1920

**THE NEW ZEALAND GAZETTE.**

[No. 48

Cr.
By Balance 1st April, 1927 20,055 0 7
Less donations paid .. 17,750 0 0

By Net profit for year ended 31st March, 1928 66,108 2 1
£68,413 2 8

BALANCE-SHEET AS AT 31ST MARCH, 1928.

Assets.
First mortgages on freehold land .. 2,579,392 0 0
Interest accrued due .. .. 26,127 14 5
Investments at cost—
New Zealand Government Inscribed Stock 1,274,736 0 0
Local Bodies' debentures—
Auckland Harbour Board .. 219,900 0 0
Auckland City Council .. 388,680 0 0
Waitemata County Council .. 26,300 0 0
Mount Eden Borough Council .. 87,836 0 0
Onehunga Borough Council .. 36,500 0 0
Mount Albert Borough Council .. 48,000 0 0
Pakuranga Road Board .. 700 0 0
Ellerslie Town Board .. 5,000 0 0
Whakatane Borough Council .. 16,500 0 0
Manukau County Council .. 9,900 0 0
Hamilton Borough Council .. 25,000 0 0
Whangarei County Council .. 26,000 0 0
Devonport Borough Council .. 17,500 0 0
One Tree Hill Road Board .. 12,800 0 0
Interest accrued on debentures to 31st March, 1928 .. .. .. 20,298 18 0
Rent accrued due .. .. .. 381 5 0
Securities in course of realization .. £ s. d. 27,153 18 4
Less reserve .. .. 10,000 0 0
Premises and property .. 70,000 0 0
Furniture and fittings .. 6,000 0 0
Fixed deposit—Bank of New Zealand .. 100,000 0 0
Interest accrued .. .. 1,243 11 4
Cash—Bank of New Zealand (working account) .. 613,661 16 2
Cash in hand .. .. 29,291 18 6
£5,658,903 1 9

Liabilities.
Amount at credit of depositors—
Savings-bank Ordinary Department .. 5,106,956 2 11
Thrift Clubs Department 7,861 0 4
Penny Bank Department 20,704 14 1
Schools Banks Department 9,272 4 8
5,144,794 2 0
Staff Provident Fund .. 7,920 1 1
Reserve and Investment Fluctuation Account .. 500,000 0 0
Profit and Loss Appropriation Account .. 6,188 18 8
£5,658,903 1 9
Contingent liabilities on contracts (approximate): Head Office .. 80 0 0
Three lamps branch .. 2,420 0 0
£2,500 0 0

We hereby certify that, to the best of our belief, the above balance-sheet is correct.
CLEM. BARTLEY, Manager.
T. N. SMALLWOOD, Accountant.
C. ANDERSON, President.
ALFRED S. BANKART, Vice-president.
N. ALFRED NATHAN,
E. MITCHELSON,
H. GILFILLAN,
J. H. UPTON,
JOHN JENKIN,
R. E. ISAACS,
ALEXDR. HARRIS,
JOHN ALEXANDER,
E. A. BROWN,
GEO. W. SANDERS,
A. J. ENTRICAN,
Trustees.

We, the undersigned, being the auditors of the Auckland Savings-bank appointed in terms of section 4 of the

Savings-banks Amendment Act, 1923, 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 31st March, 1928, 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 31st March, 1928.
(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.
W. WALLACE BRUCE, F.I.A. (N.Z.), | Auditors.
F. C. BUDDLE, A.P.A. (N.Z.),

Approved—
CHARLES FERGUSSON, Governor-General.
560

Dunedin Savings-bank.
RECEIPTS and Payments Account for the year ended 31st March, 1928:

RECEIPTS.
To Balance as at 1st April, 1928 .. 76,790 17 11
Lodged by depositors—
Head Office .. 588,196 3 3
South Dunedin Branch 159,783 7 4
North Dunedin Branch 108,754 19 2
£56,734 9 9
Interest on loans .. 54,033 7 8
Insurance premiums .. 397 9 10
Loans repaid.. 54,166 11 7
Debenture interest .. 27,966 3 9
Rents .. 1,220 14 2
Debenture .. 500 0 0
Building .. 852 10 0
Valuation fees .. 52 10 0
Fines .. 10 5 0
Charges .. 39 6 5
Bank interest .. 2,786 19 0
Suspense .. 50 0 0
£1,075,601 5 1

PAYMENTS.
By Withdrawals by depositors—
Head Office 548,059 19 11
South Dunedin Branch 123,112 4 2
North Dunedin Branch 73,242 3 3
744,414 7 4
Charges .. 4,714 0 5
Insurance premiums .. 398 12 10
Loans granted .. 152,615 5 5
Valuation fees .. 52 10 0
Trustees' fees.. 176 0 0
Office Furniture .. 724 5 3
Property Suspense .. 14 1 8
Debentures .. 71,997 15 0
Debenture interest .. 120 13 11
Building .. 6,213 14 4
Tenants .. 101 9 2
Grant—Dunedin Free Public Library .. 1,000 0 0
University of Otago .. 1,000 0 0
Balance .. 92,058 9 9
£1,075,601 5 1

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1928.
Dr.
To Interest credited to depositors—
Head Office .. 46,124 4 8
South Dunedin Branch 13,356 16 10
North Dunedin Branch 7,811 2 9
67,292 4 3
Charges, including rent of office, salaries, trustees' fees, and branch charges .. 4,888 4 0
Depreciation—Office Furniture.. 70 18 3
Transfer to Property Suspense Account .. 4,000 0 0
Balance transferred to Appropriation Account .. 11,305 6 1
£87,556 12 7