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Statements op Accounts foe the Year ended 31st March, 1925 —continued. Pakowhai Farm. Payments. £ s. d. £ s. d. £ s. d Balance at credit, 31st March, 1924 .. 850 17 9 Rents to beneficiaries .. 2,971 1 0 Land-tax .. .. 246 6 11 Credits. Legal expenses .. .. 6 6 0 Pelts— £ s. d. Management and office exUnrealized, 31st March, penses .. .. 64 17 9 1924 .! .. 68 4 6 3,288 11 8 Realized .. .. 68 4 6 — Balance at credit, 31st March, 1925 .. £1,789 0 11 Mutton— - ,;n ,no! iZef1 ' ® arc h' Area of block, 5,965 acres 3 roods 16 perches. 1924 . . . . 264 0 0 i i Jon oeo Realized .. .. 264 0 0 Value, £39,858. Surplus on wool unrealized, 31st March, 1924 • Mangapoike A. Realized .. .. do 17 4 £ s d Valued .. .. 46 15 6 Balance at credit, 31st March, 1924 .. 469 6 9 Skins sold .. .. 25 18 2 Receipts. Wool sold .. .. 6 12 4 r> + 700 iQ a a j , , 10 , Rents .. .. .. 722 18 o Advances against wool .. 200 18 1 Interegt 25 0 3 Wool unrealized .. .. 10 0 0 Reduction of land-tax, 1922-23 15 5 0 Sheep and mutton sold .. 2,750 10 7 nao n Cattle sold .. .. 1,933 8 8 Interest .... 35 14 0 , ... .. 4,982 3 8 payments kaw i K Rents to beneficiaries.. .. 771 12 8 n,. o'l0 ' 1 0 Land-tax, 1924-25 .. .. 171 13 11 w . f , e1 s ' .. _ - Valuation expenses .. .. 262 10 0 Sheep bought 2,344 18 8 Management and office expenses 18 7 8 Cattle bought .. .. 1,901 4 0 ' * Wages, permanent hands .. 77 211 Balance at credit, 31st March, 1925 .. £8 6 3 Casual labour — Droving, mustering, shearing .. 72 16 11 Plant .. .. .. 53 10 3 Area of block, 16,420 acres. Value, £39,798. Repairs and maintenance .. 21 3 2 Fire and accident insurance 3 17 0 Rates .. .. .. 52 1 0 Cartage.. .. .. 2 5 0 Management and office ex- Mangafoike 2a 3. penses .... 25 18 2 £ s. d. 4,559 12 1 Balance at credit, 31st March, 1924 ..2,287 14 6 Balance at credit, 31st March, 1925 .. £1,273 9 4 Receipts. Live-stock on farm, 31st March, 1925 : — Rents .. .. . ■ 862 4 0 „q, , osk is 'a Interest .. .. .. 131 8 1 691 sheep .. .. 385 15 0 Royalty 6 11 0 97 cattle .. .. 433 0 0 2 qqq g 1 horse .. .. 10 0 0 ' 3 287 17 7 £828 15 0 Payments. Rates .. • • 10 5 7 Land-tax .. .. 93 14 0 Management and office expenses 19 0 0 TE Kuri. 5 122 19 7 £ s. d. Balance at debit, 31st March, 1924 .. 45 8 6 Balance at credit; 3 i st March; 1925 .. £3,164 18 0 Payments. Area of block, 9,438 acres 3 roods 22 perches. County rates 12 16 0 Value, £21,995. Interest .. .. .. 2 5 0 Management and office expenses .. 25 0 0 40 1 0 Balance at debit for two years, Mangafoike B. ended 31st March, 1925.. .. .. £85 9 6 , n „, A !" ™ Balance at credit, 31st March, 1924 .. 204 5 6 Area of block, 216 acres. „ . . Receipts. £ s. d. Rents .. • • ..15 0 0' '' ' Mangaheia 2d. Interest .. .. .. 13 3 8 £ s. d. 28 3 8 Balance at credit, 31st March, 1924 .. 2,818 16 5 282 9 2 Receipts. Payments. £ s d Valuation expenses .. .. 21 0 0 Rents".. 1,747 13 if Land-tax .. .. '..106 Interest .. •. 158 1 0 Management and office expenses 0 7 6 Purchase - money ■ 22 8 0 taken for workers' dwel- g Balance at credit, 31st March, 1925 .. £260 1 2 — 2,258 16 2 ' Area of block, 383 aores and 38 perches. 5,077 12 7 Value, £1,018.

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