JULY 15.]
THE NEW ZEALAND GAZETTE.
1653

INVERCARGILL SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ending 31st March, 1937:-
RECEIPTS.
£ s. d.
Cash in hand and at banks, 1st April, 1936 177,706 6 0
Amount lodged by depositors . . 1,431,194 2 3
Interest received on mortgages . . 31,789 14 3
Interest received on fixed deposits . . 3,642 10 0
Interest received on Government stock and bonds . . 3,485 16 0
Interest received on public body debentures . . 1,421 15 6
Interest received from Post Office Savings-bank . . 52 10 0
Mortgages repaid during year . . 6,969 12 9
Investments matured . . 1,000 0 0
Bank premises rents . . 92 14 2
Bank furniture . . 21 10 0
Property charges . . 47 17 5
Legal expenses . . 7 1 0
Insurance premiums . . 13 19 5
Exchanges, fines, and forms . . 23 7 9
Properties Account . . 4,847 7 5
£1,662,316 3 11

PAYMENTS.
£ s. d.
Invested on first mortgage during the year 16,475 0 0
Repaid depositors . . 1,335,403 3 6
Purchase of Government stock and public body debentures 73,530 0 0
Charges Account . . 6,502 3 9
Debenture Premium Account . . 790 9 4
Endowments . . 200 0 0
Bank premises . . 820 10 6
Bank furniture . . 204 5 0
Property charges . . 448 2 6
Legal expenses . . 16 19 11
Insurance premiums . . 38 4 0
Exchanges, fines, and forms . . 0 5 0
Cash in hand and at banks . . 227,887 0 5
£1,662,316 3 11

PROFIT AND LOSS ACCOUNT FOR YEAR ENDING 31ST MARCH, 1937.
Dr.
£ s. d.
To Interest paid during the year . . 702 15 3
Interest paid at 31st March . . 24,130 19 1
Depreciation . . 956 2 5
Debenture Premium Account . . 790 9 4
Written off, less recoveries . . 4,439 6 10
Charges and management expenses . . 6,504 14 3
Balance . . 1,214 14 11
£38,739 2 1
Cr.
£ s. d.
By Interest on investments received and accrued . . 38,633 7 6
Bank premises rents received and accrued . . 105 14 7
£38,739 2 1

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDING 31ST MARCH, 1937.
Dr.
£ s. d.
To Donation to Invercargill Plunket Society 125 0 0
Donation to Invercargill Free Kindergarten Council 25 0 0
Donation to Invercargill Victoria Memorial Home 25 0 0
Donation to N.Z. Crippled Children Society 25 0 0
Balance . . 27,678 9 10
£27,878 9 10

Cr.
£ s. d.
By Balance Profit and Loss Account, 31st March, 1936 ... ... ... 26,663 14 11
Profit for year . . 1,214 14 11
£27,878 9 10

BALANCE-SHEET FOR YEAR ENDING 31ST MARCH, 1937.
Liabilities.
£ s. d.
Amount at credit of depositors . . 1,039,602 8 2
Interest Suspense Account . . 20,000 0 0
Property Suspense Account . . 1,107 3 7
Profit and Loss Account . . 27,678 9 10
£1,088,388 1 7
Assets.
£ s. d.
Bank premises . . 14,333 1 7
Less depreciation . . 652 7 6
13,680 14 1
Bank furniture . . 1,463 14 11
Less depreciation . . 303 14 11
1,160 0 0
Invested in first mortgage 651,850 19 0
Accrued interest . . 18,197 0 4
670,047 19 4
Sundry debtors . . 869 1 9
Rents accrued . . 13 0 5
National Bank and Bank of New Zealand Deposit Accounts 160,000 0 0
Accrued interest . . 856 6 10
160,856 6 10
Deposit at Post Office Savings-bank . . 2,000 0 0
Public body debentures . . 44,100 0 0
Accrued interest . . 429 14 4
44,529 14 4
State Advances and Mortgage Corporation stock 32,000 0 0
Accrued interest . . 108 16 6
32,108 16 6
Government stock . . 94,160 0 0
Accrued interest . . 1,075 7 11
95,235 7 11
National Bank and Bank of New Zealand Current Accounts . . 55,035 12 10
Cash in hand . . 12,851 7 7
£1,088,388 1 7

N. A. BRODRICK, Manager.
N. 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.
R. H. BRODRICK
ADAM HAMILTON
M. N. HYNDMAN
H. F. DREWE
R. M. STRANG
Trustees.

We, Cuthbertson and Osborne 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.

CUTHBERTSON AND OSBORNE
GEO. OSBORNE, C.A. (SCOT.)
CHAS. HANNAH, A.P.A.N.Z.
Auditors.

Approved-
GALWAY, Governor-General.
23rd June, 1937.