EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1925.

Appendix to the Journals of the House of Representatives, 1925 Session I, G-03

G.—3

1925. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1925.

Presented to both Houses of the General Assembly in 'pursuance of Section 13 of the East Coast Native Trust Lands Act, 1902.

EAST COAST NATIVE TRUST LANDS. Balance-sheet as at 31st March, 1925. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Mortgages secured on Freehold lands .. .. 362,259 0 0 freehold .. .. 105,500 0 0 Unpaid purchase - money Interest accrued on same 1,547 18 5 on sale of freeholds .. 49,572 8 0 107,047 18 5 Interest accrued on same 1,968 15 7 Bank of Australasia — 51,541 3 7 Interest accrued .. .. 80 4 4 Cash at Bank of AustralAccrued rates and taxes .. 1,830 7 10 asia .. .. .. 13,647 18 2 Sundry creditors — Rents due and accrued .. .. 3,252 7 9 Williams and Kettle Insurance paid in advance .. 14 1 0 (Limited) .. .. 95 11 9 Interest accrued on value On open account .. 324 7 8 of fencing Maraetaha 419 19 5 No. 2, Sees. 3 and 6 .. .. 11 6 10 Amounts due to Natives Produce unrealized —Wool .. 1,050 0 0 on account rents, farm Live-stock on farms .. .. 27,094 1 0 profits, &c. .. .. 1,194 4 1 Posts on hand .. 237 10 0 Amounts at credit of Grass-seed, &c., on hand 42 5 7 blocks —Rentals, pur- 279 15 7 chase-money, &c. .. 6,360 210 Advances to Natives on 7,554 6 11 account farm profits, Surplus .. .. .. 355,140 18 2 rentals, &c. .. 4,697 19 7 Sundry debtors, on open account .. .. 3,406 4 8 8,104 4 3 Advances to blocks on account management, rents, &c. .. .. .. 2,206 13 11 Investments— Wairoa Farmers' Cooperative Meat Co., (Limited) —1,500 shares of £1 each (12s. 6d. called up).. 937 10 0 Oisborne Sheepfarmers' Frozen Meat and Mercantile Company (Limited) —500 ordinary shares of £1 each fully paid .. 500 0 0 958 shares of £1 each (15s. called up) .. 718 10 0 2,156 0 0 Office fixtures and furniture .. .. .. 97 16 0 Travelling plant .. .. £59 7 0 £472,073 15 1 £472,073 15 1 Auditor's Certificate. I have audited the accounts of the East Coast Native Trust Lands for the year ended 31st March, 1925, 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, 7th September, 1925. Arthur T. Clarke, Auditor,

I—Gr.1 —Gr. 3.

