2230
THE NEW ZEALAND GAZETTE.
[No. 55

AUCKLAND SAVINGS-BANK.

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

RECEIPTS.
Balance as at 1st April, 1933 (cash in hand and B.N.Z.).. .. .. £ s. d.
922,629 15 4
Received from depositors .. .. 3,618,138 19 10
Interest on mortgages .. .. 154,547 15 7
Interest on debentures .. .. 127,567 15 6
Interest on fixed deposit .. .. 2,850 0 0
Interest on Bank of New Zealand Current Account .. .. .. 20,640 9 8
Mortgages repaid .. .. 70,662 1 4
Debentures repaid .. .. 2,420 10 9
Fixed deposit repaid .. .. 50,000 0 0
Rent.. .. .. 748 12 6
Charges (mortgage inspection fees) .. .. 290 2 5
Mortgage sundries .. .. 7,620 10 10
Premises and property .. .. 80 0 0
Home safes .. .. 209 12 6
Securities realization .. .. 4,628 7 3

£4,983,034 13 6

PAYMENTS.
Repaid depositors .. .. .. £ s. d.
3,635,072 14 11
Provident Fund payments .. .. 64 0 0
Advanced on mortgage .. .. 77,197 3 1
Advanced on debentures .. .. 240,400 0 0
Advanced on fixed deposit .. .. 100,000 0 0
Charges .. .. 29,425 5 8
Income-tax certificate .. .. 11,030 1 8
Debenture interest tax .. .. 2,505 3 5
Premises and property .. .. 542 0 9
Furniture and fittings .. .. 241 1 8
Rent .. .. 20 0 0
Donations .. .. 12,550 0 0
Mortgage sundries .. .. 15,272 10 11
Home safes .. .. 748 9 6
Securities realization .. .. 5,733 16 11
Balance, Current Account, Bank of New Zealand £ s. d.
814,248 18 0
Balance, cash in hand .. 37,983 7 0

852,232 5 0

£4,983.034 13 6

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1934.
Dr.
To Interest added on depositors’ accounts and Provident Fund .. .. £ s. d.
199,226 17 5
Balance—Gross profit .. .. 120,945 15 11

£320,172 13 4

Cr.
By Interest on mortgages 156,334 7 1
Interest on debentures and Treasury bills .. 139,454 1 10
Interest on fixed deposit 3,034 2 3
Interest on Bank of New Zealand Current Account .. .. 20,640 9 8

319,463 0 10
Rent .. .. .. 709 12 6

£320,172 13 4

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1934.
Dr.
To Charges and administration expenses .. £ s. d.
32.985 9 0
Donation .. .. .. 200 0 0
Bad and doubtful debts (written off) .. 23,116 3 2
Depreciation on premises, furniture, and home safes (written off) .. 8,951 11 11
Balance, Appropriation Account .. 55,692 11 10

£120,945 15 11

Cr.
By Gross profit .. .. .. £ s. d.
120,945 15 11

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1934.
Dr.
To Transfer to reserve for income-tax and contingencies .. .. .. £ s. d.
21,000 0 0
Transfer to Reserve and Investment Fluctuation Account .. .. 30,000 0 0
Balance forward .. .. 6,724 12 7

£57,724 12 7

Cr.
By Balance, 1st April, 1933 .. .. £ s. d.
1,937 4 2
Transferred Debenture Interest Tax Reserve Account .. .. 94 16 7
Balance Profit and Loss Account .. 55,692 11 10

£57.724 12 7

By Balance carried forward .. .. £6,724 12 7

BALANCE-SHEET AS AT 31ST MARCH, 1934.

Liabilities.
Amount at credit of depositors—
Savings-bank Department .. .. £ s. d.
7,049,625 11 11
Thrift Clubs Department 23,124 2 5
Penny Bank Department 15,228 9 3
Schools Banks Department .. .. 15,818 8 1

7,103,796 11 8
Deposit fees on Home Safes Account .. 385 12 6
Staff Provident Fund Account .. .. 31,092 11 6
Reserve and Investment Fluctuation Account .. .. .. 750,000 0 0
Reserve for income-tax and contingent liabilities .. .. .. 25,861 0 4
Profit and Loss Appropriation Account .. 6,724 12 7

£7,917.860 8 7

Assets.
£ s. d. £ s. d.
First mortgages .. 3,297,969 15 0
Interest and sundries due and accrued (net) .. 29,941 4 8

3,327,910 19 8
Debentures at cost—
New Zealand Government Inscribed Stock 2,170,161 4 0
Local bodies’ debentures .. .. 1,213,689 5 7

3,383,850 9 7
Interest accrued .. .. 36,767 12 6

3,420,618 2 1
Rent accrued due .. .. .. 18 0 0
Securities in course of realization (net) .. 33,557 18 10
£ s. d.
Premises and property .. 80,000 0 0
Furniture and fittings .. 2,000 0 0
Home safes .. .. 500 0 0

82,500 0 0
Fixed deposit with Bank of New Zealand .. 100,000 0 0
Interest accrued .. .. 756 0 7

100,756 0 7
Short-term deposits—
New Zealand Government Treasury bills .. 100,000 0 0
Interest accrued .. .. 267 2 5

100,267 2 5
Cash in hand and with Bank of New Zealand (Current Account) .. .. .. 852,232 5 0

£7,917,860 8 7

T. N. SMALLWOOD, Manager.
F. E. SUTHERLAND, Accountant.

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

H. E. VAILE, Deputy-President.

E. A. BROWN,
G. W. SANDERS,
ALEXR. HARRIS,
O. NICHOLSON,
E. ANDERSON,
A. J. ENTRICAN,
R. E. ISAACS,
J. TREVETHICK,
JOHN ALEXANDER,

} 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, 1934, 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, 1934. (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 18, 20, and 50 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.
13th July, 1934.
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