JUNE 13.] THE NEW ZEALAND GAZETTE. 1713

AUCKLAND SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1935:-

RECEIPTS.

Balance as at 1st April, 1934 (cash in hand and B.N.Z.).. £ s. d.
852,232 5 0
Received from depositors .. 3,803,597 7 3
Interest on mortgages .. 151,809 9 3
Interest on debentures .. 140,653 14 4
Interest on fixed deposit 3,200 0 0
Interest on Bank of New Zealand Current Account .. 19,345 6 3
Mortgages repaid .. 114,399 9 10
Debentures repaid .. 146,744 7 11
Rent.. 823 17 2
Charges (mortgage inspection fees) .. 483 10 6
Mortgage sundries .. 9,535 9 10
Debenture premium .. 120 0 0
Debenture sundries .. 13 12 6
Home safes .. 202 10 0
Safe custody .. 474 12 4
Bad debts recovered .. 288 1 0
Securities realization .. 7,878 2 10
£5,251,801 17 0

PAYMENTS.

Repaid depositors .. £ s. d.
3,781,691 15 5
Advanced on mortgage .. 130,692 5 8
Advanced on debentures .. 156,450 0 0
Charges .. 31,133 9 9
Income-tax certificate .. 17,346 16 11
Premises and property .. 3,754 7 3
Furniture and fittings .. 692 5 7
Rent .. 20 0 0
Donation .. 1,000 0 0
Mortgage sundries .. 15,831 6 1
Securities realization .. 5,262 2 11
Balance, Current Account, £ s. d.
Bank of New Zealand 1,073,564 10 2
Balance, cash in hand .. 34,362 17 3
1,107,927 7 5
£5,251,801 17 0

BALANCE-SHEET AS AT 31ST MARCH, 1935.

Liabilities.

Amount at credit of depositors—
Savings-bank Department £ s. d. £ s. d.
7,272,602 0 6
Thrift Clubs Department 26,754 9 5
Penny Bank Department 14,635 4 8
Schools Banks Department .. 14,814 10 2
7,328,806 4 9
Deposit fees on Home Safes Account .. 588 2 6
Staff Provident Fund Account .. 36,415 17 8
Reserve and Investment Fluctuation Account .. 785,000 0 0
Reserve for income-tax and contingencies.. 27,479 19 11
Profit and Loss Appropriation Account .. 6,199 9 6
£8,184,489 14 4

Assets.

£ s. d. £ s. d.
First mortgages .. 3,298,022 3 0
Interest and sundries due and accrued (net) .. 29,373 19 2
3,327,396 2 2
Investments at cost—
New Zealand Government Inscribed Stock 1,919,736 0 0
New Zealand Government (War Loan) .. 250,425 4 0
2,170,161 4 0
Local bodies’ debentures .. 1,323,394 17 8
3,493,556 1 8
Interest accrued .. 40,485 17 1
3,534,041 18 9
Securities in course of realization (net) £ s. d.
34,368 5 5
Premises and property .. 73,000 0 0
Furniture and fittings .. 1,750 0 0
Home safes .. 250 0 0
80,000 0 0
Fixed deposit with Bank of New Zealand .. 100,000 0 0
Interest accrued .. 756 0 7
100,756 0 7
Cash in hand and with Bank of New Zealand (Current Account) .. 1,107,927 7 5
£8,184,489 14 4

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1935.

Dr.
£ s. d.
To Interest added on depositors’ accounts and Provident Fund .. 204,740 19 8
Balance—Gross profit .. 116,243 8 1
£320,984 7 9

Cr.
£ s. d.
By Interest on mortgages 153,264 4 4
Interest on debentures 144,389 0 0
Interest on fixed deposit 3,200 0 0
Interest on Bank of New Zealand Current Account .. 19,345 6 3
320,198 10 7
Rent .. 785 17 2
£320,984 7 9

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1935.

Dr.
£ s. d.
To Charges and administration expenses .. 34,653 9 9
Realized losses (written off) £ s. d.
1,278 16 4
Bad and doubtful debts (written off) .. 19,535 18 1
20,814 14 5
Depreciation on premises, furniture, and home safes (written off) .. 6,946 12 10
Balance, Appropriation Account .. 54,604 16 11
£117,019 13 11

Cr.
£ s. d.
By Gross profit .. 116,243 8 1
Debenture brokerage fee .. 13 12 6
Safe custody fees .. 474 12 4
Bad debts recovered .. 288 1 0
£117,019 13 11

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1935.

Dr.
£ s. d. £ s. d.
To Transfer to Reserve and Investment Fluctuation Account .. 35,000 0 0
Transfer to reserve for income-tax and contingencies .. 20,250 0 0
55,250 0 0
Balance forward .. 6,199 9 6
£61,449 9 6

Cr.
£ s. d.
By Balance, 1st April, 1934 .. 6,724 12 7
Debenture premium .. 120 0 0
Balance Profit and Loss Account .. 54,604 16 11
£61,449 9 6

By Balance carried forward .. £6,199 9 6

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

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

W. A. BROWN, President.
H. E. VAILE, Deputy-President.
R. E. ISAACS,
J. TREVETHICK,
ALEXR. HARRIS,
JOHN ALEXANDER,
E. ANDERSON,
G. W. SANDERS,
A. J. ENTRICAN,
H. GILFILLAN,
}

We, the undersigned, being the auditors of the Auckland Savings-bank appointed in terms of section 4 of the Savings-banks Amendment Act, 1929, 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, 1935, 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, 1935. (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—
GALWAY, Governor-General.
14th May, 1935.

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