EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, and 4 BLOCKS. BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1939, TO 30th JUNE, 1940.

Appendix to the Journals of the House of Representatives, 1940 Session I, G-04

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1940. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, and 4 BLOCKS. BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1939, TO 30th JUNE, 1940.

Presented to both Houses of the General Assembly in pursuance of Section 40 of the Native Purposes Act, 1931.

MANGATU No. 1. Balance-sheet as at 30th June, 1940. Liabilities. Assets. £ 8. d. Public Trustee—■ £ s. d. £ s. d. Freehold lands .. .. .. .. 301,589 13 9 Mortgages .. .. 158,237 5 0 £ s. d. Interest on mortgages .. 3,375 0 8 Roads Account .. .. 2,092 5 1 161,612 5 8 Survey Account .. .. 287 8 6 Bank of New South Wales — Fencing Account .. .. 1.16 7 0 Current Account .. .. 10,723 8 4 Sundry blocks .. .. 533 16 5 Interest accrued .. .. 21 14 6 Royal Commission .. .. 1,899 511 10,745 2 10 Owners'appeal .. .. 859 5 9 Rates accrued .. .. .. ■■ 73 7 3 5,788 8 8 Rent due by occupation licenses .. .. 590 11 0 Mangatu Nos. 3 and 4 .. .. .. 3,864 1 2 Rent due .. .. .. .. 43 12 1 Sundry debtors .. .. .. .. 4,139 12 2 Sundry creditors .. .. .. 949 18 6 East Coast Commissioner .. .. .. 2,512 16 9 Mangatahu Station: Current £ s. d. Investments— £ s. d. Account .. .. 73,360 13 6 Williams and Kettle: Shares .. 35 0 0 Wairere Station: Current £ s. d. Account .. .. .. 43,869 5 0 Inscribed stock.. 12,916 11 6 117,229 18 6 Interest accrued 182 17 2 Distribution Account .. .. .. 1,714 19 6 13,099 8 8 Capital Account .. .. •• 206,780 13 0 13,134 8 8 Kokomoko Station: Current Account .. .. .. 11,199 10 1 Okaihau Station: Current Account .. .. .. 20,966 17 0 Pukutarewa Station: Current Account .. .. .. 21,212 0 8 Tarndale Station: Current Account .. .. .. 17,966 11 11 Waitangirua Station: Current Account .. .. .. 20,280 12 1 91,625 11 9 Live-stock on stations as per schedule .. .. 56,148 16 0 £ s. d. Building-materials .. .. 70 8 3 Wool unrealized .. .. 1,476 0 3 Produce unrealized .. .. 375 10 0 1,921 18 6 Mutton and lamb .. .. 1,672 17 0 249 1 6 Income Account .. .. .. .. 20,687 17 11 £499,740 8 4 £499,740 8 4 Auditors' Certificate. We have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ending 30th June, 1940, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Co., Public Accountants, Auditors. Wellington, 30th September, 1940.

