EAST COAST NATIVE TRUST LANDS MANGATU Nos. 1, 3, and 4 BLOCKS BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1944, TO 30th JUNE, 1945

Appendix to the Journals of the House of Representatives, 1945 Session I, G-04

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1945 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, 1944, TO 30th JUNE, 1945

Presented to both Houses of the General Assembly in pursuance of Section 40 of the Native Pur-poses Act, 1931

MANGATU No. 1 Balance-sheet as at 30th June, 1945 Liabilities Assets £ s. d. Public Trustee— £ s. d. £ s. d. Freehold lands .. .. .. .. 302,280 13 9 Mortgages.. .. .. 148,237 5 0 £ s. d. Interest due .. .. 3,141 14 4 Sundry debtors .. .. 3,681 14 5 —-— 151,378 19 4 Rent due by occupation licensees 259 19 8 Bank of New South Wales — — 3,941. 14 1 Current account .. .. 14,165 4 2 Mangatu water-supply .. .. 70 14 3 Interest accrued .. .. 195 10 9 Investments—14,360 14 11 Williams and Kettle, Ltd. : State Advances Corporation: Shares .. .. . . 35 0 0 Half-share of mortgage of War loans.. .. .. 30,110 0 0 office premises .. .. .. 1,055 16 8 —— Mangatu 3 and 4 .. .. .. 5,658 0 10 30,145 0 0 East Coast Commissioner .. .. 25,726 2 3 Interest accrued .. .. 142 5 0 Rated accrued .. .. .. 146 0 11 30,287 5 0 Rent due by occupation licensees .. 259 19 8 Office premises— Sundry creditors .. .. .. 2,598 4 8 Half-share section .. .. 300 0 0 Distribution Account— Half-share building. . .. 1,631 9 4 No. 1 .. .. .. 4,576 0 1 No. 3 .. .. .. 1,391 14 10 1,931 9 4 5,967 14 11 Less depreciation.. .. 205 4 8 Capital Account .. .. 312,058 12 1 1,726 4 8 Income Account .. .. 54,918 16 8 Dome Station .. .. 10,823 15 II 366,977 8 9 Komihana Station .. .. 489 10 7 Mangatahu Station .. .. 11,610 18 10 Maia Station .. .. 1,579 5 9 Maungahaumi Station .. 401 14 1 Okaihau Station .. .. 9,018 6 3 Omapere Station .. .. 1,768 9 6 Te Apiti Station .. .. 15 0 0 Tarewa Stud .. .. 15,327 5 1 Tarn dale Station .. .. 6,588 1 3 Te Hua Station .. .. 2,186 0 3 Waitangirua Station .. .. 7,308 16 4 Wairere Station .. .. 29,021 16 8 Waikakariki Station .. .. 10,205 10 0 106,944 10 6 Plant and furniture on stations.. 11,291 18 5 118,236 8 11 Live-stock on stations .. .. 108,051 13 3 Chevrolet truck .. .. .. 475 0 0 Improvements, Whatatutu Cottage .. 232 7 0 Wool unrealized .. .. 5,526 0 0 Mutton and lamb unrealized .. 787 5 4 Produce unrealized .. .. 2,504 16 8 8,818 2 0 £574,129 2 11 £574,129 2 11 Auditors' Certificate We have audited the accounts of Mangatu No. 1 Block, Bast Coast Native Trust Lands, for the year ended 30th June, 1945, 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., Wellington, N.Z., 16th October, 1945. Public Accountants, Auditors.

