EAST COAST NATIVE TRUST LANDS BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1945, TO 30th JUNE, 1946

Appendix to the Journals of the House of Representatives, 1947 Session I, G-03-part01

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1940 NEW ZEALAND

EAST COAST NATIVE TRUST LANDS BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1945, TO 30th JUNE, 1946

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

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EAST COAST NATIVE TRUST LANDS Balance-sheet as at 30th June, 19 46 Liabilities Assets State Advances Corporation : Half-share, mortgage office £ 8. d. £ s. d. premises.. . .. .. •• •• 980-12 7 Freehold lands .. .. .. .. .. 367,300 14 1 Bank of New South Wales— £ s. d. Live-stock on stations as per Schedule . . .. .. 69,421 3 0 Current Account .. .. .• 25,646 2 4 Plant and furniture on stations .. .. .. 11,265 13 8 Interest accrued .. .. •• 260 3 6 Mangatu No. 1 .. .. .. .. 7,112 8 7 , 25,906 5 10 £ s. d. Rates accrued .. .'. ... •• .. 1,208 9 4 ; Sundry debtors .. .. .. 1,478 13 4 Sundry creditors .. .. .. ■• •• 4,987 17 11 Rent due .. .. .. .. 5,193 6 6 Rent due 5,193 6 6| 6,67119 10 Amount at credit of various Block Distribution Accounts . . 8,868 14 3 Amounts due by sundry Natives .. .. .. 12,347 3 0 Amount due to sundry Natives .. . . .. 220 3 2 Ngapakira live-stock .. .. .. .. 1,440 15 0 Special Reserve Account .. .. .. . . 3,047 14 10 Investments— Balance .. .. .. .. •• •• 456,798 2 11 Gisborne Sheep-farmers' £ s. d. Frozen Meat and Mercantile Co., Ltd. : Shares .. .. 1,458 0 0 Less amount written down .. .. 1,093 10 0 . : 364 10 0 Hawke's Bay Farmers, Ltd. .. .. 17 10 0 AVilliams and Kettle, Ltd. .. .. 262 10 0 f'ommon, Shelton, and Co.. Ltd. .. 2 8 6 Geo. H. Scales, Ltd. . . . . 15 0 648 3 6 War loans— Stock .. .. .. .. 18,830 0 0 Interest accrued . . . . . . 107 8 9 . 18,937 8 9 Inscribed stock .. .. .. 6,099 5 0 Interest accrued .. . . .. 68 15 II Office premises— £ s. d. Half-share section . . 300 0 0 Half-share building .. 1,631 9 3 1,931 9 3 Less depreciation . . . . . . 229 14 0 1,701 15 3

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I Office furniture and fixtures .. . . .. .. 175 0 0 Travelling plant . . .. . . . . .. 625 0 0 Holiday-pay stamps in liand . . .. . . .. 9 5 9 Building-materials . . .. . . . . .. 428 18 9 Produce unrealized .. .. . . .. 2,070 3 0 | Station requisites . . .. . . . . .'. 175 14 3 Wool unrealized .. . . .. .. .. 712 0 0 £507,211 7 4 £507,211 7 4 Auditors' Certificate We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1946, 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, and Co.. Public Accountants, Auditors. Wellington, New Zealand, 17th March, 1947.

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EAST COAST NATIVE TRUST LANDS— confirmed Statement showing the position of the various Blocks as at 30th June. 1946 Mangaheia 2d— £ s. d. £ s. d. £ s, d. Paroa Station .. .. .. 35,187 1 0 Live-stock on stations as per Schedule . . .. .. 69,421 3 0 Paroa live-stock .. .. .. 6,913 17 0 Plant and furniture as per Schedule .. .. .. 11,265 13 8 Paroa plant and furniture .. .. 3,230 9 4 £ s. d. £ s. d. Mangapoike A . . .. .. 37,70S 1 1 1 45,331 7 4 Less Paparatu Suspense. . 15 17 7 Less General Account .. .. 10,366 1 4 Less Tukemokihi Suspense 2,286 1 5 34,965 6 0 2,301 19 0 Mangapoike 2a 3 35,466 2 11 Pohaturoa Station .. .. .. 24,718 17 2 Mangapoike 2n .. .. .. .. .. 10,794 18 (i Pohaturoa live-stock .. ~ 5,660 16 0 Mangapoike 2 k .. .. .. .. ..8,026 10 6 Pohaturoa plant and furniture .. 625 8 6 Maraetaha 2. Section 4 .. .. .. .. 6,530 13 2 Maraetaha Maraetaha 2, Sections 3 and 31,005 1 8 6 Less General Account .. .. 3,608 12 5 Patemaru Station .. .. 44,179 11 6 - 27,396 9 3 Less live-stock .. 3.825 2 0 Mangapoike 2b— Less plant and furniture 390 16 0 Mahurangi Station .. .. .. 6,779 12 8 4,215 18 0 Mahurangi live-stock .. .. 0 0 Mahurangi plant and furniture .. 988 16 10 39,963 13 6 —— 16,585 9 6 Less General Account. . .. 15,941 15 7 Maraetaha Id— 24,021 17 11 Kopua Station . . . . . . 6,626 14 2 Mangatu 5 and 6 Kopua live-stock .. .. .. 4,410 13 0 Mangaotane Station .. .. 6,907 6 7 Kopua plant and furniture .*. .. 648 7 9 Less live-stock .. 6,174 3 0 11,685 1-1 11 Less plant and furniture 733 3 7 Paremata 3 6,907 6 7 Iwimii Station .. .. .. 12.767 0 11 Iwinui live-stock .. ..3,783 10 0 Pakowhai Farm .. .. .. 12,114 5 0 Iwinui plant and furniture . . . . 424 8 9 Less live-stock . . 548 10 0 16,974 19 8 Less plant and furniture. . 327 15 li Paremata 4: Hall Account .. .. .. 1,127 16 4 876 5 6 Paremata 73 and 73a .. .. .. .. 586 12 8 11,237 19 6 Tolaga Bay Meeting-house .. .. 260 13 8 Paremata 64 Tolaga Bav potato crop .. .. 78 11 3 No. 1 Account .. .. 8,760 8 0 Tolaga Bay Marae '.. .. .. 575 12 11 No. 2 Account .. .. 1,884 15 11 10,645 3 11 Less Titirangi Station 3,654 3 4 Less live-stock .. 3,266 14 0 Less plant and furniture 104 0 0 7,024 17 4 I -, 3,620 6 7