(x.—3

2

Statement showing the Position of the Different Blocks as at 31st March, 1925. Amount at Debit of the Undermentioned Blocks on Current Amount at Credit of the Undermentioned Blocks on Current Account. Account. Principal security blocks— £ s. d. £ s. d. £ s. d. General Account .. 50,805 2 2 Mangaheia 2d .. .. .. 1,789 Oil Te Kuri .. .. 85 9 6 Mangapoike A .. .. .. 8 6 3 Live-stock Account, Pako- Mangapoike 2a 3 .. .. 3,164 18 0 whai .. .. 828 15 0 Mangapoike B .. .. .. 260 1 2 Mangapoike 2e .. .. .. 229 0 7 51,719 6 8 Maraetaha, Sec. 4 .. .. .. 12,011 19 2 Less amount at credit, Paremata 48 .. .. .. .. 20 7 10 Pakowhai Farm Ac- Paremata 64, No. 1 .. .. 16,267 14 0 count .. .. 2,102 4 4 Paremata 64, No. 2 .. .. .. 788 3 8 49,617 2 4 Tahora 2o 2, Sec. 2 .. .. .. 1,482 12 6 Mangapoike 2b — Tahora 2o 3, Sec. 2 .. .. .. 52,793 16 11 General Account .. 6,599 10 10 Tawapata South No. 1 .. .. 178 19 6 Live-stock Account .. 4,471 9 0 Whangawehi 1b lc . . .. .. 380 6 6 Whaitiri No. 2 .. .. .. 629 0 2 11,070 19 10 Less amount at credit of Amount at Credit of the Undermentioned Farm Account .. 9,124 6 0 Blocks for Value of their Freehold. —— 1,946 13 10 Mangatu Nos. 5 and 6 Mangapoike 2d .. .. .. 1,084 10 9 Mangaokura No. 1 | „ , Maraetaha No. 2, Sees. 3 Pakowhai .. ' ' Q « and 6— Tangotete Nos. 1 and 2 f ' ' General Account .. 2,317 11 2 Te Kuri Live-stock Account .. 3,742 4 0 Whataupoko G, Sec. 22 J Farm Account .. 6,564 9 3 Mangaheia 2d .. .. 39,858 0 0 New Burn Account .. 2,338 2 0 Mangapoike A .. .. 39,798 0 0 14,962 6 5 Mangapoike 2a 3 .. 21,995 0 0 Maungawaru No. 2 .. .. 15,955 16 0 Mangapoike B .. .. 1,018 0 0 Maungawaru No. 3 .. .. 5,183 15 3 Mangapoike 2b .. .. 11,294 0 0 Paremata No. 3 — Mangapoike D .. .. 10,779 0 0 General Account .. 17,403 10 5 Maungawaru No. 2 .. 5>,500 0 0 Live-stock Account .. 2,075 6 0 Maungawaru No. 3 .. 7,000 0 0 Maraetaha, Sees. 3 and 6 .. 29,842 0 0 19,478 16 5 Paremata, Sec. 48 .. 390 0 0 Less amount at credit of Paremata, Sec. 64 .. 9,550 0 0 Farm Account .. 15,672 3 9 Paremata, Sees. 73 and 73a 1,012 0 0 3,806 12 8 Paremata, Sec. 3 .. 20,867 0 0 Paremata Nos. 73 and 73a .. 264 810 Paremata, Sec. 4 .. 4,348 0 0 Tahora 2c 1, Sec. 3 — Tahora 2o 1, Sec. 3 .. 41,157 0 0 Live-stock Accounts .. 6,276 19 0 Tahora 2o 2, Sec. 2 .. 3,800 0 0 Farm Accounts .. 5,234 4 9 Tahora 2c 3, Sec. 2 .. 4,050 0 0 Tahora 2f, Sec. 2 ..30,764 0 0 11,511 3 9 Tahora 2e, Sec. 2 .. 1,346 0 0 Less amount at credit of Tawapata South No. 1 .. 12,000 0 0 General Account .. 6,320 9 4 Mangapoike 2e .. .. 4,470 0 0 5,190 14 5 Whaitiri No. 2 .. 1,565 0 0 Tahora 2f 2, Sec. 2— Maraetaha No. Id(TeKopua) 24,899 0 0 General Account .. 3,347 11 11 362,259 0 0 Live-stock Account .. 4,958 12 0 Live-stock on farms, as per contra .. 27,094 1 0 Farm Account .. 2,685 3 7 10,991 7 6 Tahora 2g 2 .. .. .. 464 18 11 Maraetaha No. Id, Te Kopua — General Farm Account .. 10,007 7 1 Live-stock Account .. 4,740 16 0 14,748 3 1 Balance—Surplus, as per balance-sheet 355,140 18 2 £479,357 8 2 £479,357 8 2 Statements of Accounts for the Year ended 31st March, 1925. Principal Security Account. £ s. d. Area of principal-security blocks— Acres. Balance at debit, 31st March, 1924 .. 48,109 6 1 Mangatu Nos. 5 and 6 .. 21,452 Mangaokura No. 1.. .. 2,027 Payments. Whataupoko G, Secton 22 .. 10 Rates — £ s. d. Pakowhai .. .. 374 Mangatu Nos. 5 and 6 .. 203 5 0 Tangotete No. 1 .. 5 Mangaokura No. 1 .. 53 311 Tangotete No. 2 .. .. 75 Interest .. .. 2,405 8 11 Te Kuri .. .. .. 216 Management and, office expenses .. .. 33 18 3 24,159 2,695 16 1 = — Value, £34,957. Balance at debit, 31st March, 1925 .. £50,805 2 2

