 Surplus on wool unrealized, 1 31st March, 1923 .. 212 17 4 Debits £ s d Sheep and mutton sold .. 3,619 6 8 Sheep bought .. ..'1,456 15 10 Cattle sold _ .. .. 1,619 9 8 Cattle bought .. .. 11 0 0 Advances against wool .. 1,281 18 8 Horses bought .. .. 74 10 0 ' Wool sold .. 716 18 (i Salary, wages, and droving 982 li 3 ' skll,H > l"' ltK ; a " d »* • • 108 410 Insurance 38 14 9 Wool unrealized, 31stMaroh, Petty expenses .. .. 619 3 * 924 '' ~ 7 " J ' M t % l Stores .. -232 12 8 Mutton unrealized .. 732 15 0 Railage, cartage, and chaff 172 14 7 9 ' 940 16 9 Station requisites ' '.'. 170 15 5 Balance at debit, 31st March, 1924 £14,923 11 1 Scrub-cutting .. .. 110 0 3 . ~ " "™" Fencing 551 15 1 Live-stock on farm, 31st March, 1924— Telephone '.'. .. 21 17 1 „, A , .*„■• d - Kates .. .. 385 14 2 7,004 sheep .. .. 5,689 6 0 Plant and implements '.'. 37 18 2 884 cattle .. .. 3,050 10 0 Building .. .. 67 14 9 12 horses 75 0 0 Shoeing and repairs .. 52 14 0 Shearing and wool charges 163 19 6 t8,814 lb U Legal expenses .. .. 35 13 0 Interest .. .. 1,160 17 6 Management and office ex- PUKUTAREWA Farm. penses .. .. 188 11 11 Debits. 6.171 17 £ s. d. £ s. d. Compensation to lessee for 13,572 4 7 improvements, 3,500 acres Credits. at £2 15s. .. .. .. 9,625 0 0 Surplus on wool £ s. d. Sheep bought .. .. 11,635 19 3 unrealized, Cattle bought .. .. 2,267 13 6 31st March, Horses bought .. .. 248 10 0 1923— Plant and tools .. .. 161 18 9 Realized ..189 8 2 Wages and droving .. 267 13 0 Valued at .. 92 0 0 Post-splitting and fencing.. 204 12 6 97 8 2 Legal expenses .. .. 118 0 3 Wool sold .. .. 124 4 6 Station requisites .. 21 7 7 Advances against wool .. 663 8 (i Cartage and railage .. 11 2 3 Wool unrealized, 31st March, Grazing.. .. .. 28 19 4 1924.. .. .. 778 16 2 Fire insurance .. .. 2 9 7 Sheep sold .. .. 3,160 7 11 Rates .. .. .. 49 12 4 Cattle sold .. .. 197 9 0 Committee oxpensos .. 617 6 Skins and pelts .. .. 63 17 10 Seed (turnip) .. .. 210 9 Stores sold .. .. 47 19 4 Sundry expenses .. 5 13 6 Meat sold .. .. 10 8 Interest .. .. 486 17 8 Waikohu County Council— Management and office exWages refunded .. 42 0 0 penses .. .. 150 16 1 5,182 12 1 15,670 13 10 Balance at debit, 31st March, 1924 .. £8,389 12 0 25,295 13 10 ——■ Credits. Sheep sold .. .. 7,568 0 1 Live-stock on farm, 31st March, 1924— Cattle sold .. .. 1,023 2 4 £ »■ d - Harness sold . . .. 217 6 4,776 sheep.. .. 3,19311 0 Wool unrealized .. .. 35 910 321 cattle .. .. 1,485 10 0 Mutton unrealized .. 273 15 0 19 horses .. 95 0 0 8,903 4 9 £4,774 1 0 Balance at debit, 31st March, 1924 £16,392 9 1 Live-stock on farm, 31st March, 1924— Mangatahu Farm. , „ „, , ,1' ,', £ s( | 3,230 sheep .. .. 3,614 17 0 Balance at debit, 31st March, 1923 .. 20,277 l' 6 445 cattle .. .. 1.91110 0 18 horses.. .. 195 0 0 Debits. £ s. d. —J Sheep bought .. .. 443 2 (i £5,721 7 U Cattle bought .. .. 686 0 0 • ==.= Horses bought .... 55 0 0 „ _ ~, . Plant and tools .. 22 10 0 Wairere Farm.— Preliminary Expenses Account. Wages and droving .. 470 12 6 Preliminary expenses—Management and Shearing and wool charges 253 15 9 office expenses .. .. .. £50 0 0 Station requisites .. 129 1 11 =i Stores .. .. .. 214 8 4 Balance at debit, 31st March, 1924,