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Tahora 2c 3, Section 2 Tahora 2c 1, Section 3 Live-stock.. .. .. .. 730 0 0 General Account .. .. 32,554 18 11 Plant .. .. ■• ■■ 27 1 6 Waimaha live-stock .. 6,622 7 0 Waimaha plant and 757 1 6 furniture .. .. 1,247 6 0 Less General Aooount .. .. 76 19 3 - 6BO 2 3 7,869 13 0 Tahora 2a 2 .. .. .. .. •• 823 17 4 Less Waimaha Station 6,112 9 1 Tawapata South No. 1— !> 757 3 11 Onenui Station 7,292 1 7 30,797 16 0 Onenui live-stock .. .. ... 7,857 6 0 Tahora 2c 2, Section 2 14,6911110 Onenui plant and furniture .. ... 1,370 1 7 Tahora 2r, Section 2 16,519 9 2 Papanui Station .. .. 29,992 9 10 TeKuri .. .. .. •• •■ 872 13 7 Less live-stock .. 9,719 5 0 Muriwai Cemetery • • • ■ 307 16 1 Less plant and furniture 1,147 18 4 Muriwai Dining-hall 2,762 0 4 10,867 3 4 Muriwai Meeting-house .. •• 142 17 3 Muriwai boats 71 17 0 19,125 6 b Less General Account. . .. 11,051 5 / 3,284 10 8 5,074 0 11 Less Hui Aooount .. .. .. 351 4 2 Lindsay's Store .. .. .. •• "... J.J ( 2,933 6 6 Freehold Accounts as per Schedule .. .. ..367,300 14 1 Whaitiri 2 Live-stock 1,092 0 0 Less General Account . . .. 359 18 0 732 2 0 Mangapoike 2a 3 and 2d Joint Venture t Mill Account— Mangapoike Mill Account .. .. 11,059 15 I Law's Timber Account .. . . 859 12 9 . 10,200 2 4 Unadjusted expenditure, Oliver tractor .. .. 1,737 7 4 Balance 2 11 £601,634 9 7 £601,534 9 7

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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts for the Year ended 30th June, 1946 PAKOWHAI FARM KOPUA STATION : MARAETAHA Id Credits £ s. d. Debits £ s. d. Balance at credit at 30th June, 1945 .. .. .. 12,007 10 1 Balance at debit at 30th June, 1945 .. .. .. 7,051 10 1 Plant and furniture at 30th June, 1946 .. .. 327 15 6 Plant and furniture— £ s. d. 1945 wool— £ s. d. £ s. d. At 30th June, 1945 .. .. .. 573 7 9 Retention . . .. 37 10 9 Bought . . . . . . . . 75 0 0 Credited last year . . 25 0 0 648' 7 9 l2 10 9 Donations . . . . .. . . . . . . SO 16 5 1946 wool— Live-stock at 30th June, 1945 £ s. d. Sold .. .. .. 283 17 9 4.136 sheep .. .. 2,870 17 0 Unrealized .. .. 8 0 0 568 cattle .. .. 1,935 10 0 291 17 9 IS horses . . . . 120 0 0 Sheep sold .. .. .. .. 1,858 5 7 4,926 7 0 Cattle sold .. .. .. ..1,038 15 10 Sheep bought .. .. .. ... 445 10 O Skins and hides sold . . . . . . 1 18 6 Cattle bought . . . . . . . . 74 10 0 Meat sold .. .. .. .. 846 Horse bought .. . . . . . . 3 0 0 Hay sold .. .. .. .. 26 11 8 Wages .. .. .. .. 1,379 2 10 Grazing . . . . . . . . 75 0 0 Running-expenses, including repairs and Chaff sold . . . . . . . . 4 0 6 maintenance . . . . . . 836 5 5 Interest . . . . . . . . 356 7 2 Rates . . . . . . . . 203 13 0 Live-stock at 30th June. 1946 Rent . . . . . . . . 290 2 0 531 sheep .. .. 414 10 0 Interest .. . . . . . . 493 6 5 43 cattle .. .. 129 0 0 Committee fees and expenses .. .. 38 15 6 1 horse .. . . 5 0 0 Management and office expenses . . . . 297 16 9 548 10 0 8,988 8 11 r- 4,222 2 3 10.769 3 2 16,557 7 10 Credits 1945 wool— X. s. d. Debits Retention, £282 Ss. 7d.; Live-stock at 30th June. 1945 £ s. d. credited last year, £2lO .. 72 S 7 580 sheep . . . . 456 6 0 Realized, £56 2s. 4d. ; valued 2 cattle . . ..800 at■ £32 . . .. 24 2 4 2 horses .. .. 25 0 0 96 10 II 489 6 0 1946 woolSheep bought .. .. .. .. 1,091 0 0 Sold .. .. .. 1,770 10 1 Cattle bought . . . . . . . . 861 5 0 Unrealized .. . . 40 0 0 Wages .. .. .. .. 614 10 10 1,810 10 1 Running-expenses, including repairs and Sheep sold .. .. .. .. 1,875 17 7 maintenance . ~ ~ ~ 318 7 4 Cattle sold ~ ~ ~ , . 1,239 6 6

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Rates .. .. .. 190 2 0 | Skins and hides sold . . . . . . 50 13 2 Committee fees and expenses . . . . 38 15 0 Meat sold .. . . . . . . 4 0 0 Management and office expenses .. .. 50 0 0 Kent of cottage .. .. .. 6 10 I) Live-stock at 30th June, 1946 3,653 6 8 £ s. d. £ s. d. 3,750 sheep .. .. 2,590 13 0 Distribution .. . . 374 0 0 501 cattle . . . . 1,700 0 0 Donations .. .. .. 88 0 8 18 horses .. .. 120 0 0 462 0 8 ■ 4,410 13 0 Plant and furniture at 30th June, 1945 .. 327 15 6 4,443 2 10 9,494 1 3 . Plant and furniture at 30th June, 1946 648 7 9 Balance at credit at 30th June, 1946 .. .. ..£12,114 5 0 10,142 9 0 Balance at debit at 30th June, 1946 .. .. .. £6,626 14 2 MARAETAHA 2, SECTIONS 3 AND 6 Debits £ s. d. Balance at debit at 30th June, 1945 .. .. .. 14,12117 2 TE KURI £ s - d - Debits £ s. d. Distribution .. .. .. .. 2,349 0 0 _, . ,■,■,., . nn ,i T onn „ „ Donations 124 2 0 Balance at debit at 30th June, 1945 .. .. .. 872 3 7 I and tax 22 3 Court fees, appointment committees . . . . . . 0 10 0 Committee fees and expenses .. .. 24 9 5 _ . , -. ,' ,„.,, T ,„.„ „„_, ~ ~ Stores for meetings 14 2 8 Balance at debit at 30th June, 1946 £872 13 7 Court fee, appointment committee . . 0 5 0 T Management and office expenses . . . . 31 16 10 2,545 18 2 oredits 16 ' 667 l 0 4 MARAETAHA 2, SECTION 4 Rent received .. .. . . . . 636 17 8 Credits £ s. d. Interest .. .. .. .. 89 2 1 Balance at credit at 30th June, 1945 .. .. .. 6,291 0 0 725 10 9 Interest . . . . . . . . . . . . 239 13 2 Balance at debit at 30th June, 1946 ~ .. ..£15,94115 7 Balance at credit at 30th June, 1946 .. .. .. £6,530 13 2

