PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1911.

Appendix to the Journals of the House of Representatives, 1911 Session I, B-09

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1911. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1911.

Laid before the General Assembly m pursuance of Section 39 of the PubUc Trust Office Act, 1908.

• The Controller and Auditor-General to the Hon. the Minister oe Finance. Sir,— Audit Office, 14th June, 1911. I have the honour, in accordance with the provisions of .section 39 of the Public Trust Office Act. 1908, to transmit to you the attached balance-sheet of the Public Trust Office for the year which ended on the 3lsl March last, and to report that I have examined this balance-sheet and found it correct. I have, &c, R. J. Collins, Controller and Auditor-General. The Hon. the Minister of Finance. Wellington.

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B. 9.

Balance-sheet of the Public Trust Office for the Year ended 31st March, 1911.

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Name of Account. Halauces on 1st April. 1910. Transactions. Uγ. Cγ. Dr. Cγ. Balances on 81st March, 1811. Dr. Or. I Wills anil trusts Intestate estates Mental patients Convicts Unclaimed lands Unclaimed property .. West Coast settlement reserves Native reserves Auckland Hospital reserves Civil Service Aet. 1908 Post and Telegraph Act, 1908.. Public Service Superannuation Fund Public Service Classification and Superannuation Act, 1908, section 31 Teachers'Superannuation Fund Education Act, 1908, section 243 Government Railways Superannuation Fund Police Provident Fund Permanent .Militia Reward Fund Coal-miners' Relief Fund Gold-miners' Relief Fund Land Assurance Fund Maori Land Bend Fund Sinking Funds Kducatiuii Aet. 1908 (Taranaki Scholarships) Shipping and Seamen Aet. 1908 Industrial Schools Act, 1908 .. Little Barrier Island Purchase Act, 1894 Bankruptcy Act, inns Rating Aet. 1908 Public Works \.t. 19118. Met inn 78 Native Land Act Amendment Act. 1878 (No. 2). section 13 .Native Land Act. 1909. section 228 Native Land Laws Amendment Aet. 1883, section 14 Native Land Laws Amendment Act. 1895, sections 71 and 72 Native Land Laws Amendment Aet. 1S90. section 10 Native Land Court Aet, 1894, section OS Native Equitable Owners Act. 1886 Maori Heal Estate Management Act, 1888 Maori Lands Administration Act. 1900.. Property Law Act, 1908, section 75 Dairy Industry Advances Land Settlement Finance Aet. 11109 Destitute Persons Act. 1910 Miuinir Art.- deposits Wcstpori and Cardiff Coal Company shareholders Mortgage realization .. New lease deposit Special loans Suspense .. .. .. .. .. .... Imprest Carried forward .. .. .. .. ■ • t s. .1. >; s. d. £ -. (I. t a. (1. 53,164 II !i l>77.siiii 7 2 r>2. , !.501 8 1 750,(>4S 9 4 15,069 II 8 161,422 19 II 121,856 I!) 0 155,979 18 10 2.7IS 4 10 I2:S.:)S4 12 III 41,2f4 12 0 07,320 11 5 376 0 !> 473 ii (i 2,481 8 7 :S!)ii 12 2 18,393 2 0 425 lo I 1,669 15 11 110 0 (I 12 0 924 I !i 51,099 5 o 35.104 Hi 5 33.790 is 1 iso i> lo 19,302 13 4 9,230 17 10 10,844 1 4 342 14 10 679 :{ it l,32ti 2 10 4.483 9 8 1,376 li 5 1.05!) 2 1 .-ill 111 7 0 :! 4 -V) 0 7 IS2.7OI !l I 55.701 111 10 100.438 3 li 9,766 12 4 990 !l :i 582 17 3 131.210 13 4 19.700 Hi 1 50,924 II 2 :{ll!l 12 2 46 I 11 18 4 9 I73.87<> 1 8 i 04.S00 0 9 114,080 0 4 32.204 7 1 32.204 7 1 I.(101 2 11 75 0 5 T<» 111 8 5,085 2 10 820 o o 1.420 4 0 17 19 3 I.SOO II 7 .. ' 23,830 II lo 553 14 •'! 3.213 li 5 iss 14 s Hi.079 17 Hi 1,438,877 5 II 290.1100 14 ll 502.243 9 3 8.1175 4 1 271 4 7 1,084 IS 9 4711 13 !i 141 14 7 87 10 2 412 li 9 30 14 2 17 10 2 551 12 2 234 12 2 2.30S 15 1 484 15 2 156 I 1 11 2,198 II 4 407 118 173 4 4 3,971 IS 9 I.50S 10 1 4,113 13 0 773 5 .", 4111 5 II 10 2 1 I 0 14 0 72 Hi 0 IDS 1 I 2(1 17 9 221 10 8 1.041) 2 5 829 8 11 439 19 II 1.042 II 7 43 14 II 3 14 II 997 14 In 344 7 3 201 12 11 5 18 3 5 IS 3 3 I 5 10.108 19 2 7.7117 7 2 14.317 0 3 7.029 2 3 v479 12 II 23.874 10 8 312 17 0 0.020 12 4 7,300 I 5 1.400 12 4 70 14 0 170 2 4 04,027 4 10 07.041 13 10 10 11 3 156 15 I 2,875 0 0 1,000 0 0 980 0 10 1.000 0 0 82 8 2 S2 S 2 10 4 2 3 I 0 !H4 17 0 2.752 I 10 2.535 Hi III . .. 5.357 0 S 21.523 (I 4 23.758 3 4 2.00(1 0 0 .. 250 0 0 74.453 17 II 3,414,570 In s 1,317,584 0 7 2,100,998 0 4 f B. (1. f S. d. 49,1 Iβ IS Ij 1,20(5,905 15 2 19,78(i IT) 2 200.204 0 3 1 566 5 0 148,284 12 ."> 2.384 5 10 352 0 8 19,599 2 10 0 12 0 1 Hi 0 s47 :s :i 49,654 8 8 I in :i r> 20.851 in S 989 13 11 4. 1 lili 5 4 114 16 10 2<i:}.4H7 12 !l 9,369 o 4 162,440 8 5 :S7l 15 o 2(i3.ooo I :i ', ' 1,903 2 2 5.001 (i In I.78S 12 4 2(i.4'.IO 7 I' 16,491 3 2 1.711.1100 o :; ii.4ss is :i 410 !t 4 393 2 9 :il7 o o 2,:i4O 11 lo 1,964 4 o 0.577 1 8 292 1 9 72 2 0 398 14 0 1.25! I 13 "> 1.002 8 8 855 o o 12 o s 22.787 17 8 0 hi 2 23,024 lo 2 (11(2 0 7 1,500 0 2 (I 0 0 3,014 0 (> 14(1 4 1 1,815 0 0 13 13 2 10 I 2 1 :t 8 599 11 2 7,592 9 8 2,250 0 0 74,042 19 0 1,203,580 I 0

