JULY 2.] THE NEW ZEALAND GAZETTE. 1271

DUNEDIN SAVINGS BANK.

STATEMENT of Receipts and Payments for Twelve Months ended 31st March, 1936 :-

RECEIPTS.

Balance, 1st April, 1935 .. .. .. £ 138,427 1 8
Lodged by depositors—
Head Office .. .. .. £ 671,753 15 3
South Dunedin Branch .. .. 104,132 6 7
North Dunedin Branch .. .. 53,100 0 3
£828,986 2 1
Debentures repaid .. .. .. .. 45,060 18 3
Debenture interest .. .. .. .. 36,408 2 4
Fines .. .. .. .. .. .. 12 18 6
Rents .. .. .. .. .. .. 765 10 10
Bank interest .. .. .. .. 2,456 18 6
Loans repaid .. .. .. .. 48,008 15 11
Interest on loans .. .. .. .. 56,347 6 6
Premiums on debentures .. .. .. 856 11 6
Valuation fees .. .. .. .. 90 16 0
£1,157,451 2 1

Balance, 1st April, 1936 .. .. .. £ 38,286 3 9

PAYMENTS.

Withdrawn by depositors—
Head Office .. .. .. £ 656,478 17 10
South Dunedin Branch .. .. 121,593 1 2
North Dunedin Branch .. .. 69,939 10 11
£848,011 9 11
Debentures purchased .. .. .. .. 79,874 12 6
Charges .. .. .. .. .. .. 12,821 7 4
Loans granted .. .. .. .. 160,371 8 6
Valuation fees .. .. .. .. 79 5 0
Trustees fees .. .. .. .. 222 0 0
Trustees’ valuation fees .. .. .. 151 14 1
Fixed deposits .. .. .. .. 16,500 0 0
Grants .. .. .. .. .. .. 1,133 1 0
Balance .. .. .. .. .. .. 38,286 3 9
£1,157,451 2 1

PROFIT AND LOSS ACCOUNT FOR TWELVE MONTHS ENDED 31ST MARCH, 1936.

Dr.

To Interest credited to depositors—
Head Office .. .. .. £ 44,832 3 0
South Dunedin Branch .. 12,679 0 10
North Dunedin Branch .. 8,593 2 6
£ 66,104 6 4
Charges, including salaries, trustees’ fees, branch charges, &c. .. .. 6,758 8 9
Income-tax .. .. .. .. 6,435 11 8
Depreciation—
Buildings .. .. .. .. 1,000 0 0
Office furniture .. .. .. 90 5 0
Balance transferred to Appropriation Account .. .. .. .. 19,511 11 10
£99,900 3 7

Cr.

By Interest on loans .. .. .. £ 68,891 7 4
Interest on deposits .. .. .. 3,144 3 5
Interest on debentures .. .. 37,086 3 6
£ 99,121 14 3
Rents .. .. .. .. .. .. 765 10 10
Fines .. .. .. .. .. .. 12 18 6
£99,900 3 7

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1936.

Dr.

To Grants—
New Zealand Crippled Children’s Fund .. .. £ 300 0 0
Dunedin Methodist Central Mission Health Camp .. .. .. 200 0 0
Otago University (Hydatids Research) .. .. 100 0 0
Otago Hospital Board (Children’s Health Camp .. .. .. 100 0 0
Dunedin Returned Soldier’s Association .. .. 100 0 0
Mayor’s Relief Fund .. .. .. 200 0 0
Salvation Army .. .. .. 133 1 0
Transfer to Retiring Officer’s Benefit Fund .. .. .. 2,200 0 0
Balance .. .. .. .. .. .. 174,636 11 10
£177,969 12 10

Cr.

By Balance, 1st April, 1935 .. .. £ 158,458 1 0
Transfer from Profit and Loss Account .. 19,511 11 10
£177,969 12 10

By Balance, 1st April, 1936 .. .. .. £174,636 11 10

BALANCE-SHEET AS AT 31ST MARCH, 1936.

Liabilities.

Amount at credit of 34,259 depositors—
£ s. d. £ s. d.
25,592, Head Office .. 1,375,799 17 3
5,539, South Dunedin Branch .. 430,232 5 8
3,188, North Dunedin Branch .. 293,439 16 9
£ 2,305,471 19 8
Retiring Officers’ Benefit Fund .. .. .. 9,200 0 0
Provision against losses on loans on mortgage .. .. .. 5,369 12 3
Debenture Premium Account .. .. .. 20,628 15 2
Profit and Loss Appropriation Account .. 174,636 11 10
£2,515,306 18 11

Assets.

£ s. d. £ s. d.
Office furniture .. .. 1,805 0 0
Less depreciation .. .. 90 5 0
1,714 15 0
Land and buildings .. .. 28,000 0 0
Less depreciation .. .. 1,000 0 0
27,000 0 0
Rents accrued .. .. .. .. 150 0 0
Valuation fees .. .. .. .. 10 10 0
Loans on mortgage .. .. 1,428,133 2 2
Accrued interest .. .. 14,027 16 1
1,442,160 18 3

Debentures—
New Zealand Government .. 129,385 0 0
New Zealand War Bonds .. 147,295 0 0
Local Bodies .. .. .. 636,579 10 6
Accrued interest .. .. 10,983 6 0
924,242 16 6
Fixed deposits .. .. .. .. 80,000 0 0
Accrued interest .. .. .. .. 1,741 15 5
81,741 15 5
Cash at bank .. .. .. .. 38,286 3 9
£2,515,306 18 11

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

JOHN H. F. HAMEL, President.
HENRY B. HART, Deputy-President.

THOS. C. HARRISON,
A. E. ANSELL,
JAS. W. DOVE,
D. C. CAMERON,
} 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, 24th April, 1936.

Approved—

GALWAY, Governor-General.
17th June, 1936.

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