1534
THE NEW ZEALAND GAZETTE.
[No. 41

Auckland Savings-bank.

RECEIPTS and Payments Account for the year ended 31st March, 1929:—

RECEIPTS.

Balance as at 1st April, 1928 (cash in hand and B.N.Z.) .. .. .. £ 642,953 14 8
Received from depositors .. .. .. 4,207,405 15 10
Interest on mortgages .. .. .. 165,862 19 0
Interest on debentures .. .. .. 122,747 19 1
Interest on fixed deposit .. .. .. 4,850 0 0
Interest on working account with Bank of New Zealand .. .. .. 25,619 4 0
Mortgages repaid .. .. .. 118,524 14 6
Debentures repaid .. .. .. 100 0 0
Fixed deposit repaid .. .. .. 50,000 0 0
Premises and properties .. .. .. 6,027 5 0
Furniture and fittings .. .. .. 3 0 0
Rent .. .. .. 1,749 11 8
Mortgage sundries .. .. .. 251 11 9
Securities realization .. .. .. 4,202 15 8
Charges refund .. .. .. 7 2 0

£5,350,305 13 2

PAYMENTS.

Repaid depositors .. .. .. £ 3,943,631 5 10
Provident Fund .. .. .. 114 2 4
Advanced on mortgage .. .. .. 291,845 0 0
Advanced on debentures .. .. .. 292,000 0 0
Advanced on fixed deposit .. .. .. 50,000 0 0
Charges .. .. .. 24,531 3 2
Premises and property .. .. .. 14,798 0 6
Furniture and fittings, Head Office .. .. .. 1,065 0 5
Rent .. .. .. 592 0 0
Donations .. .. .. 2,000 0 0
Mortgage sundries .. .. .. 837 14 9
Mortgage interest overpaid .. .. .. 5 12 0
Debenture interest overpaid .. .. .. 165 15 0
Securities realization .. .. .. 4,008 19 4
Balance with Bank of New Zealand (working account) .. .. .. 680,059 0 10
Cash in hand .. .. .. 44,651 19 0

£5,350,305 13 2

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1929.

Dr.

Interest added on depositors’ accounts closed during the year .. .. .. £ 6,823 5 1
Interest added on depositors’ open accounts .. .. .. 230,122 4 10
Interest added on Provident Fund Accounts closed during the year .. .. .. 4 0 6
Interest added on Provident Fund open accounts .. .. .. 449 9 11
Balance—Gross profit .. .. .. 88,277 4 7

£325,676 4 11

Cr.

Interest on mortgages .. .. .. £ 169,073 11 3
Interest on debentures .. .. .. 124,575 1 10
Interest on fixed deposit with Bank of New Zealand .. .. .. 5,461 4 6
Interest on working account with Bank of New Zealand .. .. .. 25,619 4 0
Rent .. .. .. 947 3 4

£325,676 4 11

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1929.

Dr.

Charges (ordinary) .. .. .. £ 25,254 13 8
Charges (Provident Fund) .. .. .. 2,012 2 6
Balance—Net profit .. .. .. 61,010 8 5

£88,277 4 7

Cr.

Gross profit .. .. .. £88,277 4 7

APPROPRIATION ACCOUNT.

Dr.

Premises (written off) .. .. .. £ 2,770 15 6
Furniture and fittings (written off) .. .. .. 1,062 0 5
Transfer to Securities Reserve Account .. .. .. 2,000 0 0
Transfer to Reserve and Investment Fluctuation Account .. .. .. 50,000 0 0
Balance forward .. .. .. 9,366 11 2

£65,199 7 1

Cr.

By Balance 1st April, 1928 £ 6,188 18 8
Less donations paid .. 2,000 0 0
4,188 18 8
By Net profit for year ended 31st March, 1929 61,010 8 5

£65,199 7 1

BALANCE-SHEET AS AT 31ST MARCH, 1929.

Assets.

First mortgages on freehold property .. £ 2,754,782 5 6
Interest accrued due .. .. 28,691 0 10
Investments at cost—
New Zealand Government Inscribed Stock 1,524,736 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 .. .. 49,000 0 0
Pakuranga Road Board .. .. 600 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 .. .. 27,000 0 0
Devonport Borough Council .. .. 17,500 0 0
One Tree Hill Road Board .. .. 12,800 0 0
Auckland Electric-power Board .. .. 40,000 0 0
Interest accrued on debentures to 31st March, 1929 .. .. .. 22,231 15 9
Rent accrued due .. .. .. 170 16 8
Securities in course of realization .. £ 25,119 6 4
Less reserve .. .. 10,990 3 6
14,129 2 10
Premises and property .. .. .. 76,000 0 0
Furniture and fittings .. .. .. 6,000 0 0
Fixed deposit—Bank of New Zealand .. .. 100,000 0 0
Interest accrued .. .. .. 1,854 15 10
Cash — Bank of New Zealand (working account) .. .. .. 680,059 0 10
Cash in hand .. .. .. 44,651 19 0

£6,215,882 17 3

Liabilities.

Amount at credit of depositors—
Savings-bank Ordinary £ s. d. £ s. d.
Department .. 5,599,125 5 10
Thrift Clubs Department 12,692 17 11
Penny Bank Department 20,930 14 8
Schools Banks Department 12,765 3 6
5,645,514 1 11
Staff Provident Fund .. .. .. 11,002 4 2
Reserve and Investment Fluctuation Account .. .. .. 550,000 0 0
Profit and Loss Appropriation Account .. .. .. 9,366 11 2

£6,215,882 17 3

Contingent liabilities on contracts (approximate): Dominion Road branch .. £ 3,030 0 0
Symonds Street .. .. .. 3,200 0 0

£6,230 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, Deputy-president.

N. ALFRED NATHAN,
E. MITCHELSON,
H. GILFILLAN,
H. E. VAILE,
JOHN JENKIN,
ROBERT FARRELL,
ALEXDR. HARRIS,
OLIVER NICHOLSON,
E A. BROWN,
GEO. W. SANDERS,
A. J. ENTRICAN,

} Trustee.

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