PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1919.

Appendix to the Journals of the House of Representatives, 1919 Session I, B-09a

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1919. NEW ZE A L AND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1919.

Laid before the General Assembly in pursuance of Section 39 of the Public Trust Office Act, 1908.

The Controller and Auditor-General to the Right Hoii. the Mtnister of Finance. Sir,— Audit Branch, Public Trust Office, Wellington, 14th July, 1919. 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 31st March last, and to report that I have examined the balance-sheet and found it correct. I have, &c., Rohert J. Collins, Controller and Auditor-General. The Right Hon. the Minister of Finance, Wellington.

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BALANCE-SHEET OF THE PUBLIC TRUST OFFICE FOR THE YEAR ENDED 31st MARCH, 1919.

Balances on 31st March, 1918. Transactions. Balances on 31st Maroh, 1919. Name of Account. Dr. Or. Dr. Cr. Dr. I Cr. Wills and Trusts Estates Deceased Soldiers' Estates Soldiers' Agencies Intestate Estates Mental Patients' Estates Convicts' Estates Unclaimed Lands Unclaimed Property £ s. d. £ s. d. £ s. d. 200,236 4 9* 2,462,737 11 9 I 1,647,375 2 2 1,814 9 11* 151,307 12 5 i 350,887 13 11 960 6 0* 17,454 19 2 ! 28,287 13 11 49,214 19 2* 358,566 16 9 : 347,961 10 5 5,331 17 10 255,513 4 11 190,335 2 0 3,508 17 1 2,943 19 0 225 0 7 9,069 1 10 819 3 5 2 0 0 9,471 0 2 388 10 4 £ s. d. 1,749,768 18 2 461,207 9 11 52,766 16 0 444,126 8 7 213,644 14 6 844 13 9 565 8 9 682 5 5 £ s. d. £ s. d. 226,147 11 11 2,591,042 14 11 2,558 12 0 262,371 10 6 300 16 7 41,274 11 10 51,742 18 11 457,259 14 8 2,762 7 6 276,253 7 1 22 5 8 1,431 17 6 101 5 1 8,691 11 8 5 6 0 ' 9,768 1 3 * Relief Funds .. .. .. .. .. Personal Acts Native Reserves Native Land Act, 1909, Section 185 Miscellaneous Native Accounts West Coast Settlement Reserves 24,585 7 5 , 3,913 19 5 60 14 11 8,744 8 4 j 4,935 13 7 77 15 1 30,956 0 2 12,368 2 5 21 0 7 122,343 3 5 18,334 1 0 17,969 14 9 4,115 19 3 238 7 3 58,498 19 6 50,075 13 5 j 3,029 13 0 12,680 13 0 | 15,582 0 4 21,770 0 9 574 1 7 58,480 3 9 23,701 1 0 123 2 3 16,551 15 1 124 6 8 34,216 9 8 32 6 9 125,790 9 4 14,427 17 1 220 8 10 66,885 11 5 Superannuation Funds — Civil Service Act, 1908 Deferred (Naval) Pay Account Education Act, 1908, Section 243 .. Government Railways Superannuation Fund National Provident Fund Post and Telegraph Act, 1908 Public Service Classification and Superannuation Act, 1908, Section 31 .. Teachers' Superannuation Fund Local Authorities' Superannuation Funds — Auckland Harbour Board Superannuation Fund Buller County Council Superannuation Fund Welhngton Harbour Board Superannuation Fund Westport Harbour Board Superannuation Fund Sinking Funds .. .. .. ... Land Settlement Finance Act, 1909 Auckland Education Reserves Bankruptcy Act, 1908 Consolidated Fund Education Act, 1908 (Taranaki Scholarships) Education Reserves Amendment Act Government Fire Insurance Fund Land Assurance Fund Maori Land Boards' Fund Mining Act Deposits Permanent Militia Reward Fund Property Law Act, 1908, Section 75 ... 7,567 8 8 646 1 0 1,091 6 11 2,620 9 3 72 14 11 362,688 11 7 365,901 12 5 171,953 2 9 358 14 4 951 14 8 0 17 6 4,874 19 2 215 17 6 439,378 12 8 445,810 17 7 4,864 13 9 1,997 4 0 1,237 0 5 565 9 9 31,581 18 7 10,505 10 10 641 15 9 3 11 7 3,326,535 5 5 . 132,599 18 5 11,033 6 6 69,350 15 9 84,183 1 0 1,555 17 2 3,433 12 6 1,852 4 11 314 1 3 10,136 19 0 ! 3,135 5 0 14,614 6 1 549 2 9 17,316 1 5 2,557 2 3 53,328 19 5 845 8 5 46,579 6 7 26 19 10 345,673 19 3 9,462 13 2 1,350 0 0 2,293 3 11 4,225 4 1 2,167 9 2 918 15 9 2,219 14 1 6 15 3 355,212 7 0 71,421 11 7 250 4 3 299 13 2 6.432 4 11 3,589 5 7 880 14 6 17,615 14 9 1,163 15 10 796,919 10 5 102,018 10 6 2,685 16 3 28,1 19 4 3,298 15 3 1,206 16 2 1,619 3 4 12,524 11 3 1,864 19 8 49,058 15 2 .109 17 9 4.433 8 6 7,840 3 5 690 11 9 79 10 2 351,999 6 2 243,016 0 0 1,201 1 5 4,958 14 10 6,456 15 4 1,552 5 2 38,692 2 6 522 0 1 61 0 0 3,990,912 5 10 15,615 13 0 91,768 11 9 808 0 11 1,820 3 0 10,300 9 3 15,271 19 6 16,378 2 6 65,008 2 3 48,417 6 5 385,270 1 3 1,350 0 0 2,403 1 8 6,491 3 5