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MANGATO No I.—continued Income Account foe the Year ended 30th June, 1945 £ s. d. £ s. d. Distributions .. .. .. .. 12,667 10 0 Balance at credit at 30th June, 1944 .. .. 25,940 0 7 Donations — £ s. d. Profits for year ended 30th June, 1945— £ s. d. Patriotic Council Fund .. .. 90 0 0 Dome Station .. .. 3,651 10 9 Maori Battalion Fund .. .. 34 17 3 Komihana Station .. .. 5,753 0 8 Ringatu Church Fund .. 22 10 0 Mangatahu Station .. .. 5,708 1 9 St. Mary's Church Fund .. .. 10 0 0 Maia Station .. .. 4,559 0 3 Church of England Fund .. .. 92 2 0 Maungahaumi Station .. 7,762 15 8 Tairawhiti Kiwi Club .. .. 25 0 0 Omapere Station .. .. 2,956 3 7 Ngati Poneke Club .. ~ 25 0 0 Tarndale Station .. .. 1,586 2 5 Hiruharama Meeting-house .. 30 0 0 Te Hua Station .. .. 7,295 19 4 Rangitukia Meeting-house .. 30 0 0 Wairere Station .. .. 9,150 12 2 Ruatoki Meeting-house .. .. 25 0 0 _Waikakariki Station .. .. 1,555 4 4 T. Mitchell Memorial Bell Trustees .. 25 0 0 Sir A. T, Ngata .. .. .. 100 0 0 49,978 10 11 Puita Potae Tangi .. 10 0 0 Less losses £ s. d. Wreaths, late R. Jackson .. 3 0 0 Okaihau Station 130 14 0 522 9 3 Te Apiti Station 4,939 13 9 Committee— Tarewa Stud Fees .. .. .. 322 7 0 Station .. 3,142 7 10 Expenses .. .. .. 48 0 8 Waitangirua Tolls .. .. .. 13 11 8 Station .. 997 1 4 Wellington Conference .. .. 49 13 8 — 9,209 16 11 Secretary's salary .. .. 140 10 9 40,768 14 0 574 3 9 Rent collected ex occupation licensees 234 15 4 Survey, Mangatu Pa .. .. .. .. 15 15 0 Rent collected .. .. 426 10 8 Expenses re Opotiki Boundary Commission .. 25 0 0 661 6 0 Land-tax .. .. .. .. .. 355 Proportion, war-damage premium .. .. 8 6 4 Rates .. .. .. .. .. 22 5 1 Interest .. .. .. .. .. 1,403 19 7 Management and office expenses : 5 per cent, on rent collected .. .. .. .. 33 1 4 Balance .. .. .. .. 54,918 16 8 £68,782 6 6 £68,782 6 6 Statement op Account for the Year ended 30th June, 1945 DOME STATION KOMIHANA STATION Debits £ s. d. Debits £ s. d. Balance at debit at 30th June, 1944 .. 10,823 15 11 Balance at debit at 30th June, 1944 .. 449 4 2 Plant and furniture at 30th June, £ s. d. Plant and furniture at 30th June, £ s. d. 1944 .. .. .. .. 336 3 6 1944 .. .. .. .. 1,167 16 0 Plant and furniture bought .. 144 1 5 Concreting yards.. .. .. .40 6 5 480 4 11 — 1,208 2 5 Live-stock at 30th June, Live-stock at 30th June, 1944— £ s. d. 1944— £ s. d. 6,836 sheep .. 4,613 0 0 8,471 sheep .. 5,678 5 0 882 cattle .. 2,904 10 0 895 cattle .. 3,237 10 0 13 horses 95 0 0 18 horses .. 120 0 0 —— 7,612 10 0 — 9,035 15 0 Sheep bought .. .. .. 105 0 0 Sheep bought .. .. .. 191 0 0 Horse bought .. .. .. 8 0 0 Cattle bought .. .. .. 282 0 0 Wages .. .. .. .. 1,557 8 0 Wages .. .. .. .. 1,868 8 0 Running-expenses, including repairs Running-expenses, including repairs and maintenance .. .. 793 4 1 and maintenance .. .. 854 13 7 Rates .. .. .. .. 428 8 11 Rates .. .. .. . . 532 14 7 Interest.. .. .. .. 737 2 7 Interest.. .. .. .. 396 7 4 Management and office expenses .. 317 0 0 Management and office expenses .. 362 8 0 Profit for year .. .. .. 3,651 10 9 Profit for year .. .. .. 5,753 0 8 15,210 4 4 ' 19,276 7 2 26,514 5 2 20,933 13 9 Credits 1944 wool — £ s. d. Surplus .. 611 13 5 Realized £206 7s. Bd.; valued at £144 .. 62 7 8 Credits 674 1 1 1944 wool— £ s. d. 1945 wool— Surplus .. 465 9 3 Sold .. .. 3,977 8 10 Realized £70 4s. 3d.; 10 per cent, retenvalued at £56 14 4 3 tion money .. 470 0 0 479 13 6 Unrealized .. 104 0 0 1945 wool— 4,551 8 10 Sold .. .. 2,957 19 0 * Sheep sold .. .. .. 3,664 6 5 10 per cent, reten- Cattle sold .. .. .. 1,313 12 8 tion money . . 