PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1921.

Appendix to the Journals of the House of Representatives, 1921 Session I-II, B-09a

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Session 11. 1921. NE W ZEA L A N 1).

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1921.

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

The Controller and Auditor-General to the Right lion, the Minister of Finance. Sir, — Audit Branch, Public Trust Office, Wellington, 10th August, 1921. 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 1 have examined the balance-sheet and found it correct. I have, &c, Robert 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, 1921.

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Balances on 31st March, 1920. Transactions. Balances on 31st March, 19-21. Accounts. Dr. Or. Dr. Cγ. Dr. Cr. t-states under administration Investment Agencies ft ; ar Regulations Act Miscellaneous Accounts and Funds Unclaimed Lands Unclaimed Property £ s. d. £ s. d. 349,908 0 4* | 3,562,7H 14 10 2,208 16 9* i 595,296 10 2 416 4 7 282,914 11 3 23 7 0* J 657,494 19 4 52 7 2 i 8,925 0 0 13 0M 10,456 11 8 £ s. d. 4,812,176 6 4 155,120 11 6 20,317 9 4 76,712 4 5 £ s. d. I 5,114,364 8 6 ', 139,341 12 4 29,936 16 5 j £ s. d. £ s. d. 348,726 18 7 3,863,721 15 3 577,308 14 3 3,066 11 10 295,184 5 7 354,110 2 10 J 124 2 5 934,993 13 2 959 2 5 7,328 10 4 589 16 11 j 23 13 11 8,527 1 3 3,290 17 5 J 6,417 15 9 Rating Act 2,921 12 10 1,362 9 1 461 12 3 I 2,020 16 0 Bankruptcy Act, 1908 Belief Funds Sundry Native Accounts .. .. .. .. .. Feachers' Superannuation Fund Account Public Service Superannuation Board Account Superannuation Funds — 1,833 0 11 1,411 11 11 24,249 19 9 430 15 6* J 262,541 9 4 13,941 14 10 16,549 10 6 14,578 11 0 45,938 10 9 367 14 8 1,511 5 4 4,310 12 9 2,976 11 7 22,505 0 11 4,643 19 8 105,586 1 8 204,042 5 7 598,216 2 11 135,146 11 9 204,488 3 8 219 0 7 291,890 4 6 3,053 13 9 606,149 0 7 15,326 12 0 54,619 9 5 Civil Service Act, 1908 .. .. .. .. .. .. ! Deferred (Naval) Pay Account Education Act, 1908, Section 243 • Government Railways National Provident Fund Post and Telegraph Act Public Service Classification and Superannuation Act, 1908, Section 31 Local Authorities' Superannuation Funds — Westport Harbour Board Auckland Harbour Board Buller County Council Wellington Harbour Board 7,460 1 1 534 2 7 82 12 10 394,955 14 9 330,585 3 5 1,405 17 8 5,077 3 10 1,124 12 6 7,661 5 9 1,712 12 5 47,922 14 1 31 0 0 485 19 5 1,081 3 2 517 15 4 4 7 3 8,510 4 3 565 18 6 87 0 1 533,976 15 1 \ 7,846 19 10 ; 137 8 5 490 4 11 585,591 2 11 148,912 0 3 519 13 10 257 7 7 1,359 10 5 3,272 7 7 760 0 8 446,570 2 7 471,650 3 10 1,788 3 1 4,844 6 6 1,748 7 6 9,264 11 3 1,851 6 1 735 15 5 j 1,669 2 1 j 621 7 0 I sinking Funds Land Settlement Finance Act, 1909 .. General Accounts — Various Internal Accounts Unpaid Vouchers Account 143 8 8 4,981,904 13 6 234 3 6 113,708 4 0 184,956 3 10* 472,033 8 1 11,744 0 6 j 124,903 4 10 22,234 10 8 1,255,916 11 8 104,770 12 7 58,413 4 3 0 1 5 6,112,774 13 1 554 15 3 102,582 2 4 116,217 6 0 Profit and Loss Account .. .. . . . .. >. [nterest [uterest Receivable Overdue Interest . .. 59,261 19 11 2,096,072 12 10 3,031,619 14 5 849,999 17 2 2,172,593 5 7 599,766 11 6 2,168,967 1 1 3,084,455 10 10 790,737 17 3 2,172,593 5 7 599,766 11 6 62,680 2 1 215,041 14 5 575,013 6 11 52,835 16 5 62,680 2 1

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J. W. Macdoxald, Public Trustee. W. Bare, Acting Chief Accountant.

