PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1933.

Appendix to the Journals of the House of Representatives, 1933 Session I, B-09a

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1933. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1933.

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 Eight Hon. the Minister of Finance. Sir, — The Audit Office, Wellington, 4th August, 1933. 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 balance-sheet of the Public Trust Office for the year ended on 31st March, 1933, and to advise you that it has been examined and found correct. I have, &c., G. F. C. Campbell, Controller and Auditor-General. The Right Hon. the Minister of Finance, Wellington.

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PUBLIC TRUST OFFICE. Balance-sheet oe the Public Trust Office as at 31 st March, 1933. Liabilities. Assets. £ s. d. £ s. d. . £ s. d. Amounts held in Common Freehold and leasehold premises and sites .. 442,650 7 9 Fund for sundry estates Furniture and plant, &c. .. .. .. 46,454 10 9 and funds .. .. 25,164,119 18 2 Stationery and stores, &c. .. .. .. 5,278 14 9 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities .. 2,216,868 4 .8 invested .. .. 81,298 12 10 Rural Intermediate Credit Amounts specially invested Board debentures .. 64,850 0 0 on behalf of certain Land Settlement Finance estates and funds .. 11,570,522 18 7 Act debentures .. 25,500 0 0 — 36,815,941 9 7 Local bodies'debentures 7,796,054 17 6 Sundry creditors, including 10,103,273 22 accounts passed for pay- Mortgages, &c. (book value) 13,711,647 12 2 ment but not yet paid .. .. 116,826 2 1 Less reserve .. .. 59,408 19 10 Reserve in respect of ex- 13,6525,238 12 4 enemy-property moneys 16,261 6 5 Advances for protection of Special reserve for securities 36,211 7 8 securities acquired or in General Legal Expenses possession, &c. .. .. 36,211 7 8 Account .. .. 13,455 0 9 Properties acquired (book Investment Fluctuation Ac- value) .. .. 189,705 16 9 count.. .. .. 97,909 15 9 Less reserve .. .. 15,857 9 0 _ 163,837 10 7 ' * 173,848 7 9 Assurance and Reserve Fund .. 427,346 1 3 Advances (on overdraft) to estates and accounts (book value).. .. 692,366 3 9 Less reserve .. .. 846 18 1 691,519 5 8 I Interest and rent accrued, due, and overdue — Interest accrued up to 31st March, 1933, but not yet due, and interest overdue .. 775,034 1 9 Rent due or accrued .. 482 18 2 775,516 19 11 Less reserve .. 94,196 10 7 681,320 9 4 Sundry debtors .. .. .. .. 16,479 0 5 Cash in hand, on current account, and on deposit in New Zealand, Sydney, and London .. 54,204 1 8 Investments of reserve for mortgages—Mortgages, &c. .. .. .. .. 34,382 11 9 Special investments (book value) held on behalf of certain estates and funds — £ s. d. Government securities .. 2,583,876 10 4 Rural Intermediate Credit Board debentures .. 29,000 0 0 Rural Advances bonds .. 2,245,357 15 0 Land Settlement Finance Act debentures .. 2,000 0 0 Local bodies'debentures 1,468,688 14 2 Private debentures and shares .. .. 30,867 7 4 Realty .. .. 600 0 0 Mortgages .. .. 5,047,991 8 5 Mortgage securities acquired .. .. 27,703 14 9 Loans .. .. 491 14 11 Savings-banks accounts 1,202 1 1 Overdue interest on special investments .. 132,743 12 7 11,570,522 18 7 Profit and Loss Appropriation Account .. 15,567 12 11 £37,523,951 3 6 £37,523,951 3 6 J. W. Macdonald, Public Trustee. 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 toe the Year ended 31st March, 1933. £ s. d. £ s. d. To Salaries .. .. .. .. .. 189,830 2 8 By Commission and other income .. .. 255,149 18 6 Overtime .. .. .. -. 120 9 5 Service charges— £ s. d. Agents'commission .. 3,602 19 10 Services of High Commissioner 1,010 0 0 Services of General Post Office 785 18 0 5,398 17 10 Audit of books and accounts .. .. 850 0 0 Maintenance of premises and plant: repairs, insurances, &o. .. 7,379 12 9 Kent .. .. .. .. 1,776 4 3 General charges— Advertising .. .. 24 8 8 Cleaning, lighting, heating, and power .. .. 5,656 4 7 Legal expenses .. .. 147 10 3 Rates .. .. .. 760 9 8 Miscellaneous payments .. 323 2 4 Postages and freight .. 4,150 17 10 Stamp duty on receipts and cheques .. .. 1,061 5 5 Telephone subscriptions .. 1,563 13 1 Printing, stationery, and requisites .. .. 5,017 17 4 Travelling-expenses .. 2,507 1 3 Salaries and expenses of Farm Inspectors .. .. 3,501 16 10 Extension of business .. 875 11 1 Salaries of custodians and staff 5,139 9 0 30,729 7 4 Amounts written off under section 43, Public Trust Office Amendment Act, 1913 .. 411 18 10 Compassionate allowances to dependants of deceased officers .. .. .. 180 0 0 Depreciation on office premises, furniture, plant, &c. .. . . . . . . 11,271 1 11 Contribution to subsidy to Public Service Superannuation Fund .. .. .. 3,751 6 4 Land-tax .. .. .. .. 404 0 6 Balance, being net profit for year, transferred to Appropriation Account .. .. .. 3,046 16 8 £255,149 18 6 £255,149 18 6 J. W. Macdonaid, Public Trustee. Profit and Loss Appropriation Account for the Year ended 31st March, 1933. £ s. d. £ s . d. To Balance .. .. .. .. .. 18,614 9 7 By Profit and Loss AccountBalance transferred .. .. .. 3,046 16 8 Balance .. .. .. .. 15,567 12 11 £18,614 9 7 £18,614 9 7 £ s. d. To Balance .. .. .. .. .. 15,567 12 11 J. W. Macdonald, Public Trustee.

Approximate Cost of Paper.—Preparation, not given; printing (610 copies), £3 ss.

Authority : G. H. Loney, Government Printer, Wellington. —1933.

Price 3d.~\

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