340 0 0 Skins and hides sold .. .. 50 10 0 Unrealized .. 80 0 0 Mutton and lamb— ■ — 3,377 19 0 Realized .. 1,145 10 2 Sheep sold .. .. .. 2,967 10 8 " Valued at .. 960 12 0 Cattle sold .. .. .. 1,209 16 9 — 184 18 2 Skins and hides sold .. .. 19 12 5 Live-stock at 30th June, Live-stock at 30th June, 1945— 1945— 8,078 sheep .. 5,366 0 0 6,158 sheep .. 4,210 12 0 918 cattle .. 3,35110 0 893 cattle .. 2,850 0 0 18 horses .. 120 0 0 10 horses .. 95 0 0 — 8,837 10 0 7,155 12 0 — — 19,276 7 2 15,210 4 4 Plant and furniture at 30th June, Plant and furniture at 30th June, 1945 480 411 1945. . .. .. .. 1,167 16 0 15,690 9 3 20,444 3 2 Balance at debit at 30th June, 1945 .. £10,823 15 11 Balance at debit at 30t.h June, 1945 ~ £489 10 7 —— ■ ' T

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MANGATU No. I—continued Statement of Account for the Year ended 30th June, 1945 —continued MAIA STATION MANGATAHU STATION —continued Debits £ s. d. Credits Balance at debit at 30th June, 1944 .. 1,579 5 9 Wool —• £ s. d. £ s. d. £ s. d. Plant and furniture at 30th June, £ s. d. Sold .. .. 4,051 4 9 1944 .. .. .. 724 14 7 Unrealized .. 400 0 0 Plant and furniture bought .. 36 12 6 4,451 4 9 __ 761 7 1 Sheep sold .. .. .. 3,613 7 10 Live-stock at 30th June, Cattle sold .. .. .. 1,646 2 8 1944_ £ g. d. Skins and hides sold .. .. 36 18 5 5,670 sheep .. 3,967 0 0 Live-stock at 30th June, 774 cattle .. 2,746 0 0 1945— 31 horses .. 320 0 0 7,001 sheep .. 4,815 10 0 7,033 0 0 788 cattle .. 2,676 0 0 Sheep bought .. .. .. 385 0 0 10 horses .. 80 0 0 Wages .. .. .. .. 1,967 12 6 7,571 10 0 Running-eipenses, including repairs . and maintenance .. .. 1,458 13 7 17,319 3 8 Rates .. .. .. .. 290 12 4 Plant sold .. 75 0 0 Interest.. .. .. .. 330 5 8 Plant and furniture at Management and office expenses .. 288 13 3 30th June, 1945 614 1 2 Profit for year .. .. 4,559 0 3 ——— 689 1 2 16,312 17 7 Building-material transferred .. 500 0 0 18,508 4 10 18,653 10 5 — Balance at debit at 30th June, 1945 .. £11,610 18 10 Credits MAUNGAHAUMI STATION 1944 wool— £ s. d. Deb i ts £ B> a. Surplus .. 365 0 5 Balance at debit at 30th June, 1944 .. 211 0 3 Realized £107 14s. Plant and furniture at £ s. d. £ s. d. 2d.; valued at 30th June, 1944 622 14 11 £82.. .. 25 14 2 Plant and furniture 390 14 7 bought .. ■ 20 0 0 1945 wool— 642 14 n Sold •• 2,989 19 4 Dip ~ 510 13 10 10 per cent, reten- 1 ; 153 8 9 tion money .. 350 0 0 Live-stock at 30th June, Unrealized .. 56 0 0 1944 3,395 19 4 11,989 sheep .. 8,285 15 0 Sheep sold .. .. .. 2,956 4 2 1,259 cattle .. 4,720 0 0 Cattle sold .. .. .. 2,294 16 8 16 horses .. 80 0 0 Horses sold .. .. .. 68 0 0 jg ggg 15 0 Skins and hides sold .. .. 57 14 10 Sheep bought .. .. .. 1|057 0 0 Meat sold .. .. .. 24 16 0 Cattle bought .. .. .. 207 10 0 Live-stock at 30th June, Wages .. .. .. .. 2,393 13 7 1945 Running-expenses, including repairs 6,396 sheep .. 4,292 12 0 and maintenance .. .. 1,292 0 3 736 cattle .. 2,557 0 0 Rates _ _ , 578 7 0 25 horses .. 275 0 0 Interest .. .. .. 443 0 9 7,124 12 0 Rent of portion Mangatu No. 3 .. 1,039 13 6 ~ Management and office expenses .. 490 17 0 16,312 17 7 Profit for year .. .. .. 7,762 15 8 Plant and furniture at 30th June, 1945 761 7 1 .... . 28 350 12 9 17,074 4 8 ' - ~~ 29,715 1 9 Balance at debit at 30th June, 1945 .. £1,579 5 9 Credits ====== WOO J £ Surplus .. 774 17 11 Realized £195 ss. 3d.; valued at £136 59 5 3 834 3 2 1945 woolSold .. .. 5,398 13 6 10 per cent, retention monev ■ - 635 0 0 MANGATAHU STATION Unrealized .. 112 0 0 Debits £ s. d. —• 6,145 13 6 Balance at debit at 30th June, 1944 .. 12,110 18 10 Sheep sold .. .. .. 5,753 1 5 £ s. d. Cattle sold .. .. .. 