PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1908.

Appendix to the Journals of the House of Representatives, 1908 Session I, B-09

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1908. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1908.

Laid before the General, Assembly in pursuance of Section 36 of " The Public Trust Office Consolidation Act, 1894."

The Controller and Auditor-General to the Hon. the Minister of Finance. Sir,— Audit Office, 7th July, 1908. I have the honour, in accordance with the provisions of section 36 of " The Public Trust Office Consolidation Act, 1894," to transmit to you the attached balance-sheet of the Public Trust Office for the year which ended on the 31st March last, and to report that I have examined this balance-sheet and found it correct. I am, Ate., J. K. Warburton, The Hon. the Minister of Finance, Wellington. Controller and Auditor-General

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BALANCE-SHEET of the Public Trust Office for the Year ended 31st March, 1908.

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Balances on 1st April, 1907. Transactions to 31st March, 1908. * Balances on 31st March, 1908. Name of Account. Or. Dr. Or. Dr. Or. Dr. l__ Wills and trusts .. • • • • ■ • • • Intestate estates .. • • • • •■ Mental patients .. ■• ••• Convicts Real estates Unclaimed lands West Coast settlement reserves Native reserves Auckland Hospital reserves .. • • . • • Auckland Hospital reserves special loan account " Civil Service Reform Act, 1886 ".. " Post and Telegraph Classification and Regulation Act, 1890 " " Public Service Superannuation Fund Act, 1907 " " Public Service Superannuation Fund Act, 1907," section 14 " Teachers' Superannuation Act, 1905 " " Teachers'Superannuation Act, 1905," section 20 Government Railways Superannuation Fund Police Provident Fund Permanent Militia Reward Fund Coal-miners' Relief Fund Land Assurance Fund Sinking Funds «* Taranaki Scholarships Act, 1905 " " Shipping and Seamen's Act, 1877 " " Industrial Schools Act, 1882 " .. " Little Barrier Island Purchase Act, 1894 " .. " Bankruptcy Act, 1892 " " Rating Act, 1894 " .. " Public Works Act, 1882," sections 64 and 65.. " Public Works Act, 1894," section 77 " Public Works Act, 1905 " " Native Land Act Amendment Act, 1878 (No. 2)," section 13 " Native Land Laws Amendment Act, 1883," section 14 .. " Native Land Laws Amendment Act, 1895," sections 71 and 72 " Native Land Laws Amendment Act, 1896," section 10 .. " Native Land Court Act, 1894," section 68 .. ' " Native Equitable Owners Act, 1886 " " Maori Real Estate Management Act, 1888 " .. " Maori Lands Administration Act, 1900 " .. " Maori Land Claims Adjustment and Laws Amendment Act, 1907 " " Reserves and other Lands Sale, Disposal, and Enabling and Public Bodies Empowering Act, 1901 " " Property Law Act, 1905," section 75 Dairy industry advances Mining Acts deposits Mortgage realisation Oswin's defalcations Suspense .. • ■ • ■ Imprest .. • ■ • • Interest Accrued interest General investment Special investment Special loans Assurance and Reserve Fund Cash Profit and loss New lease deposit •£ s. d. 1,469 11 0 1,699 6 8 1,575 0 0 21,473 17 6 | 1,695,897 2 4 422,026 17 8 8,201 12 1 | £ s. d. 668,071 11 1 137,751 3 3 81,615 2 3 97 15 9 49 7 10 14,826 2 1 48,654 17 3 17,820 15/ 6 1,586 18 3 47,402 14 5 20,924 13 6 34,733 16 2 1,905 4 10 110,736 12 3 29,126 1 3 1,681 19 11 3,930 15 10 18,335 5 3 803,833 8 4 6,190 8 10 334 19 7 403 7 8 551 12 2 2,008 14 1 3 063 18 10 2 4 0 2,364 13 3 721 2 3 759 9 5 1,252 10 7 1,256 7 7 238 11 9 5 18 3 ! 7,647 2 6 I 899 12 3 | 868 11 5 768 18 2 6,653 17 2 1,592 5 6 591 7 5 23,521 6 3 47,551 19 2 10 4 2 | £ s. d. 433,338 2 3 147,644 15 9 42,010 4 10 8 17 0 49 7 10 578 10 9 31,459 8 10 8,785 0 4 2,472 10 8 17,752« 9 6 3,217 19 6 516 12 10 26 4 2 32 5 0 7,727 1 10 229 16 6 36,651 14 5 7,997 14 9 0 13 3 980 10 3 1,458 3 1 98,074 18 9 98 12 4 187 5 1 24 7 6 309 12 10 327 16 1 244 4 10 257 1 5 58 17 6 799 16 8 605 1 10 35 10 2 4.487 3 7 857 14 1 2,388 16 6 3,811 17 1 63 15 10 ] 2,653 17 2 677 8 8, 11,095 5 9 I 125 0 0 ' 105,463 6 3 26,716 11 10 503,307 0 6 183,515 0 0 2,153 2 3 | 1,379,253 6 7 57,233 18 11 £ s. d. 544,265 8 1 140,025 7 1 55,758 12 6 69 17 9 1,663 8 11 32,385 9 7 9,527 14 11 2,647 0 11 19,222 0 6 7,625 19 9 7,977 7 1 21,769 11 5 5,314 10 0 35,215 16 8 141 18 9 52,558 1 1 9,408 19 1 135 5 1 1,236 12 8 3,669 2 2 268,187 14 7 835 3 7 265 0 10 664 16 9 1,130 19 2 2 14 0 3,135 15 5 1,226 2 11 2,899 11 5 290 0 11 8,560 14 1 4,465 8 0 300 0 0 1,520 5 1 5,042 5 10 188 10 8 350 0 0 702 1 10 1,699 6 8 11,535 1 11 105,463 6 3 21,473 17 6 311,284 5 2 48,750 0 0 1,856 14 0 3,970 13 0 1,326,205 18 0 45,140 1 4 £ s. d. 1,700 0 0 26,716 11 10 i 1,887,919 17 8 556,791 17 8 61,249 0 8 | £ s. d. 778,998 16 11 130,131 14 7 95,363 9 11 158 16 6 15,911 0 3 49,580 18 0 18,563 10 1 1,761 8 6 51,810 14 8 28,385 7 9 21,743 7 3 5,282 5 0 62,222 11 0 1,817 7 1 126,642 18 11 30,537 5 7 1,816 11 9 4,186 18 3 20,546 4 4 973,946 4 2 6,927 0 1 412 15 4 379 0 2 551 12 2 2,363 18 0 3,867 1 11 2 4 0 2,123 2 5 2,878 14 0 662 4 9 759 9 5 1,678 16 10 3,550 17 2 493 2 6 5 18 3 11,720 13 0 4,507 6 2 300 0 0 1,230 8 9 893 13 0 4,350 0 0 24 13 7 2,032 1 8 294 19 2 27,491 19 3 35,458 1 7 10 4 2 2,152,343 7 3 ; 2,152,343 7 3 j 3,127,764 12 11 I 3,127,764 12 11 2,534,377 7 10 2,534,377 7 10