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Robert Teiggs, Public Trustee. W. Bake, Acting Chief Accountant.

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Public Service Superannuation Board Account .. Teachers' Superannuation Fund Account Rating Act .. .. .. .. ... Shipping and Seamen Act, 1908 War Regulations Act Welhngton and Hutt Road and Railway Improvement Westport and Cardiff Coal Company Shareholders Sundry Accounts Imprest Suspense Branch Adjustment Account Land-tax Deposit Account Income-tax Deposit Account Unauthorized Expenditure Bonus to Estates War-loan Certificates Purchase Account Interest and Instalments — " i - - ! - • j 19,605 17 3 0 8 10 955 5 7 821 19 7 8 9 0 4,749 2 5 977 7 4 29,464 11 9 ! 316,399 0 3 ; 313,224 1 11 35,630 13 4 969,846 19 5 971,566 9 4 3,307 6 3 898 13 0 138 15 0 441 1 6 308 11 10 778 0 8 234,253 9 9 4,066 6 8 36,472 12 10 0 10 10 1,087 5 2 .. 43 8 8 49 8 5 4,261 4 0 28,871 16 11 31,089 4 0 2 2 7 710 0 0 396 19 7 1,135 0 0 14,722 12 1 38,315 2 0 ' 33,000 4 10 15 0 3,458 7 8 : 68,198 13 4 654 2 10 552 4 0 101 18 10 1,571 10 1 910 1 3 661 8 10 38 17 11 851 16 10 164 8 5 1,852 15 10 27,800 9 3 30,447 18 9 808 15 0 , 820 15 0 257 18 0 42,314 9 6 1,719 9 11 2,547 8 3 910 10 4 266,659 17 11 1,130 13 10 49 8 5 5,525 8 1 9,400 10 11 59,991 3 3 4,500 5 4 245 18 0 Interest Interest receivable Overdue interest Accrued interest Instalments receivable Overdue instalments General Investments Special Investments Securities Release Suspense Mortgage Securities acquired Mortgage Securities in Possession Office Property — Office premises Furniture and library Stationery Plant— 135,100 8 5 8,392,339 19 4 33,036 7 6 6,571 6 3 102,681 14 10 4,451 1 6 1,511,206 1 8 I 1,511,206 18 447,652 1 4 447,652 14 57,845 1 10 57,845 1 10 153,582 2 6 135,100 8 5 153,582 2 6 35,018 2 0 35,018 2 0 3,927 3 10 3,927 3 10 | 1,843,008 17 0 940,982 14 9 9,294,366 1 7 11,650 0 0 7,550 0 0 37,136 7 6 93,475 11 10 93,475 11 10 2,408 16 10 253 12 10 8,726 10 3 235 18 10 1,141 13 7 1,122 6 9 50,920 10 1 30,421 13 6 123,180 11 5 5,145 11 1 1,669 19 4 7,926 13 3 2,307 5 9 .. 2,307 5 9 216 12 0 Mechanical appliances Motor ears, cycles, &c. Assurance and Reserve Fund Investment Fluctuation Reserve Deferred Expenditure Unexpired Insurance Premiums, &c. Cash Profits invested Profit and Loss .. .. .. • • I — 2,351 17 6 322 17 4 166,326 2 10 1,'201 17 6 565 0 0 2,988 15 0 730 8 9 281 0 6 772 5 7 194,726 16 2 24,907 2 8 31,913 17 9 24,373 11 8 .. 5,699 6 0 3,531 14 5 , 638 11 10 2,893 2 7 .. 193 17 0 .. 193 17 0 4,570,992 14 5 4,643,880 15 2 93,438 2 1 126,770 3 10 1,145 4 6 : 35,945 5 11 51,363 14 8 461,843 14 0 464,044 14 201,733 11 3 30,072 17 8 161,570 5 3 53,564 2 0 r j 9,139,519 19 8 j 9,139,519 19 8 14,408,877 13 4 14,408,877 13 4 10,065,027 3 6 10,065,027 3 6 * The balances brought forward in these classes differ from those shown in the previous balance-sheet owing to the transfer of soldiers' estates in district offices from the wills and trust and intestate classes to the separate class for soldiers' estates. «

