JUNE 14.] THE NEW ZEALAND GAZETTE. 1921

Cr.
£ s. d. £ s. d.
By Interest on loans .. 54,727 4 3
Interest on debentures .. 28,966 4 2
Interest on deposits .. 2,796 4 2 86,489 12 7
Rents .. .. .. 1,056 15 0
Fines .. .. .. 10 5 0
£87,556 12 7

APPROPRIATION ACCOUNT.
Dr.
£ s. d.
To Grant—Dunedin Free Public Library .. 1,000 0 0
University of Otago .. .. 1,000 0 0
Transfer to Retiring Officers’ Benefit Fund 500 0 0
Balance .. .. .. 76,013 2 8
£78,513 2 8

Cr.
£ s. d.
By Balance, 1st April, 1928 .. 67,207 16 7
Transfer from Profit and Loss Account .. 11,305 6 1
£78,513 2 8

BALANCE-SHEET AS AT 31ST MARCH, 1928.
Liabilities.
Amount at credit of 19,548 £ s. d. £ s. d.
depositors—
14,225, Head Office ..1,074,303 2 11
3,307, South Dunedin
Branch .. .. 317,555 13 4
2,016, North Dunedin
Branch .. .. 188,535 17 3
1,580,394 13 6
Retiring Officers’ Benefit Fund .. .. 500 0 0
Promised Benefactions Account .. .. 1,000 0 0
Property Suspense Account .. .. 2,998 9 5
Debenture Premium Account .. .. 1,882 6 2
Suspense Account .. .. 10 0 0
Profit and Loss Appropriation Account .. 76,013 2 8
£1,662,798 11 9

Assets.
£ s. d. £ s. d.
Loans on mortgage .. 970,355 5 3
Accrued interest .. 13,663 15 1 984,019 0 4
Rents accrued .. .. .. 280 0 0
Office furniture .. .. 1,070 18 3
Less Depreciation .. 70 18 3 1,000 0 0
Land and building .. .. .. 30,079 4 11
Debentures—
New Zealand Government 5,000 0 0
New Zealand War Bonds 53,450 0 0
Local Bodies .. .. 473,472 2 1
Accrued interest .. 6,603 14 8 538,525 16 9
Fixed deposits .. .. 16,500 0 0
Accrued interest .. 336 0 0 16,836 0 0
Cash at bank .. .. 97,487 12 11
Less outstanding cheques 5,429 3 2 92,058 9 9
£1,662,798 11 9

G. L. DENNISTON, President.
ERNEST A. ROSEVEAR, Vice-President.
C. W. CHAMBERLAIN,
DAVID LARNACH,
THOS. C. HARRISON,
JOHN H. F. HAMEL,
G. LAWRENCE,
J. B. SHACKLOCK,
} Trustees.

We, William Brown & Co., and Thos. Moodie, being the auditors of the Dunedin Savings-bank, appointed in terms of section 4 of the Saving-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 date hereof, 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 we have received from the manager a certificate to the effect that, to the best of his knowledge and belief, the terms of the Savings-banks Act, 1908, and amendments, have been complied with, excepting section 20 of the principal Act and section 44 of the Finance Act, 1921.

WILLIAM BROWN AND CO.,
THOS MOODIE,
} Auditors.

Dunedin, 23rd April, 1928.

Approved—
562 CHARLES FERGUSSON, Governor-General.

Invercargill Savings-bank.

RECEIPTS and Payments Account for the year ended 31st March, 1928:—

RECEIPTS.
£ s. d.
Cash in hand, 1st April, 1927 .. .. 53,621 10 7
Amount lodged by depositors .. .. 720,775 8 1
Interest added during the year .. .. 564 17 8
Interest added, 31st March .. .. 18,080 12 6
Interest received on mortgages .. .. 26,061 12 3
Interest received on fixed deposits.. .. 1,200 0 0
Interest received on War Loans .. .. 560 0 0
Bank Premises Rents Account .. .. 89 14 0
Mortgages repaid.. .. .. 3,070 15 0
Valuation fees .. .. .. 252 11 6
Insurance premiums .. .. .. 55 14 7
Legal expenses .. .. .. 130 12 8
Rates and Power Board charges .. .. 279 17 0
Exchanges .. .. .. 0 11 0
£829,743 16 10

PAYMENTS.
£ s. d.
Invested on first mortgage .. .. 74,870 0 0
Repaid depositors .. .. 648,880 13 6
Interest credited to depositors .. .. 18,645 10 2
Charges Account.. .. .. 3,947 0 2
Property Suspense Account .. .. 1,489 8 5
Bonus to staff .. .. .. 63 5 0
Bank premises .. .. .. 10,075 7 9
Bank furniture .. .. .. 749 2 2
Valuation fees .. .. .. 275 19 6
Insurance premiums .. .. .. 70 17 6
Legal expenses .. .. .. 152 12 5
Rates and Power Board charges .. .. 360 9 10
Exchanges .. .. .. 1 19 9
Cash in hand and at Banks .. .. 70,161 10 8
£829,743 16 10

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1928.
Dr.
£ s. d.
Interest paid during year.. .. .. 564 17 8
Interest added at 31st March .. .. 18,080 12 6
Charges Account .. .. .. 3,947 0 2
Suspense Account .. .. .. 142 12 3
Profit for the year .. .. .. 4,245 10 2
£26,980 12 9

Cr.
Interest on investments received and ac-
£ s. d.
crued .. .. .. 26,890 18 9
Bank Premises Rents Account .. .. 89 14 0
£26,980 12 9

PROFIT AND LOSS APPROPRIATION ACCOUNT.
Dr.
£ s. d.
Transfer to Property Suspense Account .. 2,000 0 0
Bonus to staff .. .. .. 63 5 0
Depreciation on furniture .. .. .. 47 8 0
Balance .. .. .. 26,789 13 10
£28,900 6 10