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Sess. 11.—1897. NEW ZEALAND.

PUBLIC TRUST OFFICE (ACCOUNTS OF THE) FOR THE YEAR ENDED 31st MARCH, 1897.

Laid before the General Assembly in pursuance of Section 36 of " The Public Trust Office Consolidation Act, 1894."

The Controlleb and Auditor-Geneeal to the Hon. the Colonial Teeasubee. Sib _ Audit Office, 27th May, 1897. I have the honour, in accordance with the provisions of section 36 of " The Public Trust Office Consolidation Act, 1894," 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 this balance-sheet and found it correct. I have, &c, J. K. Waebueton, The Hon. the Colonial Treasurer, Wellington. Controller and Auditor-General.

I—B. 9.

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BALANCE-SHEET of the Public Trust Office for the Year ended 31st March, 1897.

Balances on 1st April, 1896. Transactions. Balances on 31st March, 1897. Name of Account. Cr. Dr. Cr. Dr. Cr. Dr. Wills and trust properties placed in office Intestates' estates Lunatics' estates Convicts' estates Real estates " Unclaimed Lands Act, 1894 " West Coast Settlement Reserves Native Reserves Auckland Hospital Reserves " Civil Service Reform Act, 1886 " .. " Post and Telegraph Classification and Regulation Act, 1890 " " Shipping and Seamen's Act, 1877 " " Industrial Schools Act, 1882 " .. " Little Barrier Island Purchase Act, 1894 " .. " Bankruptcy Act, 1883 " "Defence Act, 1886" .. Trustees' Relief Act " Public Works Act, 1882," sections 64 and 65 .. " Rating Act, 1882 " " Rating Act, 1876," section 63 " Foreign Insurance Companies' Deposits Act, 1894 " " Advances to Settlers Act, 1894," Debenture Sinking Fund Account " Mangatu Empowering Act, 1893 " " Native Land Act Amendment Act, 1878," section 13, No. 2 " Native Land Laws Amendment Act, 1883," section 14 .. " Native Equitable Owners Act, 1886 " " Maori Real Estate Management Act, 1888 " .. " Native Lana Laws Amenament Act, 1895," section 71 .. Natives at Wellington Native 5-per-cents, Wairarapa Native 10-per-cents, Auckland Land Assurance Fund Coal-miners' Relief Fund Railway Servants' Funa Police Reward Fund .. .. .. .. Permanent Militia Reward Fund New Lease Deposit Account Returned Cheque Deposit Account Mortgage Realisation Account Deficiency in Realisation of Mortgage Securities Agents' Deficiency Account Suspense Account Interest Account Accrued Interest Account General Investment Account Assurance and Reserve Fund Account Cash Profit and Loss Account £ s. d. 497,232 9 10 47,255 1 9 19,007 19 4 £ s. a. £ s. d. 138,697 13 8 39,231 10 9 11,157 9 1 22 12 10 363 0 1 2,169 17 10 16,592 2 1 19,394 9 4 2,257 3 2 3,938 10 11 276 16 5 81 1 0 £ s. d. 88,052 10 1 38,580 14 8 8,695 13 5 23 11 7 891 3 9 1,143 1 5 18,375 2 3 21,339 7 7 2,364 6 6 889 8 3 8 18 4 109 17 0 45 12 0 500 0 0 1,043 6 10 £ s. a. 547,877 13 5 47,905 17 10 21,469 15 0 £ s. a. 7,866 16 8 0 18 9 22,959 15 9 22,074 19 4 563 4 8 7,338 13 0 463 11 9 21,176 15 7 20,130 1 1 152 18 9 260 2 1 13,698 11 0 212 9 1 345 1 11 379 19 9 917 0 0 5,209 14 5 19 2 8 318 18 3 191 16 4 1,909 2 9 8 11 14,887 1 8 3,369 12 7 475 0 0 604 18 1 1,797 10 2 5 18 3 19,553 6 7 16 8 0 659 13 2 252 16 7 2,542 7 5 85,941 18 7 915 4 6 2,102 18 6 1,582 0 7 1,230 16 0 148 7 8 79 17 1 200 0 0 365 4 7 302 2 2 8,011 5 0 24,278 19 1 250 0 0 106 0 0 16 5 1 132 3 9 2,898 6 8 435 1 7 320 5 2 15 12 10 61 17 5 16,747 13 8 480 7 2 316 5 11 334 7 9 617 0 0 4,531 12 2 19 2 8 318 18 3 191 16 4 2,079 1 2 8 11 20,000 0 0 27,213 10 1 404 14 10 695 5 3 1,751 17 10 5 18 3 20,274 8 5 16 8 0 659 13 2 252 16 7 2,542 7 5 85,017 3 1 1,132 3 2 2,370 11 2 1,714 4 2 1,345 18 2 194 4 6 79 17 1 12,094 17 2 11,373 15 4 4,262 10 2 468 2 0 268 8 5 170 3 11 115 2 6 91 15 3 5,187 5 8 251 3 4 0 15 9 38 0 4 0 0 4 45 18 5 14 4 1 180 7 4 41 11 8 755 7 2 180 7 4 38 0 6 4,314 12 0 42,945 4 7 4,988 11 3 100,130 8 8 503 17 10 367,903 1 7 14,500 12 8 744 11 7 "3 8 6 249 7 3 4,988 11 3 757,573 5 0 25 7 9 3,579 8 7 42,945 4 7 5,437 3 9 184,531 11 0 180 7 4 367,606 17 0 13,569 14 3 984 10 8 28 18 11 5,437 3 9 841,974 7 4 822 11 10 l,i46 2 4 3,630 7 2 16,960 18 10 16,664 14 3 4,561 5 7 780,475 1 7 780,475 1 7 821,443 6 1 821,443 6 1 864,369 13 7 864,369 13 7 James C. Mabtin, Public Trustee. M. C. Barnett, Accountant.