Gr.—3

Statements op Accounts foe the Year ended 31st March, 1925 —continued. Pakowhai Farm. Payments. £ s. d. £ s. d. £ s. d Balance at credit, 31st March, 1924 .. 850 17 9 Rents to beneficiaries .. 2,971 1 0 Land-tax .. .. 246 6 11 Credits. Legal expenses .. .. 6 6 0 Pelts— £ s. d. Management and office exUnrealized, 31st March, penses .. .. 64 17 9 1924 .! .. 68 4 6 3,288 11 8 Realized .. .. 68 4 6 — Balance at credit, 31st March, 1925 .. £1,789 0 11 Mutton— - ,;n ,no! iZef1 ' ® arc h' Area of block, 5,965 acres 3 roods 16 perches. 1924 . . . . 264 0 0 i i Jon oeo Realized .. .. 264 0 0 Value, £39,858. Surplus on wool unrealized, 31st March, 1924 • Mangapoike A. Realized .. .. do 17 4 £ s d Valued .. .. 46 15 6 Balance at credit, 31st March, 1924 .. 469 6 9 Skins sold .. .. 25 18 2 Receipts. Wool sold .. .. 6 12 4 r> + 700 iQ a a j , , 10 , Rents .. .. .. 722 18 o Advances against wool .. 200 18 1 Interegt 25 0 3 Wool unrealized .. .. 10 0 0 Reduction of land-tax, 1922-23 15 5 0 Sheep and mutton sold .. 2,750 10 7 nao n Cattle sold .. .. 1,933 8 8 Interest .... 35 14 0 , ... .. 4,982 3 8 payments kaw i K Rents to beneficiaries.. .. 771 12 8 n,. o'l0 ' 1 0 Land-tax, 1924-25 .. .. 171 13 11 w . f , e1 s ' .. _ - Valuation expenses .. .. 262 10 0 Sheep bought 2,344 18 8 Management and office expenses 18 7 8 Cattle bought .. .. 1,901 4 0 ' * Wages, permanent hands .. 77 211 Balance at credit, 31st March, 1925 .. £8 6 3 Casual labour — Droving, mustering, shearing .. 72 16 11 Plant .. .. .. 53 10 3 Area of block, 16,420 acres. Value, £39,798. Repairs and maintenance .. 21 3 2 Fire and accident insurance 3 17 0 Rates .. .. .. 52 1 0 Cartage.. .. .. 2 5 0 Management and office ex- Mangafoike 2a 3. penses .... 25 18 2 £ s. d. 4,559 12 1 Balance at credit, 31st March, 1924 ..2,287 14 6 Balance at credit, 31st March, 1925 .. £1,273 9 4 Receipts. Live-stock on farm, 31st March, 1925 : — Rents .. .. . ■ 862 4 0 „q, , osk is 'a Interest .. .. .. 131 8 1 691 sheep .. .. 385 15 0 Royalty 6 11 0 97 cattle .. .. 433 0 0 2 qqq g 1 horse .. .. 10 0 0 ' 3 287 17 7 £828 15 0 Payments. Rates .. • • 10 5 7 Land-tax .. .. 93 14 0 Management and office expenses 19 0 0 TE Kuri. 5 122 19 7 £ s. d. Balance at debit, 31st March, 1924 .. 45 8 6 Balance at credit; 3 i st March; 1925 .. £3,164 18 0 Payments. Area of block, 9,438 acres 3 roods 22 perches. County rates 12 16 0 Value, £21,995. Interest .. .. .. 2 5 0 Management and office expenses .. 25 0 0 40 1 0 Balance at debit for two years, Mangafoike B. ended 31st March, 1925.. .. .. £85 9 6 , n „, A !" ™ Balance at credit, 31st March, 1924 .. 204 5 6 Area of block, 216 acres. „ . . Receipts. £ s. d. Rents .. • • ..15 0 0' '' ' Mangaheia 2d. Interest .. .. .. 13 3 8 £ s. d. 28 3 8 Balance at credit, 31st March, 1924 .. 2,818 16 5 282 9 2 Receipts. Payments. £ s d Valuation expenses .. .. 21 0 0 Rents".. 1,747 13 if Land-tax .. .. '..106 Interest .. •. 158 1 0 Management and office expenses 0 7 6 Purchase - money ■ 22 8 0 taken for workers' dwel- g Balance at credit, 31st March, 1925 .. £260 1 2 — 2,258 16 2 ' Area of block, 383 aores and 38 perches. 5,077 12 7 Value, £1,018.

