PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1916.

Appendix to the Journals of the House of Representatives, 1916 Session I, B-09a

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1916. NEW ZEALAND

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1916.

Laid before the General Assembly in pursuance of Section 89 of the Public Trust Office Act, 1908.

The Controller and Auditor-General to the Hon. the Minister of Finance. Sir,— Audit Office, 28th June, 1916. «* I have the honour, in accordance with the provisions of section 39 of the Public Trust Office Act, 1908, 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 balancesheet and found it correct. I have, &c, Robert J. Collins, Controller and Auditor-General. The Hon. the Minister of Finance, Wellington.

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Balance-sheet of the Public Trust Office for the Year ended 31st March, 1916.

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Name of Account. 1 Balances on 31st March, 1915. Transactions. Dr. Cr. Dr. Cr. Balances on 31st March, 1916. Dr. Cr. i I Wills and trusts estates Intestate estates .. .. .. .. ... Mental patients' estates Convicts' estates Unclaimed lands Unclaimed property Native reserves Native Land Act, 1909, section 185 .Miscellaneous Native accounts.. We-t ('oast Settlement Reserves .. .. .. •• Superannuation Funds — Civil Service Act, 1908 Deferred Pav (Naval) Account Education Act, 1908, section 243 Government Railways Superannuation Fund National Provident Fund .. .. .. .. Post 'and Telegraph Act, 1908 Public Service Classification and Superannuation Act, 1908, section 31 Public Service Superannuation Fund Teachers' Superannuation Fund Local Authorities' Superannuation Funds — Auckland Harbour Board Superannuation Fund Buller County Council Superannuation Fund Wellington Harbour Board Superannuation Fund Sinking funds Land Settlement Finance Act. 1909 Auckland Hospital reserves Bankruptcy Act, 1908 Coal-miners' Relief Fund Consolidated Fund .. .. .. .. .. Destitute Persons Act, 1910 .. .. .. Education Act, 1908 (Taranaki Scholarships) .. Education Reserves Amendment Act .. .. .. Gold-miners' Relief Fund Government Fire Insurance Fund Industrial Schools Act, 1908 .. 'j Land Assurance Fund Maori Land Boards Fund Mining Act deposits Permanent Militia Reward Fund Property Law Act, 1908, section 75 Public Service Superannuation Fund Suspense Account Public Service Superannuation Board Account Public Service Superannuation Board Fees Account Rating Act Shipping and Seamen Act. 1908 Special loans ■• £ s. d. £ s. d. £ s. d. £ s. d. 106,286 19 2 1,888,377 19 11 938.310 15 11 1,199.273 3 1 21.504 10 2 261.766 3 11 256,873 8 8 287,180 3 0 1.272 15 0 1S3.773 4 0 65,840 8 8 85.567 0 9 116 12 3 2,013 19 2 962 5 3 372 3 4 258 17 2 12,261 7 2 2.867 14 6 800 10 3 0 12 0 2,067 18 4 ; 997 10 8 1,557 19 8 22 0 10 24,466 1 6 12.887 14 0 14,488 16 9 9 9 5 95,628 19 10 ; 27.795 4 6 33.636 6 9 18,544 7 11 4.803 10 2 5.S82 15 2 1,080 9 6 63.418 14 11 72.352 16 1 59.461 7 10 5,174 1 9 132 12 1 799 4 0 787 2 0 1,933 5 9 3.544 4 0 19(1 12 9 >.. 8 11 0 336.780 3 11 318.617 6 8 336,187 13 10 40.266 0 1 0 4 11 28,730 3 1 476 19 2 51 2 5 189 13 8 6,097 14 2 943 2 6 i 230 7 0 717,218 7 11 769,718 17 6 ' 52.500 9 7 315.887 5 6 164,093 18 7 203,410 8 6 1,783 17 3 1,333 4 7 2.540 4 11 3(io 10 6 857 19 7 1.062 16 6 11.750 4 11 6.840 18 2 12.880 12 0 2,508.574 5 6 184.826 13 3 273,495 5 1 9,965 3 10 45.U88 0 8 98.642 7 7 103,022 3 5 887 5 0 1.551 13 10 2,460 7 6 2.039 15 10 662 14 10 538 1 4 6,583 5 3 1,576 10 10 2,370 U 1 8.979 7 5 6.128 5 0 4,936 I 10 2.292 4 1 2,191 4 3 1,742 10 3 12,022 13 4 366 8 3 1,108 10 0 I 21,408 7 5 2.261 14 2 4,837 14 8 j 163 0 4 4,341 17 7 4,178 17 3 i 30,933 7 II 640 0 0 11.238 15 2 j 64 17 9 14 2 11 3 15 6 38.340 2 6 91 6 7 5.028 7 6 j 185.134 5 6 4,551 10 3 92,149 8 10 1.375 0 0 25 0 0 1.937 12 5 0 0 8 118 7 4 3,883 14 5 4,771 16 8 4,328 0 11 769,634 12 10 : 769,695 16 9 11,900 0 0 23,650 7 3 2 12 0 2 2 0 3.008 19 10 1,011 9 6 1,209 17 9 402 15 6 500 12 4 321 8 10 2.729 9 9 10,691 5 10 j 9,828 16 1 £ s. d. £ s. d. 134.168 7 10 | 2,177,221 15 9 27.603 17 10 298.232 5 11 809 4 10 203.036 5 11 233 18 5 1,541 3 5 266 1 1 10,201 12 10 6 3 0 2,633 18 4 45 1 7 26,090 5 0 35 9 11 101.496 2 7 19.623 12 li 2,222 1 2 51.668 18 4 5,840 13 8 2,398 0 3 199 3 9 354.350 11 1 74.995 18 3 615 10 5 5,384 18 8 3.55.203 15 5 2,990 17 7 565 7 5 17.789 18 9 1 2,597.242 17 4 12,070 8 2 51.573 0 10 1,795 18 8 1,915 2 4 7,377 8 6 7,787 4 3 1.843 10 1 12.764 15 1 23.984 7 11 41.532 3 1 .54 10 4 43,277 3 5 272,732 4 1 1,350 0 O 2,055 19 1 3,439 18 8 61 3 11 11.750 7 3 II 111 0 3.807 8 1 223 12 0 2 11 6 1.860 11 6 Carried forward .. 140,517 9 4 6.871.540 7 0 j 3,754,698 0 4 3,646,570 10 0 ] 177, .laS 15 4 177,523 15 4 6,800,519 2 8 6,SOU, 519 2 8 i I ! i 1

