G.—4,

4

MANGATU Nos. 3 AND 4. Balance-sheet as at 31 st March, 1928. Liabilities. Assets. £ s. d. £ s. d. Freehold property— £ s. d. £ s. d. Foster Trust mortgage ..1,600 0 0 Mangatu No. 3 ..21,640 0 0 Accrued interest .. .. 43 5 3 Mangatu No. 4 .. 18,000 0 0 1,643 5 3 39,640 0 0 Mangatu No. 1 .. .. .. 2,195 15 9 Improvements— Capital .. .. .. .. 39,640 0 0 Fencing .. .. 577 18 7 Survey .. .. 541 17 0 1,119 15 7 Revenue Account .. 3,141 11 4 Less Income Account balance 422 5 II 2,719 5 5 £43,479 1. 0 £43,479 1 0 Auditor's Certificate. I have audited the aocounts of Mangatu Blocks 3 and 4, Bast 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 even date to the Hon. the Minister of Native Affairs. Wellington, N.Z., 7th August, 1928. Arthur T., Clarke, Chartored Accountant, Auditor. Income Account for the Year ended 31st March, 1928. £ s. d. £ s. d. To Interest .. .. .. .. 293 9 2 By Rent .. .. .. .. 883 4 0 Rates ........ 117 10 0 Land-tax .. .. .. .. 20 6 11 Legal expenses .. .. .. 412 0 Management and office expenses .. 25 0 0 Balance .. .. .. .. 422 5 11 £883 4 0 £883 4 0 Sir,— Wellington, 7th August, 1928. I have to report that I have completed the audit of the aocounts of Mangatu Block No. 1 for the year ended 31st March, 1928, also the accounts of Mangatu No. 2, Blocks 3 and 4, for a similar period, and attached hereto is a set of same. Stock Account. —l have accepted without reservation the figures certified to by Mr. H. Syme, Farm Superintendent, and Mr. J. Harvey, Agent for the East Coast Commissioner at Gisborne. Mangatu Nos. 3 and 4. —These accounts are incorporated in the accounts of Mangatu No. 1 Block and a separate balance-sheet and Income Account have been prepared. A now farm —namely, Waikakariki—has been in operation for the last six months, and the accounts appear in the schedule. Subject to the. foregoing remarks, I certify that to the best of my knowledge and belief the accounts as signed by me are correct. I have, &c, The Hon. the Minister of Native Affairs. Arthur T. Clarke, Auditor.

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