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Public Teust Office Profit and Loss Account. Summary of Revenue and Expenditure for the Year ended 31st March, 1908. Dr. £ . s. d. £ s. d. Cb. £ . b. cU £ s. d. To Expenses of Management:— By Balance on Ist April, 1907 .. .. .. .. .. 47,55119 2 Salaries,— Commission and charges .. .. .. .. 18,212 210 Head Office .. .. .. .. .. 9,126 1 2 Interest, being surplus from investments .. .. .. 14,704 2 11 Agencies .. .. .. .. .. 4,536 17 0 Eents from securities taken over .. .. .. 241 15 4 Clerical assistance .. .. .. .. 198 3 4 Valuation fees .. .. .. .. .. 694 1 0 Agents'commission .. .. .. .. .. 2,997 18 7 Sundries ~ .. .. .. ... .. 205 710 Cost of audit .. .. .. .. .. 240 0 0 34,057 9 11 Services of High Commissioner's Office .. .. .. 100 0 0 Services of General Post Office (eighteen months) 975 0 0 Postages ............ 410 18 3 Rent,— Head Office .......... 635 0 0 Agencies .. .. .. .. .. 586 16 10 Travelling-expenses .. .. .. .. .. 708 11 6 Legal expenses .. .. .. .. .. 274 18 0 Printing, stationery, and requisites .. .. .. 1,294 18 2 Cleaning and lighting .. .. .. .. 312 910 Furnishing .. .. .. .. 388 15 4 Advertising .. .. .. .. .. 205 16 9 Valuation fees .. .. .. .. .. 712 4 6 Sundries .. .. '.'. .. .. .. 713 6 2 Oswin's defalcations.. .. .. .. . 1,718 8 4 New premises .. .. .. .. .. 17,10117 11 Transfer to Assurance and Reserve Fund .. .. .. 2,913 510 Balance .. .. .. .. .. .. 35,458 17 ■* . £81,609 9 1 £81,609 9 1

