PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1920.

Appendix to the Journals of the House of Representatives, 1920 Session I, B-09a

B.—9a

1920. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1920.

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

The Contkolleu and Auditok-General to the Right Hon. the Minister, of Finance. Sir,— Audit Branch, Public Trust Office, Wellington, 14th July, 1920. I have the honour, in accordance with tho 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, Robekt J. Collins, Controller and Auditor-General. The Right Hon. the Minister of Finance, Wellington.

B.— 9a.

BALANCE-SHEET OF THE PUBLIC TRUST OFFICE FOR THE YEAR ENDED 31st MARCH, 1920.

2

Balances on 31st March, 1919. Transactions. Balances on 31st M arch, 1920. Name of Account. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. W_ ! I l {__ I I Wills and Trusts Estates .. .. .. .. .. .. ] Deceased Soldiers' Estates .. .. Soldiers' Agencies .. .. .. .. .. .. Intestate Estates .. .. .. .. .. Mental Patients' Estates Convicts' Estates Unclaimed Lands .. .. .. ... Unclaimed Property .. .. .. .. Relief Funds Personal Acts .. .. . . .. .. .. Native Reserves .. .. .. .. .. Native Land Act, 1909, Section 185 Miscellaneous Native Accounts .. .. .. .. West Coast Settlement Reserves .. .. .. .. Superannuation Funds — £ s. d. £ s. d. £ s. d. £ s. d. 226,147 11 11 2,591,042 14 11 3,355,458 16 7 3,843,891 4 1 2,558 12 0 262,371 10 6 555,981 9 1 426,350 17 2 300 16 7 41,274 11 10 57,239 3 8 19,963 3 0 51,742 18 11 457,259 14 8 858,10119 10 949,06117 9 2,762 7 6 276,253 7 1 336,183 15 8 359,951 5 1 22 5 8 1,431 17 6 2,980 17 8 4.640 9 0 101 5 1 8,691 11 8 380 6 10 662 13 1 5 6 0 9,76S 1 3 6,858 16 0 7,648 2 9 23,701 1 0 3,750 5 5 2,887 12 3 123 2 3 16,551 15 1 12,569 14 11 17,909 17 8 124 6 8 34,216 9 8 39,164 16 8 48,925 4 7 32 6 9 125,790 9 4 42,039 3 3 41,017 0 4 14,427 17 1 2,834 13 8 1.411 7 3 220 8 10 66,885 11 5 136,905 11 11 150,758 1 11 £ s. d. £ s. d. 300,252 19 10 3,153,580 10 4 1,995 15 0 132.178 1 7 86 8 8 3,784 3 3 46,997 1 0 543.473 14 8 2,725 1 1 299,983 10 1 28 4 3 3,097 7 5 52 7 2 8,925 0 0 1 3 0 10,553 5 0 1,411 11 11 24,249 19 9 54 14 3 21,823 9 10 67 0 7 43,919 11 6 50 11 11 124,786 11 7 2 15 1 13,007 5 9 310 7 11 80,828 0 6 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 .. Local Authorities' Superannuation Funds — Westport Harbour Board .. .. .. •'."."' .. Auckland Harbour Board Buller County Council Wellington Harbour Board 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 .. .. .. .... Mining Act Deposits .. .. .. .. .. .. .. ■ Permanent Militia Reward Fund Property Law Act, 1908, Section 75 7,840 3 5 1,402 1 3 j 1.021 18 11 690 11 9 325 15 3 169 6 1 79 10 2 .. 3 2 8 351,999 6 2 153.617 4 5 196,573 13 0 243,016 0 0 493 12 5 88,062 15 10 1,201 1 5 143 5 6 348 1 9 4,958 14 10 112 9 0 230 18 0 522 0 1 40 9 4 649 1 9 6,456 15 4 139 19 4 1.344 9 9 1,552 5 2 206 5 9 366 13 0 38,692 2 6 1,250 2 2 10,480 13 9 61 0 0 3,990,912 5 10 86,036 3 11 1.076.946 2 11 15,615 13 0 91,768 11 9 79,255 16 1 116,576 17 10 808 0 11 3,313 2 0 4,343 15 0 . .. 1,820 3 0 450 7 1 463 5 0 10,300 9 3 4,911 17 3 7,191 16 3 15,271 19 6 420 12 6 1,238 1 4 16,378 2 6 215 17 10 1,241 14 11 65,008 2 3 15,935 19 2 12,823 1 2 48,417 6 5 3 7 3 1,899 7 0 385,270 1 3 14,906 S 4 115,058 6 7 1,350 0 0 2,403 1 8 1,050 0 0 162 3 11 6,491 3 5 6,129 14 11 6,627 13 0 7,460 1 1 534 2 7 82 12 10 394,955 14 9 330,585 3 5 1.405 17 8 5,077 3 10 1,124 12 6 7,661 5 9 1,712 12 5 47.922 14 1 143 8 8 4,981,904 13 6 234 3 6 113.708 4 0 1,838 13 11 1,833 0 11 12,580 8 3 16,089 8 4 17,403 19 7 61,895 4 3 50.313 6 2 485,421 19 6 1,350 0 0 1,515 5 7 6.989 1 6

