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19-24. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1923.

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

EAST COAST NATIVE TRUST LANDS. Balance-shejJt as at 31st March, 1923. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Mortgages secured on free- Freehold land .. .. .. 343,970 2 6 hold .. .. .. 64,500 0 0 Unpaid purohaso-money on Interest accrued on same .. 1,345 10 4 sale of freehold .. 52,446 8 0 65,845 10 4 Interest accrued, &c, on Money advanced by way of same .. 1,644 7 7 loan .. .. .. 1,300 0 0 54,090 15 7 Interest accrued on same .. 16 0 6 Rents due and accrued .. .. 4,130 6 2 1,316 0 6 Produce unrealized— Accrued rates and taxes .. .. 3,780 15 5 Wool.. .. .. 2,092 11 9 Bank of Australasia .. 30,008 9 10 Mutton .. .. 1,933 10 8 Interest accrued on same .. 1,208 19 7 4,020 8 5 -37,877 9 5 Live-stock on farms .. .. 24,332 18 4 Sundry creditors— Posts and battens, &c, on Dalgety and Co. (Limited), hand.. .. .. .. 799 10 4 Gisborne .. .. 1,240 11 11 Advances to Natives on acDalgety and Co. (Limited), count farm profits, renWairoa .. .. 1,802 10 4 tals, __c. .. .. 5,409 14 4 Williams and Kettle (Li- Sundry debtors on open acmited), Gisborne .. 7,325 19 4 count .. .. 1,564 19 4 On open account .. 838 15 8 6,974 13 8 ] 1,274 3 3 Advances to blocks on acAmounts due to Natives on count of sundry rents .. .. 644 10 4 account farm profits, __c. 1,081 I 9 Investments— Amounts at credit of blocks Wairoa Farmers' Co-6pe- — Rentals, purchase- rative Meat Company money, &c. .. .. 5,039 13 7 (Limited) .. .'. 750 0 0 6,720 15 4 Gisborne Sheep - farmers' Surplus .. .. .. 314,388 I 1 Frozen Meat and Mercantile Company (Limited) — 500 ordinary shares of £1 each fully paid 500 0 0 958 shares (head rate) of£l each (15s. paid) 718 10 0 1,908 10 0 Office fixtures and furniture 120 14 0 Travelling plant .. .. 100 0 0 220 14 0 C. Milne, imprest account . . .. 50 0 0 £441,208 15 4 £441,208 15 4 Auditor's Certificate. T have audited the accounts of the East Coast Native Trust lands for the year ended 31st March, 1923, and my report on the audit of the accounts is contained in my letter of even date to the Minister of Native Affairs. Wellington, 4th October, 1923. . Arthur T. Clarke, Auditor.

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