3,022 5 7 Plant and furniture at 30th June, 1944 403 19 9 Horse sold .. .. .. 2 0 0 Plant and furniture bought .. 285 I 5 Skins and hides sold .. .. 64 3 3 689 I 2 Meat sold .. .. .. 17 13 6 Live-stock at 30th June, Mutton and lamb —• 1944 — £ s. d. Realized .. 782 0 4 7,220 sheep .. 4,958 17 0 Valued at .. 637 14 0 769 cattle .. 2,636 0 0 — 144 6 4 10 horses .. 65 0 0 Live-stock at 30th June, 7,659 17 0 1945— Sheep bought .. .. .. 131 5 0 11,560 sheep .. 7,906 16 0 Cattle bought .. .. ■■ 157 0 0 1,166 cattle .. 4,385 10 0 Horse bought .. .. . ■ 10 0 0 15 horses .. 75 0 0 Wages .. .. .. .. 1,500 9 3 12,367 6 0 Running-expenses, including repairs —— and maintenance .. .. 608 5 10 28,350 12 9 Rates .. .. .. .. 459 13 0 Building-materials transferred .. 320 0 0 Interest .. .. 7711810 Plant and furniture at 30th June, Management and office expenses .. 312 13 0 1945 .. .. .. .. 642 14 11 Profit for year .. .. .. 5,708 1 9 —- ———■ 29,313 7 8 17,319 3 8 — Balance at debit at 30th June, 1945 .. .. £401 14 1 30,119 3 8 ======

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MANGATU No. I—continued Statement of Account for the Year ended 30th June, 1945—continued OKAIHAU STATION OMAPERE STATlON—continued Debits £ s. d. Credits Balance at debit at 30th June, 1944 .. .. 8,639 4 0 1944 wool— £ s. d. £ s. d. £ s. d. Plant and furniture at £ s. d. £ s. d. Surplus .. 298 15 0 30th June, 1944 543 16 6 Realized £106165. 3d.; Plant and furniture valued at £72 34 16 3 bought .. 17 0 0 333 j j 3 560 16 6 1945 wool— New road formation to Waitangirua gold .. 2 466 18 7 Stream .. .. .. 979 2 3 10 per cent, retention 1,539 18 9 money .. 290 0 0 Live-stock at 30th June Unrealized .. 48 0 0 1944— £ s. d. 2,804 18 7 4,051 sheep .. 2,907 15 0 Sheep sold .. .. .. 2,406 2 0 313 cattle .. 1,113 10 0 Cattle sold .. .. .. 2,765 6 4 26 horses .. 160 0 0 Skins and hides sold .. .. 40 10 8 4,181 5 0 Meat sold .. .. .. 3 12 6 Sheep bought .. .. .. 1,112 8 0 Live-stock at 30th June, Wages .. .. . . .. 728 13 0 1945— Running-expenses, including repairs 5,374 sheep .. 4,181 5 0 and maintenance .. .. 674 15 3 . 714 cattle .. 3,406 5 0 Rates .. .. .. .. 40 1 11 22 horses .. 320 0 0 Interest .. .. .. 618 8 9 7,907 10 0 Management and office expenses .. 136 4 6 7,491 16 5 16,261 11 4 ■ —• Plant and furniture at 30th June, 1945 1,477 13 9 17,670 19 2 — 17,739 5 1 Credits 1944-wool— £ s. d. Balance at debit at 30th June, 1945 .. £1,768 9 6 Surplus 116 9 4 Realized £100 2s, sd, ; valued at £82 18 2 5 134 11 9 1945 wool— Sold .. .. 1,193 5 1 10 per cent, retention money .. 145 0 0 Unrealized .. 32 0 0 1,370 5 1 Sheep sold .. .. .. 1,355 10 6 TAREWA STUD Cattle sold .. .. .. 150 0 0 n, . Skins and hides sold .. .. 45 2 5 1? , ~ i , OA ,, T , * s - "• M H I , o a ft Balance at debit at 30th June, 1944 .. 13,051 18 5 meat sola Plant and furniture at £ s. d. £ s. d. Sold .. 943 12 3 30th June, 1944 849 13 0 On hand .. 1,220 0 0 Hant and furmture OAI ~ r bought .. 201 14 5 2 163 12 3 1,051 7 5 Posts at 30th June, ' Buildings 2,082 13 1 1944, £500; wages, I)rams 192 13 7 £1,120 18s. 7d... 1,620 18 7 T • * i * M ,u t " 3,326 14 1 13 § Live-stock at 30th June, Livc-stockat 30th June, .. 1,689 7 6 3,293 sheep .. 2,469 15 0 36 * ? attle " *.«»6 » « 313 cattle .. 1,126 0 0 7 horses •• 95 0 0 25 horses .. 155 0 0 Q , r ? 5 q7ka i k A Sheep bought .. .. .. 375 5 2 Loss for year " 130 14 0 Cattle bought 272 0 0 " Wages .. .. .. .. 1,761 8 0 7 491 16 5 Running - expenses, including repairs Plant and furniture at 30th June, 1945 '560 16 6 and maintenance .. .. 2,135 7 2 »«», ,« „ Rates .. .. .. .. 