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Balance-sheet of the Public Trust Office for the Year ended 31st March, 1916,— continued.

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Name of Account. .'Salances on 31st March. 1915. Transactions. Dr. Cr. Dr. Cr. Balances ou 31st March, 1916. Dr. Cr. ' ! I Brought forward War Regulations Act.. .. .. .. Wellington and Hutt Road and Railway Improvement Westport and Cardiff Goal Companv shareholders Workers' Dwellings Act, 1910 .. Belgian Relief Fund Public Service War Relief Fund Fees, rates, and premiums Imprest Suspense Unauthorized expenditure Valuation fees Interest, instalments, and rents — Interest — Interest Interest receivable Overdue interest.. Accrued interest Instalments — Instalments receivable Overdue instalments RentAccrued rent General investments Special investments .. .. Securities release suspense Mortgage securities acquired Mortgage realization Mortgage securities in possession Office premises, furniture, and plant — Office premises Furniture and library PlantMechanical appliances Motor cars and cycles, &c. Assurance and Reserve Fund Investment fluctuation reserve Cash Profits invested Profit and loss £ s. d. ! £ s. d. £ s. d. £ s. d. 140.517 9 4 6.871.540 7 0 3.754. 598 0 4 3.646.570 10 0 46,764 13 11 4,224 10 8 31.352 16 7 781 0 6 212 5 10 49 8 5 31 7 lo 10,795 18 2 12.275 11 0 1,511 0 8 58 4 9 58 4 9 76 6 9 76 0 9 113 8 5 .. 9,403 1 9 ' 9,146 2 5 1,855 0 0 .. 250 0 0 950 0 0 .. 1.594 17 1 70,932 17 2 73.758 1 4 485 6 8 . . 129 2 3 486 18 11 571 15 4 2,553 13 6 2.182 II 0 1,166,754 5 5 1,166,754 5 5 322.676 2 2 322,676 2 2 18,707 0 10 18,707 0 10 85,823 10 7 .. 185,341 3 3 171,647 1 2 16,161 10 1 16,161 lo I 1.571 11 5 1.571 11 5 173 1 5 .. 317 16 3 173 I 5 .. 6,306,871 17 7 .. 1,652.415 4 1 1.039.065 13 6 108.092 13 0 .. 11.750 0 0 94,729 17 6 255.682 0 2 255.682 0 2 0.143 13 5 .. 283 10 2 270 8 8 194 10 (i .. 29 9 9 224 6 3 3 5 4 104 13 5 530 16 7 626 18 1 82,677 12 5 .. 9.017 17 0 2.329 0 0 4,168 2 4 .. 650 9 0 769 10 0 1.239 0 6 .. 439 17 0 19tl 0 0 .508 5 9 .. 172 7 9 245 0 0 139,721 8 8 .. 37,694 14 6 11,439 8 10 .. 3,607 11 2 443.497 10 5 .. 3,809,044 18 6. 3.796,358 2 3 99.052 10 2 .. 10.852 15 3 253.003 5 9 253.003 5 9 7,182.416 7 6 7,182,416 7 6 ill.559. 050 19 10 11,559,650 19 In l £ s. d. £ s. d. 177,523 15 4 6,800,519 2 8 73,892 19 10 993 0 4 49 8 5 370 7 9 .'. 1,175 0 0 4 II 6 4,424 12 9 127 10 0 I 200 12 10 99,517 12 8 317 16 3 6,320,221 8 2 25,112 15 6 6,151 0 11 '.'. 77 2 4 274 11 11 89,966 9 5 4.048 15 10 1,488 17 6 435 13 6 177.41(5 ,3 2 15,047 0 0 450. (84 12 8 109.905 11 5 7,182,723 9 4 7.182,723 9 4 7,182,416 7 6 ill.559. 650 19 10 11,559,650 19 10 7,182,723 9 4 7,182,723 9 4 Examined and found correct. R. J. Collins, Controller and Auditor-General. Frkd. Fitchett, Public Trustee. W. Bark, Accountant.

