Memorandum.

It should be explained that the former of these two sums is in part repayment of a loan of One hundred pounds (£100) advanced to Wiremu Nera on the fifteenth (15) March 1855; which the Natives could only repay by giving credit to the Government, as for instalments previously paid on different blocks in their district;—this sum of Twenty pounds (£20) being thus refunded in the Wahatane purchase.

Credit is therefore claimed in this transaction for the whole sum of Forty pounds (£40);—in order that a counter-credit may be allowed to Wiremu Nera for Twenty pounds (£20) on account of the above mentioned loan.