B.—9a.

3

Public Service Superannuation Board Account Teachers* Superannuation Fund Account Rating Act Shipping and Seamen Act, 190S War Regulations Act Wellington and Hutt Road and Railway Improvement Westport and Cardiff Coal Company Shareholders Deposit under Section 5, Public Works Amendment Act, 190S Sundry Accounts Imprest Suspense Branch Adjustment Account Land-tax Deposit Account Income-tax Deposit Account Unauthorized Expenditure .. .. .. Bonus to Estates War-loan Certificates Purchase Account Accrued Rent Interest, Instalments, and Rents — Interest .. Interest receivable Overdue Interest Accrued Interest Instalments receivable Overdue Instalments General Investments Special Investments Mortgage Securities acquired Mortgage Securities in Possession Office Property — Office Premises Furniture and Library Stationery Plant— i 35,630 13 4 0 10 10 2 2 7 1,135 0 0 1 5 0 101 18 10 661 8 10 164 8 5 153,582 2 6 9,294,366 1 7 37,136 7 6 8,726 10 3 123,180 11 5 7,926 13 3 2,307 5 9 42,314 9 6 413,358 13 3 ' 438,034 16 10 1 14,578 11 0 1,719 9 11 95,293 2 11 96,181 8 8 13,941 14 10 2,547 8 3 377 12 9 751 17 4 910 10 4 924 12 4 834 14 5 266,659 17 11 31,632 12 3 | 47,471 11 10 416 4 7 . 1,130 13 10 .. 44 6 10 49 8 5 46 5 3 5,525 8 1 24,984 9 5 . 29,983 8 11 1,947 12 10 1,810 0 0 2,922 3 9 22 16 3 9,400 10 11 58,321 4 0 53,910 19 3 3 4 6 59,991 3 3 121,530 18 9 , 01,55.3 8 1 1,500 0 0 226 14 10 1,375 4 0 5,033 9 4 734 5 7 4,960 12 7 996 5 0 : 1,160 13 5 4,500 5 4 30,467 17 7 33,617 14 5 245 18 0 1,042 19 0 797 1 0 332 18 11 .. 332 18 11 [ ■ ■ ■ i ■ 1,772,349 12 8 [1,772,349 12 8 511,019 14 8 511,019 14 8 54,871 16 0 54,871 16 0 179,278 9 3 : 154,744 12 2 178,115 19 7 43,256 19 9 43,256 19 9 7,902 8 11 7,902 8 11 2,492,651 4 4 741,759 8 6 11,045,257 17 5 2,850 6 0 ! 3,900 0 0 37,086 13 6 1,595 15 11 3,014 12 3 7,547 0 8 216 12 0 472 12 1 561 19 5 8 3 9 31,366 0 8 3,276 13 10 : 151,269 18 3 5,802 18 8 2.102 12 7 11,626 19 4 7,162 13 10 2.307 5 9 i 7,162 13 10 45,938 10 9 16,549 10 6 2,921 12 10 820 12 5 282,914 11 3 1,175 0 8 49 8 5 46 5 3 12,469 17 10 4,992 5 8 15 12 7 7,650 2 2 1,000 0 0 239 6 9 314 3 1 Mechanical Appliances Motor Cars, Cycles, &c. Assurance and Reserve Fund Investment Fluctuation Reserve Reserve for Interest (Enemy Moneys) Deferred Expenditure Business Expansion Cash Post Office Profits invested Profit and Loss .. .. Unexpired Insurance Premiums, &c. .. ... 2,988 15 0 772 5 7 2,893 2 7 93,438 2 1 193 17 0 4,849 9 9 1,983 7 0 5,854 17 9 2,474 18 9 818 0 0 2,429 4 4 201,733 11 3 | 87,092 6 10 63,022 6 4 30,072 17 8 .. 6,822 8 2 30,500 0 0 0 15 0 639 7 0 2,254 10 7 2,512 16 8 508 4 5 2,004 12 3 ... 6,739,558 19 11 6,764,463 9 2 68,533 12 10 802,375 14 0 812,611 5 5 161,570 5 3 .. 42,510 14 5 53,564 2 0 612,201 17 6 617,899 15 5 145 8 0 I 193 17 0 145 8 0 177,663.10 9 36,895 5 10 30,500 0 0 10,235 11 5 204,080 19 8 59,261 19 11 10,065,027 3 6 mncccno- o c inaonmc ,c - 1 n nan o, c , i; T iiai, onn z. i i 10,065,027 3 6 19,930,215 16 7 19,930,215 16 7 11,911,290 5 5 11,911,290 5 5 I I I Public Trust Office, Wellington, 1st June, 1920. Robert Triggs, Public Trustee. P. Verschaffelt, F.I.A.N.Z., Chief Accountant.

