AUCKLAND SAVINGS-BANK.

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

RECEIPTS.

Balance as at 1st April, 1938 (cash in hand and at Bank of New Zealand) .. 1,019,585 14 5
Received from depositors .. .. 5,297,080 16 5
Mortgagors' suspense .. .. .. 6,429 0 3
Interest on mortgages .. .. .. 173,325 18 1
Interest on New Zealand Government Inscribed Stock .. .. .. 110,372 13 9
Interest on local body debentures .. 69,035 3 8
Interest on fixed deposit .. .. 2,000 0 0
Interest on Bank of New Zealand Current Account .. .. .. .. 17,585 8 2
Mortgages repaid .. .. .. .. 217,333 7 0
Local body debentures repaid .. .. 43,533 10 8
Rent .. .. .. .. .. 736 0 0
Mortgage inspection fees .. .. 924 10 0
Mortgage sundries .. .. .. 13,483 12 9
Debenture Interest Suspense .. .. 4,174 14 1
Home safes .. .. .. .. 227 5 0
Safe custody .. .. .. .. 115 15 0
Exchange .. .. .. .. 279 1 8
Bad debts recovered .. .. .. 173 5 8
Securities realization .. .. .. 9,308 12 11
£6,985,704 9 6

PAYMENTS.

Repaid to depositors .. .. 5,213,487 18 5
Provident Fund payments .. .. 10,484 17 5
Mortgagors' suspense .. .. .. 7,025 3 9
Advanced on mortgage .. .. 314,319 0 0
Advanced on New Zealand Government Inscribed Stock .. .. 312,035 5 6
Advanced on local body debentures .. 3,191 7 8
Charges .. .. .. .. .. 41,474 6 1
Income-tax .. .. .... 21,508 10 0
Premises and property .. .. 7,963 2 6
Furniture and fittings.. .. .. 821 15 8
Rent .. .. .. .. .. 20 0 0
Donations .. .. .. .. 750 0 0
Mortgage sundries .. .. .. 9,700 14 4
Debenture premiums and charges .. 2,716 15 0
Debenture interest suspense .. .. 3,302 15 11
Home safes .. .. .. .. 981 18 6
Securities realization .. .. .. 6,401 12 7
Balance, current account £ s. d.
Bank of New Zealand 980,272 4 5
Balance, cash in hand 49,247 1 9
£6,985,704 9 6

We hereby certify that we have examined the above statement of the receipts and payments of the Auckland Savings-bank, and to the best of our belief it contains a true and correct account of all the cash transactions of the bank during the twelve months, and that the balance of cash amounts to one million twenty-nine thousand five hundred and nineteen pounds six shillings and twopence (£1,029,519 6s. 2d.).

OLIVER NICHOLSON, President.
ALEXR. HARRIS,
E. A. BROWN
J. TREVETHICK
JOHN ALEXANDER
C. J. PARR
H. GILFILLAN
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Trustees

We hereby certify that in accordance with the requirements of auditors we have examined the books and vouchers relating to the above record of receipts and payments, and that such is drawn up so as to exhibit a true and correct statement.

F. C. BUDDLE, A.P.A.N.Z.
N. A. DUTHIE, F.P.A.N.Z.
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Auditors.

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1939.

Dr.

Interest added on depositors' closed accounts £ 5,768 s. d. 4 9
Interest added on depositors' open accounts £ 236,642 s. d. 4 9
Interest added on Provident Fund closed accounts .. .. £ 412 s. d. 16 1
Interest added on Provident Fund open accounts .. .. £ 2,249 s. d. 18 9
Balance—Gross profit.. £ 134,593 s. d. 5 7

Cr

Interest on mortgages £ 174,377 s. d. 11 4
Interest on New Zealand Government Inscribed Stock £ 116,001 s. d. 3 8
Interest on local body debentures £ 68,591 s. d. 10 1
Interest on fixed deposit £ 2,000 s. d. 0 0
Interest on Bank of New Zealand Current Account £ 17,585 s. d. 8 2
Rent .. .. £ 716 s. d. 0 0
Safe custody fees .. £ 115 s. d. 15 0
Exchange.. .. £ 279 s. d. 1 8
£379,666 9 11

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

Dr.

Charges (ordinary) £ 40,718 s. d. 16 1
Charges (Provident Fund) £ 4,225 s. d. 9 0
Mortgage principal, interest, and sundry bad debts written off £ 10,349 s. d. 16 5
Depreciation written off premises and property £ 3,463 s. d. 2 6
Depreciation written off furniture and fittings £ 621 s. d. 15 8
Depreciation written off home safes £ 681 s. d. 8 6
Balance to Appropriation Account (Net profit) £ 85,628 s. d. 14 6

Cr.

Revenue Account—Gross profit £ 134,593 s. d. 5 7
Bad debts recovered .. £ 7,991 s. d. 12 4
Surpluses on securities realized £ 3,463 s. d. 7 7
Less losses £ 359 s. d. 2 10
£145,689 2 8

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1939.

Dr.

Transferred to reserve and Investment Fluctuation Account £ 55,216 s. d. 15 0
Transferred to Income-tax Reserve Account £ 25,488 s. d. 11 0
Transferred to Social Security Tax Reserve Account £ 4,511 s. d. 9 0
Transferred to Donations Reserve Account £ 1,000 s. d. 0 0
Balance carried forward £ 8,286 s. d. 0 8
£94,502 15 8

Cr.

Balance, 1st April, 1938.. £ 8,874 s. d. 1 2
Profit and Loss Account—Net profit £ 85,628 s. d. 14 6
£94,502 15 8