105 7 1 8,052 12 11 Interest 956 3 1 Balance at debit at 30th June, 1945.. .. £9,618 6 3 Management alld office "Pen** • • 0 2 _ OMAPERE STATION 28,899 2 7 Debits £ s. d. Balance at debit at 30th June, 1944 .. 1,448 9 6 Credits Plant and furniture at £ s. d. £ s. d. 1944 wool— £ s. d. 30th June, 1944 1,398 6 3 Realized .. 11 5 0 Plant and furniture Valued at .. 8 0 0 bought .. 79 7 6 3 5 0 1,477 13 9 1945 wool— Building - materials transferred ex Sold .. .. 394 19 7 Maungahaumi .. .. 320 0 0 10 per cent, retention ■ — 1,797 13 9 money .. 45 0 0 Live-stock at 30th June, 430 jij <7 1944 —• £ s. d. Sheep sold .. .. .. 798 411 5,633 sheep .. 4,295 19 0 Cattle sold .. .. .. 1,574- 411 21 horses .. 300 0 0 Skins and hides sold .. .. 24 15 7 734 cattle .. 3,945 15 0 Meat sold .. .. .. 18 0 8,541 14 0 Live-stock at 30th June, Sheep bought .. .. .. 158 15 9 1945.— Cattle bought .. .. .. 10 0 0 824 sheep 1,728 7 0 Wages .. .. .. 1,838 14 11 414 cattle .. 4,782 17 3 Running-expenses, including repairs 5 horses .. 25 0 0 and maintenance .. .. 1,657 16 5 g 53(3 4 3 Rates .. .. .. .. 217 910 Loss for year .. .. .. 3,142 710 Interest . . .. .. 420 I 5 ' J Rent of part Mangatu No. 3 .. 200 5 3 12 520 10 1 Management and office expenses .. 260 10 2 Plant and furniture at 30th June, 1945 1,'051 7 5 Profit for year .. .. .. 2,956 3 13,571 17 6 16,261 11 4 _J Balance at debit at 30th June, 1945 .. £15.327 5 1 19,507 14 7 —

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MANGATU No. I—continued Statement of Account for the Year ended 30th June, 1945—continued TARNDALE STATION TE HUA STATION Debits £ s. d. Debits £ s. d. Balance at debit at 30th June, 1944 .. (5,588 1 3 Balance at debit at 30th June, 1944 .. 2,186 0 3 Plant and furniture at 30th June, 1944 .. 825 12 6 Plant and furniture at 30th June, 1944 .. 535 18 10 Live-stock at 30th June, Live-stock at 30th June, 1944— £ s. d. £ s. d. , 1944— £ s. d. £ s. d. 5,235 sheep .. 3,679 19 0 9,813 sheep .. 6,735 4 0 610 cattle .. 2,230 10 0 1,208 cattle .. 4,18110 0 17 horses .. 85 0 0 39 horses .. 225 0 0 5,995 9 0 _____ 11,141 14 o Sheep bought .. .. ~ 22 10 0 Sheep bought .. .. .. 235 10 0 Wages .. .. .. .. 1,157 7 6 Cattle bought .. .. .. 214 0 0 Running-expenses, including repairs Wages .. .. .. .. 1,903 19 8 and maintenance .. .. 570 2 10 Running-expenses, including repairs Rates .. .. .. 227 13 1 and maintenance .. .. 2,417 9 8 Interest.. .. .. .. 536 15 2 Rates .. .. .. .. 678 15 11 Management and office expenses .. 229 5 1 Interest.. .. .. .. 504 13 3 Profit for year .. .. .. 1,586 2 5 Management and office expenses .. 410 12 5 10,325 5 1 Profit for year . . .. .. 7,295 19 4 ' 24,802 14 3 17,538 18 10 Credits 27,524 13 4 1944 wool— £ s. d. Credits Surplus .. 296 12 0 1944 wool— £ s. d. Realized £94 9s. lid.; Surplus .. 688 6 11 valued at £64 30 9 11 Realized £296 ss. 2d.; 327 1 11 valued at £162 .. 134 5 2 1945 wool — 822 12 1 Sold. .. .. 1,724 10 1 1945 wool— 10 per cent, retention Sold .. .. 4,793 11 6 money .. 205 0 0 10 per cent, retenUnrealized .. 56 0 0 tion money .. 575 0 0 1,985 10 1 Unrealized .. 160 0 0 Sheep sold .. .. .. 1,378 II 11 — 5,528 11 6 Cattle sold .. .. .. 810 2 1 Sheep sold .. .. .. 2,141 8 9 Skins and hides sold .. .. 23 15 1 Meat and lamb-Live-stock at 30th June, Realized .. 1,807 1 11 1945— Valued at .. 1,505 6 0 .5,028 sheep .. 3,531 14 0 301 15 11 591 cattle .. 2,183 10 0 Unrealized .. .. .. 2,131 14 0 17 horses .. 85 0 0 Cattle sold .. .. .. 3,403 14 5 5,800 4 0 Skins and hides sold .. .. 39 II 7 Live-stock at 30th June, 10,325 5 1 1945— Plant and furniture at 30th June, 1945 625 12 6 9,498 sheep .. 6,528 6 0 10,950 17 7 997 cattle .. 3,645 0 0 37 horses .. 