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Inteeest Account for the Year ended 31st March, 1908. *" «, a * a a 0.-r £ s. d. £ s. d. De £ s. a. i s. a. oe. To Accrued interest at 31st March, 1907, transferred .. .. 19,493 610 By Interest on g.... 15 0 Costs recovering overdue interest 110 Interest on current account m bank .. 2g7 0 8 Balance transferred to Profit and Loss Account .. 14,704 211 ££K2& at 31st March] 1908 .. V. .. Alw " 8 105,463 6 3 105,463 6 3 Consolidated Fund Account for the Year ended 31st March, 1908. Dr £ s. d. £ s. d. I Cb. £ s - d - £ s - d - To Amount' paid to Public Account in terms of section 76 of " The i By Balances in the undermentioned accounts, unclaimed for six Public Eevenues Act, 1891" 2,784 0 1 .instates 2,313 1110 Mental patients .. .. . • ■ • • • or I o The Civil Service Reform Act Account.. .. • ■95 5 2 The Bankruptcy Act .. .'. ■ ■ ■ ■ 218 5 3 The Shipping and Seamen's Act .. . • • ■2010 5 The Rating Act ~ ~ ~ ~ ■ •8 10 , 2,784 9 1 2 7 84 a 1

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Securities held by the Public Trust Office on the 31st March, 1908.

By Authority: John Mackay, Government Printer, Wellington.—l9oB. Price 6d.~\ 2—B. 9.

