B.—l [Pt. 11l

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PUBLIC TRUST OFFlCE— continued. Statement of Assets and Liabilities on the 31st March, 1921. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Amount held for sundry estates Freehold and leasehold preand funds .. .. .. 13,283,869 4 9 mises 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. 15,261 8 8 Investment fluctuations reserve 43,395 510 Mechanical appliances .. 7,745 19 2 Reserve for interest on enemy Motor cars and cycles .. 3,044 13 2 property moneys .. .. 38,773 4 4 Stationers' .. .. 7,209 5 6 Profits invested .. .. 251,870 12 2 33,261 6 6 Bonuses to estates unexpended 10,162 18 8 Stocks, bonds, and debentures— Branch Adjustment Account .. 15,614 8 4 Government securities .. 1,049,130 9 5 501,964 0 11 Land Settlement Finance Act debentures .. 52,071 0 0 Local bodies' debentures .. 2,809,358 6 2 3,910,559 15 7 Mortgages, &c.— Mortgages .. ..9,129,709 8 11 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 .. .. ~ 600 0 0 — 67,918 17 9 £13,918,906 4 10 £13,918,906 4 10 J. W. Macdonald, Public Trustee. Wellington. N.Z. W. Barr, Acting Chief Accountant. Examined and found correct —Robert J. Collins, Controller and Auditor-General. Profit and Loss Account for the Year ended 31st March, 1921. To Salaries— £ s. d. £ s. d. £ s. d. Permanent .. .. 147,895 5 0 By Commission and charges .. .. .. 98,036 5 7 Temporary .. .. 19,632 15 10 Interest, being surplus from investments .. 144,056 8 0 Unclassified .. .. 500 0 0 Rent .. .. .. .. .. 1,548 4 10 168,028 0 10 Profit on sale of office-site, Durham and Overtime .. .. .. .. 1,430 19 0 Armagh Streets, Christchurch .. .. 449 8 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 1,071 19 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, &o. .. .. 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 9 10 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 5 £244,090 6 5 J. W. Macdonald, Public Trustee. Public Trust Office, Wellington, 11th May, 1921. W. Barr, Acting Chief Accountant.