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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts for the Year ended 30th June, 1946— continued PATEMARU STATION : MARAETAHA 2, SECTIONS 3 AND 6 ONENUI STATION Credits £ s. d. Debits £ s. d. Balance at credit at 30th June, 1945 .. .. .. 40,810 12 0 Balance at debit at 30th June, 1945 .. .. .. 4,653 6 9 Plant and furniture at 30th June, 1946 .. .. 390 16 0 £ s. d. 1945 wool— £ s. d. £ s. d. Plant at 30th June, 1945 .. .. 1,304 8 0 Retention, £3ll 9s. 2d.; Plant bought .. .. .. •• 65 3 7 credited last year, £235 76 9 2 Donations . . . . .. .. 418 0 7 Realized, £74 7s. 7d. ; Disking scrub .. .. .. .. 189 10 0 valued at £4B 26 7 7 Road-formation .. .. .. 1,339 2 1 lO2 16 9 Piping for water-supply . . .. 121 15 0 1946 wool— 3,437 19 3 Sold .. .. .. 1,745 11 11 Unrealized .. .. 40 0 0 Live-stock at 30th June, 1945 £ s. d. 1,785 1111 6,034 sheep .. .. 4,288 18 0 Sheep sold .. .. .. .. 2,135 8 0 602 cattle .. .. 2,106 0 0 Cattle sold .. .. .. .. 1,148 5 0 46 horses .. .. 620 0 0 Skins and hides sold .. .. .. 26 0 3 7,014 18 0 Meat sold . . .. .. . . 9 16 0 Sheep bought . . .. .. ■ ■ 467 1 0 Interest .. .. .. ... 684 12 10 Cattle bought .. .. .. .. 12 0 0 Live-stock at 30th June, 1946— £ s. d. Horses bought . . . . .. 8 0 0 3,503 sheep .. .. 2,376 12 0 Wages .. .. •• •• 1,710 0 5 439 cattle .. .. 1,396 10 0 11 horses .. .. 52 0 0 Running-expenses, including £ s. d. 3,825 2 0 repairs and maintenance . . 1,364 13 10 9,717 12 9 Seed .. .. •• 404 12 6 Manure .. .. .. 11l 7 1 50,919 0 9 Ploughing .. .. 621 1 3 Debits 2,501 14 8 Live-stock at 30th June, 1945 £ s. d. :iates ■ • ■ ■ • ■ ■ • Jjg 13 6 3,586 sheep .. .. 2,432 8 0 kterest '\ « ~:". • " " HI A n 447 cattle .. .. 1,587 10 0 Rent of Tawapata Subdivision .. .. 58 10 0 10 horses .. .. 50 0 0 (Wmittee fees and expenses .. .. 58 2 9 4. Q(j9 i$ o Management and omce expenses . . .. 48b l* o Sheep bought " 92 511 13,189 15 11 Cattle bought ........ 135 00 ' oi oai i n Wages .. .. .. .. 1,039 13 10 * jl ' ZBi l il

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Running-expenses, including repairs and Credits maintenance 430 ,9 6 1945 wool- £ s. d. S ateS + 'J ffi ?!2 ? 5 Realized .. .. 71 11 4 Management and office expenses .. .. 269 6 3 Valued at 48 0 0 , 23 11 4 !,,,!,.. „ 6,348 13 3 1946 woolriant and iurniture— £ s. d. «ij 9 «ai n a At 30th June, 1945 .. 22119 0 " .'. 152 0 0 Bought .. 168 17 0 I g 833 0 8 3901(i ° fl7 , q o , Sheep sold l6 0 __!_____ Skins and hides sold • • • • • ■ 32 1 1 i> i !•. . onu t on , „r. n-. Live-stock at 30th June, 1946 £ s. d. Balance at credit at 30th June, 1946 .. .. ..£44,179 11 6 6,494 sheep .. .. 4,604 16 0 773 cattle .. .. 2'607 10 0 51 horses .. . . 645 0 0 7,857 6 0 13,630 15 1 Plant and furniture on hand at 30th June, 1946 .. .. .. .. 1,370 1 7 — 15,000 16 8 6,280 5 3 Onenui launch (as per supporting Schedule) .. .. 1,011 16 4 ONENUI FISHING-BOATS Balance at debit at 30th June, 1946 .. .. .. £7,292 1 7 Debits £ s. d. ._..— Balance at debit at 30th June, 1945 .. .. .. 1,073 4 11 £ s. d. Cartage and railage .. .. .. 1 19 2 Interest . . .. .. . . 42 14 11 44 14 1 MANGAPOIKE B 1 117 19 0 Credits I s. d. Credit* Rent received .. .. .. .. . . 50 6 11 Insurance rebate .. .. .. 6 2 8 Sale of truck .. .. .. .. 100 0 0 Debits lO6 2 8 Donations, Taihoa Marae Fund . . .. . . .. 50 6 11 Balance at debit at 30th June, 1945 .. .. .. £1,01116 4

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EAST COAST NATIVE TRUST LANDS— continued Statement oe Accounts for the Year ended 30th June, 1946— continued POHATUROA STATION : MANGAPOIKE 2a 3 MAHURANGI STATION : MANGAPOIKE 2b AND PARTS 2d AND 2a 3 Debits ■ £ s. <l. Debits £ s. d. Balance at debit at 30th. June, 1945 .. .. ..' 23,273 6 5 Balance at debit at 30th June, 1945 .. .. .. 6,340 13 8 Plant and furniture at 30th June. 194.') .... 625 8 6 £ s. d. Clearing and fencing .. . . . . .. 839 4 6 Plant and furniture at 30th June, 1945 .. 867 12 8 Live-stock at 30th June, 1945 £ s. d. £ s. d. Plant bought . . . . . . . . 121 4 2 4,125 sheep .. .. 2,839 4 0 988 16 10 704 cattle .. .. 2,538 0 0 Clearing and grassing .. .. .. .. 1,187 6 0 24 horses .. .. 120 0 0 Donations .. .. .. .. .. .. 56 9 11 5,497 4 0 Live-stock at 30th June, 1945 £ s. d. Sheep bought. .. .. .. .. 172 11 3 7,270 sheep .. .. 5,052 0 0 Wages .. .. .. .. 1,193 9 7 790 cattle .. .. 2,817 10 0 Running-expenses, including repairs and 40 horses .. . . 320 0 0 maintenance .. .. .. 770 12 11 8,189 10 0 Rates .. .. .. .. 270 0 6 Sheep bought .. .. .. .. 1,464 5 0 Interest .. .. .. .. 1,181 111 Cattle bought . . .. .. .. 59 1111 Management and office expenses .. 396 9 4 Wages .. .. .. .. 2,609 6 5 — 9,481 9 6 Running-expenses, including repairs and maintenance .. .. .. 1,715 14 5 34,219 8 1] Manure .. .. .. .. 881 13 0 Rates 345 17 9 Rent .. .. .. .. 78 12 8 Interest .. .. . . .. 635 1 11 Committee fees and expenses .. . . 40 4 11 Management and office expenses. . .. 555 18 1 16,575 16 1 Credits ' iai _ , x. i 25,149 2 6 1945 wool— £ s. d. Retention-money .. 258 13 0 Credited last year .. 190 0 o 6B 13 0 Realized . . .. 94 17 5 Valued at •• •• 56 ° ° Q0 .„ _ Credits 1946 wool— 1945 wool— £ s. d. Hold .. .. .. 1,502 13 3 Retention, £414 13s. Id.; Unrealized .. .. 64 0 0 credited last year, £3lO 104 13 1 1,566 13 3 Sheep sold .. .. .. •• 1,462 4 6 Realized, £lB4 17s. 4d. ; Skins and hides sold . . . . .. 53 15 3 valued at £lO4 .. 80 17 4 Meat sold 24 3 10 185 10 5

