59

B.—l FPT. IV Sup. TO 1928

PUBLIC TRUST OFFlCE—continued. Balance-sheet as at 31st Mabch, 1928. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Amounts held in Common Freehold and leasehold preFund for sundry estates mises and sites .. .. 444,019 19 6 and funds .. .. 20,259,728 5 1 Furniture and plant, &c. .. .. 36,544 19 7 Amount held for special in- Stationery and stores, &c. .. 5,659 14 0 vestment on behalf of cer- Stocks, bonds, and detain funds, but not yet bentures — invested .. .. 37,514 8 1 Government securities .. 1,332,399 17 1 Amount specially invested Land Settlement Finance on behalf of certain Act debentures .. 38,500 0 0 estates and funds .. 8,188,198 19 5 Local bodies'debentures 6,722,129 19 4 28,485,441 12 7 8,093,029 16 5 Sundry creditors, including Mortgages, &c. .. .. 11,744,912 17 5 accounts passed for pay- Less reserve .. .. 56,333 10 10 ment but not yet paid .. 157,876 16 9 11,688,579 6 7 Overdraft—Bank of New Advances for protection of Zealand, Wellington .. .. 59,364 7 5 securities acquired or in Reserve for income-tax .. 3,213 15 5 possession, &e. .. .. 15,169 3 2 Reserve in respect of enemy- Properties acquired .. 163,854 5 11 property moneys .. 82,805 1 4 Less reserve .. .. 32,983 3 4 Special reserve for securities 15,000 0 0 130,871 2 7 General Legal Expenses Advances (on overdraft) to Account .. .. 12,960 11 4 estates and accounts .. 368,383 9 7 Investment Fluctuation Ac- Less reserve .. .. 1,931 3 7 count .. 129,645 9 10 366,452 6 0 243,624 17 11 Interest and rent accrued, Assurance and Reserve Fund .. 427,346 1 3 due and overdue— Interest accrued up to 31st March, 1928, but not yet due, and interest overdue .. 345,543 9 5 Rent due or accrued .. 589 13 6 346,133 2 11 Sundry debtors .. .. .. 2,624 0 8 Cash in hand, on current account, and on deposit in New Zealand and in London .. .. .. .. 56,371 5 1 Special investments held on behalf of certain estates and funds — Government securities .. 812,720 12 10 Local bodies'debentures 2,000,384 9 I Land Settlement Finance Act debentures .. 4,500 0 0 Private debentures and shares .. .. 17,852 6 6 Mortgages .. .. 5,310,804 10 7 Mortgage securities acquired .. .. 24,231 15 10 Advances for protection of securities acquired.. 85 14 7 Loans .. .. 964 5 4 Savings-bank accounts .. 318 0 5 Overdue interest on special investments .. 16,337 4 3 ■ 8,188,198 19 5 £29,373,653 15 11 £29,373,653 15 11 J. W. Macdonald, Public Trustee. W. Bakr, Chief Accountant. I hereby certify that the Revenue Account and Balance-sheet 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.