JUNE 8.] THE NEW ZEALAND GAZETTE. 1939

have compared the same with the books of the bank, and to the best of our knowledge and belief it contains a true and correct account of all transactions of the bank. We have also seen securities for the investments, taken out the depositors’ ledger balances, and compared the cash account with the bank pass-book.

WILLIAM BROWN AND CO.,
R. C. MOODIE,
} Auditors.

———

ASSETS AND LIABILITIES.

Assets.

£ s. d. £ s. d.
Fixed deposits .. 14,000 0 0
Accrued interest .. 293 0 0
14,293 0 0
Cash in bank .. 4,233 10 2
Less outstanding cheques 281 16 2
3,951 14 0
Debentures .. 800 0 0
Accrued interest .. 7 2 0
807 2 0
Loans on mortgage .. 128,737 0 0
Accrued interest .. 1,837 2 1
130,574 2 1
Insurance premiums owing .. 3 0 11
Rents accrued .. 24 3 4
Land and building .. 3,300 10 11
£152,953 13 3

Liabilities.

£ s. d.
Due to 2,780 depositors .. 135,127 17 8
Property Suspense Account .. 646 15 9
Debenture Premium Account (less appropriation) .. 377 6 2
Assets in excess of liabilities .. 16,801 13 8
£152,953 13 3

G. L. DENNISTON, Vice-President.
FRED. SMITH, Manager.

We have seen the securities of the above assets, and compared the depositors’ ledger balances.

WILLIAM BROWN AND CO.,
R. C. MOODIE,
} Auditors.

———

PROFIT AND LOSS ACCOUNT.

31st March, 1916—
To Interest credited to depositors .. £ s. d.
Charges, including rent of office, manager’s salary, and trustees’ fees .. 4,686 16 7
1,185 15 3
Land and building written off .. 100 0 0
Grant to Otago University .. 750 0 0
Grant to Dunedin Technical School .. 500 0 0
Balance .. 16,801 13 8
£24,024 5 6

31st March, 1915—
By Balance .. £ s. d.
16,633 1 6

31st March, 1916—
By Interest on loans .. 6,504 7 4
" deposits .. 639 3 4
" debentures .. 32 0 0
Rents .. 215 8 4
Fines .. 0 5 0
7,391 4 0
£24,024 5 6

By Balance .. £16,801 13 8

G. L. DENNISTON, Vice-President.
FRED. SMITH, Manager.

Audited and found correct.

WILLIAM BROWN AND CO.,
R. C. MOODIE,
} Auditors.

Invercargill Savings-bank Balance-sheet.

RECEIPTS and Payments of the Invercargill Savings-bank for the year ending 31st March, 1916:—

RECEIPTS.

£ s. d.
Cash on hand, 1st April, 1915 .. 16,188 2 9
Amount lodged by depositors .. 92,347 7 2
Interest added during the year .. 36 4 10
Interest added, 31st March, 1916 .. 1,675 16 10
Interest received on mortgages, &c. .. 2,442 14 9
Interest received on deposits .. 498 16 0
Mortgages repaid .. 1,300 0 0
£114,489 2 4

PAYMENTS.

£ s. d.
Repaid depositors .. 82,179 4 1
Interest credited to depositors .. 1,712 1 8
Invested on mortgage .. 3,450 0 0
Cash in National Bank of New Zealand (Ltd.) 10,699 16 4
Deposits in National Bank of New Zealand (Ltd.) .. 13,500 0 0
Deposits in Post Office Savings-bank .. 2,000 0 0
Cash in hand .. 342 8 10
Auditors’ fees, 1915 .. 21 0 0
Paid Trustees attending meetings .. 31 0 0
Office rent .. 75 0 0
Charges Account .. 400 0 0
Bank-books, deposit forms, and advertising .. 24 13 3
Stamps and stationery .. 10 0 0
Fuel and light .. 10 0 0
Office cleaning .. 15 0 0
Legal costs .. 1 1 0
Clerical assistance .. 16 5 0
Sundry expenses (rates and insurance) .. 1 12 2
£114,489 2 4

R. H. BRODRICK, Manager.

We hereby certify that we have examined the above statement of the receipts and payments of the Invercargill Savings-bank, and that to the best of our knowledge and belief it contains a true and correct statement of all the transactions of the bank during the year, and that the balance in the banks and cash in hand amounts to £26,542 5s. 2d.

LEARY, CUTHBERTSON, & WEBB,
JAS. E. HANNAH & SONS,
} Auditors.

HENRY WILSON, Vice-President.
ROBT. TAPPER,
JOHN MATHESON,
C. J. BROAD,
P. L. GILKISON,
WILLIAM A. OTT,
} Trustees.

———

ASSETS AND LIABILITIES.

Assets.

£ s. d.
To Amount invested on mortgages, &c. .. 44,159 5 6
Current account National Bank of New Zealand (Limited) .. 10,699 16 4
Deposits in Post Office Savings-bank .. 2,000 0 0
Deposits in National Bank of New Zealand (Limited) .. 13,500 0 0
Cash in hand .. 342 8 10
Bank furniture account .. 53 9 10
£70,755 0 6

To Balance .. £5,849 5 10

Liabilities.

£ s. d.
By Amount due depositors .. 64,905 14 8
Balance .. 5,849 5 10
£70,755 0 6

R. H. BRODRICK, Manager.

We do hereby certify that to the best of our knowledge and belief the above is a true and correct statement of the assets and liabilities of the Invercargill Savings-bank on the 31st March, 1916.

HENRY WILSON, Vice-President.
ROBT. TAPPER,
JOHN MATHESON,
C. J. BROAD,
P. L. GILKISON,
WILLIAM A. OTT,
} Trustees.