B.—9a

1922. NEW ZEALAND

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1922.

Laid before the General Assembly in pursuance of Section 39 of the Public Trust Office Act, 1908.

The Controller and Auditor-General to the Right Hon. the Minister op Finance. Sir,— Audit Branch, Public Trust Office, Wellington, 10th July, 1922.W"" I have the honour, in accordance with the provisions of section 39 of the Public Trust Office Act, 1908, to transmit to you the attached balance-sheet of the Public Trust Office for the year which ended on the 31st March last, and to report that I have examined the balance-sheet and found it correct. I have, &c, G. F. C. Campbell, Controller and Auditor-General. . Hon. J. G. Coates, Minister in charge of the Public Trust Office, Wellington.

Balance-sheet op the Public Trust Office as at 31st March, 1922. Liabilities. Assets. £ s. d. £ s. d. £ s . <j, £ s _ d Amounts held in Common Froehold and leasehold proFund for sundry estates miscs and sites .. .. .. 217,428 5 9 and funds .. .. 13,174,181 0 1 Furniture and plant— Amounts held for special in- Furniture and library, &c. 16,436 4 4 vestment on behalf of cer- Mechanical appliances .'. 6,233 1 7 tain funds but not yet in- Motor cars and cycles .. 2,447 18 0 vested.. .. .. 34,309 2 8 , 25,117 3 11 Amount specially invested on Stationery stores, &c. .. .. 7,347 18 7 behalf of certain estates and Stocks, bonds, and debentures— funds .. .. .. 1,501,070 16 4 Government securities .. 977,505 13 7 14,709,560 19 1 Land Settlement Finance Sundry creditors .. .. .. 118,505 11 2 Act debentures .. 50,192 0 0 Reserve for income-tax .. 3,000 0 0 Local bodies'debentures .. 3,284,469 0 5 Reserve for interest on enemy 4,312,166 14 0 property moneys .. 45,473 15 10 Mortgages, &c.— General Legal Expenses Ac- Mortgages .. .. 8,409,618 3 11 count .. .. .. 1,000 0 0 Properties acquired by foreInvestment Fluctuation Ac- closure, &c. .. .. 10,286 11 5 count .. .. .. 49,283 5 3 8,419,904 15 4 98,757 1 1 Advances (on overdraft) to Assurance and Reserve Fund .. 402,302 5 2 estates and accounts .. .. 312,835 19 11 Interest and rent accrued due and overdue— Interest accrued and overdue .. .. .. 244,012 13 II Rent accrued and due .. 466 8 8 244,479 2 7 Sundry debtors .. .. .. 728 4 6 Cash and deposits— Cash in hand and on current accounts .. .. 284,216 15 11 Land and income tax deposits .. .. 2,913 16 4 Fixed doposits .. .. 916 3 4 288,046 15 7 Special investments held on behalf of certain estates and funds— Government securities .. 99,845 16 4 Local bodies'debentures .. 243,220 0 0 Private debentures .. 2,447 10 O Mortgages .. ..1,148,150 5 2 Overdue interest on investments .. .. 7,407 4 10 1,501,070 16 4 £15,329,125 16 6 £15,329,125 16 6

J. W. Macdonald, Public Trustee. W. Barr, Chief Accountant. The Audit Office having examined the balance-sheet and accompanying accounts, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. G. F. C. Campbell, Controller and Auditor-General.