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Mortgage Sundries Instalments Receivable Overdue Instalments General Investments Special Investments Mortgage Securities Acquired Mortgage Securities in Possession Office Property — Office premises and building -sites Furniture, fittings, library, &c. .. Stationery stocks 1,947 12 10 11,045,257 17 5 37,086 13 6 7,547 0 8 8 3 9 151,269 18 3 11,626 19 4 7,162 13 10 12,469 17 10 45,312 0 5 43,755 9 8 13,160 3 6 3,191,540 4 2 1,000 0 0 15,440 18 4 239 6 9 6,200 4 0 314 3 1 809 7 4 39,950 8 0 6,421 2 10 7,209 5 6 40,075 0 2 43,755 9 8 13,160 3 6 1,236,372 2 11 12,201 10 0 7,154 4 9 4 0 0 13,000,543 2 8 40,326 1 10 6,892 10 3 5,289 4 9 117 4 0 1,000 0 0 538 17 1 745 i 11 0 17 0 242 10 11 7,599 12 7 183,620 13 8 2,786 13 6 7,162 13 10 15,261 8 8 7,209 5 6 Plant — Mechanical appliances Motor-cars and cycles Deferred Expenditure Business Extension 5,854 17 9 2,429 4 4 2,254 10 7 2,004 12 3 68,533 12 10 3,322 1 5 2,061 18 10 5,396 IS 7 9,372,877 0 7 1,431 0 0 1,446 10 0 7,745 19 2 3,044 13 2 1,615 18 7 4,409 0 2 638 12 0 2,992 7 8 Cash 9,376,261 9 8 65,149 3 9 11,911,290 5 5 11,911,290 5 5 28,351,881 5 2 28,351,881 5 2 13,918,906 4 10 13,918,906 4 10 * The balances brought forward in these classes differ from the closing balances in the previous balance-sheet owing to the many amalgamations of classes effected during the j'ear.

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STATEMENT OF ASSETS AND LIABILITIES OF THE PUBLIC TRUST OFFICE ON THE 31st MARCH, 1921. LIABILITIES. £ s. d. £ s. d. ASSETS. £ s. d. £ s. d Amount held for sundry estates and funds .. .. .. .. 13.283,869 4 9 Freehold and leasehold premises and sites •...... .• 183,620 13 8 Sundry creditors .. .. .. .. .. .. .. 133,072 19 2 Furniture and plant— Assurance and Reserve Fund .. .. .. 142,147 11 7 Furniture and library, &c. .. .. .. .. 15.2(31 8 8 Investment fluctuations reserve .. ■■ •• 43,395 510 Mechanical appliances .. .. .. .. 7,745 19 2 Reserve for interest on enemy property moneys .. .. 38,773 4 4 Motor cars and cycles .. .. .. .. 3,044 13 2 Profits invested .. .. .. .. .. 251,870 12 2 Stationery .. .. .. .. .. 7.209 5 6 Bonuses to estates unexpended .. .. .. .. 10,162 18 8—— 33,261 6 6 Branch Adjustment Account .. .. .. .. 15,614 8 4 Stocks, bonds, and debentures— 501,964 011 Government securities .. .. .. .. 1,049,130 9 5 Land Settlement Finance Act debentures .. .. 52,071 0 0 Local bodies'debentures .. .. .. .. 2,809,358 6 2 3,910,559 15 7 Mortgages, feeMortgages .. .. .. .. .. 9.129,709 811 Properties acquired by foreclosure .. .. .. 6,892 10 3 9,136,601 19 2 Advances (on overdraft) to estates and accounts .. .. • • 374,071 11 9 Interest and rent accrued— Interest accrued, due, and overdue .. •■ 211,848 6 9 Rent accrued and due .. .. .. ■. 399 3 8 212,247 10 5 Sundry debtors for expenses paid in advance .. ■. ■ • 624 10 0 Cash and deposits— Cash in hand, on current account, and Agents" balances 65,149 3 9 Land and income tax deposits .. .. .. 2.169 14 0 Fixed deposits .. .. .. .. .. (500 0 0 67,918 17 9 £13.918,906 4 10 £13,918,906 4 10 Wellington, N.Z. J. W. Macdonald, Public Trustee. Examined and found correct. W. Barr, Acting Chief Accountant. Robert J. Collins, Controller and Auditor-General.

