1814

AUCKLAND SAVINGS-BANK.

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

RECEIPTS.

Balance as at 1st April, 1939 (cash in hand and at Bank of New Zealand)
£ s. d.
1,029,519 6 2
Received from depositors
5,043,330 13 10
Mortgagors' suspense
2,934 7 7
Interest on mortgages
176,702 10 4
Interest on New Zealand Government Inscribed Stock
124,373 1 4
Interest on local body debentures
67,362 9 7
Interest on fixed deposit
1,000 0 0
Interest on Bank of New Zealand Deposit Account
16,881 0 8
Mortgages repaid
252,209 14 5
Local body debentures repaid
45,126 14 4
Fixed deposit repaid
80,000 0 0
Rent
792 0 0
Donation Reserve
600 0 0
Mortgage inspection fees
691 17 0
Mortgage sundries
9,605 4 4
Debenture interest suspense
7 15 5
Home safes
161 2 6
Safe custody
128 3 4
Exchange and commissions
292 19 5
Bad debts recovered
5,051 18 5
Securities realization
12,504 4 6
£6,869,275 3 2

PAYMENTS.

Repaid to depositors
£ s. d.
5,277,509 10 4
Mortgagors' suspense
2,792 12 2
Advanced on mortgage
261,825 10 0
Advanced on New Zealand Government Inscribed Stock
86,400 0 0
Charges
41,074 5 7
Income-tax
31,474 0 3
Social Security Tax
4,511 9 0
Premises and property
2,308 14 3
Furniture and fittings
1,315 18 10
Rent
16 5 0
Donations
3,000 0 0
Mortgage sundries
9,128 12 5
Home safes
497 12 5
Securities realization
7,067 12 9
Balance, deposit account
Bank of New Zealand
1,092,824 9 9
Balance, cash in hand
47,528 10 5
1,140,353 0 2
£6,869,275 3 2

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 one hundred and forty thousand three hundred and fifty-three pounds and twopence (£1,140,353 0s. 2d.).

OLIVER NICHOLSON, President.
ALEXR. HARRIS,
E. A. BROWN
E. ANDERSON
JOHN ALEXANDER
J. W. SAUNDERS
H. GILFILLAN

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.
Auditors.

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

Interest added on depositors’ closed accounts
£ s. d. £ s. d.
5,102 18 8
Interest added on depositors’ open accounts
238,134 10 0
243,237 8 8
Interest added on Provident Fund open accounts
...
...
Balance—Gross profit..
...
...
2,574 1 3
142,761 7 0
£388,572 16 11

Cr.

£ s. d.
£ s. d.

Interest on mortgages
177,374 8 3
Interest on New Zealand Government Inscribed Stock
125,654 6 5
Interest on local body debentures
66,873 14 5
Interest on fixed deposit
592 9 5
Interest on Bank of New Zealand Deposit Accounts
16,881 0 8
387,375 19 2
Rent
...
...
775 15 0
Safe custody fees
...
...
128 3 4
Exchange..
...
...
292 19 5
£388,572 16 11

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

Dr.

£ s. d.
£ s. d.

Charges (ordinary)
41,987 11 1
Charges (Provident Fund)
2,923 10 9
44,911 1 10
Bad debts written off
...
...
9,683 0 0
Depreciation written off premises and property
1,908 14 3
Depreciation written off furniture and fittings
515 18 10
Depreciation written off home safes
297 12 5
2,722 5 6
Balance to Appropriation Account (Net profit)
...
...
95,340 7 3
£152,656 14 7

Cr.

£ s. d.
£ s. d.

Revenue Account—Gross profit
142,761 7 0
Bad debts recovered
5,051 18 5
Surpluses on securities realized
5,994 11 9
Less losses
1,151 2 7
4,843 9 2
£152,656 14 7

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

£ s. d.
£ s. d.

Donations
2,000 0 0
Transferred to reserve and Investment Fluctuation Account
32,500 0 0
Transferred to Income-tax Reserve Account
57,698 1 9
Transferred to Social Security Tax Reserve Account
4,750 14 6
Balance carried forward
7,277 11 8
£104,226 7 11

Cr.

£ s. d.
£ s. d.

Balance, 1st April, 1939
8,286 0 8
Donation refund
600 0 0
Profit and Loss Account—Net profit
95,340 7 3
£104,226 7 11