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8.--9 A.

1936. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1936.

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

The Controller and Auditor-General to the Right Hon. the Acting Minister of Finance. gj r> The Audit Office, Wellington, 27th October, 1936. 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 for the year ended on 31st March, 1936, and to advise you that it has been examined and found correct. I have, &c., G. F. C. Campbell, Controller and Auditor-General The Right Hon. the Acting Minister of Finance, Wellington.

B,—9A.

PUBLIC TRUST OFFICE. Balance-sheet of the Public Tbust Office as at 31st March, 1936. Liabilities. Assets £ s. d. £ s. d. £ s d Amounts held in Common Freehold and leasehold premises and sites 411 775 0 10 I und for sundry estates Furniture and plant, &c. .. .. .. 38 706 6 0 and funds .. .. 24,480,143 4 8 Stationery and stores, &c. .. .. 4*765 19 2 Amounts held for special in- Stocks, bonds, and debenvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities .. 3,491,100 0 0 invested .. .. 259,069 19 9 Less reserve for preAmounts specially invested miums and discounts on behalf of certain estates on conversion or purand funds .. .. 11,761,298 9 5 chase " 2 2''4 1' 9 36,500,511 13 10 " Sundry creditors, including o - j (| accounts passed for pay- Fixed deposits . . 14 742 9 6 ment, but not yet paid .. .. 176,564 710 Local bodies' debentures, Reserve m respect of ex- £7,106,076 14s. lid.; less enemy-property moneys 20,028 3 9 reserve for premiums Special reserve for securities 70,179 0 4 and discounts on conGeneral Legal Expenses version or purchase, Account •• .. 7,838 14 0 £212,905 17s. .. 6,893,170 17 11 Investment fluctuation Ac- jq connt •• 70,135 16 8 Mortgages, &c. (book value) 12,174,042 6 8 168,181 14 9 Less reserve .. .. 100,810 111 Assurance and Reserve Fund .. .. 413,715 16 1 1? 073 '?3° 4 9 Profit and Loss Appropriation Account .. 2,709 12 8 Advances for protection of securities acquired or in possession, &c. . . .. 70 179 0 4 Properties acquired (book value) .. .. 209,703 19 6 Less reserve .. .. 15,854 18 8 193,849 0 10 Advances (on overdraft) to estates and accounts (book value) .. 582,050 6 2 Less reserve .. . . 2,788 8 5 579,261 17 9 Interest and rent accrued, due, and overdue — Interest accrued up to 31st March, 1936, but not yet due, and interest overdue .. .. 480,975 0 7 Rent due or accrued .. 356 4 8 o i , 481,331 5 3 Sundry debtors .. .. .. .. 39,962 11 2 Cash in hand on current account and on deposit in New Zealand and London .. .. 1,176,150 2 8 Investments of reserve for mortgages : Mortgages, &c. .. .. .. .. 34,382 11 9 Special investments (book value) held on behalf of certain estates and funds— £ .s. a. Government securities .. 3,182,281 14 11 Rural Advances bonds .. 2,186,132 15 0 Mortgage Corporation of New Zealand Stock .. 130,000 0 0 Local bodies'debentures 1,593,263 2 7 Private debentures and shares .. .. 16,285 4 1 Realty and leasehold .. 1,'878 18 10 Fixed deposits .. 2,473 14 0 Mortgages .. .. 4,507,122 7 10 Mortgage securities acquired .. .. 27,344 13 7 Financial assistance to mortgagors .. .. 126 16 10 Loans .. .. 6,161 14 11 Savings-banks accounts 6,356 2 7 Overdue interest on special investments.. .. 101,871 4 3 11,761,298 9 5 £37,261,683 5 2 £37,261,683 5 2 E. 0. Hales, Public Trustee. F. Menneeb, Chief Accountant. 1 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.—G. F. C. Campbell, Controller and Auditor-General.

2

B.—9A.