260 0 0 Balance at debit at 30th June, 1945 .. £6,588 1 3 10,433 6 0 24,802 14 3 Plant and furniture at 30th Juno, 1945 535 18 10 25,338 13 1 TE APITI STATION Balance at debit at 30th June, 1945 .. £2,186 0 3 Debits £ s. d. ~~ 1 1 Car-shed .. .. .. .. 15 0 0 Plant and furniture .. .. .. 315 5 11 £ s. d. Sheep bought .. .. .. 5,544 1 0 Cattle bought 12 0 WAIKAKARIKI STATION Horses bought .. .. .. 89 10 0 Debits £ s. d. Wages .. .. .. .. 264 16 9 Balance at debit at 30th June, 1944 .. 8,054 17 9 Running-expenses, including repairs Plant and furniture at £ s. d. £ s. d. and maintenance .. .. 468 4 9 30th June, 1944 600 15 3 Rates .. .. .. 118 11 7 Plant and furniture Interest.. .. .. .. 139 4 1 bought .. 722 16 7 Management and office expenses .. 108 13 2 — — 1,323 11 10 11,091 13 4 Buildings .. .. .. 1,688 17 3 Concrete tank .. .. .. 110 11 5 11,42119 3 Dip .. .. .. .. 351 3 7 Credits 3,474 4 1 Sheep sold .. .. .. 1,071 3 7 Live-stock at 30th June, Wool unrealized .. .. .. 24 0 0 1944— Live-stock at 30th June, 4,360 sheep .. 3,195 10 0 1945, written down 850 cattle .. 2,811 10 0 to book values— £ s. d. 57 horses .. 558 0 0 3,568 sheep .. 2,482 6 0 6,565 0 0 711 cattle .. 2,499 10 0 Sheep bought .. .. .. 158 6 0 9 horses .. 75 0 0 Wages .. .. .. .. 1,511 12 1 5,056 16 0 Running-expenses, including repairs Loss .. .. .. .. 4,939 13 9 and maintenance .. .. 2,487 0 9 Rates .. .. .. .. 308 4 4 11,091 13 4 Interest .. .. .. 670 18 1 Plant and furniture on hand .. 315 511 Management and office expenses .. 206 2 8 11,406 19 3 Profit for year .. .. .. 1,555 4 4 * 13,462 8 3 Balance at debit at 30th June, 1945 .. £15 0 0 r-==-= 24,991 10 1

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MANGATU No. I—continued Statement of Account for the Year ended 30th June, 1945 —continued WAIKAKARIKI STATION —continued WAIRERE STATlON—continued Credits £ s. d. £ s. d. Credits—continued 1944 wool: Surplus . . •. 546 410 £ s. d. £ s. d. 1945 wool— £ s. d. Brought forward .. .. 17,706 22 Sold .. .. 2,181 1 5 Live-stock at 30th June, 10 per cent, reten- 1945— £ s. d. tion money .. 245 0 0 12,657 sheep .. 8,733 9 0 Unrealized .. 32 0 0 1,410 cattle .. 5,048 0 0 2,458 1 5 62 horses .. 325 0 0 Sheep sold 2,130 14 10 14,106 9 0 Cattle sold .. .. .. 2,852 19 4 Horse sold .. .. .. 6 0 0 31,812 11 2 Skins and hides sold .. .. 30 7 10 Plant and furniture at 30th June, Meat sold .. .. •• 2 8 0 1945 .. .. .. .. 1,096 13 7 Live-stock at 30th June, 32,909 4 9 1945— 4,212 sheep .. 3,002 12 0 Ralance at debit at 30th June, 1945 .. £29,021 16 8 570 cattle .. 1,880 0 0 -=■ 59 horses .. 553 0 0 WAITANGIRUA STATION 5,435 12 0 Debits £ s. d- ~ ~ Balance at debit at 30th June, 1944 .. 7,308 16 4 13,462 8 3 Plant and furniture at 30th June, 1944 .. 686 14 0 Plant sold .. 48 0 0 Live-stock at 30th June, Plant and furniture at 1944 — £ s . d. £ g , <J. 30th June, 1945 1,275 11 10 4,018 sheep .. 2,845 4 0 1,323 11 10 781 cattle .. 2,912 10 0 14,786 0 1 34 horses .. 205 0 0 — 5,962 14 0 Balance at debit at 30th June, 1945 .. £10,205 10 0 gheep bought .. .. .. 148 0 0 _ c a ttle bought .. .. 1,539 6 0 Horses bought .. . . .. 40 0 0 Wages .. .. .. .. 1,561 5 3 WAIRERE STATION Running-expenses, including repairs Debits £ s. d. and maintenance .. .. 1,085 14 11 Balance at debit at 30th June, 1944 .. 29,021 16 8 Rates .. .. .. .. 321 15 1 Plant and furniture at 30th June, 1944 .. 1,096 13 7 Interest .. .. .. 620 19 0 Live-stock at 30t,h June, Management and office expenses .. 244 5 5 1944 — £ s. d. £ s. d. 11,523 19 8 13,063 sheep .. 8,963 5 0 1,766 cattle .. 6,173 10 0 19,519 10 0 58 horses .. 320 0 0 Credits 15,456 15 0 1944 wool— • £ s. d. Sheep bought .. .. .. 341 10 0 Surplus .. 