New Zealand Gazette – 1934 – No. 41

Page 1707

✨ Financial Statements and Audit



JUNE 1.] THE NEW ZEALAND GAZETTE. 1707

Year ended 31st MARCH, 1934, compared with the Year ended 31st MARCH, 1933—continued.

INVESTMENT ACCOUNT.

YEAR ENDED 31ST MARCH, 1933. EXPENDITURE. YEAR ENDED 31ST MARCH, 1934.
£ s. d. Dr.1,043,000 0 0 Balance at end of Year,— Cash .. .. .. .. .. Dr.19,379,000 0 9 £ s. d.
1,043,000 0 0 Investment Account— Securities held .. .. .. .. .. 19,379,000 0 0 £ s. d.
Totals .. .. .. .. .. .. .. ..

A. D. PARK,
Secretary to the Treasury.

G. C. RODDA,
Assistant Secretary to the Treasury.

The Treasury, Wellington,
30th May, 1934.

The foregoing accounts have been examined and found correct with the following exceptions: (1) The credit balances amounting to £19,882,839 19s. 7d. shown as “Cash” in the various accounts which constitute the Public Account are overstated by an aggregate amount of £19,379,000. The latter amount represents sums paid from the Public Account by way of investment and was not held as cash in the Public Account; (2) the total balances shown in the various accounts amounting to £24,144,831 13s. 3d. are overstated, owing to transfers made between accounts by way of investment having been used to increase the total balance of the borrowing account without decreasing the total balance of the lending account. Note.—This certificate is given subject to the final audit of certain vouchers which, owing to the post-audit system provided for by the Public Revenues Act, 1926, cannot be completely audited before the date at which the abstract is required by the Act to be certified.

G. F. C. CAMPBELL,
Controller and Auditor-General, 31st May, 1934.

TREASURY NOTE.

  1. The cash balances totalling £19,882,839 19s. 7d. referred to in the above audit certificate are made up as follows:—

Cash in current account .. .. .. £ s. d.
503,839 19 7
Cash on fixed deposit .. .. .. 19,379,000 0 0
£19,882,839 19 7

  1. As shown in the summary on next page, the total balances amounting to £24,144,831 13s. 3d. are made up as follows:—

£ s. d.
Cash .. .. .. .. .. 503,839 19 7
Imprests .. .. .. .. .. 306,961 13 2
Investments .. .. .. .. .. 23,334,030 0 6
£24,144,831 13 3

In order to keep idle cash balances down to a minimum and save interest charges the funds of one account are temporarily invested in the Government securities issued by another account. The cash balance of the lending account is decreased by the amount of the investment, but the total balance consisting of cash and investments is not affected.

A. D. PARK,
Secretary to the Treasury.



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✨ LLM interpretation of page content

💰 Statement of Receipts and Expenditure of Separate Accounts for Working Rail (continued from previous page)

💰 Finance & Revenue
Financial Statement, Working Rail, Receipts, Expenditure

💰 Investment Account for Year Ended 31st March 1934

💰 Finance & Revenue
30 May 1934
Investment Account, Financial Statement, Treasury
  • A. D. Park, Secretary to the Treasury
  • G. C. Rodda, Assistant Secretary to the Treasury

💰 Audit Certificate for Public Account

💰 Finance & Revenue
31 May 1934
Audit, Public Account, Financial Statement
  • G. F. C. Campbell, Controller and Auditor-General

💰 Treasury Note on Cash Balances and Investments

💰 Finance & Revenue
Cash Balances, Investments, Treasury Note
  • A. D. Park, Secretary to the Treasury