PUBLIC TRUST OFFICE—continued. Profit and Loss Account for the Year ended 31st March, 1936. £ s. d. £ g. d. To Salaries .. .. .. .. .. 234,353 15 10 By Commission and other income . . .. 371,427 4 7 Overtime .. . . .. .. 70 3 4 Service charges— £ s. d. Agents'commission 3,784 11 10 Services of High Commissioner 1,152 10 0 Services of General Post Office 875 4 0 5,812 5 10 Audit of books and accounts . . .. 850 0 0 Maintenance of premises and plant : Repairs, insurance, &c. .. .. .. .. 7,938 13 8 Rent .. .. .. .. .. 1,933 1 10 General charges— £ s. d. Advertising .. .. 3,399 1 7 Cleaning, lighting, heating, and power .. .. .. 5,402 3 4 Legal expenses .. .. 895 11 11 Rates .. .. .. 819 18 2 Miscellaneous payments .. 438 5 8 Postages and freight .. 4,071 12 8 Stamp duty on receipts and cheques .. .. 1,281 7 10 Telephone subscriptions .. 1,612 15 9 Printing, stationery, and requisites .. .. 6,176 13 8 Travelling-expenses .. 4,186 14 4 Salaries and expenses of Farm Inspectors .. .. 5,174 11 8 Salaries of custodians and staff 5,888 6 10 39,347 3 5 Amounts written off under section 43, Public Trust Office Amendment Act, 1913 .. 84 6 3 Losses on realization of mortgages and of mortgage securities acquired, and reserve for anticipated losses on mortgages .. .. 26,370 10 8 Depreciation on office premises, furniture, plant, &c. .. .. .. .. 16,599 16 2 Contributions to subsidy to Public Service Superannuation Fund .. . . .. 3,727 12 4 Land-tax .. .. .. . . 420 3 6 Income-tax . . .. .. .. 28,500 6 5 Balance, being net profit for year, transferred to Appropriation Account .. .. .. 5,419 5 4 £371,427 4 7 £371,427 4 7 E. 0. Hales, Public Trustee. P. Menneer, Chief Accountant. Profit and Loss Appropriation Account for the Year ended 31st March, 1936. £ s ' d. £ s , (J. To Consolidated Fund: One-half profits for year By Balance .. .. .. .. .. 3,359 0 10 ended 31sfc March, 1935, payable in accordance Profit and Loss Account: Balance transferred.. 5,419 5 4 with section 24 (1) of the Finance Act, 1929 .. 3,359 010 Investment Fluctuation Account .. .. 2,709 12 8 Balance .. .. .. .. .. 2,709 12 8 £8,778 6 2 £8,778 6 1 £ s. d. By Balance .. .. .. .. .. 2,709 12 8 E. 0. Hales, Public Trustee. F. Menneer, Chief Accountant.

Approximate Cost of Paper.—Preparation, not given; printing (644 copies), £4 sb.

By Authority: G. H. Loney, Government Printer, Wellington.—l 936.

Price 3ri.]

3

B.—9A.

1937. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1937.

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

The Controller and Auditor-General to the Hon. the Minister of Finance. Sir, — The Audit Office, Wellington, 14th September, 1937. 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 for the year ended on 31st March, 1937, and to advise you that it has been examined and found correct. I have, &c., J. H. Fowler, Controller and Auditor-General. The Hon. the Minister of Finance, Wellington.

B.—9A.

PUBLIC TRUST OFFICE. Balance-sheet of the Public Trust Office as at 31st March, 1937. Liabilities. Assets. £ s. d. £ s. d. £ j Amounts hdd in Common Freehold and leasehold premises and sites .. 382,788 16 5 I'und lor sundry estates Furniture and plant, &c. .. .. .. 39 455 ia a and funds .. . . 24,044,359 0 2 Stationery and stores, &c. . . .. 5'068 16 8 Amounts held for special Stocks, bonds, and debenmvestment on behalf of tares (book value) — £ s. d. certain funds, but not yet Government securities invested .. .. 147,100 15 7 (£4,113,435), plus preAmounts specially invested miums on purchase on behalf of certain estates (£10,617 17s. Id.), less and funds .. .. 12,362,188 1 6 reserve for premiums 0 36,553,647 17 3 on conversion and dis,Sundry creditors, including countg on purchase accounts passed for pay- (£5,761 16s. 9d.) .. 4,118 291 0 4 ment, but not yet paid . . .. 111,95118 1 Fixed deposits Keserve m respect of ex- (£7,448 13s. 3d.), less enemy property moneys. . 21,372 14 3 discount on purchase Special reserve for securities 60,924 4 8 (6s. 9d.) .. .. 7 448 6 6 General Legal Expenses Local bodies' debentures Account .. .. 7,806 9 6 (£6,994,663 7s. 4d.), investment Fluctuation less reserve for premiums Account .. .. 96, 000 3 10 and, discounts on con186,103 12 3 version or purchase Assurance and Reserve Fund .. 413,715 16 1 (£213,160 17s. 6d.) .. 6,781 502 910 Front and Loss Appropna- 10 907i2 4i ig 8 tion Account .. .. .. -10,946 5 9 Mortgages, &c. (book value) 11,907,023 16 11 Less reserve .. .. 95,261 11 7 : 11,811,762 5 4 Advances for protection of securities acquired or in possession, &c. .. .. 00 924 4 8 Properties acquired (book value) .. .. 209,235 5 4 Less reserve .. .. 15,854 18 8 — 193,380 6 8 Advances (on overdraft) to estates and accounts (book value) .. 609,205 19 5 Less reserve .. .. 2,788 8 5 606,417 11 0 Interest and rent accrued, due, and overdue — Interest accrued up to 31st March, 1937, but not yet due, and interest overdue .. .. 414,411 1 6 Rent due or accrued .. 547 5 6 414,958 7 0 Sundry debtors .. .. .. .. 68,575 6 8 Cash in hand, on current account, and on deposit in New Zealand and London .. 387,221 8 9 Investments of reserve for mortgages—Mortgages, &c. .. .. .. .. 36,382 11 9 Special investments (book value) held on behalf of certain estates and funds— £ s . d. Government securities . . 3,668,359 6 1 Rural Advances bonds .. 2,189,182 15 0 State Advances Corporation of New Zealand Stock .. .. 130,000 0 0 Local bodies'debentures 1,895,718 9 4 Private debentures and shares .. .. 30,282 8 3 Realty and leasehold .. 2,185 4 6 Fixed deposits .. 19,500 0 0 Mortgages .. .. 4,289,925 6 0 Mortgage securities acquired .. .. 29,773 8 1 Financial assistance to mortgagors .. .. 145 9 4 Loans .. .. 5,996 14 11 Savings-banks accounts .. 13,287 14 1 Overdue interest on special investments.. .. 87,831 5 11 — 12,362,188 1 6 £37,276,365 9 5 £37^2767365^9^ Ē. 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.

