PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1918.

Appendix to the Journals of the House of Representatives, 1918 Session I-II, B-09a

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Session 11. 1918. NEW ZEALAND

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1918.

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

The Controller and Auditor-General to the Right Hon. the Minister of Finance. Sir, — Audit Branch, Public Trust Office, Wellington, sth August, 1918. 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 the balance sheet and found it correct. I have, &c, R. J. Collins, Controller and Auditor-General. The Right Hon. the Minister of Finance, Wellington.

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BALANCE-SHEET OF THE PUBLIC TRUST OFFICE FOR THE YEAR ENDED 31st MARCH, 1918.

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Balances on 31st March, 1917. Transactions. Balances on 31st March, 1916. Name of Account. Dr. Cr. Dr. Cr. Dr. Cr. I i £ s. d. i £ s. d. | £ s. d. £ S. d. £ s. d. £ s. d. Wills and Trusts Estates Deceased Soldiers' Estates .. .. .. ■ • • • - - | Soldiers' Agencies .. ■ ■ - • • - • • • • Intestate Estates .. ■ ■ • • • • • • • • Mental Patients' Estates Convicts' Estates Unclaimed Lands .. ■ ■ • • , - ■ Unclaimed Property Relief Funds .. • ■ ■ • • •• • ■ ..... 156,666 0 10 2,437,875 9 4 140 18 2 42,521 8 10 243 13 9 9,071 5 2 27,046 19 6 332,719 4 6 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 1,405,407 16 0 96,204 3 1 28,773 19 9 332,493 11 0 152,361 12 5 1,426,806 19 5 150,265 3 11 35,153 10 7 350,405 0 7 188,444 15 8 200,367 13 8 1,691 0 1 951 13 5 49,215 12 8 5,331 17 10 2,502,976 5 7 98,132 11 7 16,158 15 8 372,799 7 3 255,513 4 11 1,345 12 2 1,696 3 11 2,583 12 6 422 0 5 225 0 7 3,508 17 1 9,069 1 10 1,552 3 11 6,572 7 7 2 0 0 9,471 0 2 3,676 14 1 2.840 6 3 24,585 7 5 Personal 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 .. .. .. .. - - I Education Act, 1908, Section 243 .. .. .. .. .. I Government Railways Superannuation Fund .. .. .. , National Provident Fund 0 6 3! 6,808 13 0 65 15 9 j 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 5,802 2 8 13,931 18 7 28,837 19 10 2,036 4 10 54,188 17 8 50 13 3 7,677 9 4 16,128 15 9 _ 38,523 18 8 1,627 18 0 61,464 10 1 895 15 10 60 14 11 77 15 1 21 0 7 238 7 3 8,744 8 4 30,956 0 2 122,343 3 5 17,969 14 9 58,498 19 6 7,567 8 8 8,963 12 8 5,915 2 11 1,091 6 11 3 17 2 72 14 11 365,401 11 1 360,359 10 3 362,688 11 7 15 9 4 52,318 9 6 171,953 2 9 Post and Telegraph Act, 1908 Public Service Classification and Superannuation Act, 1908, Section 31 .. Teachers' Superannuation Fund Local Authorities' Superannuation Funds — Auckland Harbour Hoard 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 . . . . • ■ Land Assurance Fund Maori Land Boards Fund 741 16 9 5,142 1 8 397,658 12 11 4,i65 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 42 10 8 252 8 7 951 14 8 511 1 5 4,050 13 10 243 18 11 4,874 19 2 45,770 13 7 439,378 12 8 1,351 12 4 2,050 12 6 4,864 13 9 519 3 7 846 8 0 1,237 0 5 8,652 18 3 15,912 13 7 31,581 18 7 106,060 18 5 557,363 12 8 3 11 7 3,326,535 5 5 69,350 15 9 81,893 13 4 2,327 17 3 334 0 2 92,281 17 10 3,091 1 3 220 19 4 11,033 6 6 1,555 17 2 6,410 13 10 405 14 3 6,254 13 3 2,124 9 3 2,767 13 3 1,852 4 11 10,136 19 0 14,614 6 1 9,460 0 11 8,079 18 8 12,421 2 7 17,316 1 5 53,328 19 5 415 17 6 1,964 4 1 46,579 6 7 345,673 19 3 1,350 0 0 11,961 2 1 71,417 8 8 Mining Act Deposits .. . . .. • • ■ • • • • • .. , 1,350 0 0

