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1934. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENT OF ACCOUNTS FOR THE PERIOD 1st JULY, 1933, TO 30th JUNE, 1934.

Presented to both Houses of the General Assembly in pursuance of Section 40 of the Native Purposes Act, 1931.

EAST COAST NATIVE TRUST LANDS. Balance-sheet as at 30th June, 1934. Liabilities. Assets. Public Trustee— £ s. d. £ s. d. £ s. d. Mortgages .. .. 73,880 12 6 Freehold lands .. .. .. 365,413 15 4 Interest accrued .. 3,701 5 1 Unpaid purchase-money on account sale of 77.581 17 7 freehold .. .. .. .. 4,836 15 0 Bank of Australasia: In- Mangatu No. 1 .. .. .. 12,607 7 11 terest accrued .. . . 12 12 6 Produce unrealized .. .. .. 621 7 6 Tairawhiti District Maori Live-stock on stations .. .. 56,944 7 0 Land Board— Advances to Natives on account rent, farm Current account .. 8,000 0 0 profits, &c. .. .. .. 7,345 7 8 Interest accrued .. 80 0 0 Sundry debtors on open ac- £ s. d. 8,080 0 0 count .. .. 3,025 19 9 Rates accrued .. •• .. 552 14 11 Rent due and accrued .. 8,397 13 7 Sundry creditors on open account .. 870 8 7 11,423 13 4 Amount due to Natives on account pur- Advances to blocks on ac-chase-money, rents, &c. .. .. 175 17 7 count rent, &c. .. .. 218 0 4 Rent due and accrued .. •• 8,397 13 7 Investments — Amount at credit of blocks on account Gisborne Sheep-farmers' purchase-money, &c. .. .. 7,063 11 0 Frozen Meat and MerBad Debt Reserve .. .. 18,767 14 1 cantile Co., Ltd., shares 1,458 0 0 Excess of advances over valuation of un- Wairoa Farmers' Corealized wool .. • 307 1 6 operative Co., Ltd. .. 1,125 0 0 Balance .. •• • 341,914 0 3 Williams and Kettle, Ltd. 262 10 0 G. H. Scales . . .. 15 0 2,846 15 0 Office furniture and fittings .. .. 56 0 0 Travelling-plant .. .. . . 150 0 0 Bank of Australasia . . .. .. 1,260 2 6 £463,723 11 7 £463,723 11 7 Auditors' Certificate. We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1934, and our report on the audit of the accounts is contained in letter of even date to the Hon. the Minister of Native Affairs. Clarke, Menzies, Griffin, and Ross, Public Accountants, Auditors. Wellington, New Zealand, 2nd October, 1934.

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