B.—9A

PUBLIC TRUST OFFICE. Balance-sheet of the Public Trust Office as at 31st March, 1939. Liabilities. Assets. £ s. d. £ s. d. £ a. d. Amounts held in Common Freehold and leasehold premises and sites .. 386,698 3 11 Fund for sundry estates Furniture and plant, &c. .. .. .. 38,247 15 10 and funds .. .. 23,984,571 14 2 Stationery and stores, &c. .. .. .. 6,470 0 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 .. .. 56,140 6 1 (£4,451,770), plus pr«Amounts specially invested miums on purchase on behalf of certain estates (£10,506 15s. 7d.), less and funds .. .. 13,590,937 5 4 reserve for premiums 37,631,649 5 7 on conversion and disSundry creditors, including counts on purchase accounts passed for pay- (£3,328 18s. Bd.) .. 4,458,947 16 11 ment but not yet paid .. .. 195,946 0 8 Local bodies' debentures Reserve in respect of ex- (£6,635,777 4s. lid.), enemy property moneys.. 24,204 11 3 less reserve for preSpecial reserve for securities 68,584 12 5 miums and discounts General Legal Expenses on conversion or purAccount .. .. 7,772 17 6 chase (£198,051135. 4d.) 6,437,725 11 7 Investment Fluctuation Ac- 10,896,673 8 6 count .. .. 94,955 10 11 Mortgages, &c. (book value) 12,055,716 1 6 195,517 12 1 Less reserve .. .. 60,498 18 6 Assurance and Reserve Fund .. 413,715 16 1 — 11,995,217 3 0 Profit and Loss Appropria- Advances for protection of tion Account .. .. .. 133 7 6 securities acquired or in possession, &c. .. .. 68,584 12 5 Properties acquired (book value) .. .. 200,331 17 9 Less reserve .. .. 6,466 11 7 193,865 6 2 Advances (on overdraft) to estates and accounts (book value).. .. 675,871 1 9 Less reserve .. .. 2,698 13 8 673,172 8 1 Interest and rent accrued, due, and overdue— Interest accrued up to 31st March, 1939, but not yet due, and interest overdue .. .. 431,665 6 0 Rent due or accrued .. 168 18 11 431,834 4 11 Less provision for losses 100,970 2 0 — 330,864 2 11 Sundry debtors .. .. . . .. 30,745 0 1 Cash in hand, on current account, and on deposit in New Zealand and London .. .. 218,626 15 3 Investment of reserve for mortgages: Mortgages, &c. .. .. .. .. 6,860 0 Special investments (book value) held on behalf of certain estates and funds— £ s. d. Government securities .. 7,383,412 18 11 State Advances Corporation of New Zealand stock .. .. 130,000 0 0 Local bodies'debentures 1,802,587 2 4 Private debentures and shares .. .. 41,206 17 2 Realty arid leasehold .. 5,070 4 6 Fixed deposit s .. 900 0 0 Mortgages .. .. 4,144,608 16 1 Mortgage securities acquired .. .. 36,255 16 8 Advances for protection of securities .. .. 646 14 9 Financial assistance to mortgagors .. .. 170 16 10 Loans .. .. 6,280 0 0 Savings-banks accounts .. 10,791 5 10 Overdue interest on special investments.. .. 29,006 12 3 13,590,937 5 4 £38,436,962 1 11 £38,436,962 1 11 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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