ACCOUNTS OF THE PUBLIC TRUST OFFICE FOR THE FIFTEEN MONTHS ENDED 31st MARCH, 1895.

Appendix to the Journals of the House of Representatives, 1895 Session I, B-09

8.—9.

1895. NEW ZEALAND.

ACCOUNTS OF THE PUBLIC TRUST OFFICE FOR THE FIFTEEN MONTHS ENDED 31st MARCH, 1895.

Laid before the General Assembly in pursuance of Section 36 of " The Public Trust Office Consolidation Aα, 1894."

WELLINGTON.

1895.

8.—9.

BALANCE-SHEET of the Public Trust Office for the Fifteen Months ended 31st March, 1895.

2

Balances on lsl January, 1894. Transi ,ctious. Balances on 31st March, 1895. Name of Account. Cr. Dr. Cγ. Dr. Or. Dr. Properties placed in the office j \ " Intestates' estates Real estates Lunatics' estates Native reserves West Coast Settlement Reserves Special deposits Police Reward Fund " Public Works Act, 1882," sections 64 and 65 .. " Native Lands Court Act, 1886," section 87 .. " Rating Act, 1876," section 63 " Rating Act, 1882 " .. " Native Land Act Amendment Act, 1878," section 13, No. 2 " Native Land Laws Amendment Act, 1883," section 14 .. " Shipping and Seamen's Act, 1877 " Permanent Militia Reward Fund .. " Debtors and Creditors Act, 1876," section 209 " Industrial Schools Act, 1882 " " Civil Service Eeform Act, 1886 " .. Trustees Eelief Act Auckland Hospital Reserves Act " Maori Real Estate Management Act, 1888 " .. Land Assurance Fund Native 10-per-cents, Auckland Native 5-per-cents, Wairarapa Natives at Wellington .. .. .. .. " Native Equitable Owners Act, 1886 " Railway Servants' Fund General Investment Account Returned Cheque Deposit Account .. • Profit and Loss Account Interest Account Suspense Account " Bankruptcy Act, 1883 " Cash Consolidated Fund Advance Account Coal-miners' Relief Fund Deficiency in Realisation of Mortgage Securities " Defence Act, 1886 " New lease deposit (" The West Coast Settlement Reserves Act, 1892 ") Accepted tenders " Unclaimed Lands Act, 1892 " " Native Lands Court Act 1886 Amendment Act, 1888," section 10 .. Agents' Deficiency Account Mortgage Realisation Account " Mangatu Empowering Act, 1893 " Foreign Insurance Companies' Deposit AccountAccrued Interest Account £ s. d. 271,203 0 3J 100,312 0 3 56,142 1 5J 8,796 17 11 17,544 5 5 17,583 11 0 £ s. a. £ s. d. '88,281 16 3 50,441 9 2 •32,855 7 9 927 5 1 12,520 0 3 10,135 16 10 28,388 4 5 2,792 15 0 86 10 2 26 13 4 £ s. d. 44,430 0 9 J 41,226 3 8 36,905 11 3J 1,084 10 9 9,503 16 4 7,751 1 5 20,970 19 7 12,677 13 11 80 18 8 52 2 4 4 6 0 156 9 4 4,058 15 1 2 16 10 777 10 11 . 431 9 0 119 19 5 324 14 2 45 13 4 2,169 15 1 45 11 9 3,626 1 8 6,924 12 11 6,569 15 8 £ s. d. 315,054 15 9 109,527 5 9 52,091 17 11 8,639 12 3 20,560 9 4 19,968 6 5 6,337 13 10 2,247 6 1 1,618 19 3 191 16 4 £ s. d. 1,079 11 0 12,132 5 0 1,613 7 9 217 5 4 4 6 0 65 16 0 2,987 3 1 385 0 7 2,476 1 6 304 13 0 1,180 2 11 324 14 2 6 2 2 8,680 13 4 361 14 11 3 12 10 9,969 6 1 87,749 1 5 2,542 7 5 252 16 7 659 13 2 5 18 3 1,927 5 3 138 10 8 3,447 13 0 279 7 6 24 10 11 407 15 5 172 13 4 446 13 7 4,485 5 4 2 15 1 3,035 13 5 10,873 7 8 5,669 3 6 47 17 4 2,376 1 0 661 11 3 1,723 1 6 280 19 5 1,232 16 10 407 2 5 10,996 3 7 318 18 3 586 15 5 13,918 0 10 86,848 9 3 2,542 7 5 252 16 7 659 13 2 5 18 3 2,054 19 5 1,413 7 9 1,405 3 1 I 594,337 10 7 127 16 5 45,334 3 3 50 4 0 28,432 8 1 39,442 8 8 2,795 7 4 647 14 8 280,011 11 2 0 2 3 107,832 13 2 544 8 11 26,354 16 3 39,441 18 8 3,073 18 10 594 19 1 270,786 15 7 925 2 10 3,482 14 11 0 10 0 274 19 5 5,650 3 3 656,836 0 6 553 10 11 5,597 7 8 21,325 11 10 12,100 16 3 1,414 6 9 395 11 9 611 17 8 .340 4 9 157 19 10 1,272 4 8 1,414 0 9 849 9 7 340 4 9 1,272 4 8 19 2 8 358 11 0 168 12 3 437 13 8 690 14 8 18 13 6 743 13 5 851 13 10 199 9 10 297 15 11 90 13 6 2,228 13 5 19 2 8 52 11 3 7 13 1 "2 13 6 183 11 4 328 16 3 31 0 4 2,207 8 0 250 0 0 2,215 0 0 90 13 6 21 5 5 250 0 0 2,215 0 0 4,646 6 5 4,646 6 5 617,085 13 2 675,737 13 6 617,085 13 2 659,058 13 6 659,058 13 6 675,737 13 6