8..—9 a

4

STATEMENT OF ASSETS AND LIABILITIES OF THE PUBLIC TRUST OFFICE ON THE 31st MARCH, 1920. LIABILITIES. ASSETS. £ s. d. £ s. d. Amounts held for sundry estates and funds— £ s. d. £ g. d. Freehold and leasehold premises as office-sites .. .. .. 151,269 18 3 Wills and trusts estates .. .. .. .. 3,153,580 10 4 Deceased soldiers' estates .. .. .. .. 132,178 1 7 Soldiers'agencies 3,784 3 3 Furniture and plantIntestate estates 543,473 14 8 Furniture and library 11,626 19 4 Mental patients'estates 299,983 10 1 Mechanical appliances 5,854 17 9 Convicts' estates 3,097 7 5 Motor cars and cycles 2,429 4 4 Unclaimed land and property .. .. .. 19,478 5 0 Stationery .. .. .. .. .. 7,162 13 10 Sundry statutes (Native) .. .. .. .. 137,793 17 4 27,073 15 3 West Coast Settlements and Native Reserves .. .. 124,747 12 0 Superannuation and Civil Service Funds .. .. 409,515 12 9 Stocks, bonds, and debenturesPublic Service Superannuation Board's Fund .. .. 45,938 10 9 Government securities 1,046,874 19 5 Teachers' Superannuation Board's Fund .. .. 16,549 10 6 Land Settlement Finance Act debentures .. .. 68,209 0 0 Local bodies'superannuation funds 58,421 4 9 Local-body debentures 1,842.504 3 9 National Provident Fund .. .. .. .. 330,585 3 5 2,957,588 3 2 Sinking funds (Government and local bodies') .. .. 4,981,904 13 6 Land Settlement Finance Act .. .. .. 113. 70S 4 0 Mortgages, &c— Auckland education reserves 1,838 13 11 Mortgages 8,124,518 17 2 Relief funds 24 249 19 9 •-'- " Properties acquired by foreclosure .. .. .. 7,547 0 8 Taranaki Scholarships Account .. .. .. 16,089 8 4 8,132,065 17 10 Education Reserves Amendment Act .. .. 17,403 19 7 Government Fire Insurance Fund .. .. .. 61. 895 4 3 Land Assurance Fund .. .. 50,313 6 2 Advances (on overdraft) to estates and accounts .. .. 389,713 16 2 Maori Land Boards' Fund .. .. .. .. 485,421 19 6 War Regulations Act .. .. .. .. 282,914 11 3 Interest and rent accruedSundry statutes and accounts 88.021 5 2 Interest accrued, due and overdue 178,115 19 7 Reserve for interest (enemy moneys) .. .. 30,500 0 0 Rent accrued and due 332 18 11 11,433.388 9 3 178,448 18 6 Assurance and Reserve Fund 177,663 10 9 Cash and fixed depositsInvestment Fluctuation Reserve .. ~-.. .. 36,895 5 10 Cash in hand, on current account, and Agents'balances Profits invested .. .. .. .. 204.080 19 8 (imprest) .. .. .. .. .. 74,892 5 8 Profit and Loss Account .. .. .. 59.261 19 11 Fixed deposits .. .. .. .. .. 237 10 7 477,901 16 2 75.129 16 3 £11,911,290 5 5 £11,911.290 5 5 Examined and found correct. Robert J. Colless. Controller and Auditor-General. Robert Triggs, Public Trustee. P. "Verschaffelt, F.1.A.r«.Z., Chief Accountant.