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Public Teust Office Peofit and Loss Account. Summaey of Revenue and Expbndituee for the Year ended 31st March, 1897. Dβ. £ s. d. £ s. a. £ s. a. Cβ. To Balance on Ist April, 1896 .. .. .. .. .. 3,630 7 2 By Expenses of management— £ s. d. £ s. a. £ s. a. Commission ana charges on properties placea in the Salaries,— office .. .. .. .. .. 6,898 15 5 Head Office .. .. .. 3,772 2 6 Interest, being surplus from investments .. 939 1 5 Branch offices and agencies .. .. 1,947 4 4 Accrued and overdue interest .. .. 5,437 3 9 7 1 719 6 10 6,376 5 2 Agents'commissions .. .. .. .. 739 2 10 Eents from securities taken over .. .. .. 328 10 7 Clerical assistance .. .. .. .. .. 38 13 0 Valuation-fees .. .. .. .. .. 233 17 6 . Cost of auait .. .. .. .. ... 240 0 0 Befund of legal expenses account, West Coast Settlement Ec- Services of Agent-General's Office .. 75 0 0 serves .. .. .. .. 342 10 0 Services of General Post Office .. .. .. .. 300 0 0 Kefuna of salaries, rent, lighting, cleaning, &c, Government Legal expenses .. .. .. .. .. 503 6 0 Aavances to Settlers Office .. .. .. 198 11 7 Valuation-fees .. .. .. .. .. 294 0 0 Amount voted in respect of unauthorised expenditure for the year Travelling-expenses .. .. .. .. 341 5 4 ended 31st March, 1896 .. .. .. .. 12 11 7 Native Reserves Board members' expenses .. .. 39 10 10 Sunaries .. .. .. .. 109 10 10 General Post Office, for postages .. .. 150 0 0 14,500 12 8 Stamps, telegrams, ana petties .. .. .. 58 1 9 Printing, stationery, ana office requisites .. .. .. 379 0 6 Eent, Heaa Office .. .. .. .. 450 0 0 Kent, branch offices and agencies .. .. 254 0 0 704 0 0 Advertising .. .. .. .. .. 154 3 1 Office lighting, firing, and cleaning, Head Office and branches .. 189 11 3 Office furniture and fittings .. .. .. .. 79 15 0 Sundries .. .. .. .. .. .. .184 5 4 12,189 1 9 Land-tax .. .. .. .. .. .. 747 2 8 Stamping and registering leases .. .. .. .. 73 6 0 Deficiency on realisation of mortgage securities .. .. .. 180 7 4 Assurance and Keserve Fund .. .. .. .. .. 290 12 11 Unauthorised expenditure— Costs incurred in action, Te Pohe Mokoare v. Public Trustee ana Kegistrar-General of Liand, re certain Native reserves .. 74 6 10 Expenses incurrea in M. H. Shanks's intestate estate .. 14 16 9 ■ 89 3 7 Balance .. .. .. .. .. . .. .. 4,561 5 7 £18,130 19 10 £18,130 19 10

