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1940. NEW ZEALAND.

EAST COAST NATIVE TRUST LANDS. BALANCE-SHEET AND STATEMENTS OF ACCOUNTS FOR THE PERIOD 1st JULY, 1939, TO 30th JUNE, 1940.

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, ]940. Liabilities. Assets. £ s. d. Public Trustee — £ s. d. £ s. d. Freehold lands .. .. .. .. 365,413 15 4 Mortgages .. .. .. 78,200 0 0 Live-stock on stations .. .. .. 69,380 2 0 Interest .. .. .. 1,674 5 0 £ s. d, 79,874 5 0 Bank of New South Wales .. 5,785 8 7 Tairawhiti District Maori Land Less interest accrued .. .. 12 0 6 Board— 5,773 8 1 Mortgage .. .. .. 7,000 0 0 Sundry debtors — Interest accrued .. .. 61 5 0 On open account .. .. 9,285 12 0 7,061 5 0 Rent due .. .. .. 5,494 1 2 State Advances mortgage .. .. .. 2,780 11 7 14,779 13 2 Mangatu No. 1 .. .. . . .. 2,512 16 9 Advances to Natives on account of Rates accrued .. .. .. .. 675 11 8 rents, &c. .. .. .. .. 8,295 9 3 Sundry creditors .. .. .. .. 3,814 17 0 Ngapakira live-stock .. .. .. 3,532 12 6 Amount due to Natives on account of purchase- Investments — money, rents, &c. .. . . .. .. 570 15 1 Gisborne Sheep-farmers' Frozen Rent due .. .. .. .. .. 5,494 1 2 Meat and Mercantile Co., Ltd., Amount at credit of blocks on account of purchase- shares .. .. .. 1,458 0 0 money, &c. .. .. .. .. 15,679 9 9 Hawke's Bay Farmers', Ltd., Lindsay Store .. .. .. .. 33 7 11 shares .. .. .. 17 10 0 Bad Debt Reserve .. .. .. .. 1,599 17 6 Williams and Kettle, Ltd, > shares 262 10 0 Balance .. .. .. .. 371,383 15 6 Common Shelton and Co., Ltd., . shares .. .. .. 2 8 6 G. H. Scales .. ~ .. 15 0 1,741 13 6 Inscribed stock .. .. 6,520 19 9 Interest accrued .. .. 51 12 4 6,572 12 1 Office premises— Section .. .. .. 600 16 0 Building .. .. .. 3,262 2 7 3,862 18 7 Less depreciation .. .. 165 16 0 3,697 2 7 Office furniture and fixtures .. .. .. 190 0 0 Travelling-plant .. .. .. .. 750 0 0 Maori housing : Preliminary expenses .. .. 189 11 6 Mill Suspense Account .. .. .. 5,650 14 11 Lindsay plant .. .. .. .. 88 15 7 Tunnel laths.. .. .. .. .. 1,472 8 5 £ s. d. Wool unrealized .. .. 1,771 14 7 Produce unrealized .. .. 3,145 12 10 4,917 7 5 Less mutton unrealized .. 964 12 5 — — 3,952 15 0 £491,480 13 11 £491,480 13 11 Auditors' Certificate. We have audited the accounts of the East Coast Native Trust Lands for the year ended 30th June, 1940, and our report on the Audit of the Accounts is contained in letter of even date to the right Hon. the Minister of Native Affairs. Clark, Menzies, Griffin, and Co., Wellington, 30th September, 1940. Public Accountants, Auditors.

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