AUG. 11.] THE NEW ZEALAND GAZETTE. 1821

DUNEDIN SAVINGS-BANK.

STATEMENT of Receipts and Payments for twelve months ended 31st March, 1938:—

RECEIPTS.

Balance .. .. .. .. £ s. d.
Ledged by depositors—
Head Office .. .. 754,831 13 3
South Dunedin Branch 108,531 19 1
North Dunedin Branch 56,621 6 9
919,984 19 1
Interest on loans .. .. 69,506 0 0
Rent .. .. .. .. 481 0 3
Fines .. .. .. .. 11 10 0
Proceeds sale office furniture .. 4 7 6
Valuation Fees .. .. 41 2 0
Loans repaid .. .. 82,127 0 10
Charges .. .. .. 7 19 0
Debentures repaid .. .. 7,158 0 10
Debenture interest .. 42,876 6 8
Bank interest .. .. 2,471 7 6
Staff Provident Fund .. 111 7 4
£1,161,376 17 9
Balance .. .. .. .. 39,184 0 2

PAYMENTS.

Withdrawn by depositors— £ s. d. £ s. d.
Head Office .. .. 730,672 13 3
South Dunedin Branch 123,695 6 9
North Dunedin Branch 69,466 1 2
923,834 1 2
Loan interest .. .. .. 19 0 0
Buildings .. .. .. 9,624 15 0
Rent .. .. .. .. 126 19 11
Valuation fees .. .. 51 14 6
Trustees’ fees .. .. 220 0 0
Trustees’ valuation fees .. 279 1 6
Loans granted .. .. 119,663 1 2
Charges .. .. .. 16,142 6 6
Debentures purchased .. 48,000 0 0
Salvation Army grant .. 47 18 0
Grants .. .. .. .. 2,150 0 0
Staff Provident Fund .. 2,033 19 10
Balance .. .. .. .. 30,184 0 2
£1,161,376 17 9

PROFIT AND LOSS ACCOUNT FOR TWELVE MONTHS ENDED 31ST MARCH, 1938.

Dr.

Interest credited to depositors— £ s. d. £ s. d.
Head Office .. .. 49,669 4 9
South Dunedin Branch 12,271 19 2
North Dunedin Branch 8,199 12 11
70,140 16 10
Charges, including salaries, trustees’ fees, branch charges, &c. .. 7,890 6 6
Income-tax .. .. .. 8,748 7 6
Depreciation—
Buildings .. .. .. 1,624 15 0
Office furniture .. 84 12 9
Balance transferred to Appropriation Account .. .. 23,031 14 0
£111,520 12 7

Cr.

Interest on loans .. .. 71,390 11 10
Interest on Deposits .. 2,471 7 6
Interest on debentures .. 37,443 2 11
111,305 2 3
Rents .. .. .. .. 204 0 4
Fines .. .. .. .. 11 10 0
£111,520 12 7

APPROPRIATION ACCOUNT FOR TWELVE MONTHS ENDED 31ST MARCH, 1938.

Dr.

Losses on loans on mortgage .. .. 2,825 6 5
Grants—
Salvation Army .. .. 47 18 0
King George V Memorial Fund .. 500 0 0
Royal New Zealand Society for Health of Women and Children, Dunedin Branch 500 0 0
Otago Hospital Board Children’s Health Camp .. .. .. 100 0 0
Dunedin Sea Scouts Group Committee .. 50 0 0
Dunedin Returned Soldiers Association 150 0 0
Young Womens’ Christian Association .. 100 0 0
Otago High School Board of Governors 250 0 0
University of Otago .. 500 0 0
Balance .. .. .. .. 210,379 5 1
£215,402 9 6

Cr.

Balance .. .. .. .. 192,370 15 6
Transfer from Profit and Loss Account .. 23,031 14 0
£215,402 9 6

Balance .. .. .. .. 210,379 5 1

BALANCE-SHEET AS AT 31ST MARCH, 1938.

Liabilities.

Amount at credit of 37,827 depositors— £ s. d. £ s. d.
29,225 Head Office .. 1,726,950 14 4
5,500 South Dunedin Branch .. 422,485 4 7
3,102 North Dunedin Branch .. 281,856 1 4
2,431,292 0 3
Debenture Premium Account .. .. 20,228 15 2
Staff Provident Reserve Fund .. .. 729 19 4
Staff Provident Fund .. .. 7,356 14 7
Profit and Loss Appropriation Account .. 210,379 5 1
£2,669,986 14 5

Assets.

£ s. d. £ s. d.
Office furniture .. .. 1,624 12 9
Less depreciation .. 84 12 9
1,540 0 0
Land and buildings .. 35,624 15 0
Less depreciation .. 1,624 15 0
34,000 0 0
Valuation fees .. .. 14 16 6
Loans on mortgage .. 1,527,266 1 5
Accrued interest .. 14,886 18 2
1,542,152 19 7

Debentures—
New Zealand Government .. 137,385 0 0
New Zealand War Bonds .. 147,295 0 0
Local bodies .. .. 680,700 0 11
Accrued interest .. 6,104 9 8
971,484 10 7
Fixed deposits .. .. 80,000 0 0
Accrued interest .. 1,610 7 7
81,610 7 7
Cash at bank .. .. 39,184 0 2
£2,669,986 14 5

A. THOMAS, Manager.
W. G. HILLIKER, Accountant.
JAS. W. DOVE, President.
A. E. ANSELL, Deputy-President.
JOHN H. F. HAMEL
H. HART
THOS. C. HARRISON
D. C. CAMERON
} Trustees.

We, J. S. McInnes and Sons, 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.

J. S. McINNES AND SONS,
JAS. BROWN AND CO. } Auditors.

Dunedin, 28th April, 1938.

Approved—

GALWAY, Governor-General.
13th July, 1938.

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