B-—9.

Public Trust Office Profit and Loss Account. Revenue and Expenditure for the Fifteen Months ended 31st March, 1895.

3

Dβ. To Balance on 1st January, 1894 Commission and charges Transfer from Interest Account Accrued and overdue interest Rents from securities taken over Valuation-fees Sundries £ s. a. £ s. a. 1,350 3 1 5,026 11 4 5,517 0 2 4,646 6 5 309 8 8 216 7 0 257 2 6 By Expenses of Management — Salaries, — Head Office Branch offices and agencies Agents' commission Clerical assistance Cost of audit . : Services of Agent-General's Office General Post Office, services General Post Office, postages Legal expenses ' Advertising Coal, gas, office-cleaning, nightwatchman Stationery, printing, and office requisites Removing and furnishing new offices Valuation-fees Travelling-expenses Rent, Head Office Rent, agencies Sundries .. Cβ. £ s. d. £ s. d. 6,038 16 7 1,260 18 10 1,231 19 5 34 10 0 320 0 0 112 10 0 300 0 0 225 0 0 189 17 7 176 16 2 119 15 7 990 8 0 200 6 4 208 19 0 122 2 1 567 1 8 181 5 0 262 3 9 13,972 16 1 Land-tax Amoitnt of deficiency in realisation of mortgage securities appropriated 12,542 10 0 684 5 8 340 4 9 Unauthorised — Government Life Insurance Department: Refund portion of E. McCarthy's compensation for loss of office 57 8 i Unauthorised — Costs incurred in conserving the estate of R. Aitken, deceased .. Loss in administering the estate of F. E. Noble, deceased Loss in administering the estate of Edward Gillett, deceased E. McCarthy : Compensation for loss of office Cost of drafting " The Public Trust Office Consolidation Act, 1894," " The Unclaimed Lands Act, 1894," and " The Lunatics Act Amendment Bill, 1894 " Legal costs in trying to recover property in the estate of Hugh Campbell, deceased .. 1,024 10 5 5 13 6 0 1 11 2 10 0 104 0 0 250 0 0 102 2 5 57 8 4 470 7 10 Native Reserves Branch — To Commission and charges Cost of advertising refunded 906 0 7 4 4 0 Native Reserves Branch — By Salaries Commission Expenses, Native Board members Stamping and registering leases Rent Sundries 397 18 10 116 9 3 33 14 0 72 5 0 39 0 0 6 14 9 ■ 910 4 7 666 1 10 West Coast Settlement Reserves Branch — To Commission Fees ... Cost of advertising refunded Sundries .. 1,264 17 2 718 2 3 359 7 6 4 3 6 West Coast Settlement Reserves Branch — By Salaries Clerical assistance Reserves agent's travelling-expenses Public Trustee's travelling-expenses Valuer's travelling-expenses Legal expenses .. .. .. Advertising Expenses of presiding officer at rent meetings, Native agents, and their travelling-expenses Stamping and registering leases Sundries 874 1 8 56 1 8 161 16 9 11 16 9 95 13 0 501 1 9 300 14 6 502 0 2 57 10 0 82 8 10 9 34fi in s Balance 2,643 5 1 . 3,290 7 4 A , X\J it £20,637 2 6 £20,637 2 6