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Live-stock at 30th June, 1946 ] 1946 wool—--3,943 sheep .. .. 2,657 16 0 Sold 2,882 0 1 798 cattle .. .. 2,918 0 0 Unrealized .. .. 80 0 0 17 horses .. .. 85 0 0 2,962 0 1 _ 5,660 16 0 Sheep sold .. . . .. .. 3,839 4 1 ; Cattle sold .. .. •• .. 1,463 1 9 8,875 3 3 Horses sold .. .. .. •• 25 10 0 Plant and furniture on hand at 30th June, , Skins and hides sold . . . . . . 24 3 0 194 H .. .. 625 8 6 : Meat sold .. .. .. •• 64 3 8 9,500 11 9 Live-stock at 30th June, 1946 £ s. d. __ 7,880 sheep .. .. 5,585 10 0 Balance at debit at 30th June, 1946 .. .. .. £24,718 17 2 825 cattle .. ...2,952 10 0 ==__ 45 horses .. .. 279 0 0 8,817 0 0 17,380 13 0 Plant and furniture at 30th June, 1946 .. 988 16 10 18,369 9 10 TAHORA 2c 1, SECTION 3 Balance at debit at 30th June, 1946 £6,779 12 S Credits £ s. d. =—■ = Balance at credit at 30th June. 1945 .. .. .. 30,018 15 10 £ s. d. Rent received .. .. .. .. 1,684 3 3 Interest 1,1081810 2,793 2 1 32,811 17 11 Debits Land-tax .. .. • • • • 30 10 5 Donations .. .. .. . . 101 14 10 Inspection of leaseholds .. .. 25 10 3 Committee expenses . . .. . . 14 19 4 Management and office expenses . . . . 84 4 2 TAHORA 2c; 2 256 19 ° Debits £ s. d. Balance at credit at 30th June, 1946 ~ .. ..£32,554 18 11 Balance at debit at 30th June, 1946 .. .. .. 823 17 4

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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts tor the Year ended 30th June, 1946— continued WAIMAHA STATION : TAHORA 2c 1, SECTION 3 PAPUNI STATION : TAHORA 2r 2 Credits £ s. d. Credits £ s. d. Balance at credit at 30th June, 1945 .. .. .. 4,926 15 10 Balance at credit at 30th June, 1945 .. .. . . 28,450 18 9 Plant and furniture on hand at 30th June, 1946 . . 1,247 6 0 Plant and furniture at 30th June, 1946 . . . . 1,147 18 4 1945 wool— £ s. d. £ s. d. 1945 wool— £ s. d. £ s. d. Retention-money .. 362 6 2 Retention, £512 ss. Bd. ; Credited last year .. 270 0 0 credited last year, £385 127 5 8 92 6 2 Realized, £l7O 12s. Bd. ; Realized .. .. 115 1 1 valued at £lO4 .. 66 12 8 Valued at .. .. 72 0 0 193 IS 4 43 I 1 1946 wool—--1946 wool— Sold .. .. .. 3,469 2 1 Sold .. .. 2,11616 1 Unrealized .. .. 104 0 0 Unrealized .. .. 72 0 0 3,573 2 1 2,188 16 1 Sheep sold .. .. .. .. 3,392 8 11 Sheep sold .. .. .. .. 2,678 16 8 Cattle sold .. .. .. .. 1,560 3 1 Cattle sold .. . . .. . . 893 4 0 Horses sold . . . . . . . . 92 0 0 Skins and hides sold .. . . . . 16 9 6 Skins and hides sold . . . . .. 47 5 3 Live-stock at 30th June, 1946—• £ s. d. Meat sold . . . . . . .. 2 110 4,948 sheep .. .. 3,542 17 0 I Interest .. .. .. .. 444 19 11 759 cattle .. .. 2,699 10 0 ! Live-stock at 30th June, 1946 £ s. d. 31 horses .. .. 380 0 0 7,137 sheep .. .. 5,124 15 0 6,622 7 0 1,263 cattle .. .. 4,234 10 0 12,535 0 6 55 horses .. .. 360 0 0 9,719 5 0 18,709 2 4 Half-share, Ngapakira profit .. .. 185 10 10 19,211 4 5 habits 48,810 1 6 Live-stock at 30th June, 1945— £ s. d. 5,285 sheep .. .. 3,826 12 0 730 cattle .. .. 2,559 0 0* 35 horses . . .. 565 0 0 Debits _ 6,950 12 0 Live-stock at 30th June, 1945 £ s. d. Sheep bought .. .. .. .. 613 6 0 8,535 sheep .. .. 5,796 15 0 Cattle bought .. .. .. .. 78 15 0 1,307 cattle .. .. 4,317 10 0 Wages .. .. .. .. 1,599 10 1 78 horses .. .. 450 0 0 Running-expenses, including repairs and 10,564 5 0 maintenance .. .. .. 1,084 15 3 Sheep bought .. .. .. .. 153 15 0 Rates .. .. . . . . 472 19 3 Cattle bought .. . . . . .. 160 0 0 Interest .. .. . . . . 126 8 4 Horses bought . . . . .. 78 15 0

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Management and office expenses . . . . 423 1 4 Wages .. . . .. 2,368 11 11 —. Running-expenses, including repairs and 11,349 7 3 maintenance .. .. .. 1,504 11 6 Plant and furniture on hand at 30th June, Rates . . .. .. . . 481 13 5 1945 .. .. .. .. 1,247 6 0 Management and office expenses .. .. 661 18 0 12,596 13 3 15,973 9 10 Balance at credit at 30th June, 1946 .. .. .. £6,112 9 1 Grassing burnt areas .. .. .. 1,696 3 G ====== £ s. d. Plant bought .. . . 58 5 4 TAHORA 2f 2 Plant and furniture at 30th Debits £ s. d. June, 1945 .. .. 1,089 13 0 Balance at debit at 30th June, 1945 .. .. .. 11,236 13 2 1 ' 147 18 4 18 817 n 8 £ s. d. ' 1 Land-tax .. .. .. .. 3 10 5 Balance at credit at 30th June, 1946 .. .. ..£29,992 9 10 Donations ........ 83 14 1 J | Committee expenses . . . . .. 33 15 4 Interest ... . - .. . . 174 13 3 Management and office expenses .... 93 3 „„ „ 5 J 304 16 4 TAHORA 2c 2, SECTION 2 Credits £ s. d. 11,541 9 6 Balance at credit at 30th June. 1945 .. .. .. 13,575 6 5 Credits £ s , ( \_ Rent received . . .. .. .. 183 5 1 Rent received .. .. .. *.. 786 10 6 Timber royalties .. .. .. 306 18 10 Interest .. .. .. • . . 460 17 7 490 3 11 1>2 47 8 1 Balance at debit at 30th June, 1946 .. .. ..£11,051 5 7 14,822 14 6 Debits PAREMATA 4 : HALL ACCOUNT ; ; «S l2 3.f Dehts £ s. d. Inspection of leaseholds .. .. 17 8 4 Balance at debit at 30th June, 1945 .. .. .. 1.078 0 0 Committee expenses .. .. .. 9 10 9 Insurance . . . . . . . . . . . . 6 9 1 Management and office expenses . . . . 39 6 6 Interest .. .. .. .. .. .. 43 7 3 131 2 8 Balance at debit at 30th June, 1946 .. .. .. £1,127 16 4 1 Balance at credit at 30th Juris, 1946 .. .. ..£14,69111 10 : i , , ~