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Statements op Account por the Year ended 31st March, 1924 — continued. Income Account. Credits. £ s. d. £ s. d. £ s. d. Balance at debit, 31st March, 1923 .. 10,211 10 8 Rents .. .. .. 9,027 14 11 Dividend .. .. 2 2 0 Debits. £ s. d. Surplus of land-tax accrued, Interest .. .. 2,932 5 11 31st March, 1923, £3,454 Commission .. .. 225 6 3 17s. lid. ; less assessments Rates .. .. .. 05 56 amendodandpaid, Maori Soldiers' Fund .. 586 13 6 1921-22, 1922-23,1923-24, Legal expenses .. .. 149 1 4 £2,889 Bs. lid. .. 565 9 0 Travelling-expenses and fees 9,595 5 11 (committee) .. .. 54 9 0 Office and general expenses 185 0 0 Balance at debit, 31st March, 1924 £4,814 6 3 4,198 1 6 ======== 14,409 12 2 MANGATU Nos. 3 AND 4. Balance-sheet as at 31st March, 1924. Liabilities. Assets. Mortgages— £ s. d. £ s. d. Freehold property — £ s. d. £ s. d. Foster trustees .. 1,600 0 0 Mangatu No. 3 ..21,640 0 0 White and Nolan .. 8,000 0 0 Mangatu No. 4 .. 18,000 0 0 9,600 0 0 , ■ 39,040 0 0 Accrued interest .. .. 214 4 5 ImprovementsAccrued land-tax .. .. 42 9 5 Fencing .. .. 577 18 7 Capital Account .. .. .. 39,640 0 0 Survey .. .. 541 17 0 — 1,119 15 7 Mangatu No. 1 Account .. .. 4,524 7 8 Revenue Account .. 4,379 3 0 Less Income Account balance, 31st March, 1924 .. .. 166 12 5 4,212 10 7 £49,496 13 10 £49,496 13 10 Auditor's Certificate. I have audited the accounts of Mangatu Blocks 3 and 4, East Coast Native Trust lands, for the year ended 31st March, 1924, and my report on the audit of the accounts is contained in my letter of even date to the Hon. the Minister of Native Affairs. Wellington, 15th September, 1924. Arthur T. Clarke, Auditor. Income Account pob the Year ended 31st March, 1924. £ s. d. £ s. dTo Interest .. .. .. 356 16 4 By Rent .. .. .. 883 4 0 Rates .. . . .. 188 13 6 Maori Soldiers' Fund . . .. 106 13 5 Office and general expenses .. 37 0 0 Land-tax .. .. .. 27 8 4 Balance .. .. . . 166 12 5 £883 4 0 £883 4 0 Sir— Wellington, 15th September, 1924. I have to report that I have completed the audit of the accounts of Mangatu Block No. 1 for the year ended 31st March, 1924, also the accounts of Mangatu Blocks 3 and 4 for a similar period, and have pleasure in enclosing copies of same. Stock Account. —I have accepted without reservation the figures certified to by Mr. Syme, Farm Superintendent, • and by Mr. J. Harvey, Agent for the East Coast Commissioner at Gisborne. Farm Accounts. —This year the farm accounts appear on similar lines to those carried on by the East Coast Native Trust lands. A new farm, Pukutarewa, has been in operation for ten months. A further farm —namely, Wairere —is now being worked, but no actual farming operations took place before the 31st March last. Mangatu Nos. 3 and 4. —These accounts are incorporated in the accounts of Mangatu No. 1 Block, and a separate balance-sheet and Income Account have been prepared, which are enclosed herewith. Subject to the foregoing remarks, I certify that to the best of my knowledge and belief the accounts as signed by me are correct. j am & 0 _ Arthur T. Clarke, Auditor. The Hon. the Minister of Native Affairs, Wellington.

Approximate Cost of Paper. —Preparation not given ; printing (476 copies), £8.

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