3

G.—3

4

Statements of Accounts for the Year ended 31st March, 1925—continued. Mangapoike 2b. Mangapoike 2e. £ s. d. £ s. d. Balance at debit, 31st March, 1924 .. 6,283 9 1 Balance at credit, 31st March, 1924 .. 192 14 1 Payments. Receipts. £ s. d. £ s. d. Interest .. .. .. 314 3 0 Rents .. .. 117 19 2 Management and office expenses 118 9 Interest .. .. .. 12 411 316 1 9 130 4 1 Balance at debit, 31st March, 1925 ..£6,599 10 10 322 18 2 Payments. Area of block, 3,024 acres. Value, £11,294. Land-tax .. .. .. 22. 7 1 Valuation expenses .. .. 65 12 6 Management and office expenses 518 0 • 93 17 7 Balance at credit, 31st March, 1925 .. £229 0 7 Mangapoike 2b (Mahurangi Station). . £ g ,j Area ot block, 2,980 acres. Value, £4,470. Balance at credit, 31st March, 1924 .. 473 14 2 „ Makaetaha No. 2, Secs. 3 and 6. Credits. * £ s. d. Surplus on wool unrealized, Balance at debit, 31st March, 1924 .. 2,414 14 9 31st March, 1924— £ s. d. Realized .. .. 889 1 2 Payments. Valued at 52 11 5 £ s. d. .Land-tax .. .. .. 4 13 4 8 3q g 9 Interest .. .. .. 113 18 3 Wool sold .. 2 349 17 6 Management and office expenses 9 0 6 Advances against wool .. 176 14 8 127 12 1 Sheep sold .. .. 1,985 2 11 Cattle sold .. .. 431 10 0 2,542 610 Skins and hides .. 13 6 4 Receipts. Shearing (use of shed, &c.) .. 14 15 0 Rents .. .. .. 188 15 8 Interest 62 13 11 Interest 36 0 0 5,870 10 1 224 !5 8 6 344 4 3 Balance at debit, 31st March, 1925 .. £2,317 11 2 Debits. riii ====== Scrub-cutting .. .. 185 5 0 Area of block > acres. Value, £29,842. Fencing .. .. 93 15 0 Sowing seed .. .. 2 0 0 Maraetaha No. 2, Secs. 3 and 6 (Patemaru Station). £ s. d. 28i o 0 Balance at debit, 31st March, 1924 .. 10,180 7 1 Sheep bought .. .. 165 9 8 Debits - Cattle bought .. 21 0 0 „ , . £ s. d. Wages, permanent hands .. 266 5 0 Bushfelhng .. .. 675 0 0 Casual labour —Droving, mus- ' . "" '' 340 ' 1 2 tering, shearing, &c. .. 301 0 6 Building (septic tank) .. 90 0 0 Plant .. .. 10 15 0 c „ 1,105 11 2 Repairs and maintenance .. 151 13 1 Sheep bought .. .. 725 2 1 Fire and accident insurance .. 12 3 3 battle bought .. .. 746 5 0 Rates 185 10 6 Horses bought .. 5 0 0 Stores 121 1 5 Wages, permanent hands .. 381 210 Telephone " " !! 517 6 Casual labour—Droving, musCartage 29 7 6 tering, shearing, &c. .. 234 4 7 Management and office ex- ' '', • • • • 17 7 8 penses .. 140 3 10 Kepairs and maintenance .. 142 5 6 Fire and accident insurance 24 2 5 1,410 7 3 Stores .. .. .. 101 15 8 _! 1 691 7 3 Rates .. .. .. 100 16 4 ' Telephone .. .. 8 5 0 Balance at credit, 31st March, 1925 .. £4,652 17 0 Cartage .. .. .. 39 18 9 Allowance on posts .. 18 0 • Interest .. .. .. 560 15 4 Live-stock on station, 31st March, 1925 Management and office ex--3,336 Sheep .. .. 2,302 9 0 P6nSeS " " 11418 ° , , n , 7 , 581 cattle .. .. 2,124 0 0 ' 3 horses.. .. 45 0 0 U489 5 5 Credits. £4,471 9 0 Surplus on wool unrealized, 31st March, 1924— Realized .. .. 995 4 11 Valued at .. .. 384 0 2 Mangapoike 2d. 611 4 9 £ s. d. Wool sold .. .. 1,281 9 & Balance at debit, 31st March, 1924 .. 1,106 5 4 Advances against wool .. 387 19 0 Wool unrealized .. .. 90 0 0 Payments. Sheep and mutton sold ..1,281 711 £ s . d. Cattle sold .. .. 475 0 0 Land-tax .. .. .. 25 2 9 Skins sold .. .. 44 5 9 Interest .. .. .. 53 4 0 House-blocks sold .. 11 5 0 Valuation expenses .. .. 49 17 6 4,182 12 2 Management and office expenses 317 0 132 1 3 Balance at debit, 31st March, 1925 .. £10,306 13 .3 1,238 6 7 Live-stock on station, 31st March, 1925: — p Rexß 3,140 sheep .. .. 2,2 m 14 *0 R<tots ■■ •• '• 153 lo 10 397 cattle.. .. 1,457 10 0 Balance at debit, 31st March, 1925 ..£1,084 10 9 9 horses 60 0 0 £3,742 4 0 Area of block, 5,419 acres. Value, £10,779.