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Permanent Militia Reward Fund Property Law Act, 1908, Section 75 Public Service Superannuation Board Account .. ... .. 2,151 18 4 0 10 3 2,488 15 6 9,265 10 1 .. 90 0 7 34,868 17 3 310,507 9 6 141 15 10 | 2,293 3 11 4,225 4 11 29,464 11 9 3,307 6 3 11,001 18 8 285,587 7 4 19,605 17 3 I 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 — .. | .. 3,942 17 8 773 2 2 ..I .. 372 11 5 266 1 8 3 7 3 2,141 18 9 12,175 18 1 17 4 1 169,739 3 6,236 3 1 1,036 15 5 0 16 49 8 5 90 5 11 .. 6,627 14 6 425 0 0 .. 955 0 0 6,896 15 9 30,211 15 11 511 16 5 .. 618 8 5 105 9 11 1,976 17 2 1 13 0 25,302 16 5 471 15 6 0 10 6 137 10 9 334 11 9 14,236 3 9 70,767 7 10 50 11 3 1 6 0 0 8 10 441 1 6 4,200 3 2 234,253 9 9 1,087 5 2 49 8 5 I 6,125 14 4 558 0 5 592 6 1 821 19 7 33,280 0 10 152 17 6 4,757 11 5 977 7 4 14,722 12 1 1,932 8 1 27,153 19 3 61 0 10 1,852 15 10 337 10 0 808 15 0 Interest Interest receivable Overdue interest Accrued interest Instalments receivable Overdue instalments ( 13 10 0 (1,328,287 16 7 389,772 11 4 25,314 3 3 111,845 12 9 .. 135,100 8 5 30,158 5 4 4,297 11 6 13 10 0 1,328,287 16 7 389,772 11 4 25,314 3 3 111,845 12 9 30,158 5 4 4,297 11 6 135,100 8 5 Accrued rent General Investments Special Investments Securities Release Suspense Mortgage Securities acquired Mortgage Securities in Possession Office Property — Office premises Furniture and library Plant— 302 19 5 .. 361 13 6 .. 7,322,001 5 11 .. 1,475,653 2 2 24,369 15 6 .. 9,289 12 0 186,061 8 2 6,557 2 1 .. 256 0 11 39 2 6 68 7 1 841 1 2 113,841 9 4 90,194 11 1 .. 4,100 0 0 3,845 4 10 .. 362 0 2 302 19 5 405,314 8 9 623 0 0 186,061 8 2 361 13 6 8,392,339 19 4 33,036 7 6 241 16 9 6,671 6 3 1,047 15 5 4,033 18 2 94,294 11 1 4,207 5 0 109,807 11 2 235 18 10 Mechanical appliances Motor cars, cycles, &c. 1,854 6 0 .. 471 7 6 220 3 6 2,325 13 6 j 220 3 6 Assurance and Reserve Fund Investment Fluctuation Reserve Cash .. .. 162,163 5 11 19,344 12 9 .. j 406,482 2 2 .. j 3,749,527 17 7 32,563 10 3 5,028 18 11 3,989,683 16 11 13,044 3 3 404,649 8 8 166,326 2 10 194,726 16 2 24,373 11 8 Profits invested Profit and Loss 113,726 0 7 .. I .. 51,391 12 11 404,677 6 11 126,770 3 10 51,363 14 8 8,171,034 11 4 8,171,034 11 4 11,008,523 7 10 11,008,523 7 10 9,139,519 19 8 9,139,519 19 8 Examined and found correct. R. J. Collins, Controller and Auditor-General. R. Tbiggs, Public Trustee. M. C. Barkett, Chief Accountant.