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EAST COAST NATIVE TRUST LANDS— continued Statement of Account i/or the Year ended 30th June, lit Hi— continued MANGAPOIKE A MANGAPOIKE 2n Credit* £ s. d. Credits £ s. d. Balance at credit at 30th June, 1945 .. .. .. 32,6Q9 13 11 Balance at credit at 30th June, 1945 .. .. .. 9,838 10 2 £ 8. d. £ s. d. Rent received .. .. .. .. 4,749 17 0 Rent received .. ..' .. .. 721 17 4 Interest .. .. .. .. 1,175 12 0 Interest .. .. .. . . 337 1 8 ■ 5,925 9 0 1,058 19 0 37,535~~-Tl 10,897 9 2 Debits debits t , . ooa ta o Land-tax .. .. .. .. 7 7 3 Land-tax .. .. .. .. 384 lb 3 r, ~ -,. ~. ~ Committee expenses 37 10 10 Donations 50 10 8 „ r nn ~ -, Committee expenses .. .. .. 618 5 Donations .. .. .. .. 99 2 1 xj.-rii.ii i m r , ~ r, , I, o ,> ~ Inspection of leasehold .. .. .. 1 12 <> Inspection of leaseholds .. .. 826 Management and office expenses .. .. 36 110 Management and omce expenses .. .. 237 910 6 r mo in e ~ , ... , ,),.,, , ~,,,, ...,- -,.,, , ~ Balance at credit at 30th-June, 194(i .. .. .. £10,794 18 (> Balance at credit at 30th June, 1946 .. .. .. £37,768 1 11 MANGAPOIKE 2a 3 Credits £ s. d. MANGAPOIKE 2e Balance at credit at 30th June, 1945 .. .. .. 3,404 15 8 Credits £ s. d. £ s. d. Balance at credit at 30th June, 1945 .. .. .. 7,300 5 6 Rent received ........ 137 16 6 £ s. d. Interest . . . . .. .. 137 6 7 Rent received . . . . .. . . 572 3 2 275 3 1 Interest . . .. . . .. 254 19 3 827 2 5 3,679 18 9 Debits 8,127 7 11 Land-tax . . . . . . .. 5 10 Debits Donations .. . . . . 22 14 8 \ Land-tax .. .. . . . . 16 8 S Inspection of leaseholds .. .. ..763 Donations .. .. .. .. 40 10 8 Committee expenses .. .. .. 24 4 7 Inspection of leasehold .. .. .. 8 18 9 Stores for meeting . . . . ..550 Committee expenses . . . . . . 672 Management and office expenses . . .. 6 14 10 Management and office expenses . . . . 28 12 2 7l 7l (J 4 ■ 100 17 5 Balance at credit at 30th June, 1946 .. .. .. £3,608 12 5 Balance at credit at 30th June, 1946 .. .. .. £8,026 10 6

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TAHORA 2c 3, SECTION 2 ' Credit* £ s. d. I Debits Balance at credit at 30th June, 1945 .. .. .. (523 18 11 I Plant and furniture on hand at 30th June, £ s. d. £ s. d. 1945 wool— £ «. d. £ s. d. 1945 .. .. .. .. 27 1 0 Realized .. .. 31 1 8 Live-stock at 30th June, 1945: £ s. d. Valued at .. . . 16 0 0 61 ewes . . . . 30 10 0 ■ 15 1 8 ! Cattle bought .. .. 1,047 10 0 Sheep sold .. . . . . . . 17 0 0 Running-expenses, including Rent collected .. . . . . 40 2 4 repairs and maintenance . . 92 3 5 Building-materials sold .. .. .. 5 0 2 Wages .. .. .. 15 11 2 Interest .. . . . . . . 9 9 6 Rent . . . . . . 10 0 0 Live-stock at 30th June, 1946 : 146 cattle 730 0 0 Rates . . . . . . 142 18 9 —— i Management and office 816 13 8 expenses . . . . 25 0 0 Plant and furniture on hand at 30th June, 1,363 13 4 1946 .. .. .. .. 27 1 6 1,390 14 10 843 15 2 ! J Balance at credit at 30th June, 1946 . . , . .. £76 19 3 1,467 14 1 I -• —— Statement of Account fob Period ended 30th June, 1946 TITIRANGI STATION : PAREMATA 64 Debits £ s. d. | Credits £ s. d. £ s. dPlant bought .. .. .. .. .. 104 0 0 Wool unrealized .. .. .. 32 0 0 £ s. d. Meat sold .. .. .. .. 1 12 0 Sheep bought .. .. .. .. 5,068 19 3 Live-stock at 30th June, 1946 Cattle bought .. .. .. .. 1,014 0 0 (written down to book Horses bought . . .. .. 56 10 0 values)— £ s. d. Wages .. .. .. .. 306 10 8 3,562 sheep .. .. 2,471 4 0 Running-expenses, including repairs and 177 cattle . . .. 735 10 0 maintenance . . .. . . 324 12 3 6 horses . . . . 60 0 0 Rates .. .. .. .. 48 7 5 3,266 14 0 Interest .. .. .. .. 711511 Management and office expenses .. .. 63 13 10 3,300 6 0 6,954 9 4 Plant at 30th June, 1946 .. .. 104 0 0 . 3,404 6 0 7,058 9 4 Balance at debit at 30th June, 1946 .. .. .. £3,654 3 4

