B.—9a

Session 11. 1923. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1923.

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

The Controller and Auditor-General to the Right Hon. the Minister of Finance. Sir,— The Audit Office, Wellington, 22nd June, 1923. 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 31st March, 1923, and to report that I have examined the balance-sheet, and found it correct. I have, &c, G. F. C. Campbell, The Right Hon. Minister of Finance, Wellington. Controller and Auditor-General.

Balance-sheet of the Public Trust Office as at 31st March, 1923. Liabilities. Assets. £ s. d. £ s. d. £ s. (I. £ s. d. Amounts held in Common Freehold and leasehold pre Fund for sundry estates mises and sites .. .. .. 271,792 15 7 and funds .. .. 14,916,227 13 4 Furniture and plant— Amounts held for special ' Furniture and library, &c. 17.920 3 5 investment on behalf of Meohanical appliances .. 5.270 I 9 certain funds, but not yet Motor oars and oyoles .. 2,74.'! 13 8 invested .. .. 34,138 2 0 25,934 110 Amount speoially invested Stationery stores, &o. .. .. 6,357 9 1 on behalf of oertain Stocks, bonds, and debenestates and funds .. 1,843,320 19 1 tures— 16,793,686 14 5 Government securities .. 838,924 15 4 Sundry creditors .. .. 107,504 7 2 Land Settlement Finance Reserve for income-tax .. 21,030 9 11 Aot debentures .. 50,192 0 0 Reserve for interest on Looal bodies' debentures 4,176,437 2 2 enemy property moneys 52,790 8 3 5,064,553 17 6 General Legal Expenses Mortgages, &c— Account .. .. 3,972 10 6 Mortgages .. .. 9,155,210 1 0 Investment Fluctuation Ac- Properties acquired by count .. .. 69,165 3 6 foreclosure, &c. .. 70,655 2 6 146,958 12 2 9,225,865 3 6 Assurance and Reserve Advances (on overdraft) to Fund .. .. .. 418,637 7 10 estates and accounts .. .. .. 309,727 17 8 Interest and rent accrued due and overdue— Interest aocrued up to 31st Maroh, 1923, but not yet due, and interest overdue .. .. 260,619 7 9 Rent accrued and duo .. 459 12 10 261,079 0 7 Sundry debtors . . .. .. .. 6,728 7 2 Cash and deposits— Cash in hand and on ourrent accounts .. 446,305 16 II Land and income tax de posits .. .. 1,108 1 5 Cash on deposit in London .. .. 3,000 0 0 Fixed deposits .. 1,013 11 3 451,427 9 7 .Special investments held on behalf of certain estates and funds— Government securities .. 113,665 0 2 Local bodies'debentures 336,979 0 0 Private debentures .. 2,979 7 9 Mortgages .. .. 1,385,165 8 II Overdue interest on investments .. .. 5,532 3 0 1,843,320 19 1 £17,466,787 1 7 £17,466,787 1 7 J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. The Audit Office having examined the balance-sheet and accompanying accounts, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. G. F. C. Campbell, Controller and Auditor-General.