1716
THE NEW ZEALAND GAZETTE.
[No. 44

INVERCARGILL SAVINGS-BANK.

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

RECEIPTS.
£ s. d.
Cash in hand and at banks, 1st April, 1934 .. 95,479 5 5
Amount lodged by depositors .. 1,092,869 17 2
Interest received on mortgages .. 37,038 8 9
Interest received on fixed deposits .. 2,149 0 0
Interest received on Government Stock and Bonds .. 1,623 18 0
Interest received on Invercargill City debentures.. 278 3 0
Interest received on Southland County debentures.. 134 2 9
Interest received on Bluff Harbour Board debentures .. 42 10 0
Interest received on deposit Post Office Savings-bank .. 861 9 2
Bank premises rents .. 89 16 2
Mortgages repaid during year .. 7,225 1 11
Properties Account .. 50 0 0
Withdrawn from Post Office Savings-bank .. 54,000 0 0
Property Suspense Account .. 605 16 7
Debenture Premium Account .. 22 12 11
Property charges .. 95 9 10
Legal expenses .. 3 3 0
Insurances premiums .. 31 14 2
Exchanges, fines, and forms .. 1 10 0
£1,292,601 18 10

PAYMENTS.
£ s. d.
Invested on first mortgage during year .. 18,816 17 2
Repaid depositors .. 1,053,821 13 10
Charges Account .. 5,871 15 7
Bank Premises .. 514 3 6
Property Suspense Account .. 0 7 2
Written off .. 7,029 17 11
Debenture Premium Account .. 378 16 6
Deposited in Post Office Savings-bank .. 24,000 0 0
Purchase of Invercargill City debentures .. 1,100 0 0
Purchase of Southland County Council debentures.. 6,000 0 0
Purchase Balclutha Borough debentures .. 750 0 0
Purchase of Government Stock, 3¾ per cent. 20,000 0 0
Purchase of Government Stock, 4 per cent. .. 3,015 0 0
Endowments .. 300 0 0
Property charges .. 1,330 18 5
Legal expenses .. 22 4 9
Insurances premiums .. 25 15 1
Exchanges .. 0 5 0
Cash in hand and at banks .. 149,624 3 11
£1,292,601 18 10

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

Dr.
£ s. d.
To Interest paid during year .. 803 11 0
Interest paid, 31st March .. 21,385 12 7
Charges Account .. 5,871 15 7
Depreciation .. 857 18 0
Debenture Premium Account .. 341 9 5
Amounts written off .. 7,029 17 11
Balance .. 970 12 2
£37,260 16 8

Cr.
£ s. d.
Interest on Investments received and accrued 37,169 15 6
Bank Premises Rents Account .. 91 1 2
£37,260 16 8

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

Dr.
£ s. d.
Donation to Southland Children’s Health Camp Association .. 200 0 0
Donation to Invercargill Free Kindergarten Council .. 100 0 0
Balance .. 26,080 10 6
£26,380 10 6

Cr.
£ s. d.
At credit, 31st March, 1934 .. 25,409 18 4
Profit for year .. 970 12 2
£26,380 10 6

BALANCE-SHEET AS AT 31ST MARCH, 1935.

Liabilities.
£ s. d.
Amount at credit of depositors .. 858,157 1 4
Interest Suspense Account .. 20,000 0 0
Property Suspense Account .. 1,396 13 7
Profit and Loss Account .. 26,080 10 6
£905,634 5 5

Assets.
£ s. d. £ s. d.
Invested on first mortgage of freehold lands.. 626,872 1 10
Accrued interest .. 28,793 19 8
655,666 1 6

National Bank and Bank of New Zealand fixed deposits receipts .. 105,000 0 0
Accrued interest .. 710 3 5
105,710 3 5

National Bank and Bank of New Zealand current accounts .. 34,778 4 3
Cash at Post Office Savings-bank .. 2,000 0 0
Government Stock and Bonds .. 59,025 0 0
Accrued interest .. 780 5 4
59,805 5 4

Invercargill City Debentures 7,900 0 0
Accrued Interest .. 91 19 7
7,991 19 7

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

Southland County Council Road Loan.. 7,000 0 0
Accrued Interest .. 58 6 10
7,058 6 10

Balclutha Borough Traffic Bridge Pipe Loan 750 0 0
Bank premises .. 14,407 18 6
Less depreciation .. 720 7 0
13,687 11 6

Bank furniture .. 1,375 10 8
Less depreciation .. 137 11 0
1,237 19 8

Properties Account .. 4,847 7 5
Sundry debtors .. 1,248 11 3
Cash in hand .. 9,845 19 8
£905,634 5 5

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.

W. MACALISTER
R. H. BRODRICK
M. N. HYNDMAN
R. M. STRANG
H. F. DREWE
} Trustees.

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.)
CHAS. HANNAH, A.P.A. (N.Z.)
} Auditors.

Approved—
GALWAY, Governor-General.
21st May, 1935.
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