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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts for the Year ended 30th June, 1946— continued IWINUI STATION : PAREMATA 3, If, 26, AND 27 PAROA STATION : MANGAHEIA 2d Debits £ s. d. Debits £ s. d. Balance at debit at 30th June, 1945 .. .. .. 12,651 2 1 Balance at debit at 30th June. 1945 .. .. .. 30,855 6 0 Plant and furniture at 30th June. 1945 . . . . 424 8 9 Plant and furniture— £ s. d. Donations .. .. .. .. .. .. 51 17 8 At 30th June, 1945 .. .. .. 2,615 15 5 Live-stock at 30th June, 1945 £ s. d. £ s. d. Bought .. .. .. .. 622 3 11 3,063 sheep .. .. 2,354 18 0 3,237 19 4 441 cattle .. .. 1,439 10 0 Water-supply .. .. .. .. .. 62 17 9 11 horses .. .. 115 0 0 j Clearing scrub .. .. .. .. .. 200 0 (l 3,909 8 0 Live-stock at 30th June. 1945 £ s. d. Sheep bought .. .. .. .. 2,575 4 6 5,279 sheep .. . . 3,940 15 0 Cattle bought .. .. .. .. 80 0 0 669 cattle .. .. 3,105 0 0 Horse bought .. .. .. .. 25 0 0 • 13 horses .. .. 155 0 0 Wages .. .. .. .. 1.112 14 1 7,200 15 0 Running-expenses, including-— £ s. d. Sheep bought .. .. .. .. 3,099 0 6 Repairs and maintenance 473 8 8 Cattle bought .. .. .. .. 171 10 0 Painting building .. 115 7 0 Wages .. .. .. .. 3,413 18 7 5BB 15 S Running-expenses, including— £ s. d. Rates .. .. .. .. 464 10 2 Repairs and maintenance 1,744 11 4 Interest .. .. . . .. 683 6 3 Painting buildings . . 305 2 0 Committee fees and expenses .. .. 16 16 0 ■— 2,049 13 4 Management and office expenses . . .. 263 5 9 Rates . . . . . . . . 677 9 10 _ 9,719 0 5 Rent .. .. .. .. 60 0 () ——— Interest .. .. .. .. 1,704 19 10 22,846 8 11 Management and office expenses .. .. 406 9 0 18,783 16 1 1945 wool- . ' 53 > 139 ly 2 Retention, £153 6s. lOd. : £ s. d. credited last year, £ll5 38 6 10 Credits Realized, £42 lis.; valued 1945 wool—at £24 .. .. 18 11 0 Retention, £362 ss. 7d. ; £ s. d. _- 56 17 10 credited last year, £270 92 5 7 1946 wool— Realized, £ll5 9s. sd. ; Sold .. .. .. 1,217 2 1 valued at £64 .. 51 9 5 Unrealized .. .. 32 0 0 143 15 0 1.249 2 I 1946 woolSheep sold .. .. .. .. 4,482 18 10 Sold .. .. .. 2,185 19 6 Cattle sold .. .. . . . . • 28 15 4 Unrealized . . . . 48 0 0 Skins and hides sold .. .. .. 45 2 8 2,233 19 6 Meat sold .. .. .. .. 8 12 6 | Seed sold . . .. .. . . 343 13 0

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Live-stock at 30th June, 1946— £ s. d. ■ Maize sold, £6B 10s.; £ s. d. 2,426 sheep .. .. 1,880 0 0 credited last year, £65 15s. 2 15 0 554 cattle .. .. 1,783 10 0 Maize on hand .. .. 336 16 0 9 horses .. .. 120 0 0 339 11 0 3,783 10 0 Sheep sold .. .. .. .. 4,003 1 7 Cattle sold .. .. .. .. 554 14 3 9,654 19 3 Horse sold .. -.. .. .. 600 Plant at 30th June, 1946 .. .. 424 8 9 Pressing hay .. .. .. .. 22 5 8 10,079 8 0 Skins and hides sold .. .. .. 58 5 10 Meat sold .. .. .. .. 95 16 0 Balance at debit at 30th June, 1946 .. .. ..£12,767 0 11 Live-stock at 30th June, 1946 £ s. d. 5,603 sheep .. .. 4,098 7 0 623 cattle .. .. 2,660 10 0 13 horses .. .. 155 0 0 WHAITIRI No. 2 : No. 2 ACCOUNT 6,913 17 0 Credits £ s. d. lI^HTIO Balance at credit at 30th June, 1945 .. .. .. 200 0 0 plant sold . . .. 7 10 0 £ s - d ° Plant and furniture at 30th ■Cattle sold .. .. .. .. 2,604 11 4 June, 1946 .. .. 3,230 9 4 Live-stock at 30th June, 1946: 144 cattle 1,092 0 0 _ 3 237 19 4 3,696 11 4 _1 17>952 18 2 3 > 896 11 4 Balance at debit at 30th June, 1946 .. .. ..£35,187 1 0 Debits Live-stock at 30th June, 1945 : 90 cows .. 810 0 0 Cattle bought .. .. .. .. 2,141 15 0 Wages .. .. .. .. 257 1 1 Running-expenses, including repairs .. 248 8 7 WHAITIRI No 2 Rates ........ 55 6 1 Rent .. .. .. 240 0 0 Credits £ s. d. Interest .. .. .. .. 903 Balance at credit at 30th June, 1945 .. .. .. 115 6 0 New fencing ........ 28 0 0 £ s. d. Balance, transferred to management and Rent received .. .. .. .. 240 0 0 office expenses .. .. .. 107 0 4 j Interest .. .. .. .. 4 12 0 3,896 11 4 244 12 0 Balance at credit at 30th June, 1946 .. .. .. £359 18 0

2—G. 3.

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BAST COAST NATIVE TRUST LANDS— continued Statements oe Accounts for the Year ended 30th June, 1946— continued PAREMATA 64 PAREMATA 48 No. 1 Account Credits £ s. d. Credits £ s. d. : Balance at credit at 30th June, 1945 .. .. .. 25 3 6 Balance at credit at 30th June, 1945 .. .. .. 8,438 18 0 Rent received .. .. .. .. .. 18 19 6 Interest .. .. .. .. .. .. 321 10 0 44 3 0 Balance at credit at 30th June, 1946 .. .. .. £8,760 8 0 Debits £ s. d. —=== Distributions .. .. .. .. 43 4 0 No. 2 Account : Management and office expenses .. .. 0 19 0 Credits £ s. d. 44 3 0 Balance at credit at 30th June, 1945 .. .. .. 1,613 8 1 £ s. d. •• Rent received .. .. .. .. 300 0 0 Interest .. .. .. .. 68 1 8 368 1 8 1,981 9 9 Debits Land-tax ........ 4 15 10 Committee fees and expenses .. .. 17 16 1 MANGAHEIA 2d Donations ........ 59 111 n d't £ d Management and office expenses .... 15 0 0 9(3 13 io Balance at credit at 30th June, 1945 .. .. .. 9,176 19 11 £ s. d. Balance at credit at 30th June, 1946 .. .. .. £1,884 15 11 Rent received .. .. .. .. 999 18 0 ====_==_ Interest .. .. .. .. 404 11 2 PAREMATA 73 AND 73a M ° 4 9 2 Debits £ s. d. 10,581 9 1 Balance at debit at 30th June, 1945 .. .. .. 621 15 1 Debits Interest .. .. .. .. .. .. 24 17 7 Land-tax .. .. .. .. 38 9 10 Donations .. .. .. .. 82 18 11 646 12 8 Committee fees and expenses .. .. 43 19 1 Credits Management and office expenses .. .. 49 19 11 Rent received .. .. .. .. .. tfO 0 0 215 7 9 Balance at debit at 30th June, 1946 .. .. .. £586 12 8 Balance at credit at 30th June, 1946 .. .. ..£10,366 1 4

