Aug. 14.] THE NEW ZEALAND GAZETTE. 2011

Invercargill Savings-bank.

RECEIPTS and Payments of the Invercargill Savings-bank for the year ended 31st March, 1924:—

RECEIPTS.
£ s. d.
Cash on hand, 1st April, 1923 .. .. 36,696 7 1
Amount lodged by depositors .. .. 364,681 2 1
Interest added during the year .. .. 203 1 3
Interest added, 31st March, 1923 .. .. 8,753 5 1
Interest received on mortgages .. .. 11,183 8 5
Interest received on War Loans .. .. 560 0 0
Interest received on deposits .. .. 990 0 0
Suspense account .. .. 34 19 9
Mortgages repaid.. .. .. 6,000 0 0
————————
£429,102 3 8
=========

PAYMENTS.
£ s. d.
Invested on mortgage .. .. 41,300 0 0
Repaid depositors .. .. 313,839 16 7
Interest credited to depositors .. .. 8,956 6 4
Current account, National Bank and Bank of
New Zealand .. .. 36,433 12 6
Deposit account, National Bank .. .. 22,000 0 0
Charges account .. .. .. 1,906 19 3
Rates (Waikaia) .. .. .. 0 4 3
Cash in hand .. .. 4,665 4 9
————————
£429,102 3 8
=========

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1924.

Dr.
£ s. d.
To Interest credited to depositors .. .. 8,956 6 4
Charges Account .. .. 1,906 19 3
Rates (Waikaia) .. .. 0 4 3
Balance .. .. 17,403 12 0
————————
£28,267 1 10
=========

Cr.
£ s. d.
By Balance 1st April, 1923 .. .. 15,045 14 4
Interest received and accrued.. .. .. 13,186 7 9
Suspense Account .. .. 34 19 9
————————
28,267 1 10
=========

Balance .. .. .. £17,403 12 0

BALANCE-SHEET AS AT 31ST MARCH, 1924.

Assets.
£ s. d.
Invested in New Zealand Government War
Loans .. .. 12,000 0 0
Accrued interest .. .. 191 16 0
Invested on first mortgage of freehold lands.. .. 201,738 0 0
Accrued interest .. .. 2,693 10 11
Current account, National Bank of New
Zealand (Limited) .. .. 30,110 14 2
Current account, Bank of New Zealand .. .. 6,322 18 4
Deposit account, National Bank .. .. 22,000 0 0
Accrued interest .. .. 278 17 4
Bank furniture .. .. 198 9 10
Cash in hand .. .. 4,665 4 9
————————
£280,199 11 4
=========

Liabilities.
£ s. d.
Amount at credit of depositors .. .. 262,795 19 4
Balance .. .. .. 17,403 12 0
————————
£280,199 11 4
=========

J. A. BRODRICK, Manager.
H. R. WILLCOX, Accountant.

We 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, 1924.

P. L. GILKISON, President.
C. J. BROAD, Deputy-President.

WILLIAM A. OTT,
ADAM HAMILTON,
JOHN MATHESON,
W. MACALISTER,
R. H. BRODRICK,

We, Cuthbertson & Webb and Charles E. Hannah, being the auditors of the Invercargill Savings-bank, appointed in terms of section 4 of the Savings-banks Amendment Act,

hereby certify—(1.) That we are satisfied that the foregoing balance-sheet has been properly drawn up from the books, accounts, and vouchers of the Savings-bank so as to exhibit a true and correct view of the state of the Savings-bank’s affairs as at the date thereof, in accordance with the requirements of the Savings-banks Amendment Act, 1923. (2.) That we have verified the cash, investments, securities, and assets of the Savings-bank as at the date of the balance-sheet. (3.) That we have obtained all the information and explanations we have required. (4.) That the manager has certified that all the requirements of the Savings-banks Act, 1908, and amendments have been complied with, with the exception of section 18 (subsection 1) and section 20.

CUTHBERTSON & WEBB, F.P.A. (N.Z.),
CHAS. E. HANNAH, A.P.A. (N.Z.),

Auditors.

789

New Plymouth Savings-bank.

RECEIPTS and Payments of the New Plymouth Savings-bank for the year ended 31st March, 1924:—

RECEIPTS.
£ s. d.
Bank and cash balances, 31st March, 1923 .. .. 2,063 18 7
Post Office Savings-bank .. .. 11,295 17 7
Deposits received .. .. 109,301 2 9
Interest credited to depositors .. .. 4,778 9 2
Mortgages paid off .. .. 7,610 0 0
Interest on mortgages .. .. 7,344 0 2
Rents received .. .. 310 16 9
————————
£142,704 5 0
=========

PAYMENTS.
£ s. d.
Bank and cash balances, 31st March, 1924 .. .. 2,112 8 9
Post Office Savings-bank balance .. .. 11,316 6 7
Depositors’ withdrawals .. .. 91,459 9 4
Interest credited to depositors .. .. 4,778 9 2
Loans advanced on mortgage .. .. 19,850 0 0
Borough Debentures .. .. 5,000 0 0
Office furniture .. .. 11 5 0
Office stationery .. .. 42 13 5
Management expenses .. .. 1,091 12 5
Payments on account of property purchased,
including rates and repairs .. .. 7,034 18 5
Refund of interest .. .. 3 10 0
Insurance premiums advanced .. .. 3 11 11
————————
£142,704 5 0
=========

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1924.

Dr.
£ s. d.
To Interest credited to depositors .. .. 4,778 9 2
Management expenses—
Salaries and audit fee .. .. 714 5 0
Trustees’ fees .. .. 78 0 0
Stationery .. .. 63 8 1
General expenses.. .. .. 299 7 5
————————
1,155 0 6
Depreciation written off .. .. 95 11 7
Balance brought down.. .. .. 10,108 1 1
————————
£16,137 2 4
=========

Cr.
£ s. d.
By Balance 1/4/23 .. .. 8,412 8 7
Interest received and accrued .. .. 7,652 2 2
Profit from property, Working Account .. .. .. 72 11 7
————————
£16,137 2 4
=========

Balance .. .. .. £10,108 1 1

BALANCE-SHEET AS AT 31ST MARCH, 1924.

Assets.
£ s. d.
Cash in hand .. .. 631 4 0
Cash at Bank of New Zealand (current account) .. .. 1,481 4 9
Cash at Post Office Savings-bank .. .. 11,316 6 7
Fixed deposit, Bank of New Zealand .. .. 5,000 0 0
New Zealand Inscribed Stock, 5½ per cent. .. .. 1,000 0 0
New Plymouth Borough Debentures .. .. 5,000 0 0
Land and buildings .. .. £6,910 6 3
Less depreciation written off .. .. 72 11 7
————————
6,837 14 8
Loans on first mortgage .. .. 102,750 0 0
Furniture .. .. £231 10 0
Less depreciation written off .. .. 23 0 0
————————
208 10 0