5

G.—3

Statements op Accounts for the Year ended 31st March, 1925—continued. Maraetaha No. 2, Part Secs. 3 and 6 (New Burn';. . Paremata No. 3 (Parrmata Station). £ s. d. £ s . d. Balance at debit, 31st March, 1924 .. 2,145 0 4 Balance at credit, 31st March, 1924 .. 10,845 310 Payments. Credits. £ s. d. Surplus on wool unrealized Grass-seed .. .. 131 12 0 at 31st March, 1924— £ s. d. Fencing .. .. .. 202 610 Realized .. .. 527 13 6 Repairs to fences .. .. 24 10 6 Valued at .. .. 51 11 2 Interest .. .. .. 116 7 10 - Management and office ex- 476 2 4 penses .. .. .. 7 4 6 Wool sold .. .. 733 10 2 482 1 8 Advances against wool .. 376 15 2 Sheep and mutton sold .. 1,326 18 5 2,627 2 0 Cattle sold .. .. 932 10 3 Receipts. Pelts sold .. .. 28 15 2 Rent .. .. .. .. 289 0 0 Interest.. .. .. 569 3 9 4,443 15 3 Balance at debit, 31st March, 1925 .. £2,338 2 0 15,288 19 1 Debits. Sheep bought .. .. 291 12 0 Wages, permanent hands .. 208 0 0 Casual labour — Droving, Maraetaha No. 2, Sec. 4. mustering, shearing, &c. 429 8 4 £ s. d. Repairs and maintenance .. 77 16 2 Balance at credit, 31st March, 1924 .. 1.1,322 11 5 P're and accident insurance 10 3 4 Stores .. .. .. 4 10 0 Receipts. Rates .. .. .. 456 7 3 Interest .. .. .. .. 689 7 9 Telephone .. .. 712 6 Cartage.. .. .. 7 7 6 Balance at credit, 31st, March, 1925 .. £12,011 19 2 Wool charges .. .. 10 1 0 Rent .. .. .. 67 0 0 [Block sold.] Deficiency on mutton and lamb unrealized, 31st March, 1924 — £ s. d. Valued at .. 131 0 6 Matjngawaro No. 2. Realized .. 73 9 6 £ s. d. 57 11 0 Balance at debit, 31st March, 1924 .. 15.065 011 Management and office exexpenses .. .. 64 12 3 Payments. 1,692 1 4 £ s. d. Rates .. .. ]37 10 0 Balance at credit, 31st March, 1925 .. £13,596 17 9 Interest .. .. .. 753 5 1 T . . , ~. ~ ggO j Live-stock on station, 31st March, 1925 :— £ s. d. Balance at debit, 31st March, 1925 ..£15,955 16 0 2,125 sheep .. .. 1,356 16 0 =^==== , 121 cattle .. .. 578 10 0 Area of block, 14,802 acres. Value, £5,500. horses .. .. 140 0 0 £2,075 6 0 Maunoawaru No. 3. Paremata, Seo. 48. £ *■ d. £ s. d. Balance at debit, 31st March, 1924 .. 4,770 5 3 Balance at credit, 31st March, 1924 .. 40 4 6 Payments. Receipts. £ s. d. £ 8 . d. Rates .. .. .. 175 0 0 Rent .. .. .. 19 12 6 Interest .. .. .. 238 10 0 Interest .. .. .. 1 010 — 413 10 0 20 13 4 Balance at debit, 31st March, 1925 .. £5,183 15 3 60 17 10 —= Payments. Area of block, 18,720 acres. Value, £7,000. Rents to beneficiaries .. .. 40 0 0 Management and office expenses .. 0 10 0 40 10 0 Balance at credit, 31st March, 1925 .. £20 7 10 Paremata No. 3. Area of block, 12 acres 3 roods. Value, £390. £ s. d. Balance at debit, 31st March, 1924 .. 16,508 16 3 Payments. Paremata, Seo. 64 (No. 1 Account). Rates (on account Paremata £ s. d. £ s. d. No. 4) .. .. .. 79 5 11 Balance at credit, 31st March, 1924 .. 15,410 4 11 Interest .. .. .. 825 8 3 904 14 2 Receipts. — £ s. d. 17,413 10 5 Interest .. .. .. 770 10 1 Receipts. Transfer from Paremata 64, Rent (on account Paremata No. 4) .. 10 0 0 No. 2 Account .. .. 86 19 0 — 857 9 1 Balance at debit, 31st March, 1925 .. £17,403 10 5 , Balance at credit, 31st March, 1925 .. £16,267 14 0 Area of block, 1,224 acres. Value, £25,215. =====

Gr.—3

6

Statements of Accounts for the Year ended 31st March, 1925 —continued. Paremata, Sec. 64 (No. 2 Account). Credits. d i * j-4. oi 4. it u d „ Surplus on wool unrealized at £ s. d. £ s. d. Balance at credit, 31st March, 1924 .. 1,036 7 3 31st March 1924 „ . , Realized .. .. 950 12 10 Receipts. Valued at .. .. 167 5 8 £ s. d. Rents .. .. .. 665 8 3 783 7 9 Interest .. .. .. 49 19 4 n n Advances against wool .. 1,432 13 7 Wool unrealized .. .. 140 0 0 7" . Sheep and mutton sold .. 1,638 3 5 1 < 751 14 10 Cattle sold .. .. 457 17 8 „ , „ . . Payments. Stores sold .. .. 4 2 3 Rents to beneficiaries .. .. 793 b 8 . . , . Transfer to Paremata 64, No. 1 ' Account .. .. .. 86 19 0 Balance at debit, 31st March, 1925 ..£11,310 12 2 Land-tax ...... 27 15 5 _ Valuation expenses .. .. 48 5 0 Management and office expenses 7 5 1 Live-stock on station, 31st March, 1925 90u 11 2i £ s. d. Balance at credit, 31st March, 1925 .. £788 3 8 4,032 sheep .. .. 2,638 9 0 272 cattle .. .. 1,239 10 0 Area of block, 2,380 acres. Value, £9,550. horses .. .. 90 0 0 £3,967 19 0 Paeemata, Secs. 73 and 73a. . £ s. d. Balance at debit, 31st March, 1924 .. 241 6 4 Payments. £ s. d. Rates .. .. .. 21 1 10 Interest .. .. ..11158 Management and office expenses. .050 33 2 6 274 8 10 Receipts. Rent .. .. .. .. .. 10 0 0 Tahora 2c 1, Sec. 3 (Te Hula Station). Balance at debit, 31st March, 1925 .. £264 8 10 £ s. d. Balance at debit, 31st March, 1924 .. 1,089 5 2 Area of block, 115 acres. Value, £1,012. Debits. Tahora 2c 1, Sec. 3. £ g- £ s. d. Sowing seed .. .. 38 18 0 Balance at credit, 31st March, 1924 .. 5,581 2 2 Fencing .. .. .. 215 9 3 Scrub-cutting .. .. 40 0 0 Receipts. Building .. .. .. 41 17 0 £ s. d. 336 4 3 Rents • • • • • ■ 602 6 4 Sheep bought .. .. 94 10 0 Interest .. .. .. 294 1 6 Cattle bought .. .. 444 0 0 896 710 Wages, permanent hands .. 371 15 0 Casual labour —Droving, mus--6,477 10 0 tering, shearing, &c. .. 185 3 4 Payments. Plant .. .. .. 19 0 0 Land-tax .. .. .. 141 19 8 Repairs and maintenance .. 47 16 0 Management and office expenses 15 1 0 Fire and accident insurance .. 9 4 9 157 0 8 stores .. .. .. 22 12 9 Cartage .. .. 112 7 0 Balance at credit, 31st March, 1925 .. £6,320 9 4 Rates .. .. .. 128 3 0 ' ' Valuation fee .. .. 2 2 0 Area of block, 22,065 acres. Value, £41,157. Interest .. .. .. 86 11 0 Management and office espenses 75 7 4 Waimaha Farm. 1,598 12 2 £ s. d. o AO4. i 7 Balance at debit, 31st March, 1924 .. 13,023 19 6 r. ... Credits. Debus. Buildings .. .. .. 98 7 6 Surplus on wool unrealized, £ s# d. 31st March, 1924— Sheep bought .. .. 51 8 0 Realized .. .. 445 6 6 Cattle bought .. .. 380 0 0 Valued at .. .. 91 911 Horses bought .. .. 31 0 0 Wages, permanent hands .. 349 14 4 16 7 Casual labour—Droving, mus- Advances against wool ... : 677 0 8 tering, shearing, &c. .. 203 12 10 Sheep sold .. .. 1„181 2 9 Plant .. .. .. 517 0 Cattle sold .. .. 541 10 0 Repairs and maintenance .. 159 13 10 Wool unrealized .. .. 70 0 0 Fire and accident insurance 18 10 6 " 2,823 10 0 Stores .. .. 71 19 11 m „ — — Rates .. .. .. 249 3 6 Balance at debit, 31st March, 1925 .. £200 11 7 Rent, mail-bag .. .. 214 7 Telephone .. .. 5 16 8 Cartage .. .. .. 167 15 1 ...Livestock on station, 31st March, 1925: — Interest .. .. .. 816 18 10 £ s. d. Valuation fees .. . . .3 3 0 2,066 sheep . . .. 1,414 10 0 Management and office ex- 274 cattle .. 879 10 0 " ' penses ~ 127 1 2 3 horses.. .. 15 0 0 , 2,644 9 3 — £2,309 0 0 15,766 16 3 =====