209 5 0 Cattle bought .. .. .. 16 0 0 Realized £40 2s. Id.; Wages .. .. .. • • 2, 559 5 3 valued at £40 0 2 1 Running-expenses, including repairs — 209 7 1 and maintenance .. .. 1,172 2 8 1945 wool— Rates 799 6 0 Sold 1,237 1 5 Interest .. •• 1,754 10 3 10 per cent, retenManagement and office expenses .. 562 910 tion money .. 145 0 0 Profit for vear .. .. .. 9,150 12 2 Unrealized .. 40 0 0 31,812 11 2 1,422 1 5 Sheep sold .. .. 1,429 8 3 61,931 1 5 Cattle sold .. .. .. 1,468 15 0 Credits Skins and hides sold .. .. 26 16 11 1944 wool — £ s. d. £ s. d. Meat sold .. .. .. 22 8 Surplus .. 874 5 5 Live-stock at 30t,h June, Realized £305 10s. 9d ; 1945— valued at £192 .. 113 10 9 3,963 sheep .. 2,694 17 0 987 16 2 804 cattle .. 3,038 10 0 1945 wool 38 horses .. 235 0 0 Sold .. .. 5,941 6 3 5,968 7 0 10 per cent, reten- Loss for year .. .. .. 997 1 4 tion money .. 705 0 0 Unrealized .. 232 0 0 11,523 19 8 6,878 6 3 Plant and furniture at 30th June, Sheep sold .. .. .. 5,260 14 8 1945 .. .. .. .. 686 14 0 Cattle sold .. .. •• 4,518 2 9 ' ' 12,210 13 8 Skins and hides sold .. .. 54 6 1 — Meat sold .-. .. •• 6 16 3 Balance at debit at 30th June, 1945 .. £7,308 16 4 Carried forward .. . . 17,706 22

Statement of Live-stock depastured on Stations as at 30th June, 1945

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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. Dome Station . . .. 6,158 4,210 12 0 893 '2,850 0 0 10 95 0 0 7,001 7,155 12 0 Komihana Station .. .. 8,078 5,366 0 0 918 3,351 10 0 18 120 0 0 9,014 8,837 10 0 Mangatahu Station .. .. 7,001 4,815 10 0 788 2,676 0 0 10 80 0 0 7,799 7,571 10 0 Maia Station .. .. 6,396 4,292 12 0 736 2,557 0 0 25 275 0 0 7,157 7,124 12 0 Maungahaumi Station .. 11,560 7,906 16 0 1,166 4,385 10 0 15 75 0 0 12,741 12,367 6 0 Okaihau Station .. .. 3,293 2,469 15 0 313 1,126 0 0 25 155 0 0 3,631 3,750 15 0 Omapere Flock .. . . 5,023 3,435 15 0 529 1,733 10 0 n 22 320 0 0 5,574 5,489 5 0 Omapere Stud .. .. 351 745 10 0 185 1,672 15 0 .. .. 536 2,418 5 0 Pukutarewa Stud .. .. 824 1,728 7 0 414 4,782 17 3 5 25 0 0 1,243 6,536 4 3 Te Apiti Station .. .. 3,568 2,482 6 0 711 2,499 10 0 9 75 0 0 4,288 5,056 16 0 Tarndale Station .. .. 5,028 3,531 14 0 591 2,183 10 0 17 85 0 0 5,636 5,800 4 0 Te Hua Station .. .. 9,498 6,528 6 0 997 3,645 0 0 37 260 0 0 10,532 10,433 6 0 Waitanjzirua Station.. .. 3,963 2,694 17 0 804 3,038 10 0 38 235 0 0 4,805 5,968 7 0 Wairere Station .. .. 12,657 8,733 9 0 1,410 5,048 0 0 62 325 0, 0 14,129 14,106 9 0 Waikakariki Station .. 4,212 3,002 12 0 570 1,880 0 0 59 553 0 0 4,841 5,435 12 0 87,610 61,944 1 0 11,025 43,429 12 3 352 2,678 0 0 98,987 108,051 13 3

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MANGATU Nos. 3 AND 4 Balance-sheet as at 30th June, 1945 Liabilities £ s. d. Assets Capital Account .. .. .. .. 29,640 0 0 Freehold property— £ s. d. £ s. d. £ s. d. Mangatu No. 3 .. .. 21,640 0 0 Revenue Account .. .. 7,607 18 9 Mangatu No. 4 .. .. 8,000 0 0 Less balance . . .. .. 830 2 4 ——— — 29,640 0 0 —, 6,777 16 5 Mangatu No. 1 .. .. .. .. 5,658 0 10 Improvements— Fencing .. .. .. 577 18 7 Survey .. .. .» 541 17 0 1,119 15 7 £36,417 16 5 £36,417 16 5 Auditors' Certificate We have audited the accounts of the Mangatu Blocks 3 and 4, East Coast Native Trust Lands, for the year ended 30th June, 1945, 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., Wellington, 16th October, 1945. Public Accountants, Auditors. Income Account as at 30th June,l94s £ s. d. £ s» d. £ s. d. Distributions .. .. .. .. 1,840 0 0 Rent received .. .. .. 1,239 18 9 Rates .. .. .. .. ~ 220 5 5 Interest :. .. .. 122 0 11 Land-tax .. .. .. .. .. 