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Statement op Assets and Liabilities of the Public Trust Office on the 31st Mabch, 1916. Liabilities. • Assets. Amounts held for sundry estates and funds,— £ s. d. £ 8. d. i Freehold and leasehold premises as office-sites,— £ s. d. £ s. d. Wills and trusts estates .. .. .. .. 2,177,221 15 9 Auckland .. .. .. .. .. .. 22,332 10 1 Intestate estates .. .. .. .. .. 298,232 511 Christchurch .. .. .. .. .. 3,951 5 2 Mental patients'estates .. .. .. .. 203,036 511 Dunedin .. .. .. .. 6,024 5 0 Convicts' estates .. .. .. .. 1,541 3 5 Greymouth .. .. .. 1,488 12 3 Unclaimed land and property .. .. .. 12,835 11 2 Hawera .. .. .. .. .. .. 1,918 17 0 Sundry statutes (Native) .. .. .. .. 121,119 15 6 Invercargill .. .. .. -. .. 3,187 13 2 West Coast Settlements and Native reserves .. .. 77,759 3 4 Nelson .. .. .. .. .. .. 3,321 7 6 Superannuation and Civil Service Funds .. .. 723,992 13 3 Wanganui.. .. .. .. .. 4,604 10 11 Public Service Superannuation Board's Funds. . .. 11,811 11 2 Wellington .. .. .- .. .. 43,137 8 4 Local Bodies' Superannuation Funds .. .. .. 21,346 3 9 89,966 9 5 National Provident Fund .. .. .. .. 74,995 18 3 Furniture and plant,— Sinking funds (Government and local bodies) .. .. 2,597,242 17 4 Furniture and library .. .. .. .. 4,048 15 10 Land Settlement Finance Act .. .. .. 51,573 010 Mechanical appliances .. .. .. .. 1,488 17 6 Auckland education reserves .. .. .. 1,795 18 8 Motor cars and cycles .. .. .. .. 435 13 6 Coal-miners' Relief Fund .. .. .. 7,377 86 — 5,973 610 Taranaki Scholarships Account .. .. .. 12,764 15 1 : Stocks, bonds, and debentures,— Education Reserves Amendment Act .. .. .. 23,984 711 Government securities .. .. .. .. 233,030 0 0 Government Fire Insurance Fund .. .. .. 41,532 3 1 Land Settlement Finance Act debentures .. .. 76,249 0 0 Land Assurance Fund .. .. .. .. 43,277 3 5 Local bodies'debentures .. .. .. .. 609,149 9 5 Maori Land Boards Fund .. .. .. .. 272,732 4 1 918,428 9 5 Special loans (mortgagors' balances) .. .. .. 1,869 11 6 Mortgages, &c,— War Regulations Act .. .. .. .. 73,892 19 10 Mortgages.. .. .. .. .. .. 5,423,468 10 2 Sundry statutes and accounts .. .. 28,419 17 1 Properties acquired by foreclosure .. .. .. 6.151 011 6,880,354 14 9 5,429,619 11 1 Assurance and Reserve Fund .. .. .. .. 177,416 3 2 Advances (on overdraft) to estates and accounts .. .. .. .. 178,103 611 Investment fluctuation reserve .. .. .. .. 15,047 0 0 Interest and rent accrued, due and overdue,— Profits invested .. .. .. .. .. 109,905 11 5 Interest accrued, due and overdue .. .. .. 99,517 12 8 302,368 14 7 Rent accrued and due .. .. .. .. 317 16 3 99,835 8 11 Cash and fixed deposits,— Cash in hand on current account and Agents' balances (imprest) .. .. .. .. .. 457,359 12 8 Fixed deposits .. ... .. .. 3,437 4 1 460,796 16 9 £7,182,723 9 4 £7,182,723 9 4 Fbed. Fitchett. Public Trustee. W. Barb, Accountant.