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. Fred Fitchett, Public Trustee. Examined and found correct. W Barr Accountant. Robert ,1. Collins, Controller suid Auditor-General.

Statements of Assets and Liabilities of the Public Trust Office Eor the War ended 31st. March, 1911.

Freehold premises as office-sites— £ .-. d. £ s. d. Wellington .. .. .. .. .. 4 t x.24(> 15 l<) Christchurch.. . . .. . . . . ~ 3,766 7 6 Auckland . . .. . ... .. . . 3,805 l(i 6 • 55,807 in D Furniture .. .. .. .. .. .. 3,911 0 !i Stocks, bonds, and debentures Government securities .. .. .. .. 340,468 0 o Municipal Corporation debentures .. .. .. 12!».7<>0 (I 0 County Council debentures .. . . .. .. 62,000 0 0 Harbour Board debentures .. .. .. .. 10,400 0 0 Town Board debentures .. .. .. .. 22,389 0 0 Land Settlement Finance Act . . . . (>3,680 li i; Water-supply Board debentures .* .. .. 13,000 0 n 1>41.1197 (i l> Mortgages .. .. .. .. .. .. .". 3,346,49(> 4!) Properties acquiied by foreclosure .. .. .. .. .. 6,713 7 7 Advances (on overdraft) to estates .. .. .. .. .. 71,792 19 (i Interest accrued due and overdue .. .. .. .. .. 39,892 12 7 Kent accrued and due .. .. .. .. .. .. 2(iO IS 1 Agents' balance (imprest) .. .. .. .. .. .. 2,250 (I 0 Fixed deposits .. .. .. .. .. .. ~ 1,803 7 2 Cash in hand and on current account .. .. .. .. 156,728 8 8 £4,327,349 5 4 Ii: i : i > XiK i rr 1 1 kit. Public Trustee. \V. Barr, Accountant.

