B.—9a

PUBLIC TRUST OFFICE. Balance-sheet of the Public Trust Office as at 31st Makch, 1938. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Amounts held in Common Freehold and leasehold premises and sites .. 384,805 4 11 Fund for sundry estates Furniture and plant, &c. .. .. .. 39,061 6 5 and funds .. .. 24,134,535 13 1 Stationery and stores, &c. .. .. 5,629 16 5 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities invested .. .. 51,002 12 3 (£4,430,470), plus preAmounts specially invested miums on purchase on behalf of certain estates (£11,230 15s. 3d.), less and funds .. .. 12,704,869 1 10 reserve for premiums 36,890,407 7 2 on conversion and disSundry creditors, including counts on purchase accounts passed for pay- (£4,569 15s. lOd.) .. 4,437,130 19 5 ment but not yet paid .. .. 148,986 17 6 Local bodies' debentures Reserve in respect of ex- (£6,776,412 lis.), less enemy property moneys.. 22,764 5 7 reserve for premiums Special reserve for securities 66,472 19 1 and discounts on conGeneral Legal Expenses version or purchase Account .. .. 7,806 9 6 (£206,880 4s. 7d.) .. 6,569,532 6 5 Investment Fluctuation 11,006,663 5 10 Account .. .. 96,933 16 8 Mortgages, &c. (book value) 11,980,360 17 8 193,977 10 10 Less reserve .. .. 108,772 10 4 Assurance and Reserve Fund .. 413,715 16 1 11,871,588 7 4 Profit and Loss Appropria- Advances for protection of tion Account .. .. .. 6,482 7 3 securities acquired or in possession, &c. .. .. 66,472 19 1 Properties acquired (book value) .. .. 206,536 10 0 Less reserve .. .. 9,415 18 8 197,120 11 4 Advances (on overdraft) to estates and accounts (book value) .. 610,044 12 6 Less reserve .. .. 2,788 8 5 607,256 4 1 Interest and rent accrued, due, and overdue — Interest accrued up to 31st March, 1938, but not yet due, and interest overdue .. .. 532,911 7 6 Rent due or accrued .. 579 15 4 533,491 2 10 Less provision for losses 176,077 15 3 357,413 7 7 Sundry debtors .. .. .. .. 28,208 3 3 Cash in hand, on current account, and on deposit in New Zealand and London .. 377,621 10 9 Investment of reserve for mortgages : Mortgages, &c. .. .. .. .. 6,860 0 0 Special investments (book value) held on behalf of certain estates and funds — £ s. d. Government securities .. 6,379,231 5 11 State Advances Corporation of New Zealand stock .. .. 130,000 0 0 Local bodies'debentures 1,827,169 16 10 Private debentures and shares .. .. 37,705 10 7 Realty and leasehold . . 7,890 4 6 Fixed deposits . . 15,300 0 0 Mortgages .. .. 4,189,243 7 10 Mortgage securities acquired .. .. 38,677 16 7 Financial assistance to mortgagors .. .. 331 5 10 Loans .. .. 4,996 14 11 Savings-banks accounts .. 15,464 3 1 Overdue interest on special investments.. .. 58,858 15 9 12,704,869 1 10 £37,653,569 18 10 £37,653,569 18 10 E. 0. Hales, Public Trustee. F. Menneer, 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.—J. H. Fowler, Controller and Auditor-General.

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