1732
THE NEW ZEALAND GAZETTE.
[No. 49

Auckland Savings-bank.

RECEIPTS and Payments Account for the year ended 31st March, 1932:—

RECEIPTS.

Balance as at 1st April, 1931 (cash in hand and B.N.Z.).. £ s. d.
Received from depositors .. .. .. 4,015,749 15 0
Interest on mortgages .. .. .. 171,691 19 3
Interest on debentures .. .. .. 166,220 18 11
Interest on fixed deposit .. .. .. 1,250 0 0
Interest on Bank of New Zealand Working Account .. .. .. 28,600 5 9
Mortgages repaid .. .. .. 72,433 18 4
Debentures repaid .. .. .. 25,912 7 8
Rent.. .. .. .. 774 10 0
Mortgage sundries .. .. .. 1,384 2 10
Debenture interest adjustment .. .. .. 143 3 0
Securities realization .. .. .. 1,162 5 9
————————
£5,221,034 3 11
==========

PAYMENTS.

Repaid depositors .. .. .. 3,957,207 3 11
Provident Fund payments .. .. .. 301 16 2
Advanced on mortgage .. .. .. 194,285 0 0
Advanced on debentures .. .. .. 136,894 15 0
Advanced on fixed deposit .. .. .. 50,000 0 0
Charges .. .. .. 28,789 0 4
Premises and property .. .. .. 3,296 16 4
Furniture and fittings .. .. .. 1,853 3 7
Rent .. .. .. 20 0 0
Mortgage sundries .. .. .. 1,560 6 11
Debenture interest adjustment .. .. .. 143 3 0
Securities realization .. .. .. 2,230 15 7
Balance, Working Account, £ s. d.
Bank of New Zealand 811,232 10 4
Balance, cash in hand 33,219 12 9
————————
844,452 3 1
————————
£5,221,034 3 11
==========

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1932.

Dr.

Interest added on depositors’ accounts and Provident Fund accounts .. .. £ s. d.
Transferred to Mortgage Interest Suspense Account .. .. .. 5,000 0 0
Balance—Gross profit .. .. .. 89,873 9 4
————————
£377,064 1 5
==========

Cr.

Interest on mortgages .. .. .. £ s. d.
Interest on debentures .. .. .. 166,627 7 9
Interest on fixed deposit with Bank of New Zealand 1,821 18 4
Interest on current account with Bank of New Zealand 28,600 5 9
————————
376,047 1 5
Rent .. .. .. .. .. .. 1,017 0 0
————————
£377,064 1 5
==========

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1932.

Dr.

Charges and administration .. .. .. £ s. d.
Balance—Net profit .. .. .. 54,787 1 2
————————
£89,873 9 4
==========

Cr.

Gross profit .. .. .. .. .. .. £ s. d.
89,873 9 4
==========

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1932.

Dr.

Premises (written off) .. .. .. £ s. d.
Furniture and fittings (written off) .. .. .. 1,853 3 7
Transfer to Securities Realization Reserve Account .. .. 10,000 0 0
Transfer to Reserve and Investment Fluctuation Account .. .. 40,000 0 0
————————
54,149 19 11
Balance forward .. .. .. 2,657 0 5
————————
£56,807 0 4
==========

Cr.

By Balance, 1st April, 1931 .. .. .. £ s. d.
By net profit .. .. .. 54,787 1 2
————————
£56,807 0 4
==========

By balance carried forward .. .. .. 2,657 0 5

BALANCE-SHEET AS AT 31ST MARCH, 1932.

Liabilities.

Amount at credit of depositors—
Savings-bank Ordinary Department .. .. £ s. d.
Thrift Clubs Department .. .. .. 20,633 16 1
Penny Bank Department .. .. .. 17,447 5 2
Schools Banks Department .. .. .. 16,836 13 10
————————
6,758,037 13 4
Staff Provident Fund .. .. .. 25,239 16 3
Reserve and Investment Fluctuation Account .. .. .. 700,000 0 0
Profit and Loss Appropriation Account .. .. .. 2,657 0 5
————————
£7,485,934 10 0
==========

Assets.

First mortgages on freehold property .. .. £ s. d.
Interest accrued due .. .. .. 34,154 17 7
————————
3,274,277 15 5

Debentures at cost—
New Zealand Government Inscribed Stock 1,894,686 5 0
New Zealand Government Inscribed Stock (War Loan) .. .. 200,000 0 0
Local bodies’ .. .. .. 1,104,548 2 4
Interest accrued .. .. .. 24,156 6 4
————————
3,223,390 13 8
Rent accrued due .. .. .. 518 15 0
Securities in course of realization .. .. .. 1,723 4 6
£ s. d.
Premises and property .. .. .. 86,000 0 0
Furniture and fittings .. .. .. 5,000 0 0
————————
91,000 0 0

Fixed deposit with Bank of New Zealand .. .. .. 50,000 0 0
Interest accrued .. .. .. 571 18 4
————————
50,571 18 4

Cash in hand and with Bank of New Zealand (Current Account) .. .. .. 844,452 3 1
————————
£7,485,934 10 0
==========

We hereby certify that, to the best of our belief, the above balance-sheet is correct.

T. N. SMALLWOOD, Manager.
F. E. SUTHERLAND, Accountant.
H. E. VAILE, President.
JOHN ALEXANDER, Deputy-President.

ALFRED S. BANKART,
JOHN JENKIN,
R. E. ISAACS,
E. ANDERSON,
ALEXR. HARRIS,
H. GILFILLAN,
G. W. SANDERS,
E. A. BROWN,
E. MITCHELSON,
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, 1932, 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, 1932. (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 excepting the provisions of sections 7, 18, and 20 of the principal Act, which have been observed to the extent that is practicable.

F. C. BUDDLE, A.P.A. (N.Z.),
N. A. DUTHIE, F.P.A. (N.Z.),

} Auditors.

Approved—
BLEDISLOE, Governor-General.
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