< Liabilities. Amounts hold on account of sundry estates and funds: £ s . d. £ g, d Wills and trust estates .. .. .. .. 1,206,905 15 2 Intestate estates .. .. .. .. .. '200,2(>4 0 3 Mental patients'estates .. .. .. .. 148,284 12 ."> Convicts" estates .. .. .. .. .. 2.384 010 Unclaimed land and property .. .. .. .. 19,600 IS lo West ('nasi settlements and Native reserves .. .. 70,506 19 1 Auckland Hospital reserves .. .. .. .. 989 13 I! Maori hand Boards Fund .. .. .. .. 46,491 :i 2 Coal and Gold -Miners' Relief Funds .. .. .. 7.47(1 1(1 2 Land Assurance Fund .. .. ... . . 26,490 7(i Superannuation and Civil Service Funds .. .. 675,489 2 1 Sinking funds (Government and local bodies) .. .. 1,711,060 0i! Land Settlement Finance Act .. .. .. .. :'.(il4 ii i; Dairy Industry Advances Account .. .. .. 1,500 0 2 Taranaki Scholarships Account .. .. .. 9,488 IN 3 Sundry statutes .. .. .. .. .. 14,70~> o:j Sundry statutes (Native) .. .. .. .. 50009 1-4 i> Special loans (mortgagors' balances) .. .. .. i>0!) 14 2 4,195,963 14 0 suspense and new lease deposit .. .. .. ~ 7 tilli 7(I Assurance and Reserve Fund .. .. .. .. 39*621 II S Investment Fluctuation Reserve Fund .. .. .. .. ,-,(;;> |_| Profits invested .. .. .. .. .. IM) 645 17 9 Profit and loss .. .. .. .. . 22 939 13 7 E4,327,349 5 4 Examined anil found correct. Robert .J. Collins, Controller and Auditor-General.

Balance-sheet of the Public Trust Office for the Year ended 31st March, 1911— continued.

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„ , , Balances on let April, 1910. Transactions. Balances on 81st March, 1911 Naniu ot Account. D ' . Cr. Dr. Cr. Dr. Cr. a £ s. d. £ 8 . d. £ s. (1. £ s. d. ! I s. (1. £ s. (I. Brought forward .. .. .. .. .. 74,453 17 11 3.414,570 III 8 1,317,584 7 2.106,998 0 4 74.(142 ID f> 4,203 580 I (I ." Ulvst . . ■ •• •■ •• •• •• •• •• ■• .. 152.121 14 2 152,12114 2 Accrued interest .. .. .. ;;.s.74OI9 9 .. 39.S92 12 7 38.740 19 9 39,892 12 7 Accrued rent 211 5 6 .. 2HO18 1 211 5 0 2110 18 1 l.tiieral investment .. .. .. 2,189,551 I I :! .. 1,142.094 17 I 419,402 18 2 2.912.843 10 2 Special investment .. .. .. .. .. .. .. 954.041 IS :>, .. 224,109 0 0 101,057 10 0 1.077,153 8 3 ftoperties acquired by foreclosure .. .. .. .. .. .. .. 7,13110 10 418 !t :! ii 713 7 7 Freehold property .. .. .. .. .. .. .. 18,586 15 10 .. 7.700 12 11 539 9 o 55,807 19 9 V"' 11 "" 1 ' 1 ' •• •• •• •• •■ ■■ •• ■■ :5.95s SI .. 38< ; !) 5 43:! 10 9 3,911 0 9 '.'■"•' s " 1V,, -";' 1 •■ •• ■ ■■ •• •■ •■ •• 52,545 :i II .. 8,100 13 10 .. i>0.045 17 !i As uranoe and Reserve Fund .. .. .. .. .. .. .. 35,162 IS 0 .. 4,458 12 2 . 39,62111 8 investment Fluctuation Reserve .. .. .. .. .. .. -,,;.) | j '- )(i ., 4 ',, asl ! •■ •• •• ■■ •• ■■ •• 216,030 :.i 0 .. 1,978,405 17 I 2.037.712 II 5 J5H.723 8 8 I mfit tiiKl loss .. .. .. .. .. ., . 23,295 16 6 72.911 3 2 72.555 (I 3 . 2''939 13 7 .\cw premises .. . . .. .. .. ,. 19 8 19 8 3,525,580 19 7 3,525,580 19 7 4.943.320 17 7 4.943.320 17 7 4,327,349 5 4 4,827,349 5 4 Note.- The .ash balance includes £82,042 7s. 7d. received on :!lst .March. 1911. on account of the New Zealand State-euaranteetl Advances Sinking Fund, and £20,000 on account of the [karoa Maori ijaiKl Hoard.