7

G.—3

Statements of Accounts for the Year ended 31st March, 1925 —continued. Tahora 2c 1, Sec. 3. —Recapitulation of the Whole of the Accounts of the Block as at 31st March, 1925.

Tahora 2c 2, Sec. 2. . Receipts. £ s. d. £ s. d. Balance at credit, 31st March, 1924 .. 1,212 12 8 Rents .. .. .. .. 682 7 0 Receipts. Balance at debit, 31st March, 1925 .. £3,347 11 11 £ s. d. — i i p en ' s '■ •• •• ® Area of block, 11,870 acres. Value, £30,764. Interest .. .. .. 68 4 10 334 7 4 1,547 0 0 Payments. Advertising .. .. 5 15 4 Land-tax .. .. .. 34 19 4 Rates .. .. .. 8 10 Legal expenses .. .. 9 12 10 Management and office ex)enSeS '' '' " 519 0 Tahora 2f 2 (Papuni Station). £ s. d. Balance at credit, 31st March, 1925 ..£1,482 12 6 Balance at debit, 31st March, 1924 .. 9,075 2 2 Debits. Area of block, 3,775 acres. Value, £3,800. 0 . , £ s. d. Sowing seeds .. .. .. 9 7 6 Sheep bought .. .. 138 19 3 Cattle bought .. .. 556 0 0 Tahora 2c 3, Sec. 2. Wages, permanent hands .. 519 7 7 £ s d Casual labour—Droving, musBalance at credit, 31st March, 1924 ..50,250 16 10 tering, shearing, &c. .. 218 7 4 Plant .. .. .. 3 3 6 Receipts Repairs and maintenance .. 204 13 9 £ Fire and accident insurance.. 11 12 0 Rents .. .. .. 116 6 8 | to . res •• •• .I?}® 1 } Interest .. .. .. 2,512 5 9 a ] tes , •• •• •• 13 * " I — — 2,628 12 5 Telephone .. .. 19 1 6 Cartage .. .. .. 134 14 6 52 879 9 3 Wool charges .. .. 48 16 9 Interest .. .. .. 566 8 3 Payments. Management and office exAdvertising .. .. 14 710 P enses 135 4 3 on . Survey charges .. .. 210 0 2,804 4 8 Rates .. .. .. 16 18 7 000 ' —; Legal expenses .... 14 7 8 11,888 14 4 Management and office ex- ... . .. credits. ® 37 8 3 Wool sold .. .. 64 16 8 * '' _____ gg 12 4 Advances against wool .. 644 110 - Wool unrealized .. .. 650 0 0 Balance at credit, 31st March, 1925 ..£52,793 16 11 Nheep sold .. ■ ■ 2,343 0 3 = __ ==;=== Cattle sold .. .. 444 0 0 Skins sold .. .. 26 6 8 Area of block, 1,470 acres. Value, £4,050. Rejects and fat .. .. 4 7 5 Boundary fencing .. 50 6 10 Use of shearing-shed .. 12 14 6 Stores sold .. .. 5 4 7 Tahora 2f, Sec. 2. 4 >244 18 9 £ s. d. Balance at debit, 31st March, 1924 .. 3,736 18 4 Balance at debit, 31st March 1925 .. £7,643 15 7 Payments. Live-stock on station at 31st March, 1925 :—- £ s. d. £ s. d. Land-tax .. .. .. 31 2 7 4,415 sheep .. .. 3,073 12 0 Interest .. .. .. 224 10 0 460 cattle .. .. 1,745 0 0 Management and office expenses 37 8 0 25 horses .. .. 140 0 0 293 0 7 £4,958 12 0 4,029 18 11 — _