5

B.—9a

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1920 To Salaries— £ s. d. . d. £ s. d. Permanent.. .. .. .. .. .. 95,037 77 By Commission and charges .. .. .. ■■•• .. 71,620 3 3 Temporary.. .. .. .. .. .. 22,007 3 11 Interest, being surplus from investments '.. .. .. .. .. 158,225 18 6 ■ 117,044 11 6 Rent from freehold property .. .. .. .. .. 1,362 9 2 Overtime .. .. .. .. .. .. .. 1,740 14 2 Office solicitor's fees, &c. .. .. .. .. .. .. 9,260 310 War bonus to staff .. .. .. .. .. .. 86 8 6 Service charges— Agents'commission .. .. .. .. .. 6,192 19 6 Services of High Commissioner .. .. .. 206 5 0 Services of General Post Office .. .. .. 721 18 4 Services of Bank of New Zealand .. .. .. 22 8 6 7,143 11 4 Audit of books and accounts .. .. .. .. .. 900 0 0 Maintenance of premises and plantRepairs and insurances— Offices .. .. .. .. .. .. 2,180 16 6 Motor cars and cycles .. .. .. .. 1,185 11 3 Office appliances .. .. .. .. 469 19 4 Sundries .. .. .. .. .. 523 4 7 Insurance premiums on office premises and furniture .. 374 15 7 4,734 7 3 Rent -. .. .. .. .. .. .. .. 1.380 16 4 General charges— Advertising .. .. .. .. .. 1,001 0 11 Cleaning, lighting, and firing .. .. .. .. 2,11147 Legal expenses .. .. .. .. .. 109 6 0 Miscellaneous payments .. .. .. .. 950 16 10 Postages and freight .. .. .. .. .. 3,502 19 10 Telephone subscriptions .. .. .. .. 622 6 8 Printing, stationery, and requisites .. .. .. 6,909 3 9 Travelling-expenses .. .. ... .. .. 3,987 13 8 Wages of custodian and staff .. .. .. .. 3,888 510 23,082 18 1 Depreciation (office premises, furniture, &c.).. .. .. .. 6,109 0 0 Balance, being net-profit to Appropriation Account .. .. .. 78,246 7 7 £240,468 14 9 £240,488 14 9 Public Trust Office, Wellington, Ist June, 1920. Robert Triggs, Public Trustee. P. Verschaffelt, F.1.A.N.Z., Chief Accountant.

2—B. 9a

B.—9a

6

PROFIT AND LOSS, APPROPRIATION ACCOUNT, FOR THE YEAR ENDED 31st MARCH, 1920. £ s. d. £ s. d. £ s. d. To Bonus to estates, 1919 .. .. .. .. .. 33,100 0 0 j By Balance brought forward .. .. .. .. .. .. 53,564 2 0 Assurance and Reserve Fund .. .. .. .. 20,464 2 0 Balance from Profit and Loss Account, being net profit for the year ended 53,564 2 0 31st March, 1920 .. .. .. .. .. .. .. 78,246 7 7 Alterations to premises .. .. .. •. .. • • 1 ,052 0 0 Furniture, &c.— Furniture and library .. .. .. •. 4,809 9 7 Office appliances .. .. .. .. .. 4,110 19 3 Motor cars and cycles .. .. .. .. 2,465 18 9 11,386 7 7 Investment Fluctuation Reserve Account .. .. .. .. 5,522 0 0 Compassionate allowance to Mrs. Holloway .. .. .. 41 0 0 Amounts appropriated under section 43, Public Trust Office Amendment Act, 1913 .. .. .. .. .. 983 0 1 Bonus to estates, 1920 ... .. .. .- .. •• 38.000 0 0 Assurance and Reserve Fund .. .. .. .. .- 21,261 19 11 £131,810 9 7 £131,810 9 7 Public Trust Office, Wellington, Ist June, 1920. Robert Triggs, Public Trustee. P. Verschaffelt, F.1.A.N.Z., Chief Accountant.

By Authority : Marcus F. Marks, Government Printer, Wellington.— 1920.

Approzimat* Cost of Paper — Preparation, not given ; printing (800 copies), £10 10s.

Price 6d ]