PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1943

Appendix to the Journals of the House of Representatives, 1943 Session I, B-09a

8.—9 A

1943 NEW ZEALAND

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1943

Laid before the General Assembly in pursuance of Section 27 of the Public Trust Office Amendment Act, 1921-22

The Audit Office, 25th June, 1943. The Honourable the Minister of Finance, Wellington. Sir, — I have the honour, in accordance with the provisions of section 27 of the Public Trust Office Amendment Act, 1921-22, to transmit to you the Balance-sheet of the Public Trust Office as at 31st March, 1943, and to advise you that it has been examined and found correct. I have the honour to be, Sir, Your obedient servant, Cyril G. Collins, Controller and Auditor-General. PUBLIC TRUST OFFICE Balance-sheet op the Public Trust Office as at 31st March, 1943 Liabilities Assets £ £ £ Amounts held in Common Fund for Premises, furniture, plant, stationery, &e... .. 399 51® sundry estates and funds .. .. 24,168,139 Government securities .. .. .. 6,256' 125 Amounts held for special investment on Local bodies' debentures .. .. .. 5,939,059' behalf of certain funds, but not yet Mortgages (including investments of reserve for invested .. .. .. 45,543 mortgages) .. .. .. .. .. 11,105,727 Amounts specially invested on behalf Properties acquired and advances for protection of of certain estates and funds .. 15,921,036 securities (book value) .. .. .. 324,979' 40,134,718 Advances (on overdraft) to estates and accounts Sundry creditors, writings off, &c. .. .. 224,156 (book value) .. .. .. .. 618,230 Reserve in respect of enemy property Interest and rent accrued, due, and overdue .. 347^488 moneys.. .. .. .. 30,488 Sundry debtors, assets in suspense, &c. .. .. 84,963 Reserve for taxation .. ~ 23,557 Cash in hand, on current account, and on deposit in Reserves for losses on mortgages, &c., New Zealand and London .. .. .. 204,158 and in respect of advances for pro- Special investments, and overdue interest thereon, tection of securities .. .. 239,516 held on behalf of estates and funds .. ..15 921 03ft 293,561 General Legal Expenses Account .. .. 7,731 Investment Fluctuation Account .. .. 121,016 Assurance and Reserve Fund .. .. 413,716 Profit and Loss Appropriation Account .. 6,383 £41,201,281 £41,201,281 1 1 — = —i ■=. Profit and Loss Account for the Year ended 31st March, 1943 Dr ■ £ Cr. £ Salaries and general working-expenses .. .. 338,837 Commission, and other income (net) .. 405 686 Reserve for anticipated losses on mortgages .. .. 10,000 Depreciation on office premises, furniture, &c. .. 16,401 Taxes and reserve therefor .. .. . . 27,682 Balance, being net profit for year, transferred to Appropriation Account .. .. .. .. 12,766 £405,686 £405,686 Profit and Loss Appropriation Account for the Year ended 31st March, 1943 ~ Dr ■ £ Or. £ Consolidated Fund: One-half profits for year ended Balance .. .. .. .. ~ g 512 31st March, 1942, payable in accordance with section Profit and Loss Account : Balance transferred 12'766 24 (1), Finance Act, 1929 .. .. .. 8,512 ' Investment Fluctuation Account .. .. .. 6,383 Balance.. .. .. .. .. 6,383 £ 21,278 £21,278 £ Balance .. .. .. .. .. 0^33 W. G. Baird, Public Trustee. A. J. Anderson, F.R.A.N.Z., Chief Accountant.

I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— Cyril G. Collins, Controller and Auditor-General.

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