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Profit and Loss Account for the Year ended 31st March, 1916. Dr. j Cr. £ s. il. o Salaries,— £s.d.£s. d. By Commission and charges .. .. .. .. •• •• 36,942 13 9 Head Office.. .. .. .. .. .. 23,706 4 5 Interest, being surplus from investments .. .. .. .. -■ 65,448 9 4 Branch offices .. .. .. .. .. 15,049 310 Rent from freehold property .. .. .. •• -• •• 1,371 17 5 I (nice Board (non-Service members) .. .. .. 479 3 4 39,234 11 7 Less contribution by Justice Department to salaries of officers acting as Official Assignees .. .. .. 1,945 14 5 —— 37.288J17 2 Service charges,— Clerical assistance .. .. .. .. .. 1,208 17 1 Agents' commission .. .. .. .. .. 3,837 111 Services of High Commissioner's Office .. .. .. 150 0 0 Services of General Post Office .. .. .. 716 12 5 Services of Bank of New Zealand .. .. .. 33 1 4 5,945 1 9 Audit of books and accounts .. .. .. .. .. .. 854 10 0 Maintenance of premises and plant,— Repairs and insurances— Offices .. .. .. .. .. .. 304 15 1 Motors and cycles .. .. .. .. .. 369 19 6 Office appliances .. .. .. .. .. 45 5 6 Sundries .. .. .. .. .. .. 102 2 1 822 2 2 Rent .. .. .. .. .. .. .. .. 409 6JL§ General charges,— Advertising .. .. .. .. .. 269 10 3 Cleaning, lighting, firing, &c. .. .. .. .. 631 4 11 Legal expenses .. .. .. .. .. 148 5 3 Miscellaneous payments .. .. .. .. 866 19 6 £ s. d. Postages and freight.. .. .. 1,443 14 0 Less refunds .. .. .. 375 1 1 1,068 12 11 Printing, stationery, and requisites .. .. .. 2,946 18 3 Travelling-expenses .. .. .. .. .. 1,432 19 2 Wag?s of Custodian and staff .. .. .. 1,463 8 7 8,827 18 10 Depreciation (office premises, furniture, &o.) ... .. .. .. 3,506 0 0 Balance, being net profit for year, to Appropriation Account .. .. 46,108 12 11 £103,763 0 6 £103,763 0 6

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Profit and Loss : Appropriation Account. To Appropriations as under :— New premises,— £ s. d. £ s. d. By Balance from Profit and Loss Account, being net profit for year ended £ s. d. Dunedin .. .. .. .. 6,179 .5 0 31st March. 1916 .. .. .. .. .. .. .. 46,108 12 11 luvercarsill .. .. .. .. .. 32 + 6 Nelson .. .. .. .. .. ' '.. 3,406 7 6 9,617 17 0 Furniture, &c.,— Furniture .. .. .. . . .. .. 47+ 7 3 Office appliances .. .. .. .. .. +39 17 0 Motors and cycles .. .. .. .. .. I+7 7 9 Law library .. .. .. .. 173 6 3 1,23+ 18 3 Investment Fluctuation Account .. .. .. .. ■ . 3, 150 0 0 Assurance and Reserve Fund .. .. .. .. .. 32,105 17 8 £46.108 12 11 £46,108 12 11

By Authority : Marcus F. Marks. Government Printer. Wellington.— 1916. Price 6d.f

Approximate Cost of Paper.— Preparation, not given, printing (3,-250 copies), £10.