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STATEMENT OF ASSETS AND LIABILITIES OF THE PUBLIC TRUST OFFICE ON THE 31st MARCH, 1918. LIABILITIES. ASSETS. Amounts held for sundry estates and funds— £ s. d. £ s. d. Freehold and leasehold premises as office-sites — £ s. d. £ s. d. Will, and trusts estates .. .. .. .. 2,502,976 5 7 Auckland .. .. .. .. .. 21,332 10 1 Deceased soldiers' estates .. .. .. .. 98,132 11 7 Christchurch .. .. .. .. .. 5,595 5 2 Soldiers'agencies .. .. .. .. .. 16,158 15 8 Dunedin .. .. .. .. .. 6,230 15 0 Intestate estates .. .. .. .. .. 372,799 7 3 Greymouth .. .. .. .. .. 1,408 12 3 Mental patients'estates .. .. .. .. 255,513 411 Hawera .. .. .. .. .. .. 1,826 17 0 Convicts' estates .. .. .. .. .. 3,508 17 1 lnvercargill .. .. .. .. .. 3,019 13 2 Unclaimed land and j.roperty .. .. .. 18,540 2 0 Masterton .. .. .. .. .. 2,100 0 0 Sundry statutes (Native) .. .. .. .. 140,312 18 2 Nelson .. .. .. .. .. .. 3,259 19 2 West Coast Settlements and Native Reserves .. .. 89,454 19 8 Wanganui .. .. .. .. .. 4,441 12 2 Superannuation and Civil Service Funds .. .. 816,625 8 7 Wellington .. .. .. .. .. 53,466 10 10 Public Service Superannuation Board's Fund .. .. 29,464 11 9 102,681 14 10 Local Bodies' Superannuation Funds.. .. .. 37,683 12 9 Furniture and plant — National Provident Fund .. .. .. .. 171,953 2 9 Furniture and library .. .. .. .. 4,451 1 6 Sinking funds (Government and local bodies') .. .. 3,326,535 5 5 Mechanical appliances .. .. .. .. 2,351 17 6 Land Settlement Finance Act .. .. .. 69,350 15 9 Motor-cars and cycles .. .. .. .. 322 17 4 Auckland education reserves .. .. .. 1,555 17 2 7,125 16 4 Relief funds .. .. .. .. .. 24,585 7 5 Stocks, bonds, and debentures — Taranaki Scholarships Account .. .. .. 14, 61461 Government securities .. .. .. .. 690,270 9 8 Education Reserves Amendment. Act .. .. 17,316 1 5 Land Settlement Finance Act debentures .. .. 77,194 4 8 Government Fire Insurance Fund .. .. .. 53,328 19 5 Local-body debentures .. .. .. .. 1 ,161 ,100 19 5 Land Assurance Fund .. .. .. .. 46,579 6 7 1,928,565 13 9 Maori Land Boards' Fund .. .. .. .. 345,673 19 3 Mortgages, (feeSpecial loans (mortgagors' balances) .. .. .. 4,200 3 2 Mortgages .. .. .. .. .. 6,493,762 611 War Regulations Act .. .. .. .. 234,253 9 9 Properties acquired by foreclosure .. .. .. 6,571 6 3 Sundry statutes and accounts .. .. .. 51,168 4 2 6,500,333 13 2 8,742,285 13 4 Assurance and Reserve Fund .. .. 194,728 16 2 Advances (on overdraft) to estates and accounts .. .. .. 295,154 11 1 Investment fluctuation reserve .. 24,373 11 8 Interest and rent accrued, due and overdueProfits invested .. .. .. .. 126,770 310 Interest accrued, due and overdue .. .. .. 135,100 8 5 Profit and Loss Account .. .. .. 51,363 14 8 Rent accrued and due .. .. .. .. 361 13 6 397,234 6 4 135,462 1 11 Cash and fixed deposits — Cash in hand on current account and Agents' balances (imprest) .. .. .. .. .. 167,148 2 5 Fixed deposits .. .. .. .. .. 3,048 6 2 170,196 8 7 £9,139,519 19 8 £9,139,519 19 8 Examined and found correct, R. Teiggs, Public Trustee. E. J. Collins, Controller and Auditor-General. M. C. Barnett, Chief Accountant.