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STATEMENT OF ASSETS AND LIABILITIES OF THE PUBLIC TRUST OFFICE ON THE 31st MARCH, 1919. LIABILITIES I ASSETS. Amounts held for sundry estates and funds— £ s. d. £ s. d. ! Freehold and leasehold premises as offiosites— £ s. d. Wills and trusts estates .. .. .. .. 2,591,042 14 11 Auckland .. .. .. .. .- 21,885 13 9 Deceased soldiers' estates .. .. .. .. 262,371 10 6 Christchurch .. .. .. .. •• 5,425 12 10 Soldiers'agencies .. .. .. ... .. 41,274 11 10 Dunedin .. .. .. .. ■■ 6,062 15 0 Intestate estates .. .. .. .. .. 457,259 14 8 Greymouth .. .. .. .. •• 1,368 12 3 Mental patients'estates .. .. .. .. 276,253 7 1 Hamilton .. .. -■ ■■ •- 1.510 0 0 Convicts' estates .. .. .. .. .. 1,431 17 6 Hawcra .. .. .. .. .. ■■ 1,780 17 0 Unclaimed land and property .. .. .. 18,362 19 7 Invercargill .. .. .. .. •■ 2,982 13 2 Sundry statutes (Native) .. .. .. .. 140,218 6 5 Masterton .. .. .. .. •• 2,100 0 0 West Coast Settlements and Native Reserves .. .. 101,102 1 1 Napier .. .. .. - ■, ■■ 1.565 0 0 Superannuation and Civil Service Funds .. .. 366,769 7 9 Nelson .. .. .. .. .. ■■ 3,561 8 2 Public Service Superannuation Board's Fund .. .. 42,314 9 6 Palmerston North .. .. .- - 1.2.8 6 3 Teachers' Superannuation Board's Fund .. .. 1,719 911 Wanganui .. .. .. .. .- 4,338 12 2 Local Bodies'Superannuation Funds.. .. .. 47,223 3 1 Wellington .. .. .. .. -• 69,321 010 National Provident Fund .. .. .. .. 243,016 0 0 123,180 11 5 Sinking funds (Government and local bodies') .. .. 3,990,912 510 Furniture and plant— Land Settlement Finance Act .. .. .. 91,768 11 9 Furniture and library .. .. .. .. 7,926 13 3 Auckland education reserves .. .. .. 808 011 Mechanical appliances .. .. .. •■ 2,988 15 0 Relief funds .. .. .'. .. .. 23,701 1 0 Motor-cars and cycles .. .. .. .. 772 5 7 Taranaki Scholarships .Account .. .. .. 15,271 19 6 Stationery.. .. .. .. .. •• 2.307 5 9 Education Reserves Amendment Act .. .. 16,378 2 6 13,994 19 7 Government Fire Insurance Fund .. .. .. 65,008 2 3 Stocks, bonds, and debenturesLand Assurance Fund .. .. .. .. 48,417 6 5 Government securities .. .. .. .. 910,660 18 10 Maori Land Boards' Fund .. .. .. .. 386,270 1 3 Land Settlement Finance Act debentures .. .. 77,194 4 8 War Regulations Act .. .. .. .. 266,659 17 11 Local-body debentures .. .. .. .. 1,224,124 15 2 Sundry statutes and accounts .. .. .. 123,531 4 2 2.211.979 18 8 9,618,086 7 4 Mortgages, AcAssurance and Reserve Fund .. .. 201,733 11 3 Mortgages .. .. .. .. .. 7,118,932 6 6 Investment fluctuation reserve .. .. .. .. 30,072 17 8 Properties acquired by foreclosure .. .. .. 8.726 10 3 Profits invested .. .. .. .. 161,570 5 3 7,127,658 16 9 Profit and Loss Account .. .. 53,564 2 0 446,940 16 2 Advances (on overdraft) to estates and accounts .. .. • • 338,704 011 Interest accrued, due and overdue .. .. .. ■ ■ 153, 582 2 6 Cash and fixed depositsCash in hand on current account and Agents' balances (imprest) .. .. .. .. .. 95,336 9 9 Fixed deposits .. .. .. .. .. 590 311 95,926 13 8 £10,065,027 ~. 3 6 Examined and found correct. > Robert Triggs, Public Trustee. R. J. Collins, Controller and Auditor-General. W. Barr, Acting Chief Accountant.

