JUNE 7.] THE NEW ZEALAND GAZETTE. 1725

INVERCARGILL SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1934:—

RECEIPTS.
£ s. d.
Cash in hand and at banks, 1st April, 1933 .. 67,806 7 4
Amount lodged by depositors .. 972,493 14 11
Interest received on mortgages .. 29,469 14 7
Interest received on fixed deposits receipts .. 2,343 15 0
Interest received on Inscribed Stock .. 304 1 8
Interest received on Bluff Harbour Board debentures .. 44 3 4
Interest received on Southland County debentures.. 23 5 9
Interest received on Invercargill City debentures.. 150 5 0
Interest received on deposit Post Office Savings-bank .. 207 14 2
Rents .. .. 166 2 6
Mortgages repaid during year .. 7,425 1 9
Property charges .. 417 8 11
Legal expenses .. 14 13 0
Insurances .. 84 6 0
Fines and exchanges .. 1 10 0
————————
£1,080,952 3 11
================

PAYMENTS.
£ s. d.
Invested on first mortgage during year .. 15,818 5 0
Repaid depositors .. 886,191 10 1
Charges Account .. 5,353 15 6
Bank furniture .. 40 17 6
Property Suspense Account .. 0 1 4
Properties Account .. 668 13 11
Amounts written off .. 6,612 2 9
Purchase of Government Stock, 4 per cent. .. 4,910 0 0
Purchase of Government Stock, 3½ per cent. .. 25,000 0 0
Purchase of Invercargill City debentures .. 6,800 0 0
Purchase of Southland County debentures .. 1,000 0 0
Deposited in Post Office Savings-bank .. 32,000 0 0
Premium on Conversion Government Stock.. .. 83 4 9
Property charges .. 696 14 3
Legal expenses .. 201 7 1
Insurances .. 94 10 6
Exchanges .. 1 15 10
Cash in hand and at banks .. 95,479 5 5
————————
£1,080,952 3 11
================

PROFIT AND LOSS ACCOUNT FOR YEAR ENDING 31ST MARCH, 1934.

Dr.
£ s. d.
To Interest paid during year .. 784 7 2
Interest paid, 31st March .. 18,951 14 9
Charges Account .. 5,353 15 6
Suspense Account .. 476 9 9
Depreciation, buildings and furniture .. 884 1 0
Amount written off .. 6,612 2 9
Balance .. 932 12 7
————————
£33,995 3 6
================

Cr.
£ s. d.
Interest on Investments received and accrued .. 33,829 1 0
Bank Premises Rents Account .. 166 2 6
————————
£33,995 3 6
================

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDING 31ST MARCH, 1934.

Dr.
£ s. d.
Balance .. 25,409 18 4
————————
£25,409 18 4
================

Cr.
£ s. d.
At credit, 31st March, 1933 .. 24,477 5 9
Profit for year .. 932 12 7
————————
£25,409 18 4
================

C

BALANCE-SHEET AS AT 31ST MARCH, 1934.

Liabilities.
£ s. d.
Amount at credit of depositors .. 797,228 6 6
£ s. d.
Interest Suspense Account .. 20,000 0 0
Property Suspense Account .. 791 4 2
Debenture Premium Account .. 14 14 2
Balance, Profit and Loss Appropriation Account .. 25,409 18 4
———————— ————————
46,215 16 8
————————
£843,444 3 2
================

Assets.
£ s. d. £ s. d.
Invested on first mortgage .. 615,280 6 7
Accrued interest .. 34,711 3 7
————————
649,991 10 2

National Bank and Bank of New Zealand fixed deposits receipts .. 55,000 0 0
Accrued interest .. 699 12 1
————————
55,699 12 1

National Bank and Bank of New Zealand current accounts .. 31,646 13 1
Cash at Post Office Savings-bank .. 32,000 0 0
Inscribed Stock .. 11,010 0 0
Accrued interest .. 126 14 8
————————
11,136 14 8

New Zealand Government 3½ per cent. Loan .. 25,000 0 0
Accrued Interest .. 103 4 11
————————
25,103 4 11

Invercargill City Debentures .. 6,800 0 0
Accrued Interest .. 60 7 10
————————
6,860 7 10

Bluff Harbour Board debentures .. 1,000 0 0
Accrued interest .. 6 15 0
————————
1,006 15 0

Southland County debentures .. 1,000 0 0

Bank premises .. 14,625 0 0
Less depreciation .. 731 5 0
————————
13,893 15 0

Bank furniture .. 1,528 6 8
Less depreciation .. 152 16 0
————————
1,375 10 8

Properties Account .. 4,897 7 5
Cash in hand .. 8,832 12 4
————————
£843,444 3 2
================

N. A. BRODRICK, Manager.
H. R. WILLCOX, Accountant.

We hereby certify that to the best of our knowledge and belief the above is a true and correct balance-sheet.

C. J. BROAD, President.
WILLIAM A. OTT, Deputy-President.
R. H. BRODRICK } Trustees.
W. MACALISTER /

We, Denniston Cuthbertson and Charles Hannah, being the auditors of the Invercargill 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 thereof, 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 the Manager has certified that all the requirements of the Savings-banks Act, 1908, and amendments have been complied with, with the exception of section 18, subsection (1), and section 20.

D. CUTHBERTSON, F.P.A. (N.Z.) } Auditors.
CHAS. HANNAH, A.P.A. (N.Z.) /

Approved—

BLEDISLOE, Governor-General.

24th May, 1934. 204