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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1918. To Salaries (permanent and temporary)— £ s. d. £ s. d. £ s. dHead Office and Branches .. .. .. .. 67,098 84; By Commission and charges .. .. .. .. .. .. 44,837 16 10 Office Board (non-service members) .. .. .. 250 0 0 Interest, being surplus from investments.. .. .. .. .. 116,310 10 11 Rent from freehold property .. .. .. .. .. .. 1,466 4 7 67,348 8 4 Less contribution by Justice Department to salaries of officers acting as Official Assignees .. .. .. 2,441 8 6 64,906 19 10 War bonus to staff .. .. .. .. .. .. 3,038 13 8 Service charges — Agents' commission .. .. .. .. .. 5,098 8 3 Services of High Commissioner .. .. .. 150 0 0 Services of General Post Office .. .. .. 958 6 6 Services of Bank of New Zealand .. .. .. 44 19 3 6,251 14 0 Audit of books and accounts .. .. .. .. 500 0 0 Maintenance of premises and plant — Repairs and Insurances — Offices .. .. .. .. .. .. 1,147 19 1 Motor cars and cycles .. .. .. .. 262 6 1 Office appliances .. .. .. .. .. 127 2 3 Sundries . . .. .. .. .. .. 193 14 0 Insurance premiums on office premises and furniture .. 128 18 8 1,860 0 1 Rent .. .. .. .. .. .. .. .. 710 0 1 General charges — Advertising .. .. .. .. .. 371 1 5 Cleaning, lighting, and firing .. .. .. .. 882 11 0 Legal expenses .. .. .. .. .. 60 2 1 Miscellaneous payments .. .. .. .. 1,125121 £ s. d. Postages and freight .. .. 2,240 2 2 Le •<;.« refunds .. .. .. 667 15 3 1,572 6 11 Telephone subscriptions .. .. .. .. 243 2 5 Printing, stationery, and requisites .. .. .. 4,994 10 3 Travelling-expenses .. .. .. .. .. 1,722 4 8 Wages of custodian and staff .. .. .. .. 1,833 15 5 12,805 6 9 Depreciation (office premises, furniture, &c.) .. .. .. 3,939 0 0 Balance, being net profit to Appropriation Account .. .. .. 68,602 17 11 £162,614 12 4 £162,614 12 4 R. Triggs, Public Trustee. M. C. Barxett, Chief Accountant.

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PROFIT AND LOSS APPROPRIATION ACCOUNT. To Appropriations as under— £ s. d. £ s. d. £ a d Premises— By Balance brought forward .. .. .. .. .. .. 51,391 12 11 Head Office .. .. .. .. .. 8,027 00* Balance from Profit and Loss Account, being net profit for year {ended Masterton .. 2,100 0 0 31st March, 1918 '.... ' .. 68.602 17 11 Nelson .. .. .. .. .. 84 0 0 Wanganui .. .. .. .. .. 42 1 3 10,253 1 3 FVItKITURE, ETC.— Furniture and library .. .. .. .. 1,527 16 8 Office appliances .. .. .. .. 827 11 6 Motor cars and cycles .. .. .. .. 435 13 10 2,791 2 0 Bonus to estates .. .. .. .. .. .. 27 000 0 0 Investment Fluctuation Account .. .. .. .. 4 195 0 0 Assurance and Reserve Fund .. .. .. ... 24 391 12 11 Balance in hand .. .. .. .. .. gi ogo 1. o £119,994 10 10 £119,994 10 10 R. Trigos, Public Trustee. M. C. Barnett, Chief Accountant. * This amount is subject to an adjustment which could not be properly made during the year ended 31st March, 1918, owing to the condition of the work rendering it impossible to make an allocation on that date as between capital and maintenance. The adjustment will be made in the accounts for the year ending 31st March, 1919. No results are materially affected.

By Authority : Marcus F. Marks, Government Printer, Wellington.— 1918.

Approximate Cost of Paper. — Preparation, not given; printing (2.850 copies), £15.

Price 6d.)