EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1928.

Appendix to the Journals of the House of Representatives, 1928 Session I, G-04

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1928. 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, 1928.

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

MANGATU No. 1. Balance-sheet as at 31st March 1928. Liabilities. Assets. Public Trustee— £ s. d. £ s. d. j £ s. d. £ s. d. General mortgage .. 22,364 6 7 l Freehold property .. .. 195,063 0 0 Less rent on hand on ! Roads Account .. 2,092 5 1 account .. .. 1,439 19 0 Survey Account .. 287 8 6 20,924 7 7 2,379 13 7 Pukutarewa mortgage 15,000 0 0 Fencing Account .. .. 116 7 0 Interest accrued .. 32 1 1 Advances — 15,032 1 1 Sundry blocks .. 413 0 2 Wairere mortgage .. 50,000 0 0 Distribution Account Interest accrued .. 1,487 13 5 No. 1 .. .. 304 0 0 51,487 13 5 Royal Commission .. 1,469 6 4 Native Trustee — Owners' appeal on acMortgage Account .. 20,000 0 0 count of Blocks 1 Interest accrued .. 539 3 6 and 4 .. .. 664 15 9 20,539 3 (i Advances to sundry Bank of Australasia— owners .. .. 8,029 15 10 Current Account .. 8,577 16 3 10,880 18 1 Intorest accrued .. 530 19 9 Mangatu Nos. 3 and 4 .. .. 2,195 15 9 9,108 16 0 Sundry debtors.. .. .. 0,557 10 11 Sundry creditors .. .. 3,135 8 2 Rent outstanding .. .. 1,727 2 0 Mangatahu Station Current Account 15,866 211 Investments — Distribution Account .. .. 528 18 4 Poverty Bay Farmers' Capital Account .. .. 100,470 13 0 Meat Co., Ltd. — Income Account .. .. 2,272 4 10 Shares .. .. 5 0 0 Williams and Kettle, Ltd.—Shares .. 35 0 0 40 0 0 Mangatahu live-stock .. .. 7,994 10 0 Pukutarewa Station .. 12,254 10 0 Livo-stock .. .. 5,190 12 0 17,445 2 0 Waitangirua Station .. 7,146 15 5 Live-stock .. .. 4,606 10 0 11,753 5 5 Wairere Station ..14,258 6 4 Live-stock .. .. 14,151 12 0 28,401) 18 4 Waikakariki Station .. 1,287 1 3 Livo-stock .. .. 1,912 8 2 3,199 9 5 Office furniture .. .. 15 15 0 Produco unrealized .. .. 11,587 1 4 £299,365 8 10 £299,365 8 10 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 31st March, 1928, and my report on the audit of the accounts is contained in my letter of oven date to the Hon. the Minister of Native Affairs. Wellington, N.Z., 7th August, 1928. Arthur T. Clarke, Chartered Accountant, Auditor.

