B.—9a

2

Balance-sheet of the Public Trust Office- continued. Liabilities —continued. £ s. d. Assets —continued. £ s. d. Brought forward .. .. .. 19,215,388 2 4 Brought forward .. .. 16,985,905 17 3 Special investments held on behalf of certain estates and funds— £ s. d. Government securities .. 114,738 18 8 Local bodies' debentures 446,553 10 0 Private shares and debentures .. .. 4,942 1 6 Mortgages .. .. 1,656,008 I 10, Overdue interest on investments .. ... 7,239 18-1 . 2,229,482 5 I £19,215,388 2 4 £19,215,388 2 4 J. W. Macdonald, Public Trustee. W. Barr, 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. Profit and Loss Account for the Year ended 31st March, 1924. £ s. d. £ s. d. £ s. d. To Salaries ... .. .. .. 1.39,193 8 0 By Commission, charges, surplus interest, and rent 257,623 6 2 Overtime .. .. .. .. 207 0 7 Service charges— Agents'commission .. 4,58.1 13 5 Services of High Commissioner .. .. 1,050 0 0 Services of General Post Office ...... 434 3 0 6,065 16 5 Audit of books and accounts .. .. 700 0 0 Maintenance of premises and plant— Repairs, insurances, &c. — Offices .. .. .. 1,461 4 3 Motor cars and cycles .. 1,799 12 6 Ollice appliances .. 287 4 II Furniture, &c. .. .. 314 6 8 Insurance premiums on office premises .. 23 10 4 3,885 18 8 Rent .. .. .. .. 2,721 18 4 General charges— Advertising .. ... 3,317 9 0 Cleaning, lighting, heating, and power .. .. 2,753 4 9 Legal expenses .. .. 153 18 8 Miscellaneous payments .. 786 5 2 Postages and freight .. 2,646 0 6 Stamp duty on receipts and cheques .. .. 551 8 9 Telephone subscriptions .. 1,130 13 4 Printing, stationery, and requisites .. .. 4,484 16 I Travelling-expenses .. 4,313 9 9 Rangers' expenses in excess of fees charged .. .. 1,686 2 1 Extension of business .. 1,345 3 3 Wages of custodian and staff 4,700 810 27,869 0 2 Amounts written off under section 43, Public Trust Office Amendment Act, 1913 .. 424 14 1 Depreciation on office premises, furniture, plant, &o. .. .. .. .. 9,733 9 4 Reserve for loss on securities acquired .. 1,280 0 0 Balance, being net profit for year transferred to Appropriation Account .. .. 65,542 0 7 £257,623 6 2 £257,623 6 2 Profit and Loss Appropriation Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Reserve for income-tax, 1924-25 .. .. 13,300 0 0 By Profit and Loss Account : Balance transferred 65,542 0 7 General Legal Expenses Account .. .. 3,000 0 0 Profit on sale of office-site at Hamilton .. 190 14 (i Balance transferred to Investment Fluctuation Account ... .. .. .. 49,432 15 1 65,732 15 1 £65,732 15 1 J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant.

Approximate Cost of Paper. —Preparation, not given ; printing (475 cople*?, £4.

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