8.—9.

Interest Account for the Fifteen Months ended 31st March 1895.

4

De. Inteeest Account for the Fifteen Months ended 31st March 1895. Cβ. £ s. d. £ s. d. By Interest transferred to estates To Interest on mortgages .. .. .. .. 21,902 3 2 Eefunds .. Interest on Government securities .. .. • .. 12,405 0 0 Balance transferred to Profit and Loss Account Interest on Kaihu Valley Railway debentures .. .. 1,100 0 0 Interest on fixed deposits in banks .. .. .. 505 4 7 Interest on Current Account in bank .. .. .. 937 0 10 Interest on Dunedin Corporation bonds .. .. .. 74 11 9 Interest on South Invercargill Borough debentures .. .. 59 18 6 Interest on Masterton Borough debentures .. .. 12 0 0 Interest on sundries.. .. .. .. .. 56 18 7 Dividends on shares.. .. .. .. .. 350 4 3 Befunds of interest .. .. .. .. .. 91 18 0 31,789 13 2 188 6 4 5,517 0 2 £37,494 19 8 _ £37,494 19 8 " Civil Seevice Befobm Act, 1886." De. Statement of Account for the Fifteen Months ended 31st March, 1895. Cβ. £ s. d. £ s. d. To Balance on 1st January, 1894 .. .. .. .. .. 8,679 10 3 I By Amounts paid on retirement from the service Deductions from salaries .. .. .. .. 3,998 16 5 Amounts paid Government Life Insurance Department under the Refund on account of J. A. Wilson .. .. .. 62 10 0 provisions of " The Civil Service Insurance Act, 1893" Interest added to account .. .. .. .. 423 18 11 Balance .. 4,485 5 4 £13,164 15 7 £ s. d. £ s. d 1,177 12 11 1,025 17 4 10,961 5 4 13,164 15 7 £13,164 15 7 De. Consolidated Fund Account for the Fifteen Months ended 31st March, 1895. Cβ. 1895. £ s. d. £ s. d. . 1895. March 30. To Balances in the under-mentioned accounts, unclaimed ' March 30. By Amount paid to Public Account for six years: — Intestate estates .. .. ., .. 2,545 2 11 Wills .. .. .. .. .. 1,094 9 3 Section 63 of " The Rating Act, 1876 " .. .. 13 14 1 " The Bankruptcy Act, 1883".. .. .. 509 2 1 Section 209 of " The Debtors and Creditors Act, 1876" 324 14 2 The Shipping and Seamen's Act, 1877 " .. .. 39 15 8 Section 87 of " The Native Land Court Act, 1886 " .. 4 6 0 Returned cheque, Deposit Account .. .. 45 17 10 "The Rating Act, 1882" .. .. .. 859 5 6 Suspense Account .. .. •. 87 6 5 £5,523 13 11 £ s. d. £ 3. d 5,523 13 11 £5,523 13 11

8.—9.