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MANGATU No. I—continued. Income Account for the Year ended 31st March, 1928. £ s. d. £ s. d. £ s. d. To Interest, 31st March, 1928.3,275 2 11 By Balance, 31st March, 1927 .. .. 2,392 0 8 Commission .. .. 216 13 6 Rents .. .. .. .. 8,840 010 Land-tax .. .. 801 16 2 Dividend .. .. .. .. 2 2 0 Expenses re committee meetings .. .. 22 0 8 Valuation expenses .. 102 7 6 Legal expenses .. 34 7 0 Management and office expenses . . .. 199 10 11 Distribution to beneficiaries .. .. 4,250 0 0 8,962 4 8 Balance .. .. .. .. 2,272 4 10 £11,234 9 6 £11,234 9 6 Statement of Accounts for the Year ended 31st March, 1928. Waitangirua Station. Debits. £ s. d. £ s. d. Building ... .. .. 591 1 3 Balance at debit, 31st March, 1927 .. 11,276 14 10 Sheep bought .. .. 169 16 6 Cattle bought .. .. 120 17 0 Debits. Wages, permanent hands 680 1 8 £ s. d. Casual labour .. .. 622 3 6 Fencing .. .. 444 15 9 Running-expenses, including Scrub-cutting .. .. 414 7 0 repairs and maintenance 271 11 11 859 2 9 Rates . . .. .. 250 8 10 Sheep bought .. .. 1,263 3 10 Insurance .. .. 30 8 2 Cattle bought .. .. 610 6 Management and office exHorses bought .. .. 8 0 0 penses .. .. 208 18 0 Wages, permanent hands- 641 7 7 3,401 6 10 Casual labour .. .. 322 15 9 Running-expenses, includ- Balance at credit, 31st March, 1928 .. £7,871 12 11 ing repairs and mainten- — —- ance .. .. 551 10 8 Live-stock on station at 31st March, 1928 :— Rates .. .. .. 633 14 7 £ s. d. Insurance .. .. 47 3 6 8,081 sheep .. .. 5,366 10 0 Interest .. .. 744 10 3 747 cattle .. .. 2,553 0 0 Management and office ex- 12 horses .. .. 75 0 0 penses .. .. 108 0 0 4,326 16 8 £7,994 10 0 16,462 14 3 Credits. Pukutarewa Station. Surplus on wool unrealized £ s. d. at 31st March, 1927— Balance at debit, 31st March, 1927 .. 17,871 9 1 Realized .. .. 669 11 3 Debits. Valued at .. .. 633 511 £ s. d. Building .. .. 104 7 10 6 5 4 Purchase of Cooper's lease 760 10 3 Wool sold .. .. 2,508 8 0 Grass-seed .. .. 51 1 10 Wool unrealized .. 20 0 0 Sheepsold .. .. 1,634 13 11 915 19 11 Cattle sold .. .. 432 0 0 Sheep bought .. .. 2,720 0 8 Skins and hides sold .. 51 13 8 Cattle bought .. .. 1,165 8 2 Meat sold .. .. 56 7 11 Horses bought .. .. 117 0 6 4,709 810 Wages, permanent hands 367 14 3 Casual labour .. .. 1,175 2 11 Balance at debit, 31st March, 1928 .. £11,753 5 5 Running-expenses, inelud- _ , j n g r opairs and main-Live-stock on station at 31st March, 1928: — tenance .. .. 755 13 2 £ s. d. Rates .. . . .. 172 0 10 5,427 sheep .. .. 3,757 0 0 Interest .. .. 1.201 8 3 165 cattle .. 769.10 0 Insurance .. .. 28 10 1.0 16 horses .. 80 0 0 Management and office expenses .. .. 120 8 0 £4,606 10 0 8,739 13 0 Credits. 26,611 2 7 Surplus on wool unrealized at 31st March, 1927— Realized .. .. 507 16 4 Valued at .. .. 419 2 5 88 13 11 Mangatahu Station. Wool sold .. .. 2,870 18 6 £ s. d. Advances against wool Balance at credit, 31st March, 1927 .. 3,134 18 6 shipped ".. .. 80 7 6 Sheepsold .. .. 5,049 6 1 Credits. Cattle sold .. .. 735 5 0 Surplus on wool unrealized Horses sold .. .. 15 0 0 at 31st March, 1927— £ s. d. Skins and hides sold .. 61 15 10 Realized .. .. 3,135 3 1 Meat sold .. .. 18 3 0 Valued at .. .. 2,916 1 5 Produce sold, lucerne, &c. 25110 9 9,166 0 7 219 1 5 Wool sold .. .. 4,469 1 9 Balance at, debit, 31st March, 1928— ..£17,445 2 0 Advances against wool < shipped .. .. 112 6 4 Live-stock on station at 31st March, 1928: — Sheepsold .. .. 2,326 311 £ s. d. Cattle sold .. .. 825 6 4 4,417 sheep .. '.. 2,858 12 0 Skins and hides sold .. 49 10 10 519 cattle .. .. 1,992 0 0 Interest .. .. 136.10 5 26 horses .. .. 340 0 0 8,138 1 3 £5,190 12 0 £11,272 19 9 ____________

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MANGATU No. I—continued. Statement of Accounts for the Year ended 31st March, 1928 — continued. Wairere Station. Waikakariki Station. £ s. d. Balance at debit, 31st March, 1927 .. 37,334 16 5 Debits. Debits. £ s. d. £ s. d. £ s. d. Plant .. .. .. 217 10 9 Sheep bought .. .. 1,289 17 8 Furniture .. .. 20 0 6 Cattle bought .. .. 732 7 6 Ear-mark .. .. 12 10 0 Horses bought . . .. 5 15 0 Ploughed area .. .. 30 0 0 Wages, permanent hands .. 974 110 Grass-seed .. .. 89 1 4 Casual labour .. .. 981 0 8 Fencing .. .. .. 102 3 0 Running-expenses, including Scrub-cutting .. .. 11l 8 3 repairs and maintenance 845 12 2 582 13 10 Rates .. .. .. 600 6 6 Sheep bought .. .. 2,183 0 6 Insurance .. .. 57 2 3 Cattle bought .. .. 16 10 0 Interest .. .. 2,192 0 2 Horses bought .. .. 140 10 0 Management and office ox- Wages, permanent hand .. 90 0 0 penses . . .. 393 2 0 Casual labour .. .. 33 5 7 8,071 5 9 Running - expenses, including repairs and maintenance 447 14 4 45,406 2 2 Rates .. .. .. 41 13 5 Credits. Insurance .. .. 5 17 9 Surplus on wool unrealized Interest .. .. .. 51 19 11 at 31st March, 1927— Management and offico oxRealized .. .. 5,111 9 5 penses .. .. 37 3 0 Valued at .. .. 4,677 15 11 3,047 14 6 433 13 6 3,630 8 4 Wool sold .. .. 7,695 3 4 Advance against wool Credits. shipped .. .. 238 2 3 Wool sold .. .. 177 14 1 Sheepsold .. .. 7,658 8 9 Sheepsold .. .. 246 0 0 Cattle sold .. .. 856 13 10 Cattle sold .. .. 3 0 0 Horses sold . . .. 9 13 6 Skins and hides .. .. 1 17 4 Skins and hides sold .. 67 12 8 Meat sold .. .. 2 7 6 Meat sold .. .. I 19 0 430 18 11 Pelts sold .. .. 34 17 0 16,996 310 Balance at debit, 31st March, 1928 ..£3,199 9 5 Balance at debit, 31st March, 1928 ..£28,409 18 4 Live-stock on station at 31st March, 1928 :— Live-stock on station at 31st March, 1928 : — £ s. d. £ s. d. 14,959 sheep .. 9,872 12 0 2,053 sheep .. .. 1,733 8 2 1,134 cattle .. 4,079 0 0 9 cattle .. .. 29 0 0 34 horses 200 0 0 9 horses . . .. 150 0 0 £14,151 12 0 £1,912 8 2

