PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1917.

Appendix to the Journals of the House of Representatives, 1917 Session I, B-09a

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1017. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1917.

Laid before the General, Assembly in pursuance of Section 39 of the Public Trust, Office Act, 1908.

The OOhNTBOLLBB and Auditor-General to the Hon. the Minister op Finance. Sir,— Audit Office, 4th July, 1917. 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, 1917.

Balances on 31st March, 191H. Transactions. Balances on 31st March, 1S17. Name of Account. Dr. Or. Dr. Cγ. Dr. Cr. Cr. Dr. Or. Dr. Cγ. Dr. L_ I Wills and trusts estates Intestate estates Mental patients' estates Convicts' estates Unclaimed lands Unclaimed property Relief Funds Aged and Infirm and Destitute Persons Acts Native reserves Native Land Act, 1909, section 185 Miscellaneous Native accounts.. West Coast Settlement Reserves Superannuation Funds — Civil Service Act, 1908 Deferred (Naval) Pay 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 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 Education Reserves.. Bankruptcy Act, 1908 Consolidated Fund Education Act, 1908 (Taranaki Scholarships) Education Reserves Amendment Act Government Fire Insurance Fund Industrial Schools Act, 1908 Land Assurance Fund Maori Land Boards Fund Mining Act deposits Permanent Militia Reward Fund Property Law Act, 1908, section 75 .. ... Public Service Superannuation Board Account .. - i £ s. d. ■ £ s. d. 134,168 7 10 2.177.221 15 9 27,663 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 7,377 8 6 1,843 10 1 45 1 7 26,090 5 0 35 9 11 101,496 2 7 19,623 12 11 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 8 355,203 15 5 2.990 17 7 565 7 5 17,789 18 9 2,597.242 17 4 12,070 8 2 51,573 0 10 1,795 18 8 1.915 2 4 7,787 4 3 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 0 2,055 19 1 3,439 18 8 0 10 0 11 ,811 11 2 ; £ 3. d. £ s. d. 1,182.400 6 6 1,457,505 6 3 350.283 10 8 399,646 10 6 79.568 4 8 91,439 7 5 757 16 0 J 1,721 7 9 564 4 0 746 17 0 985 3 6 2,806 4 8 11.097 15 2 29,142 1 11 3,386 3 9 8.351 0 5 12,241 14 2 i 14,877 18 8 22,241 6 5 i 33,416 17 9 4.582 1 0 3,336 9 8 70.256 19 2 71,795 1 10 12 9 2 894 1 7 2,083 11 6 3.825 7 11 140 1 9 9 15 9 329.362 11 3 342,742 12 7 95 7 3 44.749 11 7 49 11 1 175 17 5 503 18 3 261 1 3 138,473 6 11 180,928 4 5 1,390 19 7 2.565 15 7 714 13 11 1,059 2 6 8,241 4 7 14,773 9 1 80.973 7 1 358,959 9 4 152.237 4 8 360,663 16 9 3,725 13 5 2,722 7 11 367 10 3 417 13 8 4,798 13 4 7.304 8 8 420 8 0 551 4 0 1.514 10 7 1,538 11 9 4,576 3 9 12,031 16 2 54 10 4 138 10 4 1,892 6 11 20,589 5 7 34,074 14 2 0 12 96 0 \5 5,191 2 4 4,239 19 2 430.796 13 2 453,764 8 8 £ s. d. £ s. d. 156,994 13 0 ! 2.475,153 0 8 27.102 19 3 347.034 7 2 3.446 0 10 217,544 4 8 10 17 3 2,281 14 0 268 4 4 10,386 9 1 0 12 0 4,449 8 6 25.421 15 3 0 6 3: 6,808 13 0 65 15 9 28,747 3 8 37 19 10 ! 112,674 3 10 18.378 1 7 323 11 7 : 51,308 11 5 6,722 6 1 4,139 16 8 68 17 9 367.730 12 5 119.650 2 7 741 16 9 5.142 1 8 397.658 12 11 4,165 13 7 909 16 0 24.322 3 3 ; 2,875.228 19 7 13,933 11 3 61,862 16 0 792 13 2 1.965 5 9 10,292 19 7 12,895 11 1 24,008 9 1 48,987 15 6 '.'. 45,031 0 0 286,217 12 8 1,350 0 0 2,151 18 4 2.488 15 6 90 0 7 J 34.868 17 3 ___ !_ I , I ■_ Carried forward .. I I j

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Balance-sheet of the Public Trust Office for the Year ended 31st March, 1917— continued.