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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1919. To Salaries— £ s. d. £ s. d. £ s. d. Permanent .. .. .. .. .. .. 55,616 77 By Commission and charges .. .. .. •• -■ •• 52,027 11 3 Temporary .. .. .. ..• .. .. 27,676 19 4 Interest, being surplus from investments .. .. .. .. .. 137,259 15 9 83,293 611 Rent from freehold property .. .. .. .. .. .. 1,065 7"6 Overtime .. .. .. .- ■■ -- 2,693 7 0 Offiee solicitor's fees, &e. .. .. .. .. .. ... 4.099 6 5 War bonus to staff .- -- -- ■• -- 5-675 10 11 Service charges — Agents' commission .. .. .. .. .. 6,330 3 0 Services of High Commissioner .. .. .. 175 0 0 Services of General Post Office .. .. .. 1,296 810 Services of Bank of New Zealand .. .. .. 44 17 0 7,846 8 10 Audit of books and accounts .. .. .. .. ■ ■ 900 0 0 Maintenance of premises and plant — Repairs and Ixsurakces— Offices .. .. .. .. .. .. 1,529 2 0 Motor cars and cycles .. .. .. .. 552 11 0 Office appliances .. .. .. .. 180 17 9 Sundries .. .. .. .. .. 454 2 4 Insurance premiums on office premises and furniture .. 243 1 11 2,959 15 0 Rent .. .. .. .. .. .. ■- ■■ 1-423 7 5 General charges — Advertising .. .. .. .. .. 963 2 2 Cleaning, lighting, and firing .. .. .. .. 1, 881 310 Legal expenses .......... 66 18 11 Miscellaneous payments .. .. .. .. 664 19 0 Postages and freight .. .. .. .. .. 2,489 19 8 Telephone subscriptions ~.. .. .. .. 401 4 1 Printing, stationery, and requisites .. .. .. 4,474 0 6 Travelling-expenses .. .. .. .. .. 2,028163 Wages of custodian and staff .. .. .. .. 2,378 5 2 15,348 9 7| Depreciation (office premises, furniture, &c).. .. .. .. 4,156 0 0 Balance, being net profit to Appropriation Account .. .. .. 70,155 15 3 £194,452 0 11 £194,452 0 11 Robert Triggs, Public Trustee. W. Barr, Acting Chief Accountant.

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PROFIT AND LOSS APPROPRIATION|ACCOUNT. To Appropriations as under— £ s. d. £ s. d. £ s. dPremises— ;By Balance brought forward .. .. .. .. .. .. 51,363 14 8 Wellington .. .. .. .. .. 318 1 7 Refund of overcharge to capital expenditure on Head Office premises, during Auckland .. .. .. .. .. 1,085 3 8 year ended 31st March, 1918, now adjusted in accordance with footnote Christchurch .. .. .. .. .. 1178 to the annual accounts to that date .. .. .. .. 1,145 4 6 1,414 12 11 Balance from Profit and Loss, being net profit for year ended 31st March, 1919 70,155 15 3 Office-sites— Hamilton .. .. .. ... .. i.gio 0 0 Napier .. .. .. .. .. .. 1,565 0 0 Palmerston North .. .. .. .. 1 278 6 3 4,353 6 3 Furniture, etc.— Furniture and library .. .. .. .. 3.337 17 10 Office appliances .. .. .. .. i 201 17 6 Motor cars and cycles .. .. .. .. 730 39 1 5,270 4 1 Property Account Unappropriated in 1917 .. .. 906 10 0 Bonus to Estates .. .. .. .. .. .. 30 qqq q q Investment Fluctuation Account .. .. .. .. 4 647 0 0 Assurance and Reserve Account .. .. .. .. 22 508 19 2 Balance in hand .. .. .. .. .. .. 53 9 o £122.664 14 5 £122,664 14 5 Robert Triggs, Public Trustee. W. Barr, Acting Chief Accountant.

By Authority : Maectts F. Marks, Government Printer, Wellington.— 1919. Price 6d.}

Approximate Cost of Paper. — Preparation, not given ; printing (3.250 copies), £15.