7 16 8 1,361 19 8 Management and office expenses (two years) .. 123 19 II Balance.. .. .. .. .. 830 2 4 £2,192 2 0 £2,192 2 0 MANGATU No. 3 Statement of Account for the Year ended 30th June, 1945 Credits £ s. d. Balance at credit at 30th June, 1944 .. 13,052 18 2 £ s. d. Rent received .. .. .. 1,239 18 9 Interest .. .. .. 403 10 7 1,643 9 4 14,696 7 6 Debits Distributions .. .. .. 1,840 0 0 Land-tax .. .. .. 7 16 8 Rates .. .. .. .. 120 12 11 Management and office expenses (two years) .. .. .. 123 19 11 2,092 9 6 Balance at credit at 30th June, 1945 .. £12,603 18 0 MANGATU No. 4 Statement of Account for the Year ended 30th June, 1945 Debits £ s. d. Balance at debit at 30th June, 1944 .. 6,564 15 0 £ s. d. Rates .. .. .. .. 99 12 6 Interest .. .. ■ • 281 9 8 381 22 Balance at debit at 30th June, 1945 .. £6,945 17 2 16th October, 1945. The Hon. the Minister for Native Affairs, Wellington. Sir, — We report that we have completed the audit of the accounts of Mangatu Block No. 1 for the year ended 30th June, 1945, also the accounts of the Mangatu Nos. 3 an.d 4 for the same period, and attach a set of the 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 of mortgagee, the District Public Trustee, that he is holding certain 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 are not subject to mortgage.

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Station Improvements. —In cases where leases fall due and no compensation is payable, the value of improvements on the land at the date it is taken over from the outgoing lessee is not included as an asset of the particular station concerned. We consider that a valuation of the improvements should be made at the date of the expiry of the lease and the accounts adjusted accordingly. In this connection we would refer you to the Te Apiti Station, which has been taken over during the year under review, where the value of the improvements as disclosed by the accounts amounts to £15. We are of the opinion that a valuation of the improvements on all stations should be made as early as possible and the necessary adjustments recorded in the accounts so that the stations will be on a uniform basis in this direction. Live-stock.—We have accepted the numbers and values of live-stock on stations as at 30th June, 1945, as certified by the Farm-managers and Mr. H. Syme, the Farm Supervisor. Distributions. —We have verified all payments in connection with the following distributions made to beneficiaries during the year ended 30th June, 1945 : — £ s. d. Mangatu No. 1 .. .. .. .. .. .. 12,667 10 0 Mangatu No. 3 .. .. .. .. .. .. .. 1,840 0 0 In addition to the above distributions, the following sums have also been paid and charged in the Income Account as follows :— £ s. d. Donations .. .. .. .. .. .. .. .. 522 9 3 Committee fees and expenses .. .. .. .. .. .. 574 3 9 Station Accounts. —The Pukutarewa Station has now been subdivided, and in the accounts for the year ended 30th June, 1945, appears under the headings of Tarewa Stud and Waikakariki Station. A new station is included under the name of " Te Apiti," and the Income Account discloses a loss for the year ended 30th June, 1945, on this station of £4,939 13s. 9d. Of this loss, approximately £4,000 is accounted for by adjusting the value of the stock at 30th June, 1945, to standard values. Freehold Lands.—The Freehold Account has been increased by £700 by the purchase of certain land for which the necessary authority has been obtained. 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, &c., Clarke, Menzies, Griffin, and Co., Public Accountants, Auditors.

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