1724
THE NEW ZEALAND GAZETTE.
[No. 42

DUNEDIN SAVINGS-BANK.

STATEMENT of Receipts and Payments for Twelve Months ended 31st March, 1934:—

RECEIPTS.

£ s. d.
Balance, 1st April, 1933 61,658 15 3

Ledged by depositors—
Head Office 664,945 13 3
South Dunedin Branch 97,578 0 0
North Dunedin Branch 57,816 19 5
820,040 12 8

Debentures 16,521 14 10
Debenture interest 37,982 0 9
Fines 14 10 0
Charges 0 19 0
Premiums on debentures 90 13 1
Rents 755 17 7
Bank interest 3,792 6 9
Loans repaid 28,608 9 4
Interest on loans 56,719 9 3
Valuation fees 33 2 6
£1,026,218 11 0

£ s. d.
Balance, 1st April, 1934 53,382 16 1

PAYMENTS.

Withdrawn by depositors—
Head Office 646,805 5 1
South Dunedin Branch 120,758 4 11
North Dunedin Branch 77,914 4 10
845,477 14 10

Debentures purchased 61,175 5 0
Debenture interest 13 15 0
Debenture interest stamp duty 100 5 0
Grants 575 0 0
Charges 8,027 13 6
Buildings 982 3 2
Loans granted 56,201 6 5
Valuation fees 33 12 0
Trustees fees 249 0 0
Balance 53,382 16 1
£1,026,218 11 0

PROFIT AND LOSS ACCOUNT FOR TWELVE MONTHS ENDED 31ST MARCH, 1934.

Dr.

To Interest credited to depositors—
Head Office 40,458 14 1
South Dunedin Branch 13,162 6 8
North Dunedin Branch 9,061 14 1
62,682 14 10

Charges, including salaries, trustees’ fees, branch charges, &c. 6,374 4 9

Depreciation—
Office furniture 100 0 0
Buildings 1,982 3 2
Bad debts 19 17 5
Income-tax 1,902 0 9
Transfer to provision for losses on loans on mortgage 1,244 8 9
Balance transferred to Appropriation Account 24,309 10 9
£98,608 19 11

Cr.

By Interest on loans 55,527 12 9
Interest on deposits 3,397 8 0
Interest on debentures 38,983 11 7
97,888 12 4

Rents 703 17 7
Fines 14 10 0
£98,608 19 11

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1934.

Dr.

To Grants—Relief of Distress—
Dunedin Methodist Central Mission 50 0 0
Dunedin City—Mayor’s Relief Organization 200 0 0
Otago Hospital Board 50 0 0
Salvation Army 50 0 0
St. Kilda Borough Mayoral Relief Depot 15 0 0
Green Island Borough Mayoral Relief Depot 10 0 0
Otago Hospital Board—Children’s Camp 100 0 0
Methodist Central Mission—Children’s Camp 100 0 0

Transfers to Retiring Officers’ Benefit Fund 1,000 0 0
Balance 148,034 6 8
£149,609 6 8

Cr.

By Balance, 1st April, 1933 125,305 15 11
Transfer from Profit and Loss Account 24,303 10 9
£149,609 6 8

£ s. d.
By Balance, 1st April, 1934 148,034 6 8

BALANCE-SHEET AS AT 31ST MARCH, 1934.

Liabilities.

Amount at credit of 31,981 depositors—
£ s. d. £ s. d.
23,250, Head Office 1,433,784 14 3
5,439, South Dunedin Branch 450,370 1 10
3,262, North Dunedin Branch 307,135 7 3 2,191,290 3 4
Retiring Officers’ Benefit Fund 7,000 0 0
Provision against losses on loans on mortgage 10,000 0 0
Debenture Premium Account 9,568 16 7
Profit and Loss Appropriation Account 148,034 6 8
£2,365,893 6 7

Assets.

£ s. d. £ s. d.
Office furniture 2,000 0 0
Less depreciation 100 0 0 1,900 0 0

Land and buildings 30,982 3 2
Less depreciation 1,982 3 2 29,000 0 0

Rents accrued 200 0 0
Valuation fees 9 9 0

Loans on mortgage 1,302,671 13 8
Accrued interest 12,790 7 8 1,315,462 1 4

Debentures—
New Zealand Government 106,343 0 0
New Zealand War Bonds 147,295 0 0
Local Bodies 651,382 8 10
Accrued interest 9,650 12 6 914,671 1 4

Fixed deposits 50,009 0 0
Accrued interest 1,267 18 10 51,267 18 10

Cash at bank 53,382 16 1
£2,365,893 6 7

JAS. QUAILE, Manager.
A. THOMAS, Accountant.

J. B. SHACKLOCK, President.
THOS. E. HARRISON, Deputy-President.

G. L. DENNISTON,
JOHN H. F. HAMEL,
H. F. MOLLER,
JAS. W. DOVE,
H. B. HART,
} Trustees.

We, William Brown and Co., and Jas. Brown and Co., 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 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.

WILLIAM BROWN AND CO.,
JAS. BROWN AND CO.,
} Auditors.

Dunedin, 19th April, 1934.

Approved—

BLEDISLOE, Governor-General.

24th May, 1934.

202