New Zealand Gazette – 1959 – No. 11

Page 222

✨ Financial Statements and Audit

222

THE NEW ZEALAND GAZETTE No. 11

SUMMARY of CASH and IMPREST BALANCES at 31 DECEMBER 1958

ACCOUNT	CASH	IMPRESTS	TOTAL
CONSOLIDATED FUND	Dr.17,229,396 9 2	15,840,197 10 6	Dr. 1,389,198 18 8
DEPOSITS ACCOUNT	2,159,583 6 6	96,985 19 2	2,256,569 5 8
DEFENCE FUND	219,845 7 2	..	219,845 7 2
EARTHQUAKE AND WAR DAMAGE FUND	378,651 4 10	..	378,651 4 10
ELECTRIC SUPPLY ACCOUNT	502,529 6 4	211,342 3 1	713,871 9 5
LAND SETTLEMENT ACCOUNT	227,296 17 7	572,606 1 10	799,902 19 5
LOANS REDEMPTION ACCOUNT	15,235,422 8 7	..	15,235,422 8 7
NATIONAL DEVELOPMENT LOANS ACCOUNT	15,934,668 11 0	..	15,934,668 11 0
NATIONAL ROADS FUND	3,916,716 5 0	..	3,916,716 5 0
PUBLIC WORKS ACCOUNT	47,230 3 11	203,145 0 10	250,375 4 9
RESERVE FUND	1,344 14 2	..	1,344 14 2
SOCIAL SECURITY FUND	1,746,811 2 0	6,637,216 14 3	8,384,027 16 3
STATE COAL MINES ACCOUNT	75,285 17 4	718,484 5 0	793,770 2 4
SUSPENSE ACCOUNT	15,446,559 15 7	..	15,446,559 15 7
WORKING RAILWAYS ACCOUNT	1,013,117 16 2	2,776,444 13 10	3,789,562 10 0
PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT	Dr.41,942,515 0 0	..	Dr. 41,942,515 0 0
Totals	Dr.£2,266,848 13 0	£27,056,422 8 6	£24,789,573 15 6

SUMMARY of INVESTMENTS held at 31 DECEMBER 1958

ACCOUNT	IN NEW ZEALAND	OVERSEAS	TOTAL INVESTMENTS
DEPOSITS ACCOUNT	5,856,430 0 0	788,315 2 0	6,644,745 2 0
DEFENCE FUND	3,600,000 0 0	20,031,443 8 11	23,631,443 8 11
EARTHQUAKE AND WAR DAMAGE FUND	15,300,570 0 0	3,194,900 0 0	18,495,470 0 0
LOANS REDEMPTION ACCOUNT	10,059,500 0 0	2,147,804 17 8	12,207,304 17 8
RESERVE FUND	..	3,305,900 0 0	3,305,900 0 0
WORKING RAILWAYS ACCOUNT	3,035,476 4 1	..	3,035,476 4 1
PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT	41,942,515 0 0	..	41,942,515 0 0
Totals	£79,794,491 4 1	£29,468,363 8 7	£109,262,854 12 8

E. L. GREENSMITH,
Secretary to the Treasury.
5 February 1959.

N. R. DAVIS,
Finance Officer, Treasury.
5 February 1959.

The Audit Office, having made such examination as was considered necessary, certifies that in its opinion these accounts are correct, subject to the exception that it has not been possible to make an accurate apportionment of PAYE collections as between the Consolidated Fund and the Social Security Fund.

Legislation to clarify this was recommended on p. 32 of the 1958 Audit Office report to Parliament, and section 28 of the Social Security Amendment Act 1958 provides that from 1 April 1959 this revenue will be payable into the Consolidated Fund. The money required for the purposes of the Social Security Fund will then be transferred under an appropriation by Parliament from the Consolidated Fund to the Social Security Fund.

Attention is drawn to the £15,446,559 15s. 7d. unallocated receipts in Suspense Account included in the Cash Balances above. This item stands at an abnormally high level, and the revenue headings, particularly in the Consolidated Fund and Social Security Fund, are shown at a lower figure than would have been the case if these moneys had been cleared to their appropriate accounts.

C. J. ATKIN,
Controller and Auditor-General.
13 February 1959.

NOTE.—This certificate is given subject to the final audit of many vouchers which cannot be completely audited before the date at which these accounts are required by the Public Revenues Act 1953 to be certified.

BY AUTHORITY: R. E. OWEN, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1959

Price 6d.

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VUW Te Waharoa — NZ Gazette 1959, No 11

NZLII — NZ Gazette 1959, No 11

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💰 Summary of Cash and Imprest Balances at 31 December 1958

Domain💰 Finance & Revenue
KeywordsFinancial Statement, Cash Balances, Imprest Balances, Government Accounts
👩‍💼 Officials

E. L. Greensmith, Secretary to the Treasury
N. R. Davis, Finance Officer, Treasury

💰 Summary of Investments Held at 31 December 1958

Domain💰 Finance & Revenue
KeywordsFinancial Statement, Investments, Government Investments, Overseas Investments
👩‍💼 Officials

E. L. Greensmith, Secretary to the Treasury
N. R. Davis, Finance Officer, Treasury

💰 Audit Certificate on Government Accounts

Domain💰 Finance & Revenue
Dated13 February 1959
KeywordsAudit Report, Financial Accounts, PAYE Collections, Social Security Fund, Consolidated Fund, Public Revenues Act 1953
👩‍💼 Officials

C. J. Atkin, Controller and Auditor-General

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