JUNE 29.] THE NEW ZEALAND GAZETTE. 1925

INVERCARGILL SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1939:—

RECEIPTS.

£ s. d.
Cash in hand and at banks, 1st April, 1938 .. 253,831 6 7
Amount lodged by depositors .. 1,554,713 6 10
Interest received on mortgages.. 28,636 13 4
Interest received on fixed deposits .. 4,035 0 0
Interest received on Government stock and debentures .. 6,282 8 9
Interest received on public body debentures .. 3,618 1 9
Mortgages repaid during the year .. 8,336 18 4
Investments matured .. 1,500 0 0
Bank premises rents .. 183 7 6
Property charges .. 175 6 9
Exchanges, fines, forms, and commissions .. 30 5 2
Bank furniture .. 18 2 6
Investment Reserve Account .. 153 5 10
£1,861,514 3 4

PAYMENTS.

£ s. d.
Invested on first mortgage during the year .. 4,456 12 6
Repaid depositors .. 1,545,438 2 11
Purchase of Government stock and public body debentures .. 90,415 0 0
Charges Account .. 7,618 18 5
Endowments .. 250 0 0
Retiring-allowance .. 233 6 8
Bank furniture .. 117 17 6
Property charges .. 68 6 2
Written off .. 4,718 13 2
Cash in hand and at banks .. 208,197 6 0
£1,861,514 3 4

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1939.

Dr.

£ s. d.
Interest paid during the year .. 809 19 7
Interest paid at 31st March .. 28,343 10 3
Depreciation .. 1,117 5 0
Income-tax .. 417 18 1
Charges and management expenses .. 7,201 0 4
Written off .. 4,718 13 2
Balance .. 1,339 19 8
£43,948 6 1

Cr.

£ s. d.
Interest on investments received and accrued .. 43,741 3 7
Bank premises rents received and accrued .. 207 2 8
£43,948 6 1

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1939.

Dr.

£ s. d.
Donations .. 250 0 0
Retiring-allowance .. 233 6 8
Balance .. 29,297 14 8
£29,781 1 4

Cr.

£ s. d.
Balance Profit and Loss Account, 31st March, 1938 .. 28,441 1 8
Profit for year .. 1,339 19 8
£29,781 1 4

BALANCE-SHEET FOR YEAR ENDED 31ST MARCH, 1939.

Liabilities.

£ s. d.
Amount at credit of depositors.. 1,174,869 12 5
Interest Suspense Account .. 20,000 0 0
Property Suspense Account .. 602 12 10
Investment Reserve Account .. 153 5 10
Profit and Loss Account .. 29,297 14 8
£1,224,923 5 9

Assets.

£ s. d. £ s. d.
Bank premises .. 18,385 0 0
Less depreciation .. 879 0 0 17,506 0 0
Bank furniture .. 2,382 5 0
Less depreciation .. 238 5 0 2,144 0 0
National Bank and Bank of New Zealand current accounts .. 50,065 5 8
National Bank and Bank of New Zealand Deposit Accounts .. 149,000 0 0
Accrued interest .. 787 18 11 149,787 18 11
Loan Account .. 663,952 15 0
Accrued Interest .. 14,912 4 11 678,864 19 11
Public body debentures .. 107,200 0 0
Accrued interest .. 970 19 0 108,170 19 0
New Zealand Government stock and debentures 206,265 0 0
Accrued interest .. 2,258 11 1 208,523 11 1
Sundry Debtors .. 704 15 10
Rents Accrued .. 23 15 0
Cash in hand .. 9,132 0 4
£1,224,923 5 9

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.

WILLIAM A. OTT, President.
ADAM HAMILTON, Deputy-President.
R. H. BRODRICK
E. M. STRANG
H. F. DREWE
} 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-bank 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-bank Act, 1908, and amendments have been complied with with the exception of section 18 (subsection 1) and sections 20 and 50.

CUTHBERTSON AND OSBORNE
D. CUTHBERTSON, F.P.A. N.Z.
GEO. OSBORNE, C.A. (Glas.)
CHAS. HANNAH, A.P.A.N.Z.
} Auditors.

Approved—

GALWAY, Governor-General.
14th June, 1939. 164