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MANGAOTANE STATION : MANGATU Nos. 5 AND 6 Credits £ s. d. Debits Balance at credit at 30th June, 1945 .. .. .. 6,410 4 7 Live-stock at 30th June, 1945 £ s. d. £ s. d. £ s. d. Plant and furniture at 30th June, 1946 .. .. 733 3 7 4,085 sheep .. .. 2,768 10 0 1945 wool— 585 cattle .. .. 2,736 0 0 Retention, £265 Bs. 6d.; £ s. d. £ s. d. 25 horses .. .. 185 0 0 credited last year, £2OO 65 8 6 5,689 10 0 Realized, £7O Bs. 5d.; Sheep bought .. .. .. .. 710 0 6 valued at £4B .. 22 8 5 Cattle bought .. .. .. .. 2,848 5 0 , 87 16 11 Wages .. .. .. .. 1,432 13 3 1946 wool— Running-expenses, including repairs and Sold .. .. .. 1,597 1 9 maintenance .. .. .. 920 2 0 Unrealized .. .. 40 0 0 Rates .. .. .. .. 61 16 0 1,637 1 9 Interest .. .. .. .. 65 19 9 Sheep sold .. .. .. .. 1,070 5 6 Management and office expenses .. .. 349 19 6 Cattle sold .. .. .. .. 2,400 0 0 Skins and hides sold ...... 45 6 5 12,078 6 0 Live-stock at 30th June, 1946 £ s. d. £ s. d. 4,140 sheep .. .. 2,852 13 0 Trackmaking .. .. 90 0 0 622 cattle .. .. 3,102 10 0 Grassing burnt areas .. 1,169 12 10 27 horses .. .. 219 0 0 Plant and furniture— 6,174 3 0 Bought .. .. 12 9 0 At 30th June, 1945 .. 720 14 7 11,414 13 7 1,992 16 5 Transfer from Special Reserve .. .. 2,420 7 3 14,071 2 5 13,835 0 10 Balance at credit at 30th June, 1946 .. .. .. £6,907 6 7 20,978 9 0 =======

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EAST COAST NATIVE TRUST LANDS— continued Statement of Live-stock depastured on Stations as at 30th June, 1946

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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. Iwinui 2,426 1,880 0 0 554 1,783 10 0 9 120 0 0 2,989 3,783 10 0 Kopua 3,750 2,590 13 0 501 1,700 0 0 18 120 0 0 4,269 4,410 13 0 Mahurangi 7^,880 5,585 10 0 825 2,952 10 0 45 279 0 0 8,750 8,817 0 0 Mangaotane 4,140 2,852 13 0 622 3,102 10 0 27 219 0 0 4,789 6,174 3 0 Onenui .. .. 6,494 4,604 16 0 773 2,607 10 0 51 645 0 0 7,318 7,857 6 0 Patemaru 3,503 2,376 12 0 439 1,396 10 0 11 52 0 0 3,953 3,825 2 0 Papuni 7,137 5,124 15 0 1,263 4,234 10 0 55 360 0 0 8,455 9,719 5 0 Pakowhai 531 414 10 0 43 129 0 0 1 5 0 0 575 548 10 0 Pohaturoa 3,943 2,657 16 0 798 2,918 0 0 17 85 0 0 4,758 5,660 16 0 Paroa — Flock 5,479 3,958 1 0 487 1,721 0 0 ' 13 155 0 0 5,979 5,834 1 0 Stud 124 140 6 0 136 939 10 0 260 1,079 16 0 Titirangi 3,562 2,471 4 0 177 735 10 0 6 60 0 0 3,745 3,266 14 0 Tapere .. ... 146 730 0 0 146 730 0 0 Waimaha 4,948 3,542 17 0 759 2,699 10 0 " - 31 380 0 0 5,738 6,622 7 0 Whaitiri 144 1,092 0 0 144 1,092 0 0 53,917 38,199 13 0 7,667 28,741 10 0 284 2,480 0 0 61,868 69,421 3 0

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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts as at 30th June, 1946 MANGAPOIKE 2a 3 AND 2d JOINT VENTURE MILL ACCOUNT Debits £ s. d. £ s. d. Mill buildings.. .. .. .. .. .. .. 438 15 0 Mill plant .. .. .. .. .. .. .. 1,196 12 8 Mill-manager's house .. .. .. .. .. .. 600 0 0 Tractor— S.O. .. .. .. .. .. .. .. 500 0 0 H.D. 10 .. .. .. .. .. .. .. 1,511 8 6 Mill requisites on hand.. .. .. .. .. .. 779 15 10 Bedford truck .. .. .. .. .. .. 225 0 0 Chevrolet truck .. .. .. .. .. .. 225 0 0 5,-176 12 0 Mill working .. .. .. .. .. .. .. 24,141 18 1 Mangapoike 2a 3 Timber Account: Logging and transport .. 7,818 2 4 Mangapoike 2d Timber Account: Logging and transport .. .. 8,058 7 1 Depreciation .. .. .. .. .. .. 5,911 6 2 45,929 13 8 51,406 5 8 Credits Timber sold .. .. .. .. .. .. .. 39,885 10 1 Timber on hand .. .. .. .. .. .. 461 0 6 — 40,340 10 7 Balance at debit at 30th June, 1946 .. .. .. .. .. ..£11,059 15 1 MANGAPOIKE MILL : HANGAROA TIMBER ACCOUNT Debits £ s. d. £ s. d. Purchase of land and expenses .. .. .. .. .. 1,663 4 0 Building-materials .. .. .. .. .. .. 45 9 6 Use of mill plant .. .. .. .. .. .. 165 7 11 Travelling-expenses .. .. .. .. .. .. 208 12 9 Workers' compensation insurance .. .. .. .. 220 19 3 Wages for felling, hauling, &c. .. .. .. .. .. 2,829 11 5 Roadwork and construction of river crossing .. .. .. 350 12 11 Cartage and freight .. .. .. .. .. .. 623 7 3 Log cartage .. .. .. .. .. .. .. 1,439 17 ,3 Timber cartage .. .. .. .. .. .. 882 19 9 Running-expenses and repairs of hauler, &c. .. .. .. 173 16 10 Winch hire .. .. .. .. .. .. .. 64 4 0 Use of tractors .. .. .. .. .. .. 994 10 0 Milling charge .. .. .. .. .. 3,169 13 1 Rates .. . . . . .. . . .. .. 5 3 5 Interest .. .. .. .. .. .. .. 212 22 13,049 11 6 Credits Timber sold .. .. .. .. .. .. .. 12,644 5 9 Sale of standing totara .. .. .. .. .. 100 0 0 Firewood sold . . .. .. .. .. .. 35 0 0 Transfer to Mill Working Account .. .. .. .. 270 5 9 13,049 11 6