Securities held by the Public Trust Office on the 31st March, 1895.

J. K. Waebubton, Public Trustee. Thos. S. Eonaldson, Accountant. Examined and found correct, except that differences are observable between the statements in detail appended to the balance-sheet and the balance-sheet itself. These differences do not represent actual errors, but are the outcome of a defective system of account, which has been remedied since the beginning of the current year, and need not be further referred to. James C. Gavin, Assistant Controller and Auditor. Minute by the Public Trustee. The alleged remedy lies in the adoption, to the satisfaction of the Audit, of a suggestion that authorisation of payment should be treated as actual payment. But whether, in accounts, true difference may be thus resolved into agreement, and discrepancy prevented, is a question of some principle; and judgment will turn on the point whether accounts should be subordinate to facts or not. J. K. Waebubton, Public Trustee. Approximate Cost of Paper .—Preparation, not given; printing (1,400 copies), £5 3s. (id.

By Authority : Samuel Gostall, Government Printer, Wellington.—lB3s. Price tid.\

•2—B. 9.

5

Nominal Value. Cost Price. £ s. a. Part of Treasury bill No. 9 .. .. .. .. .. .. 163,400 0 0 Treasury bill No. 10 .. .. .. .. .. .. .. 59,000 0 0 Consolidated stock debentures Nos. 835, 920, and 921 .. .. .. .. 20,400 0 0 Consolidated stock debenture No. 998 .. .. .. .. .. 11,000 0 0 Government Loans to Local Bodies, debentures Nos. 852 to 866 and 713 .. 16,000 0 0 Immigration and Public Works Loan, 1870, debentures Nos. 4 to 11, 1921 to 1925 i 1,300 0 0 General Purposes Loan, 1873, debentures Nos. 32 to 35, and certificate 74 .. 1,200 0 0 Kaihu Valley Eailway Company (Limited), debentures Nos. 6 to 27 .. .. 22,000 0 0 Dunedin Waterworks Loan, debentures Nos. 1032, 1033, 1044, 1074, 1075, 1137, and 1143 . .. .. .. .. .. .. .. 600 0 0 Borough of South Invercargill, debentures Nos. 11 to 20 .. .. .. 1,000 0 0 Borough of Masterton Gasworks Loan, debentures Nos. 1 and 2 _. .. 200 0 0 Wellington Gas Company (Limited), shares certificate .. .. .. ', 300 0 0 National Bank of New Zealand (Limited), shares certificate .. .. .. I 747 10 0 National Mortgage and Agency Company of New Zealand (Limited), shares certificate .. .. .. .. .. .. .. .. J 273 0 0 New Zealand Loan and Mercantile Agency Company (Limited), shares certificate ; 481 0 0 Wellington Trust, Loan, and Investment Company (Limited), shares oertifieate.. 350 0 0 Kaitangata Railway and Coal Company (Limited), shares certificate .. .. 450 0 0 The South British Fire and Marine Insurance Company of New Zealand, shares certificate .. .. .. .. .. .. .. .. 23 0 0 The Colonial Bank of New Zealand, shares certificate .. .. .. 1,726 0 0 Bank of New Zealand, shares certificate .. .. .. .. .. 234 19 0 Bank of Now Zealand, fixed-deposit receipts .. .. .. .. 44 6 9 The Union Bank of Australia, fixed-deposit receipts .. .. .. .. I 400 0 0 Mortgages .. .. .. .. .. .. ., ..J 354,933 4 9 £ s. d. 163,400 0 0 59,000 0 0 20,400 0 0 11,000 0 0 16,000 0 0 1,172 0 0 1,036 0 0 23,100 0 0 639 0 0 1,000 0 0 200 0 0 300 0 0 747 10 0 273 0 0 407 0 0 350 0 0 450 0 0 23 0 0 1,726 0 0 234 19 0 44 6 9 400 0 0 354,933 4 9 Total .. .. .. .. .. ...I £656,063 0 6 £656,836 0 G I