B.—9A.

1927. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1927.

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

The Deputy Controller and Auditor-General to the Hon. the Minister of Finance. Sir, — Audit Office, Wellington, 17th August, 1927. 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, 1927, and to report that it has been examined and found correct. I have, &c., J. H. Fowler, The Hon. the Minister of Finance, Wellington. Deputy Controller and Auditor-General.

Balance-sheet of the Public Trust Office as at 31st March, 1927. Liabilities. Assets. £ s. d. £ s. d. £ s . d. Amounts held in Common Freehold and leasehold premises and sites .. 441,366 18 1 Fund for sundry estates Furniture and plant, &c. .. .. 37,505 16 11 and funds .. .. 18,906,624 19 10 Stationery and stores, &c. .. .. .. 5,961 4 1 Amount held for special Stocks, bonds, and debeninvestment on behalf of tures — £ s. d. certain funds, but not Government securities .. 1,265,693 3 7 yet invested .. .. 83,722 17 1 Land Settlement Finance Amount specially invested Act debentures .. 39,600 0 0 on behalf of certain Local bodies'debentures 6,374,230 12 9 estates and funds .. 7,495,568 15 7 — 7,679,523 16 4 26,485,916 12 6 Mortgages, &c. , .. 10,675,363 17 3 Sundry creditors, including Less reserves .. .. 64,943 2 3 accounts passed for pay- 10,610,420 15 0 ment but not yet paid .. .. 173,366 17 3 Advances for protection of Reserve for income-tax .. 4,376 0 5 securities acquired or in Reserve in respect of enemy- possession, &c. .. .. 10,031 14 2 property moneys .. 82,805 1 4 Properties acquired .. 53,260 11 7 Special reserve for securities 15,000 0 0 Less reserve .. .. 11,903 0 0 General Legal Expenses 41,357 11 7 Account .. .. 11,526 19 7 Advances (on overdraft) to Investment Fluctuation Ao- estates and accounts .. 369,875 19 10 count .. .. 115,239 10 4 Less reserve .. .. 1,925 13 2 228,947 11 8 367,950 6 8 Assurance and Reserve Interest and rent accrued Fund .. .. .. 427,346 1 3 due and overdue— Interest accrued up to 31st March, 1927, but not yet due, and interest overdue .. 331,432 2 3 Rent due or accrued .. 733 18 11 332,166 1 2 Sundry debtors, including transactions in process of adjustment between Head Office and London .. .. 27,756 17 2 Gash in hand, on current account, and on deposit in New Zealand and in London .. .. .. 265,967 5 11 Special investments held on behalf of certain estates and fundsGovernment securities .. 550,976 15 6 Local bodies'debentures 1,923,795 14 4 Land Settlement Finance Act debentures .. 5,506 0 0 Private debentures and shares .. .. 13,101 0 9 Mortgages .. .. 4,973,285 410 Mortgage security ac - quired .. .. 3,563 12 2 Loans .. .. 1,164 5 4 Savings-bank accounts .. 374 7 0 Overdue interest on special investments .. 23,801 15 8 — 7,495,568 15 7 £27,315,577 2 8 £27,315,577 2 8 J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — J. H. Fowler, Deputy Controller and Auditor-General.