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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1921. To Salaries— £ s. d. £ s. d. £ s - d - Permanent .. .. .. .. .. .. 147,895 50 By Commission and charges .. .. .. •• •• •• 98,036 5 7 Temporary .. .. .. .. .. .. 19.632 15 10 Interest, being surplus front investments .. .- •• •• 144,056 8 0 Unclassified.. .. .. .. .. .. 50000 Rent .. .. .. .. .. •• •• ■• i- 548 410 168.028 0 10 Profit on sale of office-site, Durham and Armagh Streets, Christchurch .. 449 8 0 Overtime .. .. .. .. .. .. .. 1,430 19 0 Cost-of-living bonus .. .. .. .. .. .. 1.545 14 5 Service charges— Agents' commission .. .. .. .. .. 6.730 10 8 Services of High Commissioner .. .. .. 143 15 0 Services of General Post Office .. .. .. 1.07119 8 Services of Bank of New Zealand .. .. .. 44 18 6 7,991 3 10 Audit of books and accounts .. .. .. 900 0 0 Maintenance of premises and plant— Repairs and insurances— Offices .. .. .. .. .. .. 2.425 6 8 Motor cars and cycles .. .. .. .. 2,197 19 6 Office appliances .. .. .. .. 486 7 5 Sundries .. .. .. .. .. 392 2 7 Insurance premiums on office premises, furniture, &c. 468 10 3 5,970 6 5 Rent .. .. .. .. .. .. .. .. 2,487 8 8 General charges— Advertising .. .. .. .. .. 2,325 0 7 Cleaning, lighting, heating, and power .. .. 3,207 5 8 Legal expenses .. .. .. .. .. 639 910 Miscellaneous payments .. .. .. .. 2,197 16 9 Postages and freight .. .. .. .. 4.722 6 1 Telephone subscriptions .. .. .. .. 893 11 0 Printing, stationery, and requisites .. .. .. 10.050 19 4 Travelling-expenses .. .. .. .. .. 7,293 14 7 Extension of business .. .. .. .. 1,227 910 Wages of custodian and staff .. .. .. 5,192 6 3 37,749 19 11 Depreciation (office premises, furniture, and plant, &c.) .. .. 7,295 6 4 Balance, being net profit to Appropriation Account .. .. 10,691 7 0 £244,090 6 5 £244,090 6 5 Public Trust Office, Wellington, I lth May, 1921. J. W. Macdonald, Public Trustee. W. Barr, Acting Chief Accountant.

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PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31st MARCH 1921. £ s. d. £ s. d. £ s. dTo Alterations to premises .. .. .. .. .. .. 80 00 By Balance from Profit and Loss Account, being net profit for year ended 31st Furniture, &c— March, 1921 .. .. .. .. .. .. .. 10,691 7 0 Furniture and library .. .. .. .. .. 5,256 0 6 Balance transferred from Assurance and Reserve Fund .. .. .. 19.520 17 4 Office appliances .. .. .. .. .. 3,297 1 5 Motor cars and cycles .. .. .. .. 1,899 8 10 10,452 10 ~9 Investment and Fluctuation Reserve Account .. .. .. 6,500 0 0 Compassionate allowance to Mrs. Triggs.. .. .. .. 1,250 0 0 Amounts appropriated under section 43, Public Trust Office Amendment Act, 1913 .. .. .. .. .. 11,667 3 7 Unauthorized expenditure—Retiring-allowance (W. A. Fordham) .. 262 10 0 £30,212 4 4 £30,212 4 4 Public Trust Office. Wellington, 11th May, 1921. J. W. Macdoxald, Public Trustee. W. Barr, Acting Chief Accountant.

Price 6V/.] By Authority: Marcus F. Marks, Government Printer. Wellington.— 1921.

Approximate Cost of Paper. — Preparation, not given ; printing (750 copies), £10.