1272

INVERCARGILL SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1936:

RECEIPTS.

£ s. d.
Cash in hand and at banks, 1st April, 1935 ... 149,624 3 11
Amount lodged by depositors ... 1,215,548 16 5
Interest received on mortgages ... 33,257 0 8
Interest received on fixed deposits ... 3,267 9 0
Interest received on Government Stock and Bonds ... 2,436 6 0
Interest received on Public Body debentures ... 917 4 2
Interest received on Mortgage Corporation debentures ... 33 15 0
Interest received from Post Office Savings-bank ... 39 7 6
Mortgages repaid during year ... 14,507 14 9
Withdrawn from Post Office Savings-bank ... 2,000 0 0
Invercargill City Debentures matured ... 300 0 0
Bank premises rents ... 80 0 0
Bank Furniture ... 16 8 0
Property charges ... 996 19 8
Legal expenses ... 16 9 2
Insurance premiums ... 23 18 2
Exchanges, fines, and forms ... 2 4 0

£1,423,067 16 5

PAYMENTS.

£ s. d.
Invested in first mortgage during year ... 30,550 0 0
Repaid depositors ... 1,177,748 19 10
Purchase of Stock and Debentures:-
N.Z. Government ... 11,805 0 0
Invercargill City Council ... 5,450 0 0
Mortgage Corporation of New Zealand ... 2,000 0 0
Southland County Council ... 1,000 0 0
Bluff Harbour Board ... 600 0 0
Taumarunui Borough Council ... 600 0 0
Blenheim Borough Council ... 500 0 0
Christchurch City Council ... 200 0 0
South Invercargill Borough Council ... 200 0 0
Deposited in Post Office Savings-bank ... 2,000 0 0
Charges Account ... 6,532 12 5
Written off ... 3,644 10 2
Debenture Premium Account ... 519 8 4
Endowments ... 375 0 0
Bank Premises Account ... 512 14 1
Bank Furniture ... 181 10 3
Property charges ... 553 18 8
Legal expenses ... 51 17 8
Insurance premiums ... 46 9 0
Property Suspense Account ... 289 10 0
Cash in hand and at banks ... 177,706 6 0

£1,423,067 16 5

PROFIT AND LOSS ACCOUNT FOR YEAR ENDING 31ST MARCH, 1936.

Dr.
£ s. d.
To Interest paid during year ... 718 14 7
Interest paid, 31st March ... 22,302 2 7
Charges and Management Account ... 6,532 12 5
Depreciation ... 807 6 0
Debenture Premium Account ... 519 8 4
Amounts written off ... 3,644 10 2
Balance ... 958 4 5

£35,482 18 6

Cr.
£ s. d.
Interest on Investments received and accrued ... 35,402 18 6
Bank premises rents ... 80 0 0

£35,482 18 6

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDING 31ST MARCH, 1936.

Dr.
£ s. d.
Donation to Southland Children's Health Camp ... 100 0 0
Donation to Invercargill Free Kindergarten ... 25 0 0
Donation to Invercargill Plunket Society ... 200 0 0
Donation to Invercargill Victoria Memorial Home ... 50 0 0
Balance ... 26,663 14 11

£27,038 14 11

[No. 43

Cr.
£ s. d.
Balance Profit and Loss Account, 31st March, 1935 ... 26,080 10 6
Profit for year ... 958 4 5

£27,038 14 11

BALANCE-SHEET FOR YEAR ENDING 31ST MARCH, 1936.

Liabilities.
£ s. d.
Amount at credit of depositors ... 918,977 15 1
Interest Suspense Account ... 20,000 0 0
Property Suspense Account ... 1,107 3 7
Profit and Loss Account ... 26,663 14 11

£966,748 13 7

Assets.
£ s. d. £ s. d.
Invested on first mortgage ... 642,914 7 1
Accrued interest ... 23,953 1 3
National Bank and Bank of New Zealand Deposit Accounts ... 135,000 0 0
National Bank and Bank of New Zealand current accounts ... 31,045 7 7
Deposit at Post Office Savings-bank ... 2,000 0 0
Government Stock and Bonds ... 72,830 0 0
Public body debentures ... 24,900 0 0
Bank premises ... 14,199 7 7
Less depreciation ... 684 6 0
Bank furniture ... 1,403 19 11
Less depreciation ... 123 0 0
Properties Account ... 4,847 7 5
Sundry debtors ... 804 11 11
Cash in hand ... 11,660 18 5

£966,748 13 7

N. A. BRODRICK, Manager.
H. R. WILCOX, 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
H. F. DREWE
R. M. STRANG
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 sections 20 and 50.

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

Approved-

GALWAY, Governor-General.

17th June, 1936.