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O. £ a. <1. By Balance on Ist April, 1910 .. .. •■ •■ •• ■• 23,295 16 6 Commission and charges .. .. . . . ■ ■ ■ ■ • 23,071 5 1 Interest, being surplus from investments .. •• •• ■■ •■ 10,30.1 10 11 Rents from securities acquired by foreclosure Rents from freehold property .. .. . . ■ • ■ • • ■ :! ' 2B<l ,4 ° Valuation fees .. .. '...... .. • ■ ■ ■ --WS * ~ I'rcs. rates, and premiums .. .. .. .. • ■ • • "«" ''" Sund.ies .. 370 10 2 £09,304 3 11

/),.. i s. d. £ s. d. To Expenses of management :— Salaries,— Head Office 12,314 2 6 Agencies .. .. •• ■• •■ •■ 6,130 4 6 18.444 6 11 (Herical assistant c .. . • • • •■ • ■ • ■ • ■ '"' 4 8 Agents' commission .. .. ■ ■ ■ ■ • ■ ■ • • 3,387 0 5 Cost of audit .. .. .. .. • ■ • • •■ 240 0 0 Services of High Commissioner's Office .. .. .. ■■ •■ 100 0 0 Services of General Post Office .. .. .. • • • ■ f>6s 5 7 Postages .. .. .. •■ .. •• ■■ •• 357 16 4 Exchange . . .. .. ■ ■ • • • • • ■ • • 156 15 8 Rent, — Head Office 1,830 0 0 Agencies «68 0 0 — - 2,498 (i (I Travelling-expenses .. .. •• ■■ ■• •■ — 801 '< 1 Legal expenses .. •■ ■■ •■ •• ■■ •• '"•_' '8 7 Printing, stationery, and office requisites .. .. ■■ •■ • 1.485 is !) Cleaning, lighting, &c. .. ■■ ■■ ■■ ■■ ■■ ■■ m - l 4 5 Advertising .. .. .. ■• •• ■• ■• ■■ 122 17 0 Valuation fees .. .. .. .. •• •■ •• ■• 2 - ( | ls •"' '_' Fees, rates, and premiums .. • • ■ ■ • ■ ■ • ■ ■ 814 11 5 Profits invested .. .. .. •• •• •■ •■ 8,100 13 10 Assurance and Reserve Fund .. .. •• ■• ■ •• '"*■ " Investment Fluctuation Account .. .. .. .. .. 562 1 4 Depreciation .. .. •• •• ••■ ■■ ■• •• '•'-'' 17 :i Sundries , 847 Id 10 Balance 22,939 13 7 £69,364 3 11

Interest Account for the Year ended 31st March, 1911.

