Aug. 1.] THE NEW ZEALAND GAZETTE.

INVERCARGILL SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1940:

RECEIPTS.

Cash in hand and at banks, 1st April, 1939
Amount lodged by depositors
Interest received on mortgages
Interest received on fixed deposits
Interest received on Government stock and debentures
Interest received on public body debentures
Mortgages repaid during the year
Investments matured
Bank premises rents
Property charges
Exchanges, fines, forms, and commissions
Bank furniture

£ s. d.
208,196 6 0
1,525,394 15 11
26,778 0 2
3,475 0 0
7,796 0 6
3,919 3 9
5,138 17 9
8,800 0 0
158 17 6
78 7 2
33 1 9
14 16 3

£1,789,783 6 9

PAYMENTS.

Invested on first mortgage during the year
Repaid depositors
Purchase of Government stock and debentures
Charges Account
Endowments
Retiring-allowance
Bank premises
Bank furniture
Property charges
Investments Reserve Account
Cash in hand and at banks

£ s. d.
24,668 14 7
1,525,316 17 1
22,242 10 0
7,908 5 2
410 0 0
233 6 8
4,328 17 5
5 10 0
741 11 11
37 13 10
203,890 0 1

£1,789,783 6 9

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

Interest paid to depositors during the year
Depreciation
Income-tax
Charges and management expenses
Written off
Donation to Patriotic Committee
Balance

£ s. d.
29,977 8 10
1,047 5 9
500 0 0
7,908 5 2
4,525 2 11
150 0 0
1,527 12 8

£45,635 15 4

Cr.

Interest on investments received and accrued
Bank premises rents received and accrued

£ s. d.
45,434 17 4
200 18 0

£45,635 15 4

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

Donations
Retiring-allowance
Balance carried forward

£ s. d.
260 0 0
233 6 8
30,332 0 8

£30,825 7 4

Cr.

Balance Profit and Loss Account, 1st April, 1939
By transfer from Profit and Loss Account

£ s. d.
29,297 14 8
1,527 12 8

£30,825 7 4

BALANCE-SHEET FOR YEAR ENDED 31ST MARCH, 1940.

Liabilities.

Amount at credit of depositors.. 204,924 0 1
Interest Suspense Account.. 20,000 0 0
Property Suspense Account.. 592 12 10
Investment Reserve Account.. 115 12 0
Income-tax Reserve Account.. 500 0 0
Profit and Loss Account.. 30,332 0 8

£1,256,464 5 7

Assets.

Bank premises
Less depreciation
Bank furniture
Less depreciation
National Bank and Bank of New Zealand current accounts
National Bank and Bank of New Zealand Deposit Accounts
Accrued interest
Loan Account
Accrued Interest
New Zealand Government stock and debentures
Accrued interest
Public body debentures
Accrued interest
Sundry debtors
Rents accrued
Cash in hand

£ s. d.
21,834 17 5
834 12 0
2,134 13 9
212 13 9
46,242 8 1
149,000 0 0
707 6 7
683,482 11 10
13,690 17 10
227,107 10 0
2,553 12 5
99,800 0 0
886 5 4

£ s. d.
21,000 5 5
1,922 0 0
149,707 6 7
697,173 9 8
229,661 2 5

£ s. d.
100,686 5 4
1,358 0 7
65 15 6
8,647 12 0

£1,256,464 5 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.

WILLIAM A. OTT, President.
ADAM HAMILTON, Deputy-President.
R. H. BRODRICK
R. M. STRANG
H. F. DREWE

Trustees.

We, Cuthbertson and Osborne, 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
D. CUTHBERTSON, F.P.A. N.Z.
GEO. OSBORNE, C.A.

Auditors.

Approved--

GALWAY, Governor-General.
9th July, 1940.