Statement of Live-stock depastured on Stations at 31st March, 1928.

Summary. £ s. d. 34,937 sheep .. .. .. .. 23,588 2 2 2,574 cattle .. .. .. .. 9,422 10 0 97 horses .. .. .. .. 845 0 0 37,608 £33,855 12 2

Station. Number. Sheep. iattle. Value. I Number. Horses. Totals. Value. j Number. j— Value. Number. Value. £ s. d. £ s. d. 75 0 0 8,840 7,994 10 0 340 0 0 4.962 ; 5,190 12 0 80 0 0 5,608 4,606 10 0 200 0 0 16,127 14,151 12 0 150 0 0 2,071 1,912 8 2 langatahu 'ukutarewa Waitangirua Wairere Waikakariki 8,081 4,417 5,427 .. 14,959 2,053 £ s. d. ; 5,366 10 0 747 2,858 12 0 ! 519 3,757 0 0 165 9,872 12 0 1.134 1,733 8 2 9 £ s. d. 2,553 0 0 1,992 0 0 769 10 0 4,079 0 0 29 0 0 12 26 16 34 9 34,937 23,588 2 2 j 2,574 9,422 10 0 97 845 0 0 I 37,608 | 33,855 12 2 I I

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MANGATU Nos. 3 AND 4. Balance-sheet as at 31 st March, 1928. Liabilities. Assets. £ s. d. £ s. d. Freehold property— £ s. d. £ s. d. Foster Trust mortgage ..1,600 0 0 Mangatu No. 3 ..21,640 0 0 Accrued interest .. .. 43 5 3 Mangatu No. 4 .. 18,000 0 0 1,643 5 3 39,640 0 0 Mangatu No. 1 .. .. .. 2,195 15 9 Improvements— Capital .. .. .. .. 39,640 0 0 Fencing .. .. 577 18 7 Survey .. .. 541 17 0 1,119 15 7 Revenue Account .. 3,141 11 4 Less Income Account balance 422 5 II 2,719 5 5 £43,479 1. 0 £43,479 1 0 Auditor's Certificate. I have audited the aocounts of Mangatu Blocks 3 and 4, Bast Coast Native Trust lands, for the year ended 31st March, 1928, 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, N.Z., 7th August, 1928. Arthur T., Clarke, Chartored Accountant, Auditor. Income Account for the Year ended 31st March, 1928. £ s. d. £ s. d. To Interest .. .. .. .. 293 9 2 By Rent .. .. .. .. 883 4 0 Rates ........ 117 10 0 Land-tax .. .. .. .. 20 6 11 Legal expenses .. .. .. 412 0 Management and office expenses .. 25 0 0 Balance .. .. .. .. 422 5 11 £883 4 0 £883 4 0 Sir,— Wellington, 7th August, 1928. I have to report that I have completed the audit of the aocounts of Mangatu Block No. 1 for the year ended 31st March, 1928, also the accounts of Mangatu No. 2, Blocks 3 and 4, for a similar period, and attached hereto is a set of same. Stock Account. —l have accepted without reservation the figures certified to by Mr. H. Syme, Farm Superintendent, and Mr. J. Harvey, Agent for the East Coast Commissioner at Gisborne. 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. A now farm —namely, Waikakariki—has been in operation for the last six months, and the accounts appear in the schedule. Subject to the. foregoing remarks, I certify that to the best of my knowledge and belief the accounts as signed by me are correct. I have, &c, The Hon. the Minister of Native Affairs. Arthur T. Clarke, Auditor.

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