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1924. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR YEAR ENDED 31ST MARCH, 1924.

Presented to Parliament in pursuance of Section 13 of the East, Coast Native Trust Lands Act, 1902.

east coast native trust lands. Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. (I. £ s. d. £ s. d. £ s. d. Mortgages secured on free- Freehold lands .. .. .. 339,850 2 G hold .. .. .. 06,50(1 0 0 Unpaid purchase-money on Interest accrued on same .. 1,21 (i 0 3 sale of freeholds . . 52,440 8 0 07,710 0 3 Interest accrued, &c., on Money advanced by wav of same .. .. 1,765 15 10 loan .. .." ".. 1,300 0 0 54,212 310 Interest accrued on same .. 18 0 0 Rents due and accrued .. 3,601 0 3 — 1,310 0 0 Interest on same .. 34 19 11 Bank of Australasia .. 29,807 1 1 3,030 6 2 Interest accrued on same .. 947 4 4 Interest accrued on value of ■ 30,754 5 5 fencing Maraetaha No. 2, Accrued rates and taxes .. .. 3,368 10 3 Sees, 3 and 6 .. .. .. 23 6 10 Sundry creditors— Produced unrealized— Dalgety and Co. (Li- Wool .. .. 892 0 9 mited), Gisborne .. 70 8 4 Mutton .. .. 632 15 6 Williams and Kettle (Li- Pelts .. .. 129 13 4 mited), Gisborne .. 5,483 5 6 1,654 9 7 Williams and Kettle (Li- Live-stock on farms .. .. 25,824 5 0 mited), Wairoa .. 161 15 0 Posts and battens on hand.. 237 10 0 In open account .. 855 3 8 Grass-seed, &c., on hand .. 82 11 6 6,570 12 6 320 1 0 Amounts due to Natives on Advances to Natives on acaccount rents, farm pro- count farm profits, &c. .. 5,451. 14 1 fits, &c. .. .. 1,6811 8 (l Sundry debtors on open Amounts at credit of Blocks— account .. .. 1,298 13 8 Rentals, purchase-money, 0,750 7 9 &o. 6,736 7 11 Advances to blocks on ac8,422 15 11 count management, rents, Amount at credit of Sus- &c. .. .. .. .. 1,742 14 8 pense Account .. .. 46 13 8 Investments — Surplus .. .. .. 318,326 8 4 Wairoa Farmers' Cooperative Meat Company (Limited) (shares) 750 0 0 Gisborne Sheep-farmers' Frozen Meat and Mercantile Company (Limited) — 500 ordinary shares of £1 each fully paid .. 500 0 0 958 shares £1 each (head rate) .. .. 718 10 0 1,908 10 0 Office furniture and fixtures .. 108 13 0 Travelling plant .. .. .. 430 12 0 £436,521 12 10 £436,521 12 10 Auditor's Certificate. I have audited the accounts of the East Coast Native Trust lands for the year ended 31st March, 1924, arid 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, 15th September, 1924. Arthur T. Clarke, Auditor.

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