6

B.—9A.

PUBLIC TRUST OFFICE —continued. Profit and Loss Account for the Year ended 31st March, 1937. £ s. d. £ a. d. Salaries .. .. .. .. .. 261,683 5 11 Commission and other income .. .. .. 373,012 9 5 Overtime .. .. .. .. .. 930 5 2 Service charges— £ s. d. Agent's commission .. .. 3,879 12 0 Services of High Commissioner .. 1,228 0 0 Services of General Post Office .. 879 11 0 5,987 3 0 Audit of books and accounts .. .. .. 850 0 0 Maintenance of premises and plant —Repairs, insurances, &c. .. .. .. .. 5,249 18 2 Bent .. .. .. .. .. 2,220 2 11 General charges— £ s. d. Advertising .. .. .. 3,918 16 11 Cleaning, lighting, heating, and power .. .. .. 5,713 11 7 Legal expenses .. .. 873 7 1 Bates .. .. .. 613 13 2 Miscellaneous payments .. 431 11 5 Postages and freight .. .. 4,288 5 11 Stamp duty on receipts and cheques .. .. .. 1,350 12 7 Telephone subscriptions .. 1,669 7 10 Printing, stationery, and requisites 4,982 12 9 Travelling-expenses .. .. 4,370 16 3 Salaries and expenses of Farm Inspectors .. .. . . 5,369 4 1 Salaries of Custodians and Staff.. 6,557 18 5 40,139 18 0 Losses on realization of mortgages . . .. 703 10 11 Depreciation on office premises, furniture, plant, &c. .. .. .. .. .. 17,750 2 6 Contribution to subsidy to Public Service Superannuation Fund .. .. .. .. 3,799 17 9 Land-tax .. .. .. .. .. 3,314 11 0 Income-tax .. .. .. .. .. 8,491 2 6 Balance, being net profit for year, transferred to Appropriation Account .. .. .. 21,892 11 7 £373,012 9 5 £373,012 9 5 E. 0. Hales, Public Trustee. F. Menneer, Chief Accountant. Profit and Loss Appropriation Account for the Year ended 31st March, 1937. Consolidated Fund —One-half profits for year £ s. d. £ s. d. ended 31st March, 1936, payable in accordance Balance .. .. .. .. .. 2,709 12 8 with section 24 (1) of the Finance Act, 1929 .. 2,709 12 8 Profit and Loss Account —Balance transferred .. 21,892 11 7 Investment Fluctuation Account .. .. 16,609 11 6 Profit on sale of freehold property .. .. 5,663 5 8 Balance .. .. .. •• 10,946 5 9 £30,265 9 11 • £30,265 9 11 £ s. d. Balance .. .. .. .. ..10,946 59 E. 0. Hales, Public Trustee. F. Menneer, Chief Accountant. Approximate Cost of Paper.—Preparation, not given ; printing (655 copies). £4 10s.

By Authority: B. V. Paul, Government Printer, Wellington. —1937.

Price 3d.]

7

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https://paperspast.natlib.govt.nz/parliamentary/AJHR1937-I.2.1.3.11

Bibliographic details
Ngā taipitopito pukapuka

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1936., Appendix to the Journals of the House of Representatives, 1937 Session I, B-09a

Word count
Tapeke kupu
1,972

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1936. Appendix to the Journals of the House of Representatives, 1937 Session I, B-09a

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1936. Appendix to the Journals of the House of Representatives, 1937 Session I, B-09a

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