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EAST COAST NATIVE TRUST LANDS— continued Statement of Accounts as at 30th June, 1946— continued MANGAPOIKE MILL : LAW'S BUSH ACCOUNT Credits £ s. d. Timber sold .. .. .. .. .. .. .. .. 4,551 2 1 Interest .. .. .. .. .. .. .. .. .. 30 1 0 4,581 3 1 Debits Purchase-price of bush — £ s. d. £ s. d. Paid .. .. .. .. .. .. 450 0 0 Unpaid .. .. .. .. .. .. 225 0 0 675 0 0 Construction of road, gates, and bridges .. .. .. .. 316 6 7 Cartage .. .. .. .. .. .. .. 28 510 " Felling and delivering logs to mill .. .. .. .. 1,341 17 10 Milling charge .. .. .. .. .. .. 1,030 811 Workers' compensation insurance .. .. .. .. 21710 Cartage and railage of sawn timber . . .. .. .. 326 13 4 3,721 10 4 Balance at credit at 30th June, 1946 .. .. .. .. .. .. £859 12 9 Statement of Account fob Year ended 30th, June, 1946 UNADJUSTED EXPENDITURE, OLIVER TRACTOR ACCOUNT Debits £ s. d. Balance at debit at 30th June, 1945 .. .. .. .. .. .. 1,162 13 6 £ s. d. Wages .. .. .. .. .. .. .. 246 14 10 Benzine, oil, &c. .. .. .. .. .. .. 204 8 8 Repairs and running-expenses .. .. .. .. .. 328 10 8 Insurance .. .. .. .. .. .. .. 16 14 1 Hire of tractor .. .. .. .. .. .. 33 18 9 Purchase of truck .. .. .. .. .. .. 135 0 0 Interest .. . . - . .. .. .. .. 55 14 10 1,021 1 10 2,183 15 4 Credits Sale of Maxwell truck . . .. .. .. .. .. 45 0 0 Amounts collected for ploughing, &c. .. .. .. 401 8 0 446 8 0 Balance at debit at 30th June, 1946 .. ~ .. .. .. .. £1,737 7 4

17th March, 1947. The Right Hon. the Minister for Native Affairs, Wellington. Sir, — We report that we have completed the audit of the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1946, 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 of the Trust, but have accepted certificates from the mortgagees —namely, the State Advances Corporation —that they are holding certain documents as security for advances. The solicitors to the Trust have certified that they are holding on behalf of the East Coast Commissioner the documents relating to the properties of the Trust which are not subject to mortgage.

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Live-stock. —We have accepted the numbers and values of live-stock on stations as at 30th June, 1946, as certified by the Farm-managers and Mr. H. Symes, the Farm Supervisor. Station Improvements. —We refer you to the remarks contained in our report of the 16th October, 1945, wherein we stated that we were of the opinion that a valuation of the improvements on all stations should be made as early as possible and the necessary adjustment recorded in the accounts so that the stations will be on a uniform basis in this direction. Distributions. —We have verified all payments in connection with the following distributions made to beneficiaries during the year ended 30th June, 1946: £ s. d. Pakowhai Station .. .. .. .. 374 0 0 Maraetaha 2, Sections 3 and 6 .. .. .. 2,349 0 0 Paremata 48 .. .. .. .. .. 43 4 0 £2,766 4 0 In addition to the above distributions, the following sums have also been paid and charged against the blocks concerned : £ s. d. Donations .. .. .. .. .. 1,463 16 11 Committee fees and expenses .. .. .. 432 3 4 Special Reserve (£3,047 lis. 10d.). —In view of the Court order as contained in the judgment delivered on the 9th November, 1944, and confirmed by the Appellate Court in its judgment on the 17th May, 1945, it becomes necessary for us to amend our remarks under this heading, which have been previously reported on the 2nd November, 1944, and 16th October, 1945. The position in connection with this account is now as follows : The sum of £3,000 was transferred from " Bad Debts Eeserve " to the credit of Mangaotane Station, which comprises Mangatu Nos. 5 and 6 Blocks. This amount of £3,000 was originally credited to Bad Debts Eeserve when Mangatu Nos. 5 and 6 reverted to the East Coast Commissioner under special circumstances some years ago. It is unnecessary here to recapitulate those circumstances. The position of the Special Eeserve Account at the 30th June, 1946, is as follows : Mangaotane Station — £ s. d. Amount transferred to Special Eeserve, 30th June, 1944 2,926 4 4 Amount transferred to Special Eeserve, 30th June, 1945 2,481 6 9 Adjustment on account of Court order transferred to Special Eeserve .. .. .. .. 60 11 0 5,468 2 1 Amount transferred from Special Eeserve, 30th June, 1946 .. .. .. .. .. 2,420 7 3 As per Balance-sheet, 30th June, 1946 .. £3,047 14 10 In view of the involved circumstances which preceded the creation of the Eeserve of £3,000, we are of the opinion that the appropriations referred to above should be considered by you so that if you see fit your approval, and any other consents which may be required by law, may be obtained. General Reserve Account. —As a result of the Court order referred to above, this account, after being credited with interest charged to certain advance accounts, has been liquidated by transferring the balance to sundry creditor blocks.

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Additional Accounts. —In accordance with the Court order referred to above, the following additional accounts are included in the accounts for the year under review : (a) Mangapoike 2a 3 and 2d Joint Venture Mill Account. (b) Mangapoike Mill: Hangaroa Timber Account (the balance of which, £270 ss. 9d. debit, has been transferred to mill working in the Mangapoike 2a 3 and 2d Joint Venture Mill Account). (c) Mangapoike Mill: Law's Bush Account. (d) Unadjusted Expenditure : Oliver Tractor Account. (e) Onenui Fishing-boats. Titirangi Station : Paremata 64. —Operations commenced on this station during the year. The amount involved in writing down the live-stock to standard values amounted to £2,872 15s. 3d. Investments : Gisborne Sheep-farmers' Frozen Meat and Mercantile Co., Ltd., Shares.— These shares were originally £1 shares, but in view of the fact that they are now valued at ss. per share the necessary adjustments have been made in the accounts. Statement showing the Position of the various Blocks. -*-The position in connection with the Muriwai Account at 30th June, 1946, is as follows : £ s. d. Muriwai Cemetery .. .. .. .. 307 16 1 Muriwai Boat Account .. .. .. .. 71170 Muriwai Dining-hall .. .. .. .. 2,762 0 4 Muriwai Meeting-house .. .. .. .. 142 17 3 When all the expenditure in connection with the above accounts has been met, we are of the opinion that the amount involved should be transferred to the Maraetaha and Pakowhai Blocks, on whose account the expenditure has been incurred. A similar procedure should be adopted in connection with the transfer of the blocks concerned of the following accounts : —■ £ s. d. Tolaga Bay Meeting-house .. .. .. 260 13 8 Tolaga Bay Marae .. .. .. .. 575 12 11 All adjustments ordered by the Court in the judgment delivered on the 9th November, 1944, and confirmed by the Appellate Court on the 17th May, 1945, have been incorporated in the accounts under review. 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, and Co., Public Accountants, Auditors.

Approximate Cost of Paper.—Preparation, not given ; printing (588 copies), £44

By Authority: E. V. Paul, Government Printer, Wellington. —1947. Price 9d.]

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