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1949 NEW ZEALAND
PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1949
Laid Before the General Assembly in Pursuance of Section 27 of the Public Trust Offi&e Amendment Act, 1921-22
The Audit Office, Wellington, 15th August, 1949. The Right Honourable the Minister of Finance, Wellington. Sir, — PUBLIC TRUST OFFICE Balance-sheet as at 31st March, 1949 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, 1949, and to advise you that it has been examined and found correct. I have the honour to be, Sir, Your obedient servant, J. P. Rutherford, Controller and Auditor-General
B—9a
PUBLIC TRUST OFFICE Balance-sheet of the Public Trust Office as at 31st March, 1949 Liabilities £ £ Assets £ Amounts held in Common Fund for sundry Premises, furniture, plant, stationery, &c. .. .. 343,241 estates and funds .. .. .. 19,151,081 Government securities . . .. .. .. .. 4,710,680 Amounts held for special investment on behalf Local bodies'debentures .. .. .. .. 5,075,042 of certain funds but not yet invested .. 42,093 Mortgages (including investments of reserve for mortgages) .. 8,957,076 Amounts specially invested on behalf of certain Properties acquired and advances for protection of securities estates and funds .. .. .. 13,424,280 (book value) .. .. .. .. .. 185,826 32,617,454 Advances (on overdraft) to estates and accounts (book value) 476,603 Sundry creditors .. .. .. .. 287,433 Interest and rent accrued, due, and overdue .. .. 202,456 Writings-off Suspense Account .. .. .. 11,532 Sundry debtors .. .. .. .. .. 2,410 Reserve in respect of enemy property moneys 41,066 Assets in suspense (pending final writing off) .. .. 11,532 Reserve for losses on mortgages, &c., and in Cash in hand, on current account, and on deposit in New respect of advances for protection of securities 116,589 Zealand and London .. .. .. .. 263,809 Reserve for deferred maintenance .. .. 2,745 Special investments, and overdue interest thereon, held on 160,400 behalf of certain estates and funds .. .. .. 13,424,280 General Legal Expenses Account . . .. .. 7,635 Investment Fluctuation Account .. .. .. 177,185 Assurance and Reserve Fund .. .. .. 391,316 £33,652,955 £33,652,955
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B—9a
Profit and Loss Account for the Year Ended 31st March, 1949 Salaries and general working-expenses 535,255 Commission and other income (net) .. .. •• 539,575 Losses on realization of mortgages 485 Balance, being net loss for year, transferred to Appropriation Depreciation on office premises, furniture, &c. .. .. 9,636 Account .. •• •• •• •• *■ > £545,376 £545,376 Profit and Loss Appropriation Account for- the Year Ended 31st March, 1949 n £ ] Or. Profit and Loss Account: Balance transferred .. .. 5,801 Profit on sale of investments .. 650 Transfer to Investment Fluctuation Account 650 Transfer from Assurance and Reserve Fund b,»Ui H. Pearce, 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.— J. P. Rutherford, Controller and Auditor-General.
Approximate Cost of Paper.— Preparation, not given; printing (669 copies), £B.
By Authority: E. E. Owen, Government Printer, Wellington.— 1949. Price 3d.]
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PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1949, Appendix to the Journals of the House of Representatives, 1949 Session I, B-09a
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482PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1949 Appendix to the Journals of the House of Representatives, 1949 Session I, B-09a
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