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MANGATU No. I—continued.1 —continued. Income Account as at 30th June, 1940. £ s. d. Debit balance at 30th June, 1939 .. .. 17,395 111 £ s. d. £ s. d. £ s. d. Rent collected ex lessees .. .. 7,230 2 9 Distribution .. .. .. 4,222 10 0 Rent collected ex occupation licensees 239 15 1 Donations—• £ s. d. 7,469 17 10 Maori Battalion .. 50 0 0 Balance .. .. .. .. .. 20,687 17 11 Farewell for recruits .. 40 0 0 Order St. John Red Cross .. .. 150 0 0 Waiapu Diocesan Trust 70 0 0 310 0 0 Land-tax .. .. .. 727 7 5 Interest .. .. ■ • 4,903 1 4 Rates .. .. .. .. 45 4 3 Management .. .. .. 361 10 2 Committee fees and expenses .. 112 6 0 Secretary's salary .. .. 21 0 0 Secretary's travelling-expenses .. 53 19 9 Expenses re meeting .. .. 5 14 11 10,762 13 10 £28,157 15 9 £28,157 15 9 £ s. d. Balance .. .. .. .. • • £20,687 17 11 Statement of Accounts for the Year ended 30th June, 194.0. Mangatahu Station. Pukutarewa Station. £ s. d. £ s. d. Balance at credit at 30th June, 1939 .. .. 65,747 5 9 Balance at debit at 30th June, 1939 .. .. 24,464 15 9 Debits. £ s. d. Credits. Seed .. .. .. .. 123 8 0 1939 wool — £ s. d. £ s. d. Plant .. .. .. 47 0 2 Realized .. .. 2,073 610 - — 170 8 2 Valued at .. 1,281 0 0 Live-stock at 30th 792 6 10 June, 1939 —■ £ s. d. 1940 wool— 7,607 sheep .. 6,422 13 0 Sold .. .. 2,863 19 3 1,078 cattle .. 4,465 5 0 Unrealized .. 189 17 10 108 horses .. 1,320 0 0 3,053 17 1 12,207 18 0 1939 mutton— Sheep bought .. .. .. 505 6 0 Unrealized .. 1,015 12 0 Horse bought .. .. .. 25 0 0 Unrealized still .. 1,015 12 0 Wages .. .. .. 2,484 11 3- .. Running-expenses, including repairs Sheep sold .. .. .. 2,997 12 7 and maintenance .. .. 2,686 15 10 Cattle sold .. .. .. 859 9 9 Rates.. .. .. .. 376 13 4 Skins and hides sold .. .. 32 1 1 Interest .. .. .. 1,697 7 0 Interest .. .. .. 2,647 9 9 Management and office expenses .. 408 14 2 Meat sold .. .. .. 0 16 4 20,392 5 7 Live-stock at 30th June, 1940— £ s. d. 45,027 9 6 7,106 sheep .. 4,849 0 0 Credits. 764 cattle .. 2,694 0 0 1939 wool— £ s. d. 12 horses .. 75 0 0 Realized .. 2,179 4 0 7,618 0 0 Valued at .. 1,499 0 0 18,001 13 5 680 4 0 1940 wool — 83,748 19 2 Sold .. .. 3,054 16 10 Unrealized .. 211 10 4 3,266 7 2 Debits. 1939 mutton— Live-stock at 30th June, Unrealized .. 1,614 6 0 1939 — £ s. d. Unrealized still .. 1,614 6 0 7,119 sheep .. 4,823 14 0 891 cattle .. 2,963 10 0 Sheep sold .. .. .. 5,038 17 1 11 horses .. 70 0 0 Cattle sold .. .. .. 1,427 10 11 ■ 7,857 4 0 Horses sold .. .. .. 75 0 0 Sheep bought .. .. .. 115 0 0 Skins and hides .. .. 77 16 0 Cattle bought .. .. .. 50 0 0 Meat sold .. .. .. 23 19 8 Horse bought .. .. .. 12 0 0 Live-stock at 30th Wages .. •. • • 1,092 17 7 June, 1940— £ s. d. Running-expenses, including repairs 7,606 sheep .. 7,361 4 0 and maintenance .. .. 508 17 0 1,003 cattle .. 4,539 10 0 Rates .. .. .. .. 443 12 10 105 horses .. 1,325 0 0 Management and office expenses .. 308 14 3 13,225 14 0 10,388 5 8 — 23,815 8 10 Balance at credit at 30th June, 1940 .. .. £73,360 13 6 Balance at debit at 30th June, 1940 .. .. £21,212 0 8

