PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1930.

Appendix to the Journals of the House of Representatives, 1930 Session I, B-09a

B.—9a

1930. NEW ZEALAND

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1930.

Laid before the General Assembly in pursuance of Section 27 of the Public Trust Office Amendment Act, 1921-22.

The Controller and Auditor-General to the Hon. the Minister op Finance. Sir, — Audit Office, Wellington, N.Z., 18th August, 1930. I have the honour, in accordance with the provisions of section 27 of the Public Trust Office Amendment Act, 1921-22, to transmit to you the attached balance-sheet of the Public Trust Office for the year which ended on the 31st March, 1930, and to advise you that it has been examined and found correct. I have, &c., G. F. C. Campbell, Controller and Auditor-General. The Hon. the Minister of Finance, Wellington.

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PUBLIC TRUST OFFICE. Balance-sheet as at 31st March, 1930. Liabilities. i Assets. £ s. d. £ s. d. ; £ s. d. Amounts held in Common Freehold and leasehold premises and sites, and Fund for sundry estates balance purchase-money of premises sold .. 494,919 10 8 and funds .. .. 24,014,191 19 3 Furniture and plant, &c. .. ... .. 47,530 14 11 Amounts held for special Stationery and stores, &c. .. .. .. 5,941 12 7 investment on behalf of Stocks, bonds, and debencertain funds, but not tures— £ s. d. yet invested .. .. 80,825 17 0 Government securities .. 2,524,071 16 9 Amount specially invested Land Settlement Finance on behalf of certain Act debentures .. 38,500 0 0 estates and funds .. 9,954.272 2 0 Local bodies'debentures 7,757,622 7 11 34,049,289 18 3 10,320,194 4 8 Sundry creditors, including Mortgages, &c. .. .. 12,934,369 10 1 accounts passed for pay- Less reserve .. .. 46,882 7 2 ment, but not yet paid .. 137,447 1 11 12,887,487 2 11 Reserve for land and income Advances for protection of tax .. .. .. 4,531 17 6 securities acquired or in Reserve in respect of enemy- possession, &c. .. .. 21,727 17 8 property moneys .. 36,182 15 10 Properties acquired .. 138,568 1 1 Special reserve for securities 15,000 0 0 Less reserve .. .. 22,453 19 1 General Legal Expenses 116,114 2 0 Account .. .. 16,218 8 10 Advances (on overdraft) to Investment Fluctuation Ac- estates and accounts .. 403,564 19 11 count .. .. 132,695 18 5 Less reserve .. .. 968 18 8 204,629 0 7 402,596 1 3 Assurance and Reserve Fund .. .. 427,346 1 3 Interest and rent accrued, Profit and Loss Appropriation Account .. 5,498 7 7 due, and overdue— Interest accrued up to 31st March, 1930, but not yet due, and interest overdue .. 379,832 12 0 Rent due or accrued .. 755 7 6 380,587 19 6 Sundry debtors .. .. .. 58,840 2 5 Cash in hand, on current account, and on deposit in New Zealand and in London .. .. .. 133,998 19 0 Special investments held on behalf of certain estates and funds — Government securities .. 1,722 ,535 1 6 Rural Advances bonds . . 871,006 10 0 Land Settlement Finance Act debentures .. 3,500 0 0 Local bodies' debentures- 2,036,033 14 1 Private debentures and shares .. .. 27,769 5 7 Mortgages .. .. 5,231,351 6 3 Mortgage securities acquired .. .. 47,231 0 9 Advances for protection of securities .. 14 6 8 Loans .. .. 446 14 11 Savings-bank accounts .. 1,029 5 5 Overdue interest on special investments .. 13,354 16 10 9,954,272 2 0 £34,824,210 9 7 £34,824,210 9 7 J. W. Macdonald, Public Trustee. F. Menneer, Assistant Chief Accountant. I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General.

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PUBLIC TRUST OFFlCE—continued. Profit and Loss Account for the Year ended 31st March, 1930. £ £ s. d. £ s. d. £ s. d. To Salaries .. .. .. .. 213,346 810 By Commission and other income .. .. 312,219 19 6 Overtime .. .. .. .. 707 19 9 Service charges — Agents' commission ..9,392 7 4 Services of High Commissioner 1,180 0 0 Services of General Post Office 861 3 6 11,433 10 10 Audit of books and accounts .. . . 700 0 0 Maintenance of premises and plant— Repairs, insurance, &c. .. .. 6,671 12 3 Rent .. .. .. .. 1,08218 4 General charges— Advertising .. .. 5,71219 6 Cleaning, lighting, heating, and power .. .. .. 5,642 11 0 Legal expenses .. .. 178 15 3 Rates .. .. .. 666 2 7 Miscellaneous payments .. 835 16 10 Postages and freight .. 4,712 19 3 Stamp duty on receipts and cheques .. .. 1,062 10 11 Telephone subscriptions 1,163 5 8 Printing, stationery, and requisites .. .. .. 6,850 15 5 Travelling-expenses .. 4,820 10 4 Salaries and expenses of Farm Inspectors .. .. 4,096 14 6 Salaries of custodians and staff 6,829 0 1 42,572 1 4 Depreciation on office premises, furniture, plant, &o. .. .. .. .. 17,029 18 0 Contribution to subsidy to Public Service Superannuation Fund .. .. .. 3,146 17 6 Land-tax .. .. .. .. 2,271 17 6 Income-tax .. .. .. .. 2,260 0 0 Balance, being net profit for year, transferred to Appropriation Account .. .. 10,996 15 2 £312,219 19 6 £312,219 19 6 J. W. Macdonald, Public Trustee. F. Menneer, Assistant Chief Accountant. Profit and Loss Appropriation Account for the Year ended 31st March, 1930. £ s. d. £ s- d. To Consolidated Fund— By Investment Fluctuation Account .. .. 14,733 14 10 One-half profits for year ended 31st March, Profit and Loss Account— 1929, paid in accordance with section 24 (1) Balance transferred .. .. .. 10,996 15 2 of the Finance Act, 1929 .. .. 14,733 14 10 Profit on sale of leasehold property .. .. 889 4 7 General Legal Expenses Account .. .. 1,000 0 0 Investment Fluctuation Account .. .. 5,387 12 2 Balance .. .. .. . . 5,498 _ 7 7 £26,619 14 7 £26,619 14 7 £ s. d. By Balance .. .. .. .. •• 5,498 7 7 J. W. Macdonald, Public Trustee. F. Menneer, Assistant Chief Accountant.

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