Balance, 31st March, 1924. Transactions. Balance, 31st March, 1925. . Account. i Dr. Or. j Dr. Cr. Dr. Or. £ s. d. £ 8. d. £ s. d. £ s. d. £ s. d. £ a. d. Huia Farm .. .. 1,089 5 2 .. 1,934 16 5 2,823 10 0 200 11 7 WaimahaFarm .. 13,023 19 6 j .. 2,742 16 9 4,456 4 1 11,310 12 2 Farm totals .. 14,113 4 8 .. 4,677 13 2 7,279 14 1 j 11,511 3 9 Current Account .. .. 5,581 2 2 157 0 8 896 7 10 I .. 6,320 9 4 I _ 14,113 4 8 | 5,581 2 2 4,834 13 10 8,176 1 11 | 11,511 3 9 6,320 9 4 Area of block, 22,065 acres. Value of block, £41,157. Value of live-stock, £6,276 19s.

Gr.—3

8

Statements of Accounts for the Year ended 31st March, 1925 —continued. Tahora 2g 2, Sec. 2. Payments. £ s. d. £ s. d. £ s. d. Balance at debit, 31st March, 1924 .. 430 6 2 Rent to beneficiaries .. .. 426 0 0 Land-tax .. .. .. 8 2 2 Payments Management and office expenses.. 13 910 £ s. d. 447 12 0 County rates .. .. 13 2 9 Interest 21 10 0 Balance at credit, 31st March, 1925 .. £629 0 2 34 12 9 ~ Area of block, 426 acres. Value, £1,565. Balance at debit, 31st March, 1925 .. £464 18 11 Area of block, 1,346 acres. Value, £1,346. Maraetaha In (Kopua Station). £ s. d. Tawapata South No. 1. Balance at debit, 31st March, 1924 .. 16,936 5 4 £ s. d. Balance at debit, 31st March, 1924 .. 341 0 2 Debits. Pelts unrealized, 31st March, £ s. d. 1924 .. .. .. 61 8 10 Payments. Realized .. .. 61 8 10 £ s. d. Land-tax 53 4 Scrub-cutting 68 3 6 Interest .. .. 15 5 Sheep bought .. .. 686 16 3 Committee s expenses .. .. 1 Cattle bou|ht .. .. 91 0 0 Management and office expenses.. ,10 0 Wages, permanent hands .. 338 0 0 Casual labour —Droving, mus- ~~ 7 ~Z tering, shearing, &c. .. 392 17 2 421 0 O Plant, 9 7 *"***■ finn nft Painting and papering '.i 103 1 2 Rent •• •• •• '• .. 600 0 0 R e p a i rs and maintenance .. 90 17 2 .. , , „ Fire and accident insurance.. 17 16 2 Balance at credit, 31st March, 1925 .. £178 19 6 Stores 92 18 10 Rates .. .. .. 221 7 6 Area of block, 4,376 acres. Value, £12,000. Rent .. .. .. 289 0 0 Travelling-expenses .. 2 3 0 Telephone .. .. 12 14 0 Cartage .. .. .. 40 2 11 Interest .. .. .. 1,061 3 4 Management and office expenses .. .. 149 14 6 Deficiency on mutton unrealized, 31st March, 1924 — £ s. d. Whangawehi 1b and lc. Valued at _ t 237 15 0 Balance at credit, 31st March, 1924 .. 388 o*B Realized .. 236 19 8 o^ls— 4 3 i(; u Receipts. Interest .. .. .. .. 19 8 0 20,631 5 9 ~ ~ Credits. Payments. Surplus on wool unrealized, £ s (j 31st March, 1924— Land-tax, adjustment .. 0 7 1 Realized .. .. 707 18 2 Management and office expenses.. 26 15 1 Valued at .. .. 98 611 27 2 2 609 11 3 Balance at credit, 31st March, 1925 .. £380 6 6 Wool sold .. .. 246 14 9 _______ Advances against wool .. 1,507 12 10 ["Block sold.l Wool unrealized .. .. 90 0 0 Sheep and mutton sold .. 2,728 12 11 Cattle sold .. , .. 404 15 0 Skins and hides sold .. 43 9 1 Grass-seed and fencing transferred to Maraetaha No. 2 Account .. .. 252 6 10 5,883 2 8 Wh4ITIRI No. 2. Balance at debit, 31st March, 1925 .. £14,748 3 1 £ s. d. Balance at credit, 31st March, 1924 .. 720 4 2 r , „, Live-stock on hand, 31st March, 1925 : — Receipts. £ s. d. £ s. d. 4,378 sheep .. .. 3,094 6 0 Rent .. .. .. 330 0 0 480 cattle .. .. 1,596 10 0 Interest .. .. 26 8 0 10 horses .. .. 50 0 0 356 8 0 £4,740 16 0 1,076 12 2