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MANGATU No. I—continued. Statement of Accounts for the Year ended 30tii June, 1940 —continued. Wairere Station. Okaihau Station—continued. £ s. d. Balance at credit at 30th June, 1939 .. .. 34,540 3 7 Credits. 1939 wool — £ s. d. £ s. d. Realized .. 37 5 10 Credits. Valued at .. 25 0 0 12 5 10 1939 wool— £ s. d. £ s. d. 1939 wool— Realized .. 3,787 14 0 Realized .. 476 15 6 Valued at .. 2,153 0 0 Valued at .. 362 0 0 1,634 14 0 114 15 6 1940 wool— 1940 wool— Sold .. .. 4,897 5 0 Sold .. .. 970 12 9 Unrealized .. 554 6 1 Unrealized .. 87 7 9 — 5,451 11 1 — 1,058 0 6 1939 mutton— 1939 mutton— Unrealized .. 1,508 6 0 Unrealized .. 489 16 0 Unrealized still .. 1,508 6 0 Unrealized still .. 489 16 0 Sheep sold .. .. .. 4,690 1 1 Sheep sold .. .. .. 1,194 1 3 Cattle sold .. .. .. 3,137 18 3 Cattle sold .. .. .. 586 10 7 Skins and hides .. .. 59 17 9 Skins and hides .. .. 18 4 11 Interest .. .. .. 874 16 1 Live - stock at 30th Meat sold .. .. .. 3 9 2 June, 1940— £ s. d. Live - stock at 30th 3,230 sheep .. 2,273 3 0 June, 1940 — £ s. d. 247 cattle .. 822 10 0 12,910 sheep .. 8,848 4 0 11 horses .. 55 0 0 1,697 cattle .. 6,068 10 0 3,150 13 0 51 horses .. 270 0 0 6,134 11 7 15,186 14 0 — 31,039 1 5 Balance at debit at 30th June, 1940 .. .. £20,966 17 0 65,579 5 0 Tarndale Station. £ s. d. Debits. Balance at debit at 30th June, 1939 .. .. 17,113 16 10 Live - stock at 30th June, 1939— £ s. d. Debits. 13,403 sheep .. 9,180 10 £s. d. 1,842 cattle .. 6,576 0 0 Saw-bench .. .. .. 12 5 0 54 horses .. 285 0 0 Live-stock at 30th June, 16,041 1 0 1939— £ s. d. Sheep bought .. .. .. 250 7 6 5,112 sheep .. 3,505 17 0 Cattle bought .. .. .. 872 0 0 832 cattle ..3,282 10 0 Horses bought .. .. 25 0 0 20 horses .. 100 0 0 Wages .. .. .. 1,963 19 8 6,888 7 0 Running-expenses, including repairs Sheep bought .. .. 140 0 0 and maintenance .. .. 1,198 0 1 Cattle bought .. .. 164 10 0 Rates.. .. .. .. 750 17 7 Wages .. .. .. 1,958 11 2 Management and office expenses .. 608 14 2 Running-expenses, including repairs — 21,710 0 0 and maintenance .. .. 737 17 8 Rates .. .. .. 205 12 3 Balance at credit at 30th June, 1940 .. .. £43,869 5 0 Interest .. .. .. 1,154 8 4 Management and office expenses 308 14 2 11,570 5 7 28,684 2 5 Credits. — 1938 wool— £ s. d. Realized .. .. 1,526 9 11 Valued last year .. 1,256 0 0 270 9 11 1939 woolRealized .. .. 1,282 5 1 Oeaihatj Station. Valued last year .. 1,257 0 0 £ s. d. 25 5 1 Balance at debit at 30th June, 1939 .. .. 19,719 510 1940 wool — Sold .. .. 1,454 19 10 Unrealized .. 169 12 7 Debits. 1,624 12 5 £ s. d. 1939 mutton— New store-room .. .. 20 18 5 Unrealized .. 139 16 0 Live - stock at 30th Unrealized still .. 139 16 0 June, 1939— £ s. d. 3,200 sheep .. 2,245 2 0 Sheep sold .. .. .. 976 9 5 367 cattle .. 1,296 10 0 Cattle sold .. .. .. 1,244 17 6 II horses .. 55 0 0 Skins and hides sold .. .. 34 6 10 3,596 12 0 Meat sold .. .. .. 33 9 6 Sheep bought .. .. .. 1,003 0 0 Old whare sold .. .. 915 10 Cattle bought .. .. .. 67 10 0 Live-stock at 30th June, Wages .. .. • • 717 411 1940 — £ s. d. Running-expenses, including repairs 5,106 sheep .. 3,550 14 0 and maintenance .. .. 706 6 5 719 cattle .. 2,852 10 0 Rates .. .. .. .. 37 10 0 19 horses .. 95 0 0 Interest .. .. ■■ 1,074 6 9 6,498 4 0 Management and office expenses .. 158 14 3 10,717 10 6 7,382 2 9 Balance at debit at 30th June, 1940 .. .. £17,966 11 11 27,101 8 7