Or. £ β-d. £ s. d. By Interest on mortgagee .. .. .. .. •■ 100,332 8 1 Interest on Government securities .. .. .. •• 1,680 0(I Interest on local bodies'debentures .. .. .. •• 8,80!) 0 0 Interest on advances to estates *.. .. .. .. 3,060 !l 8 Interest on current account in bank .. .. . • 780 14 7 Sundry receipts .. .. .. .. .. .. 90 12 10 \ecrued interest to 31st March, 1911 .. .. .. 37,362 9 0 — —£152,121 14 2 the Yeai ended 31st March, 1911. Cr. £ β-d. £ s. d. By Intestate estates .. .. .. .. •■ •• 1,322 18 11 ' The Bankruptcy Act.. ... .. .. .. 374 6 3 The Rating Act .. .. .. .. •• ..288 1110 The Shipping and Seamen Act .. . . .. .. 3 3 6 Suspense Account .. ~ .. ~ .- .. 090 ' £1,989 9 6

l >r £ s. d. £ s. d. To Accrued interest at 31st March, 1910, transferred .. .. 31,325 13 (i [ntereet transferred to estates .. .. .. ..104,098 13 j> Interest twice paid and overpaid refunded .. .. ■• 393 10 3 Balance transferred to Profit and Less Account .. .. 16,303 16 11 — £152,121 14 2 Consolidated Fund Account for D r £ s. d. £ s. d. To Amount paid to Public Account in terms of section IS of tlie Public Revenues Act, 1908 .. •• ■• •■ •• 1.989 9 6 — £1,989 9 6

Public Trust Office Profit and Loss Account. Summary of Revenue and Expenditure for the Year rutin/ 31st March, 191].

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Securities held by the Public Trust Office on the 31st March, 1911.

Public, Trust Office, July, 1911. Fred Fitchett, Public Trustee. W. Barr, Accountant. Examined and found correct. Robert J. Collins, Controller and Auditor-General.

Approximate Cotl of I'aper. — Preparation, not given ; printing (8,500 copies), £7 10ft.

Authority : John Mackay, Government Printer, Wellington. 1911.