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Balances on 81st March, 1916. Transactions. I Balances on 31st March, 1917 Dr. Cr. Name of Account. Dr. Cr. Dr. Cr. Dr. Brought forward Rating Act Shipping and Seamen Act, 1908 Special loans War Regulations Act Wellington and Hutt Road and Railway Improvement Westport and Cardiff Coal Company shareholders Fees, rates, and premiums Imprest Suspense Unauthorized expenditure Valuation fees Bonus to estates War Loan Certificates Purchase Account Interest, instalments, and rents — Interest Interest receivable Overdue interest Accrued interest Instalments receivable Overdue instalments Accrued 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 Totals £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3.807 8 1 225 1 0 360 10 7 223 12 0 348 17 0 497 16 5 2 11 6 1.869 11 6 11.693 19 2 11,965 10 8 3 7 3 73,892 19 10 16,742 15 S 112,571 12 0 17 4 1 993 6 4 . . 43 9 1 49 8 5 370 7 9 .. 56,440 5 6 , 56,720 7 4 90 5 11 1.175 0 0 .. 50 0 0 ' 800 0 0 425 0 0 4 11 6 4,424 12 9 ' 65,634 5 7 68.111 0 1 . ] 127 10 0 .. 513 9 9 129 3 4 511 16 5 200 12 10 \ 2,687 9 0 2.592 6 1 22,939 15 0 22.941 8 0 29 12 0 ■■ 50 1 7 6 1.153.457 4 7 1.153.457 4 7 346,234 5 11 346.234 5 11 26,350 6 0 26,350 6 0 99,517 12 8 .. 111.845 12 9 i 99.517 12 8 111.845 12 9 21.723 11 0 21 .723 11 (I 2.182 16 0 : 2.182 16 0 317 16 3 .. 302 19 5 317 16 3 302 19 5 .. 6.320,221 8 2 ... 1.672.978 10 7 671,198 12 10 7.322.001 5 11 25,112 15 6 .. 2.000 0 0 2.743 0 0 24.369 15 6 266.190 14 3 : 266.190 14 3 6,15) 0 11 .. 1.155 2 8 ! 749 1 6 6.557 2 1 1.404 19 9 1.404 19 9 77 2 4 274 II 11 1,456 17 5 1.288 12 5 3!) 2 6 | 89,966 9 5 .. 2.571 1 8 2.343 0 0 | 90.194 11 1 4.048 15 10 .. 934 16 10 1.138 7 Id 3.845 4 10 1.488 17 6 .. 616 11 0 i 251 2 6 1.854 6 0 435 13 6 .. 8 10 0 ; 224 0 0 220 3 6 177.416 3 2 22.908 7 9 ' 7.655 10 6 15,047 0 0 .. 4.297 12 9 456.184 12 8 .. ; 3.852.246 5 8 ! 3.901.948 16 2 406.482 2 2 109.905 11 5 .. 3.820 9 2 254,804 6 2 ; 306,195 19 1 .. 7,182.723 9 4 | 7,182.723 9 4 10.843.495 3 4 10,843,495 3 4 I 8,171.034 11 4 £ s. d. 3.942 17 8 372 11 5 2,141 18 9 169,739 0 3 1.036 15 5 49 8 5 6.896 15 9 105 9 11 1 13 0 471 15 6 68 7 1 162.163 5 11 19 ; 344 1219 113.726 7 51.391 12 11 8.171.034 11 4 Examined and found correct. R. J. Collins. Controller and Auditor-General. Fred. Fitchett, Public Trustee. W. Bare. Accountant.

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Statement of Assets and Liabilities of the Public Trust Office on the 31st March, 1917. Liabilities. Assets. Amounts held for sundry estates and funds,— £ s. d. £ s. d. Freehold and leasehold premises as office-sites,— £ s. d. £ s. d. WiDs and trusts estates .. .. .. .. 2,475,153 0 8 Auckland .. .. .. .. .. .. 21,832 10 1 Intestate estates .. .. .. .. .. 347,034 7 2 Christchurch .. .. .. .. .. 5,773 5 2 Mental patients'estates .. .. .. .. 217,544 4 8 Dunedin .. .. .. .. .. .. 6,398 15 0 Convicts' estates .. .. .. .. .. 2,281 14 0 Greymouth .. .. .. .. .. 1,448 12 3 Unclaimed land and property .. .. .. 14,835 17 7 Hawera .. .. .. .. .. .. 1,872 17 0 Sundry statutes (Native) .. .. ... .. 131,052 5 5 Invercargill .. .. .. .. .. 3,103 13 2 West Coast Settlements and Native Reserves .. .. 80,055 15 1 Nelson .. .. .. .. .. .. 3,263 19 2 Superannuation and Civil Service Funds .. .. 782,204 4 3 Wanganui.. .. .. .. .. .. 4,502 10 11 Public Service Superannuation Board's Funds.. .. 34,868 17 3 Wellington .. .. .. .. .. 41J998 8 4 Local Bodies' Superannuation Funds .. .. .. 29,397 12 10 90,194 11 1 National Provident Fund .. .. .. .. 119,650 2 7 Furniture and plant,— Sinking funds (Government and local bodies) .. .. 2,875,228 19 7 Furniture and library .. .. .. .. 3,845 410 Land Settlement Finance Act .. .. .. 61,862 16 0 Mechanical appliances .. .. .. .. 1,854 6 0 Auckland education reserves .. .. .. .. 792 13 2 Motor cars and cycles .. .. .. .. 220 3 6 Relief Funds .. .. .. .. .. 25,421 15 3 - 5,919 14 4 Taranaki Scholarships Account .. .. .. 12,895 11 1 Stocks, bonds, and debentures,— Education Reserves Amendment Act .. .. .. 24,008 9 1 Government securities .. .. .. .. 431,833 14 9 Government Fire Insurance Fund .. .. .. 48,987 15 6 Land Settlement Finance Act debentures .. .. 76,249 0 0 Land Assurance Fund .. .. .. .. 45,031 0 0 Local bodies'debentures .. .. .. .. 919,395 19 5 Maori Land Boards Fund .. .. .. .. 286,217 12 8 . 1,427,478 14 2 Special loans (mortgagors' balances) .. .. .. 2,141 18 9 Mortgages, &c,— War Regulations Act .. .. .. .. 169,739 0 3 Mortgages.. .. .. .. .. .. 5,918,250 6 9 Sundry statutes and accounts .. .. .. 38,093 6 4 Properties acquired by foreclosure .. .. .. 6.557 2 1 7,824,408 19 2 1 5,924,807 8 10 Assurance and Reserve Fund .. .. .. .. 162,163 511 Advances (on overdraft) to estates and accounts .. .. .. .. 202,936 8 1 Investment fluctuation reserve .. .. .. .. 19,344 12 9 Interest and rent accrued, due and overdue,— Profits invested .. .. ~ .. ... 113,726 0 7 Interest accrued, duo and overdue .. .. .. 111,845 12 9 Profit and Loss Account.. .. .. ~ .. 51.391 12 11 Rent accrued and due .. .. .. .. 302 19 5 346,625 12 2 112,148 12 2 Cash and fixed deposits,— Cash in hand on current account and Agents' balances (imprest) .. .. .... .. 406,907 2 2 Fixed deposits .. .. .. .. .. 642 0 6 407,549 2 8 £8,171,034 11 4 £8,171,034 11 4 Feed. Fitchett. Public Trustee. W. Baer, Accountant.

