DUNEDIN SAVINGS-BANK.

S TATEMENT of Receipts and Payments for twelve
months ended 31st March, 1937 :-

RECEIPTS.

Balance, Ist April, 1936 ... 38,286 3 9
Lodged by depositors-
Head Office ... 740,024 5 7
South Dunedin Branch 106,815 2 1
North Dunedin Branch 60,393 6 10

907,232 14 6

Debentures redeemed ... 61 9 0
Debenture interest ... 38,016 14 10
Debentures repaid ... 34,621 8 9
Fines ... 9 19 9
Rent ... 761 4 0
Bank interest ... 2,401 13 0
Loans repaid ... 53,886 18 0
Interest on loans ... 62,015 11 10
Valuation fees ... 47 13 0
Charges ... 2 4 6
Staff Provident Fund ... 70 9 4

£1,137,414 4 3

£ s. d.
Balance, 1st April, 1937. 36,595 16 3

PAYMENTS.
Withdrawn by depositors-
Head Office ... 709,657 10 7
South Dunedin Branch 130,131 9 11
North Dunedin Branch 75,754 2 9

915,543 3 3

Debentures purchased ... 40,200 0 0
Charges ... 15,690 14 6
Loans granted ... 120,543 8 10
Valuation fees ... 49 15 0
Trustees' fees ... 220 0 0
Trustees' valuation fees ... 246 16 0
Debentures redeemed ... 6,161 9 0
Debenture interest ... 10 19 5
Grants ... 2,152 2 0
Balance ... 36,595 16 3

£1,137,414 4 3

PROFIT AND LOSS ACCOUNT FOR TWELVE MONTHS ENDED
31ST MARCH, 1937.

Dr.

To Interest credited to de-
positors-
Head Office ... 46,955 17 4
South Dunedin Branch 12,460 15 3
North Dunedin Branch 8,422 2 0

67,838 14 7

Charges, including salaries, trustees' fees,
branch charges, &c. ... ... 6,968 10 6
Income-tax ... ... ... 9,183 7 6
Depreciation-
Buildings ... ... ... 1,000 0 0
Office furniture ... ... ... 85 14 9
Balance transferred to Appropriation Ac-
count ... ... ... 19,987 1 8

£105,063 9 0

Cr.

£ s. d.

By Interest on loans ... 64,200 14 4
Interest on deposits ... 2,270 5 2
Interest on debentures ... 37,821 5 9

104,292 5 3

Rents ... ... ... 761 4 0
Fines ... ... ... 9 19 9

£105,063 9 0

APPROPRIATION ACCOUNT FOR TWELVE MONTHS ENDED 31ST
MARCH, 1937.

Dr.

To Losses on loans on mortgages ... 100 16 0
Grants-
N.Z. Coml. Travellers' Assn. Institute
of the Blind ... ... ... 200 0 0
Otago J.P.'s Association ... ... 25 0 0
Otago Hospital Board, Children's Health
Camp ... ... ... ... 100 0 0
St. John Ambulance Association ... 200 0 0
Roslyn District Nursing Service ... 50 0 0
Women's Division Farmer's Union ... 25 0 0
Central Mission Health Camp ... 200 0 0
University of Otago ... ... 200 0 0
Central Mission Trustees ... ... 1,000 0 0
Salvation Army ... ... ... 152 2 0
Balance ... ... ... 192,370 15 6

£194,623 13 6

Cr.

£ s. d.

By Balance ... ... ... 174,636 11 10
Transfer from Profit and Loss Account .. 19,987 1 8

£194,623 13 6

£ s. d.
By Balance, 1st April, 1937 ... ... 192,370 15 6

BALANCE-SHEET AS AT 31ST MARCH, 1937.

Liabilities.

Amount at credit of 36,380
depositors-
27,448, Head Office ... 1,653,122 9 7
5,810, South Dunedin
Branch ... ... 425,376 13 1
3,122, North Dunedin
Branch ... ... ... 286,501 2 10

2,365,000 5 6

Debenture Premium Account ... 20,228 15 2
Staff Provident Reserve Fund ... 1,041 2 8
Staff Provident Fund ... ... 8,597 6 8
Profit and Loss Appropriation Account ... 192,370 15 6

£2,587,238 5 6

Assets.

£ s. d.

Office furniture ... 1,714 15 0
Less depreciation ... 85 14 9

1,629 0 3

Land and buildings ... 27,000 0 0
Less depreciation ... 1,000 0 0

26,000 0 0

Rents accrued ... ... ... 150 0 0
Valuation fees ... ... ... 9 9 0
Loans on mortgage ... 1,490,349 19 7
Accrued interest ... ... 15,188 14 9

1,505,538 14 4

Debentures-
New Zealand Government 129,385 0 0
New Zealand War Bonds 147,295 0 0
Local bodies ... 647,858 1 9
Accrued interest ... 11,166 16 4

935,704 18 1

Fixed deposits ... 80,000 0 0
Accrued interest ... 1,610 7 7

81,610 7 7

Cash at bank ... ... 36,595 16 3

£2,587,238 5 6

JAS. QUAILE, Manager.
A. THOMAS, Accountant.
H. HART, President.
JAS. W. DOVE, Deputy-President.

JOHN H. F. HAMEL
THOS. C. HARRISON
A. E. ANSELL
D. C. CAMERON

Trustees.

We, William Brown and Co., and James 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 informa-
tion 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.,
JAMES BROWN AND CO.

Auditors.

Dunedin, 21st April, 1937.

Approved—

GALWAY, Governor-General.

23rd June, 1937.