G.--4.

1928. NEW ZEALAND

EAST COAST NATIVE TRUST LANDS. MANGATU Nos. 1, 3, AND 4 BLOCKS. 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 14 of the Mangatu No. 1 Empowering Act, 1893.

MANGATU No. 1. Balance-sheet as at 31st March 1928. Liabilities. Assets. Public Trustee— £ s. d. £ s. d. j £ s. d. £ s. d. General mortgage .. 22,364 6 7 l Freehold property .. .. 195,063 0 0 Less rent on hand on ! Roads Account .. 2,092 5 1 account .. .. 1,439 19 0 Survey Account .. 287 8 6 20,924 7 7 2,379 13 7 Pukutarewa mortgage 15,000 0 0 Fencing Account .. .. 116 7 0 Interest accrued .. 32 1 1 Advances — 15,032 1 1 Sundry blocks .. 413 0 2 Wairere mortgage .. 50,000 0 0 Distribution Account Interest accrued .. 1,487 13 5 No. 1 .. .. 304 0 0 51,487 13 5 Royal Commission .. 1,469 6 4 Native Trustee — Owners' appeal on acMortgage Account .. 20,000 0 0 count of Blocks 1 Interest accrued .. 539 3 6 and 4 .. .. 664 15 9 20,539 3 (i Advances to sundry Bank of Australasia— owners .. .. 8,029 15 10 Current Account .. 8,577 16 3 10,880 18 1 Intorest accrued .. 530 19 9 Mangatu Nos. 3 and 4 .. .. 2,195 15 9 9,108 16 0 Sundry debtors.. .. .. 0,557 10 11 Sundry creditors .. .. 3,135 8 2 Rent outstanding .. .. 1,727 2 0 Mangatahu Station Current Account 15,866 211 Investments — Distribution Account .. .. 528 18 4 Poverty Bay Farmers' Capital Account .. .. 100,470 13 0 Meat Co., Ltd. — Income Account .. .. 2,272 4 10 Shares .. .. 5 0 0 Williams and Kettle, Ltd.—Shares .. 35 0 0 40 0 0 Mangatahu live-stock .. .. 7,994 10 0 Pukutarewa Station .. 12,254 10 0 Livo-stock .. .. 5,190 12 0 17,445 2 0 Waitangirua Station .. 7,146 15 5 Live-stock .. .. 4,606 10 0 11,753 5 5 Wairere Station ..14,258 6 4 Live-stock .. .. 14,151 12 0 28,401) 18 4 Waikakariki Station .. 1,287 1 3 Livo-stock .. .. 1,912 8 2 3,199 9 5 Office furniture .. .. 15 15 0 Produco unrealized .. .. 11,587 1 4 £299,365 8 10 £299,365 8 10 Auditor's Certificate. I have audited the accounts of Mangatu No. 1 Block, East Coast Native Trust Lands, for the year ended 31st March, 1928, and my report on the audit of the accounts is contained in my letter of oven date to the Hon. the Minister of Native Affairs. Wellington, N.Z., 7th August, 1928. Arthur T. Clarke, Chartered Accountant, Auditor.