9

G.—H.

Statement of Live-stock depastured on Farms at 31st March, 1925.

Summary. £ s. d. 24,183 sheep, valued at.. . . .. . . 16,490 11 0 2,682 cattle, valued at.. .. .. .. 10,053 10 0 70 horses, valued at .. .. .. 550 0 0 26,935 £27,094 1 0

Sir, — Wellington, 7th September, 1925. I have to report that I have completed the audit of the accounts of the East Coast Native Trust lands for the year ended 31st March, 1925, and have the following comments to make thereon : — Stock Accounts. —I have accepted without reservation the statement of live-stock at the various farms as certified by Mr. H. Syme, Farm Superintendent, and by Mr. J. Harvey, Agent for the Bast Coast Commissioner at Gisborne. Mahurangi Farm. —Two amounts of £20 Bs. sd. and £28 18s. lOd. for stores, &c., have been debited to this farm. This expenditure was incurred on behalf of Kopua Farm, and an adjusting entry will be made during the current year. Patemaru Farm--In the accounts at 31st March, 1924, there was shown in this account " Strainers on hand, £237 10s." This amount has now been transferred to Suspense Account, and is shown separately in the balance-sheet, and will be charged up to the various farms as the strainers are used. Standardized Form of Accounts for Farms. —My recommendation in my report of 15th September, 1924, in connection with standardizing the form of accounts for farms has been adopted in preparing the accounts for this year. Te Kuri. —This statement shows only the expenses incurred for the two years ended 31st March, 1925. The items charged to Principal-security Block which should have been debited to Te Kuri have not yet been extracted, but these accounts will be adjusted as soon as the figures are obtained. Interest on Old Native Accounts. —With the consent of the East Coast Commissioner, interest at 5 per cent, has been charged against the old advances made to various Natives. Many of the old accounts have been either reduced or closed during the past year, owing to the resumption of the distribution of profits on account of various blocks. Tahora 2c 3, Sec. 2. —An adjustment has now been made in connection with the freehold account of this block. The valuation of the balance of the land held by the Trust now stands at £4,050. Distributions. —Distributions have been made on several blocks during the past year. In some instances a cheque was handed to the Native Department for distribution to the various Natives concerned. We have vouched only the receipt by the Native Land Department of the total moneys received, but have not checked the receipts of the Natives. The Native Land Department accounts are audited by a Government Auditor, who is stationed at Gisborne. I have adopted the same procedure as last year, and have arranged, with the consent of the East Coast Commissioner, for the Government Auditor to check the individual payments. Subject to the foregoing remarks, I certify that to the best of my knowledge and belief the accounts are correct. Enclosed please find copy of accounts for the year ended 31st March, 1925. I remain, &c., The Hon. the Minister of Native Affairs, Wellington. Arthur T. Clarke, Auditor.

Approximate Cost of Paper.—Preparation, not given ; printing (475 copies), £14.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l92s.

Price 6d.]

2—Gr. 3.

I I " Sheep. J Cattle. Horses. ! Totals. Farm where depastured. —r r : : :■ ; Number, j Value. | Number. Value. Number. Value. j Number. Value. £ s. d. £ s. d. £ s. d. £ s. d. Huia .. .. 2,066 1,414 10 0 274 879 10 0 3 15 0 0 2,343 2,309 0 0 Mahurangi .. .. 3,336 2,302 9 0 581 2,124 0 0 3 45 0 0 3,920 4,471 9 0 Pakowhai .. .. 691 385 15 0 97 433 0 0 1 10 0 0 789 828 15 0 Papuni .. .. 4,415 3,073 12 0 460 1,745 0 0 25 140 0 0 4,900 4,958 12 0 Paremata .. .. 2,125 1,356 16 0 121 578 10 0 7 140 0 0 2,253 2,075 6 0 Patemaru .. .. 3,140 2,224 14 0 397 1,457 10 0 9 60 0 0 3,546 3,742 4 0 Te Kopua .. .. 4,378 .3,094 6 0 480 1,596 10 0 10 50 0 0 4,868 4,740 16 0 Waimaha .. .. 4,032 2,638 9 0 272 1,239 10 0 12 90 0 0 4,316 3,967 19 0 24,183 16,490 11 0 2,682 10,053 10 0 70 550 0 0 26,935 27,094 1 0