15." 9A.

PUBLIC TRUST OFFICE. Balance-sheet of the Public Trust Office as at 31st March, 1940. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Amounts held in Common Freehold and leasehold premises and sites .. 398,700 19 8 Fund for sundry estates Furniture and plant, &c. .. .. .. 36,174 8 7 and funds .. .. 23,810,641 5 9 Stationery and stores, &c. .. .. 5,974 10 11 Amounts held for special Stocks, bonds, and debeninvestment on behalf of tures (book value) — £ s. d. certain funds, but not yet Government securities invested .. .. 44,392 18 6 (£4,514,630), plus preAmounts specially invested miums on purchase on behalf of certain estates (£9,751 7s. Id.), less and funds .. .. 14,103,491 0 10 reserve for premiums on 37,958,525. 5 1 conversion and disSundry creditors, including counts on purchase accounts passed for pay- (£3,447 15s. 5d.) .. 4,520,933 11 8 ment but not yet paid.. .. 157,449 17 6 Local bodies' debentures Writings off, Suspense Ac- (£6,447,083 18s. 2d.), count .. .. .. 4,758 18 3 less reserve for preReserve in respect of enemy miums and discounts property moneys .. 25,695 4 11 on conversion or purReserve for taxation .. 1,350 0 0 chase (£187,226 4s. 2d.) 6,259,857 14 0 Special reserve for securities 71,938 16 11 10,780,791 5 8 General Legal Expenses Ac- Mortgages, &c. (book value) 12,023,711 1 2 count .. .. 7,772 17 6 Less reserve .. .. 62,812 7 1 Investment Fluctuation Ac- 11,960,898 14 1 count .. .. 100,090 14 4 Advances for protection of 206,847 13 8 securities acquired or in Assurance and Reserve Fund .. 413,715 16 1 possession, &c. .. .. 71,938 16 11 Profit and Loss Appropria- Properties acquired (book tion Account .. .. .. 8,489 8- 0 value) .. .. 277,618 1 1 Less reserve .. .. 5,79714 9 271,820 6 4 I Advances (on overdraft) to estates and accounts (book value) .. 672,779 7 1 Less reserve .. . . 2,660 4 2 — 670,119 2 11 Interest and rent accrued, due, and overdue— Interest accrued up to 31st March, 1940, but not yet due, and interest overdue .. .. 413,318 2 3 Rent due or accrued .. 343 19 4 413,662 1 7 Less provision for losses 99,484 19 10 •, ~ rr- 314,177 I 9 Sundry debtors .. .. .. .. 8,174 17 10 Assets in suspense .. .. .. 4ii708 18 3 Cash in hand, on current account, and on deposit in New Zealand and London .. .. 115,846 14 10 Investment of reserve for mortgages : Mort- , , gages, &c. .. .. .. .. 6,.860 0 0 Special investments (book value) held on behalf of , certain estates and funds— £ s. d. Government securities .. 8,022,004 1 11 State Advances Corporation of New Zealand stock .. . . 130,000 0 0 Local bodies' debentures 1,752,605 8 11 Private debentures and shares .. .. 50,185 6 11 Realty and leasehold .. 6,570 4 6 i Fixed deposits .. 11,275 0 0 Mortgages .. .. 4,046,518 7 8 Mortgage securities acquired .. .. 41,183 18 11 Advances for protection of securities .. .. 620 0 0 Financial assistance to mortgagors .. .. 660 16 10 Loans .. . . 1,245 0 0 Savings-banks accounts 10,288 13 0 Overdue interest on special investments .. .. 30,334 22 14,103,491 0 10 £38,749,786 18 7 £38,749,786 18 7 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.— Cyril G. Collins, Controller and Auditor-General.

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