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MANGATU No. I—continued. Income Account for the Year ended 31st March, 1928. £ s. d. £ s. d. £ s. d. To Interest, 31st March, 1928.3,275 2 11 By Balance, 31st March, 1927 .. .. 2,392 0 8 Commission .. .. 216 13 6 Rents .. .. .. .. 8,840 010 Land-tax .. .. 801 16 2 Dividend .. .. .. .. 2 2 0 Expenses re committee meetings .. .. 22 0 8 Valuation expenses .. 102 7 6 Legal expenses .. 34 7 0 Management and office expenses . . .. 199 10 11 Distribution to beneficiaries .. .. 4,250 0 0 8,962 4 8 Balance .. .. .. .. 2,272 4 10 £11,234 9 6 £11,234 9 6 Statement of Accounts for the Year ended 31st March, 1928. Waitangirua Station. Debits. £ s. d. £ s. d. Building ... .. .. 591 1 3 Balance at debit, 31st March, 1927 .. 11,276 14 10 Sheep bought .. .. 169 16 6 Cattle bought .. .. 120 17 0 Debits. Wages, permanent hands 680 1 8 £ s. d. Casual labour .. .. 622 3 6 Fencing .. .. 444 15 9 Running-expenses, including Scrub-cutting .. .. 414 7 0 repairs and maintenance 271 11 11 859 2 9 Rates . . .. .. 250 8 10 Sheep bought .. .. 1,263 3 10 Insurance .. .. 30 8 2 Cattle bought .. .. 610 6 Management and office exHorses bought .. .. 8 0 0 penses .. .. 208 18 0 Wages, permanent hands- 641 7 7 3,401 6 10 Casual labour .. .. 322 15 9 Running-expenses, includ- Balance at credit, 31st March, 1928 .. £7,871 12 11 ing repairs and mainten- — —- ance .. .. 551 10 8 Live-stock on station at 31st March, 1928 :— Rates .. .. .. 633 14 7 £ s. d. Insurance .. .. 47 3 6 8,081 sheep .. .. 5,366 10 0 Interest .. .. 744 10 3 747 cattle .. .. 2,553 0 0 Management and office ex- 12 horses .. .. 75 0 0 penses .. .. 108 0 0 4,326 16 8 £7,994 10 0 16,462 14 3 Credits. Pukutarewa Station. Surplus on wool unrealized £ s. d. at 31st March, 1927— Balance at debit, 31st March, 1927 .. 17,871 9 1 Realized .. .. 669 11 3 Debits. Valued at .. .. 633 511 £ s. d. Building .. .. 104 7 10 6 5 4 Purchase of Cooper's lease 760 10 3 Wool sold .. .. 2,508 8 0 Grass-seed .. .. 51 1 10 Wool unrealized .. 20 0 0 Sheepsold .. .. 1,634 13 11 915 19 11 Cattle sold .. .. 432 0 0 Sheep bought .. .. 2,720 0 8 Skins and hides sold .. 51 13 8 Cattle bought .. .. 1,165 8 2 Meat sold .. .. 56 7 11 Horses bought .. .. 117 0 6 4,709 810 Wages, permanent hands 367 14 3 Casual labour .. .. 1,175 2 11 Balance at debit, 31st March, 1928 .. £11,753 5 5 Running-expenses, inelud- _ , j n g r opairs and main-Live-stock on station at 31st March, 1928: — tenance .. .. 755 13 2 £ s. d. Rates .. . . .. 172 0 10 5,427 sheep .. .. 3,757 0 0 Interest .. .. 1.201 8 3 165 cattle .. 769.10 0 Insurance .. .. 28 10 1.0 16 horses .. 80 0 0 Management and office expenses .. .. 120 8 0 £4,606 10 0 8,739 13 0 Credits. 26,611 2 7 Surplus on wool unrealized at 31st March, 1927— Realized .. .. 507 16 4 Valued at .. .. 419 2 5 88 13 11 Mangatahu Station. Wool sold .. .. 2,870 18 6 £ s. d. Advances against wool Balance at credit, 31st March, 1927 .. 3,134 18 6 shipped ".. .. 80 7 6 Sheepsold .. .. 5,049 6 1 Credits. Cattle sold .. .. 735 5 0 Surplus on wool unrealized Horses sold .. .. 15 0 0 at 31st March, 1927— £ s. d. Skins and hides sold .. 61 15 10 Realized .. .. 3,135 3 1 Meat sold .. .. 18 3 0 Valued at .. .. 2,916 1 5 Produce sold, lucerne, &c. 25110 9 9,166 0 7 219 1 5 Wool sold .. .. 4,469 1 9 Balance at, debit, 31st March, 1928— ..£17,445 2 0 Advances against wool < shipped .. .. 112 6 4 Live-stock on station at 31st March, 1928: — Sheepsold .. .. 2,326 311 £ s. d. Cattle sold .. .. 825 6 4 4,417 sheep .. '.. 2,858 12 0 Skins and hides sold .. 49 10 10 519 cattle .. .. 1,992 0 0 Interest .. .. 136.10 5 26 horses .. .. 340 0 0 8,138 1 3 £5,190 12 0 £11,272 19 9 ____________