May 30.] THE NEW ZEALAND GAZETTE. 1535

correct view of the state of the Savings-bank’s affairs
as at the 31st March, 1929, in accordance with the re-
quirements 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, 1929.
(3) That we have obtained all the information and explana-
tions 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.),
F. C. BUDDLE, A.P.A. (N.Z.),
Auditors.

Approved—
CHARLES FERGUSSON, Governor-General.

491

Dunedin Savings-bank.

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

RECEIPTS.
£ s. d.
To Balance as at 1st April, 1928 .. .. 92,058 9 9
Lodged by depositors— £ s. d.
Head Office .. .. 628,333 9 4
South Dunedin Branch 169,623 13 6
North Dunedin Branch 108,744 0 3 906,701 3 1

Interest on loans .. .. .. 59,531 6 11
Loans repaid.. .. .. .. 55,792 4 3
Debenture interest .. .. .. 33,006 15 11
Debenture .. .. .. .. 1,000 0 0
Bank interest .. .. .. 2,171 7 9
Valuation fees .. .. .. 83 4 0
Rents .. .. .. .. 1,257 12 2
Fines .. .. .. .. 6 10 0
£1,151,613 13 10

PAYMENTS.
By Withdrawals by depositors— £ s. d. £ s. d.
Head Office .. 599,230 8 2
South Dunedin Branch 146,873 2 6
North Dunedin Branch 82,644 11 8 828,748 2 4

Charges .. .. .. 4,794 11 9
Loans granted .. .. .. 142,782 7 2
Valuation fees .. .. .. 88 4 0
Trustees’ fees.. .. .. 255 0 0
Debentures .. .. .. 105,869 5 0
Debenture interest .. .. .. 303 1 9
Building .. .. .. 257 6 6
Rents .. .. .. 276 3 2
Property Suspense .. .. .. 32 14 7
Fixed Deposits .. .. .. 8,500 0 0
Grants—
University of Otago—Chair of Commerce 1,000 0 0
University of Otago—Museum Extension 2,000 0 0
Patients and Prisoners’ Aid Society .. 200 0 0
Otago Hospital and Charitable Aid Board 200 0 0
New Zealand Nurses Memorial Fund .. 200 0 0
Otago Early Settlers Association .. 200 0 0
Balance .. .. .. 55,906 17 7
£1,151,613 13 10

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

Dr.
To Interest credited to de- £ s. d. £ s. d.
positors—
Head Office .. .. 50,109 2 1
South Dunedin Branch 15,455 12 6
North Dunedin Branch 9,423 8 7 74,988 3 2

Charges, including salaries, trustees’ fees,
and branch charges .. .. .. 5,049 11 9
Depreciation—Office Furniture.. .. 100 0 0
Transfer to Property Suspense Account .. 4,000 0 0
Balance transferred to Appropriation
Account .. .. .. 14,662 6 5
£98,800 1 4

Cr.
£ s. d. £ s. d.
By Interest on loans .. 60,952 16 6
Interest on debentures .. 34,315 0 5
Interest on deposits .. 2,544 5 5 97,812 2 4
Rents .. .. .. 981 9 0
Fines .. .. .. 6 10 0
£98,800 1 4

APPROPRIATION ACCOUNT.
Dr.
£ s. d.
To Grants—
University of Otago—Chair of Com-
merce .. .. .. 1,000 0 0
University of Otago—Museum Extension 2,000 0 0
Patients and Prisoners’ Aid Society .. 200 0 0
Otago Hospital and Charitable Aid Board 200 0 0
New Zealand Nurses’ Memorial Fund .. 200 0 0
Otago Early Settlers Association .. 200 0 0
Transfer to Retiring Officers’ Benefit Fund 500 0 0
Suspense Account .. .. .. 40 0 0
Balance .. .. .. 86,335 9 1
£90,675 9 1

Cr.
£ s. d.
By Balance, 1st April, 1928 .. .. 76,013 2 8
Transfer from Profit and Loss Account .. 14,662 6 5
£90,675 9 1

BALANCE-SHEET AS AT 31ST MARCH, 1929.

Assets.
£ s. d. £ s. d.
Loans on mortgage .. 1,056,286 11 1
Accrued interest .. 14,781 0 3 1,071,067 11 4
Rents accrued .. .. .. 280 0 0
Office furniture .. .. 1,000 0 0
Less Depreciation .. 100 0 0 900 0 0
Land and building .. .. .. 30,336 11 5
Debentures—
New Zealand Government 5,000 0 0
New Zealand War Bonds 53,450 0 0
Local Bodies .. .. 579,276 14 1
Accrued interest .. 7,322 3 11 645,048 18 0
Fixed deposits .. .. 25,000 0 0
Accrued interest .. 708 17 8 25,708 17 8
Cash at bank .. .. 65,190 16 0
Less outstanding cheques 9,283 18 5 55,906 17 7
£1,829,248 16 0

Liabilities.
Amount at credit of 22,274 £ s. d. £ s. d.
depositors—
16,123, Head Office ..1,153,565 6 2
3,790, South Dunedin
Branch .. .. 355,761 16 10
2,361, North Dunedin
Branch .. .. 224,058 14 5 1,733,385 17 5
Retiring Officers’ Benefit Fund .. .. 1,000 0 0
Promised Benefactions Account .. .. 1,000 0 0
Property Suspense Account .. .. 5,602 13 4
Debenture Premium Account .. .. 1,924 16 2
Profit and Loss Appropriation Account .. 86,335 9 1
£1,829,248 16 0

G. L. DENNISTON, President.
ERNEST A. ROSEVEAR, Deputy-President.
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 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 date hereof, in accordance with the require-
ments 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 explana-
tions 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, 22nd April, 1929.

Approved—
CHARLES FERGUSSON, Governor-General.

492