Price b<l.}

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Nominal Value. Cost Price. New Zealand 4-per-cent. Consols inscription, Nos. 402 and 403 .. Immigration and Public Works Loan Act, 1870, 8 debentures, Nos. 4 to 11 ..I General Purposes Loan Act, 1873, 4 debentures, Nos. 32 to 35, and certificate No. 74 Lands for Settlements Consolidation Act, 1900, 24 debentures, Nos. 9753-8, 9759-62, 11718-9, 11835-6, 11844-53 Lands for Settlement Act, 1908, 7 debentures, Nos. 12837-9, 13532, and 13630 Government Railways Ael. !!M)S. l> debentures, Nos. .337 and 540 Hutt Railway and Road Improvement Act, 1907, debenture No. 112 Land Settlement Finance Act, 1909, 14 debentures, Noa. 30-41. 43. and 44 .. Borough of Dannevirke, 200 debentures, Nos. 1 to 200 Borough of Dannevirke, 3 debentures, Nos. 1, 2, and 3 Borough of Dannevirke, 75 debentures, Nos. 1 to 76 Borough of Dannevirke, 6 debentures, Nos. 1 to 6 Borough of Dannevirke, 20 debentures, Nos. 1 to 20 Borough of Kketahuna, 4 debentures. Nos. I to 4 Borough of Eketahuna, debenture No. 1 .. Borough of Eltham, 6 debentures, Nos. 1 to 6 Borough of Gladstone, 10 debentures, Nos. 1 to 10 Borough of Greytown, 4 debentures, Nos. 1 to 4 .. Borough of Hamilton, 77 debentures, Nos. 1 to 11, 14, 16, 21 to 28, 30 to 40, 69 to 113 Huntcrvillc Town Board, debenture No. 1 Borough of Invercargill, 7 debentures, Nos. 47 to 63 Borough of North Invercargill, 47 debentures, Nos. 1 to 47 Borough of South Invercargill, 50 debentures, Nos. 1 to 50 Borough of East Invercargill, 66 debentures, Nos. 1 to 25 and Nos. 1 to 30 Borough of Kaiapoi, 3 debentures, Nos. 1, 2, and 3 Borough of Levin, 11 debentures, Nos. 5 to 15 Borough of Levin, 35 debentures, Nos. 3 to 30 and 31 to 37 Borough of Lower Hutt, 4 debentures, Nos. 7 to 10 .. .. .. i Borough of Masterton, 4 debentures, Nos. 1 to 4 .. Borough of Onslow, 4 debentures, Nos. 7 to 10 .. .. Borough of Onslow, 5 debentures, Nos. 1 to 5 Borough of Onslow, 2 debentures, Xus. 1 and 2 .. Borough of Bangiora. 27 debentures, Nos. I to 6 and 11 to 31 Borough of Rangiora, 4 debentures, Nos. I to 4 Borough of Sydenham, debenture No. In Borough of Waipawa, s debentures, Nos. 18 to 25 Borough of Wanganui Bast, 18 debentures, Nos. I to 18 Hawera County Council, 62 debentures, Nos. 1 to (i2 Bull's Town Board, debenture No. 1 Gonville Town Board, 17 debentures, Nos. 54 to 70 Hunterville Town Board. 60 debentures, Nos 1 to 50 Johnsonville Town Board, debenture No. 1 Johnsonville. Town Board, !! debentures, Nos. 1, 2, and 3 . . Opunake Town Board, f> debentures, Nos. 1 to tt . . Waipawa Town Board, 75 debentures, Nos, I to 75 Waipawa Town Board, 10 debentures, Nos. 1 to 10 Waipukurau Town Board, 12 debentures, Ni.s. 1 to 12 Waimakariri-Ashley Water-supply Board, 2i> debentures, Nos. I to 26 Blurt Harbour Board, 104 debentures, Nos. 1 to 95 and Nos. 156 to 164 City of Christchurch, 5 debentures, Nos. 1, 3, 4, 5, and 6 .. City of Dunedin Waterworks Act. 1874, Loan, 7 debentures, Nos. 1032-3, 1044, 1074-5, 1137, and 1143 Fixed-deposit receipts .. Mortgages .. .. .. .. .. .. .. I £ a. d. 2,500 0 0 800 0 0 1,200 0 0 188,030 0 0 108.2:111 li 0 30,000 0 0 10,000 0 0 63,680 6 6 20,000 tl 0 1,600 0 0 7.500 0 0 6,000 0 0 2,000 0 0 2,300 0 0 ."i.'io 0 0 6,000 0 0 1,000 0 0 2,000 0 0 27,iioo t) 0 500 0 0 700 0 0 4,700 0 0 ."i.ooo 0 0 5.500 0 0 3,000 0 0 630 0 0 9,800 0 0 300 0 0 4,000 0 0 320 0 0 5.000 0 0 2.000 0 0 7,680 0 0 2,000 0 0 100 0 0 800 0 0 1,800 0 0 62,000 0 0 800 0 0 1,700 0 0 5,000 0 0 1,000 0 0 3,000 0 0 t>00 0 0 7,500 0 0 1,0(10 0 0 TOO 0 0 13,000 0 0 10,400 0 0 250 0 0 600 0 0 1,803 7 2 3,346,496 4 9 £ s. d. 2,500 0 0 672 0 0 1,036 0 0 188,030 0 0 108,230 0 0 30,000 0 0 lo.iioo 0 0 63,680 6 ii 20,000 0 0 1,500 0 0 7,500 0 0 li.000 0 0 2,000 0 0 2,300 o o 530 0 0 0,000 0 0 1,000 0 0 2,000 0 0 27,000 o 0 500 0 0 700 0 0 ,',700 0 0 5,000 0 0 5.500 0 0 3,000 0 0 630 0 0 9,800 0 0 300 0 0 4.000 0 0 3:>o o o 5.000 0 0 2,600 0 0 7,680 0 0 2.000 0 0 loo 0 0 800 0 0 1,800 0 0 62,000 o o 000 0 0 1,700 0 0 5,000 0 0 1,000 0 0 ?,000 0 0 600 0 0 7.5110 0 0 I.ooo 0 0 800 0 0 13,000 0 0 10,400 0 0 250 0 0 639 0 0 1,803 7 2 3,346,496 4 !) Total .. .. ■.. .. .. .. .. £ £3,990,249 18 5 9,990,249 18 5 £3,989,996 18 5