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MANGATU No. I—continued.1 —continued. Statement of Accounts foe the Year ended 30th June, 1940 —continued. Kokomqko Station. Waitangirua Station. £ s. d. £ s. d. Balance at debit at 30th June, 1939 .. .. 11,223 12 9 Balance at debit at 30th June, 1939 .. •• 18,487 810 Debits. £ s. d. Debits. Fencing .. .. .. 129 0 8 £ s. d. Live-stock at 30th June, Seed .. .. •• 196 17 4 1939— £ s. d. Live-stock at 30th June, 4,017 sheep .. 2,729 19 0 1939 £ s. d. 647 cattle .. 2,549 0 0 3,349 sheep ..2,642 18 0 24 horses .. 135 0 0 43(5 cattle ..1,818 17 0 5,413 19 0 22 horses .. 346 0 0 Sheep bought .. .. 200 0 0 4,807 15 0 Cattle bought .. .. 1,214 10 0 Sheep bought .. .. 585 16 6 Horses bought .. .. 39 10 0 Wages .. .. .. 1,246 15 0 Wages .. .. .. 1,355 18 7 Running-expenses, including repairs Running-expenses, including repairs and maintenance .. . . 1,136 2 1 and maintenance .. .. 715 13 5 Rates .. .. .. 190 5 11 Rates .. .. .. 294 18 5 Interest .. .. .. 765 0 9 Interest .. .. .. 1,106 8 4 Management and office expenses 180 0 0 Management and office expenses 208 14 2 5 9,108 12 7 — 10,678 12 7 20,332 5 4 29,166 1 5 Credits. 1938 wool— £ s. d. Realized .. .. 52 8 3 Credits. Valued at .. .. 30 0 0 22 8 3 1939 wool— £ s. d. 1939 woolRealized .. .. 650 5 8 Realized .. .. 85 7 0 Valued at 518 0 0 Valued at .. 80 0 0 132 5 8 5 7 0 1940 wool— 1940 woolSold .. .. 1,362 19 10 Sold .. .. 839 7 4 Unrealized .. 116 9 2 Unrealized .. 146 16 6 1,479 9 0 986 3 10 1939 mutton and lamb — . 1939 muttonUnrealized .. 740 7 0 Unrealized .. 157 0 0 Unrealized still .. 740 7 0 Unrealized still .. 157 0 0 Sheep sold .. .. .. 1,677 3 8 Sheep sold .. .. .. 708 7 10 Cattle sold .. .. .. 442 3 0 Cattle sold .. .. .. 1,095 3 1 Skins and hides sold .. 37 11 7 Skins and hides .. .. 25 11 1 Meat sold .. .. .. 13 19 8 Meat sold .. .. .. 21 16 6 Chaff sold .. .. .. 225 6 8 Timber royalties .. .. 675 16 9 Live-stock at 30th June, Live-stock at 30th June, 1940— £ s. d. 1940— £ s. d. 3,677 sheep .. 2,757 13 0 3,764 sheep ..2,616 15 0 478 cattle .. 2,027 3 0 623 cattle .. 2,588 0 0 20 horses .. 340 0 0 25 horses .. 140 0 0 5,124 16 0 5,344 15 0 9,132 15 3 8,885 9 4 Balance at debit at 30th June, 1940 £11,199 10 1 Balance at debit at 30th June, 1940 .. .. £2°,28° 12 1

Statement of Stock depastured on Stations as at 30th June, 1940.

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Sheep. Cattle. Horses. Total. Station. - Number. Value. Number. Value. Number. Value. Number. Value. £ s. d. £ s. d. £ s. d. £ s. d. Kokomoko (flock) .. .. 3,421 2,249 9 0 389 1,342 10 0 20 340 0 0 3,830 3,931 19 0 (Stud) .. .. 256 508 4 0 89 684 13 0 .. .. 345 1,192 17 0 Mangatahu. .. .. 7,106 4,849 0 0 764 2,694 0 0 12 75 0 0 7,882 7,618 0 0 Okaihau .. .. 3,230 2,273 3 0 247 822 10 0 11 55 0 0 3,488 3,150 13 0 Pukutarewa (flock) .. .. 6,904 4,877 19 0 795 2,816 10 0 103 1,295 0 0 7,802 8,989 9 0 (stud) .. 702 2,483 5 0 208 1,723 0 0 2 30 0 0 912 4,236 5 0 Tarndale .. .. 5,106 3,550 14 0 719 2,852 10 0 19 95 0 0 5,844 6,498 4 0 Waitangirua .. .. 3,764 2,616 15 0 623 2,588 0 0 25 140 0 0 4,412 5,344 15 0 Wairere .. .. •• 12,910 8,848 4 0 1,697 6,068 10 0 51 270 0 0 14,658 15,186 14 0 43,399 32,256 13 0 i 5,531 21,592 3 0 243 2,300 0 0 49,173 56,148 16 0