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Profit and Loss Account for the Year ended 31st March, 1917. Dr. Cr. £ s. d To Salaries,— £s.d.£s. d. By Commission and charges .. .. .. .. .. .. 45,727 0 4 Head Office.. .. .. .. .. .. 25,791 13 5 Interest, being surplus from investments .. .. .. .. .. 81,492 810 Branch offices .. .. .. .. .. 16,198 17 5 Rent from freehold property .. .. .. .. .. .. 1,789 10 0 Office Board (non-Service members) .. .. .. 500 0 0 42,490 10 10 Less contribution by Justice Department to salaries of officers acting as Official Assignees .. .. .. 695 0 0 41,795 10 10 War bonus to staff .. .. .. .. .. .. .. 2,056 5 7 Service charges,— Clerical assistance .. .. .. .. .. 4,561 2 3 Agents'commission .. .. .. .. .. 4,164 16 0 Services of High Commissioner's Office .. .. .. 150 0 0 Services of General Post Office .. .. .. 1,008 13 5 Services of Bank of New Zealand .. .. .. 45 1 6 9,929 13 2 Audit of books and accounts .. .. .. .. .. .. 653 3 4 Maintenance of premises and plant,— Repairs and insurances— Offices .. .. .. .. .. . . 373 13 0 Motors and cycles .. .. .. .. .. 383 810 Office appliances .. .. .. .. .. 78 11 6 Sundries .. .. .. .. .. .. 174 7 6 Insurance premiums on office premises and furniture .. 103 0 8 1.113 1 6 Rent ................ 509 15 4 General charges,— Advertising .. .. .. .. .. 234 11 6 Cleaning, lighting, firing, &c. .. .. .. .. 809 0 2 Legal expenses .. .. .. .. .. 173 9 6 Miscellaneous payments .. .. .. .. 639 3 3. £ s. d. Postages and freight.. .. .. 2,167 15 1 Less refunds .. .. .. 740 0 10 1,427 14 3 Printing, stationery, and requisites .. .. .. 3,679 17 10 Travelling-expenses .. .. .. .. .. 1. 726 19 1 Wages of Custodian and staff .. .. .. .. 1,752 11 9 10,443 7 4 Depreciation (office premises, furniture, &c.) .. .. .. 3,646 0 0 Balance, being net profit for year, to Appropriation Account .. .. 58,862 2 1 £129,008 19 2 £129,008 19 2

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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. Christchurch .. .. .. .. .. 2,000 0 0 31st March, 1917 .. .. .. .. .. .. .. 58 862 2 1 Dunedin .. .. .. .. .. .. 542 10 0 Nelson .. .. .. .. .. .. 28 11 8 2,571 1 8 Furniture, &c.,— Furniture and law library .. .. .. .. 625 9 0 Office appliances .. .. .. .. .. 615 8 6 Motors and cycles .. .. .. .. .. 810 0 1,249 7 6 Investment Fluctuation Account .. .. .. .. 3,650 0 0 Balance in hand .. .. .. .. .. .. -• 51,39112 11 £58,862 2 1 £58,862 2 1

By Authority: Marcus F., Marks, Government Printer, Wellington.— 1917.

Approximate Cost of Paper.— Preparation, not given ; printing (1,750 copies), £8.

Price 6d.]