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PUBLIC TEUST OFFICE. De. Interest Account for the Year ended 31st March, 1897. Cβ. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Interest on mortgages .. .. .. 23,109 1 1 By Accrued interest at 31st March, 1896 .. .. .. 4,988 11 3 Add interest accrued and overdue at 31st March, Interest transferred to estates .. .. .. .. 30,926 10 9 1897 .. .. .. .. 2,621 5 8 Advances to Settlers Office, Interest on dehentures purchased 25,730 6 9 from .. .. .. .. .. .. 534 4 11 Interest on Government securities .. .. 12,781 8 0 Refunds .. .. .. .. .. .. 99 12 6 Add interest accrued at 31st March, 1897 .. 2,256 18 1 Balance transferred to Profit and Loss Account .. .. 6,376 5 2 15,038 6 1 Interest on Kaihu Valley Railway debentures .. 1,100 0 0 Add interest accrued at 31st March, 1897 .. 550 0 0 1,650 0 0 Interest on Dunedin Corporation bonds .. 35 19 0 Add interest accrued at 31st March, 1897 .. 9 0 0 , 44 19 0 Interest on current account in bank .. .. .. 326 7 0 Interest on sundries .. .. .. .. 155 5 9 £42,945 4 7 £42,945 4 7 Inteeest acceued and oveedue at 31st March, 1897, as shown above. £ s. d. On Mortgages .. .. .. .. .. .. .. 2,621 5 8 Government securities .. .. .. .. .. 2,256 18 1 Kaihu Valley Railway debentures .. .. .. .. • • 550 0 0 Dunedin Corporation bonds .. .. .. .. •• 900 £5,437 3 9 " Civil Seevice Eepoem Act, 1886." De. Statement of Account for the Year ended 31st March, 1897. Cβ. £ s. d. £ s. d. • £ s. d. £ s. d. To Balance on Ist April, 1896 .. .. .. ■■ .. 13,698 11 oBy Amounts paid on retirement from the service .. .. 850 1 0 Deductions from salaries .. .. .■ .. .3,400 0 0 Amounts paid Government Life Insurance Department under the Refund on account of J. A. Wilson .. .. .. 43 4 provisions of " The Civil Service Insurance Act, 1893" .. 39 7 3 Interest added to account .. .. .. .. 534 7 7 88 9 8 3 . 3,938 10 11 Balance carried forward .. ... ...• .. 16,747 13 8 £17,637 1 11 £17,637 1 11 De. Consolidated Fund Account for the Year ended 31st March, 1897. Cβ. 1897. £ s. d. £ s. d. 1897. £ s. d. £ 3. d. March 30. To Balances in the under-mentioned accounts, unclaimed March 30. By Amount paid to Public Account .. .. 4,047 0 10 for six years:— Intestates' estates.. .. .. .. 2,967 10 5 " The Rating Act, 1882" .. .. .. 125 211 " The Shipping and Seamen's Act, 1877 " .. 16 15 0 " The Bankruptcy Act, 1883" .. .. 937 12 6 F 3 £4,047 0 10 J £4,047 0 10

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Securities held by the Public Trust Office on the 31st March, 1897.

James C. Mabtin, Public Trustee. M. C. Baknbtt, Accountant. Examined and found correct. — J. K. Wakbubton, Controller and Auditor-General. Approximate Coat, of Paper. —Preparation, not given ; printing (1,735 copies), £5 lls.

By Authority : John Mackay, Government Printer, Wellington.—lB97. Price 6d.]

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fomina] lue. , !osi 'rice. New Zealand Treasury bill No. 42 (part) " Consolidated Stock Act, 1884," debentures Nos. 835, 920, and 921 " Consolidated Stock Act, 1884," debenture No. 998 .. " Consolidated Stock Act, 1884," debenture No. 1000 (part) ■'Consolidated Stock Act, 1884," debenture No. 1001 (part) " Lands Improvement and Native Lands Acquisition Act, 1894," debentures Nos. 270 to 284 " Lands Improvement and Native Lands Acquisition Act, 1894," debentures Nos. 389 to 408 and Nos. 439 to 453 " Land for Settlements Act, 1894," debenture No. 6 .. " Land for Settlements Act, 1894," debenture No. 163 " New Zealand Consols Act, 1894," Consols, inscription Nos. 41 and 49 " Immigration and Public Works Loan Act, 1870," debentures Nos. 4 to 11, and Nos. 1921 to 1925 " General Purposes Loan Act, 1873," debentures Nos. 32 to 35, and certificate No. 74 .. .. ... Kaihu Valley Bailway Company (Limited), debentures Nos. 6 to 27 " Dunedin Waterworks Loan Act, 1874," debentures Nos. 1032, 1033, 1044, 1074, 1075, 1137, and 1143 "Borough of South Invercargill, debentures Nos. 11 to 20 * Borough of Masterton Gasworks Loan, debentures Nos. 1 and 2 * Wellington Gas Company (Limited), shares certificate 'National Mortgage and Agency Company of New Zealand (Limited), shares certificate 'New Zealand Loan and Mercantile Agency Company (Limited), shares certificate 'Kaitangata Railway and Coal Company (Limited), shares certificate * South British Fire and Marine Insurance Company of New Zealand, shares certificate 'National Bank of New Zealand (Limited), shares certificate •Colonial Bank of New Zealand, shares certificate •Bank of New Zealand, shares certificate Mortgages £ s. a. 192,400 0 0 20,400 0 0 11,000 0 0 10,000 0 0 10,000 0 0 £ s. d. 192,400 0 0 20,400 0 0 11,000 0 0 10,000 0 0 10,000 0 0 15,000 0 0 15,000 0 0 35,000 0 0 5,000 0 0 5,000 0 0 25,000 0 0 35,000 0 0 5,000 0 0 5,000 0 0 •25,000 0 0 1,300 0 0 1,172 0 0 1,200 0 0 22,000 0 0 1,036 0 0 23,100 0 0 600 0 0 1,000 0 0 200 0 0 300 0 0 639 0 0 1,000 0 0 200 0 0 300 0 0 364 0 0 481 0 0 450 0 0 364 0 0 407 0 0 450 0 0 23 0 0 747 10 0 1,294 10 0 234 19 0 482,206 8 i 23 0 0 747 10 0 1,294 10 0 234 19 0 482,206 8 4 Total £841 ,201 7 4 £841,974 7 4 ■' : Investments of former Trustees.