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MANGATU Nos. 3 and 4. Balance-shket as at 30th June, 1940. Liabilities. £ s. d. Assets. Mangatu No. 1 .. .. .. .. 3,864 1 2 Freehold properties—• £ s. d. £ s. d. Capital Account .. .. .. .. 39,640 0 0 Mangatu No. 3 .. .. 21,640 0 0 Mangatu No. 4 .. .. 18,000 0 0 39,640 0 0 Improvements— £ s. d. Fencing .. .. 577 IS 7 Survey .. .. 541 17 0 1.119 15 7 Revenue Account .. 2,232 9 0 Add balance, Income Account .. 511 16 7 2,744 5 7 3,864 1 2 £43,504 1 2 £43,504 1 2 Auditors' Certificate. We have audited the accounts of Mangatu Nos. 3 and 4 Blocks, East Coast Native Trust Lands, for the year ended 30th June, 1940, and our report on the audit of the accounts is contained in our letter of even, date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Co., Public Accountants, Auditors. Wellington, 30th September, 1940. Income Account as at 30th June, 1940. £ s. d. £ s. d. Interest .. .. .. .. .. 136 0 9 Rent collected .. .. .. .. 706 II 2 Distribution .. .. .. .. .. 920 0 0 Balance .. .. .. .. .. 511 16 7 Land-tax .. .. .. .. .. 7 16 8 Rates .. .. .. .. .. 94 3 9 Management .. .. .. .. .. 60 6 7 £1,218 7 9 £1,218 7 9 MANGATU No. 3. Statement of Accounts for the Year ended 30th June, 1940. £ s. d. Balance at credit at 30th June, 1939 .. .. 10,419 3 4 Credits. £ s. d. Rent received .. .. .. 706 11 2 Interest .. .. .. .. 485 16 1 1,192 7 3 11,611 10 7 Debits. Distribution . . .. .. 920 0 0 Land-tax . . .. .. .. 7 16 8 Management and office expenses .. 35 6 7 963 3 3 Balance at credit at 30th June, 1940 .. .. £10,648 7 4 MANGATU No. 4. Statement of Accounts for the Year ended 30th June, 1940. £ s. d. Balance at debit at 30th June, 1939 .. .. 13,771 7 11 Debits. £ s. d. Rates .. .. .. .. 94 3 9 Interest .. .. .. .. 621 16 10 Management and office expenses .. 25 0 0 741 0 7 Balance at debit at 30th June, 1940 .. .. £14,512 8 6

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30th September, 1940. Sib, — We report that we have completed the audit of the accounts of the Mangatu No. 1 Block for the twelve months ended 30th June, 1940, also the accounts for the Mangatu Nos. 3 and 4 Blocks for the same period. We attach hereto a set of the foregoing accounts. We have the following comments to make : — Freehold Property.—We have not inspected the title deeds relative to the properties, but have accepted the certificate from the mortgagee, the District Public Trustee, that he is holding certain of the documents as security for advances. The Solicitors to the Trust have also certified that they are holding on behalf of the East Coast Commissioner the documents relating to the Mangatu Blocks which arc not subject to mortgage. Stock. —We have accepted the numbers and values of live-stock on the stations as at 30th June, 1940, as certified to by the Farm Managers and Mr. H. Syine, the Farm Supervisor. Distributions. —In cases where payments have been made to Natives during the year under review from the Tairawhiti District Maori Land Board we have accepted the Board's receipts for moneys paid to them, but have not checked the individual receipts of the Natives concerned. The same procedure has been adopted as in previous years, and the individual receipts of the Natives will be checked by the Government auditors in the course of their audit of the Tairawhiti District Maori Land Board. The amount distributed to beneficiaries for the year under review was £4,222 10s. Mutton and Lamb unrealized (Cr. £1,672 175.) The mutton and lamb unrealized is deducted in the Balance-sheet from the wool, produce, and building-materials on hand. Account sales had not been received at 30th June, 1940, for certain consignments of mutton which were on hand at 30th June, 1939. In the meantime, the gross proceeds which were received' have been credited to "Mutton unrealized," and when the complete account sales come to hand an adjustment will be made by crediting the stations concerned. Mangatu Nos. 3 and 4. These accounts are incorporated in the books of No. 1 Block, but separate Balance-sheet, Income Account, and Statements have been prepared. Subject to the foregoing remarks, we certify that to the best of our knowledge and belief the accounts signed by us are correct. We have, <fcc., Clarke, Menzies, Griffin, and Co., Public Accountants, Auditors. The Hon. the Minister of Native Affairs, Wellington, C. 1.

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