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1928. NEW ZEALAND

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 1928.

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

EAST COAST NATIVK TRUST LANDS. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Mortgages .. .. 75,200 0 0 Freehold lands .. .. .. 378,806 15 4 I nterest accrued on same . . 901 12 11 Unpaid purchase-money on £ s. d. — 76,101 12 11 sale of freeholds .. 18,636 15 0 Bank of Australasia, Cur- Interest accrued on same 1,454 11 1 rent Account.. .. 11,275 12 4 20,091 6 1 Interest accrued on same 376 2 4 Rent due and accruod .. .. 2,716 12 7 — 11,651 14 8 Interest duo on value of Tairawhiti District Maori fencing, Maraetaha No. Land Board .. .. 6,800 0 0 2, Sees. 3 and 6 .. .. 11 7 6 Interest accrued on same 68 10 0 Produce unrealized .. .. 7,148 3 11 6,868 10 0 Live-stock on stations .. .. 43,486 2 0 Rates accrued .. .. .. 115 0 9 Posts, &c, on hand .. .. 101 1 0 Sundry creditors .. 606 18 6 Advances to Natives on Amount due to Natives on account rent, farm, proaccount rent, purchase- fits, &o. .. .. 5,068 9 0 money, &c. .. .. 300 1 7 Sundry debtors on open 807 0 1 account .. .. 7,801 3 3 Rents due and accrued .. .. 2,716 12 7 ■ 12,869 12 3 Amount at credit of blocks Advances to blocks on on account of rent, pur- account of rents, &c. .. .. 697 10 0 chase-money, &c. .. .. 9,299 19 0 Investments — Balance .. .. .. 361,621 12 0 Wairoa Farmors' Meat Co., Ltd.—Shares .. 1,125 0 0 Gisborno Shcop-farmers' Frozen Meat and Mercantile Co., Ltd.— Shares .. .. 1,458 0 0 Williams and Kettle, Ltd.—Shares .. 262 10 0 2,845 10 0 Office furniture and fixtures .. .. .. 108 1 4 Travelling plant .. .. 300 0 0 £469,182 2 0 £469,182 2 0 Auditor's Certificate. I have audited the accounts of the East Coast Native Trust Lands for the year ended 31st March, 1928, and my report on tho audit of the accounts is contained in my letter of evon date to the Hon. the Minister of Native Affairs. Wellington, N.Z., 7th August, 1928. Arthur T. Clarke, Chartered Accountant, Auditor.

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