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Nominal Value. Cost Price. " New Zealand Consols Act, 1894,' inscriptions Nos. 82, 120, 139, 155, 192, 204, £ s. d. £ I 206, 222, 231, 244, 251, 258, 261, 265, 269, 270, 275, 280, 282, and 284 .. 1,224 0 0 1,224 I " Immigration and Public Works Loan Act, 1870," eight debentures, Nos. 4 to 11 800 0 0 672 ( " General Purposes Loan Act, 1873," four debentures, Nos. 32 to 35, and certificate No. 74 .. .. .. .. .. .. 1,200 0 0 1,036 I '• Land for Settlements Consolidation Act, 1900" .. .. .. 184,530 0 0 184,530 i "Aid to Public Works and Land Settlement Act, 1906," three debentures, Nos. 297, 298, and 299 .. .. .. .. .. 30,000 0 0 30,000 I Waimakariri-Ashley Water-supply Board, three debentures, Nos. 1 to 3 .. 3,000 0 0 3,000 I Waimakariri-Ashley Water-supply Board, Brown's Rock Subdivision, three debentures, Nos. 1 to 3 .. .. .. .. .. 3,000 0 0 3,000 I Borough of Onslow, five debentures, Nos. 1 to 5 .. .. .. 5,000 0 0 5,000 I Borough of Onslow, two debentures, Nos. 1 and 2 .. .. .. 2,600 0 0 2,600 I Borough of Onslow, seven debentures, Nos. 4 to 10 .. .: .. 560 0 0 560 I Borough of Invercargill, seven debentures, Nos. 47 to 53 .. .. .. 700 0 0 700 I Borough of North Invercargill, forty-seven debentures, Nos. 1 to 47 .. .. 4,700 0 0 4,700 I Borough of South Invercargill, fifty debentures, Nos. 1 to 50 .. .. 5,000 0 0 5,000 I Borough of East Invercargill, fifty-five debentures, Nos. 1 to 25 and Nos. 1 to 30 5,500 0 0 5,500 I Borough of Gladstone, ten debentures, Nos. 1 to 10 .. .. .. 1,000 0 0 1,000 I Borough of Sydenham, seventeen debentures, Nos. 1b to 17b .. .. 1,700 0 0 1,700 I Borough of Lower Hutt, loan of £8,000, eight debentures, Nos. 1 to 8 .. 8,000 0 0 8,000 I Borough of Lower Hutt, loan of £1,000, one debenture, No. 1 .. .. 1,000 0 0 1,000 I Borough of Lower Hutt, loan of £2,500, five debentures, Nos. 1 to 5 .. .. 2,500 0 0 2,500 I Borough of Lower Hutt, loan of £2,800, two debentures, Nos. 1 and 2 .. 1,300 0 0 1,300 i Borough of Lower Hutt, loan of £6,000, six debentures, Nos. 1'to 6 .. .. 6,000 0 0 6,000 i Borough of Lower Hutt, loan of £750, eight debentures, Nos. 3 to 10 .. 600 0 0 600 i Borough of Blenheim, loan of £3,500, thirty-five debentures, Nos. 1 to 35 .. 3,500 0 0 3,500 i Borough of Petone, loan of £8,000, eight debentures, Nos. 1 to 8 .. .. 8,000 0 0 8,000 i Borough of Petone, loan of £5,000, five debentures, Nos. 1 to 5 .. .. 5,000 0 0 5,000 i Borough of Petone, loan of £500, one debenture, No. 1 .. .. .. 500 0 0 500 I Borough of Petone, loan of £1,000, one debenture, No. 1 .. .. .. 1,000 0 0 1,000 i Borough of Masterton, loan of £4,000, four debentures, Nos. 1 to 4 .. .. 4,000 0 0 4,000 I Borough of Dannevirke, loan of £15,000, one hundred and fifty debentures, Nos. 51 to 200 .. .. .. .. .. .. 15,000 0 0 15,000 i Borough of Dannevirke, loan of £7,500, seventy-five debentures, Nos. 1 to 75 .. 7,500 0 0 7,500 i Borough of Dannevirke, Waterworks Loan No. 4 of £6,000, four debentures, Nos. 1 to 4 .. .. .. .. .. .. 4,000 0 0 4,000 i Borough of Greytown, Town Hall Loan, four debentures, Nos. 1 to 4 ., 2,000 0 0 2,000 < Borough of Levin, loan of £750, fourteen debentures, Nos. 2 to 15 .. .. 720 0 0 720 i Borough of Rangiora, Gasworks Loan, thirty-one debentures, Nos. 1 to 31 .. 8,000 0 0 8,000 i Borough of Hamilton, Streets, Bridge, and Gasworks Loan, eight debentures, Nos. 21 to 28 .. .. .. .. .. .. 4,000 0 0 4,000 i City of Christchurch, Richmond Ward, forty-one debentures, Nos. 1 to 41 .. 1,640 0 0 1,640 i City of Christchurch, loan of £35,000, seventeen debentures, Nos. 312 to 328 .. 850 0 0 850 i City of Wellington, Fire Brigade Loan, ten debentures, Nos. 1 to 10 .. 1,000 0 0 950 I " City of Dunedin Waterworks Act, 1874," loan, seven debentures, Nos. 1032, 1033, 1044, 1074, 1075, 1137, and 1143 .. .. .. .. 600 0 0 639 I City of Dunedin, Waterworks Extension Loan, 1904, four debentures, Nos. 409 to 412 .. .. .. .. .. .. .. 400 0 0 400 i Bluff Harbour Board, loan of £30,000, one hundred and four debentures, Nos. 1 to 95, and Nos. 156 to 164 .. .. .. .. .. 10,400 0 0 10,400 I Mataongaonga Road Board, loan of £2,800, ten debentures, Nos. 13 to 16, and Nos. 22 to 27 .. .. .. .. .. .. 1,000 0 0 1,000 I Waipukurau Town Board Library Board Offices Loan, twelve debentures, Nos. 1 to 12 .. .. ' .. .. .. .. 600 0 0 600 i Mortgages— General Investment Account .. .. .. £1,757,692 17 8 Special Investment Account .. .. 337,697 17 8 2,095,390 15 4 2,095,390 1, £ s. d. 1,224 0 0 800 0 0 1,200 0 0 184,530 0 0 30,000 0 0 3,000 0 0 3,000 0 0 5,000 0 0 2,600 0 0 560 0 0 700 0 0 4,700 0 0 5,000 0 0 5,500 0 0 1,000 0 0 1,700 0 0 8,000 0 0 1,000 0 0 2,500 0 0 1,300 0 0 6,000 0 0 600 0 0 3,500 0 0 8,000 0 0 5,000 0 0 500 0 0 1,000 0 0 4,000 0 0 £ s. d. 1,224 0 0 672 0 0 1,036 0 0 184,530 0 0 30,000 0 0 3,000 0 0 3,000 0 0 5,000 0 0 2,600 0 0 560 0 0 700 0 0 4,700 0 0 5,000 0 0 5,500 0 0 1,000 0 0 1,700 0 0 8,000 0 0 1,000 0 0 2,500 0 0 1,300 0 0 6,000 0 0 600 0 0 3,500 0 0 8,000 0 0 5,000 0 0 500 0 0 1,000 0 0 4,000 0 0 15,000 0 0 7,500 0 0 15,000 0 0 7,500 0 0 4,000 0 0 2,000 0 0 720 0 0 8,000 0 0 4,000 0 0 2,000 0 0 720 0 0 8,000 0 0 4,000 0 0 1,640 0 0 850 0 0 1,000 0 0 4,000 0 0 1,640 0 0 850 0 0 950 0 0 600 0 0 639 0 0 400 0 0 400 0 0 10,400 0 0 10,400 0 0 1,000 0 0 1,000 0 0 600 0 0 600 0 0 2,095,390 15 4 £2,445,014 15 4 2,095,390 15 4 Total .. .. .. .. .. £2,445,014 15 4 2,444,7111 2,444,711 15 4 Total General Investment Account .. .. £1,887,919 17 8 Total Special Investment Account .. .. 556,791 17 8 387,919 17 8 556,791 17 8 £2,444,711 15 4 144,711 15 4 J. W. Poynton, Public Trustee. Public Trust Office, 30th April, 1908. T. D. Kendall, Accountant. Examined and found correct.— J. K. Warbueton, 7th July, 1908. Controller and Auditor-General. Approximate Cost of Paper.— Preparation, not given; printing (2,500 copies), £6 18s. 6d.