AUG. 1.] THE NEW ZEALAND GAZETTE. 1815

BALANCE-SHEET AS AT 31ST MARCH, 1940.

Liabilities.

Amount at credit of depositors—
Savings-bank Ordinary Department .. £ 8,851,473 15 10
Thrift Clubs’ Department .. 52,859 . 6 . 0
Penny Bank Department .. 13,170 13 9
Schools’ Banks Department .. 19,806 3 2
.. 8,937,309 18 9
Deposit fees on Home Safes Account .. 1,609 4 0
Mortgagors’ Suspense Account .. 793 9 11
Staff Provident Fund Account .. 56,479 3 4
Reserve and Investment Fluctuation Account .. 1,000,000 0 0
Reserve for Income-tax .. 58,106 8 9
Reserve for Social Security Tax .. 4,750 14 6
Profit and Loss Appropriation Account .. 7,277 11 8
£10,066,326 10 11

Assets.

First mortgages .. £ 3,896,967 17 10
Interest and sundries due and accrued .. 25,176 5 2
.. 3,922,144 3 0
New Zealand Government Inscribed Stock and State Advances Corporation Stock .. 2,960,751 5 6
New Zealand Government Inscribed Stock (War Loan) .. 250,425 4 0
.. 3,211,176 9 6
Interest accrued .. 36,932 5 4
.. 3,248,108 14 10
Local bodies debentures .. 1,613,565 8 11
Interest accrued .. 20,381 2 8
.. 1,633,946 11 7
Securities in course of realization .. 55,374 1 4
Less reserve .. 10,000 0 0
.. 45,374 1 4
Premises and property .. 72,900 0 0
Furniture and fittings .. 2,500 0 0
Home safes .. 1,000 0 0
.. 76,400 0 0
Cash in hand and Bank of New Zealand Current Account .. 1,140,353 0 2
£10,066,326 10 11

F. E. SUTHERLAND, Manager.

We hereby certify that to the best of our belief the above balance-sheet is correct.

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

We, the undersigned, being the auditors of the Auckland 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 31st March, 1940, 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 31st March, 1940. (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, excepting the provisions of sections 18, (subsection 1), and also section 18 and 50 of the principal Act, which have been observed to the extent that is practicable.

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

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

DUNEDIN SAVINGS-BANK.

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

RECEIPTS.

Balance at 1st April, 1939 .. £ s. d.
29,298 10 9
Lodged by depositors—
Head Office .. 801,883 15 8
South Dunedin Branch .. 99,980 5 1
North Dunedin Branch .. 51,923 11 8
.. 953,787 15 3
Interest on loans .. 70,653 11 11
Rent .. 799 16 5
Fines .. 13 7 0
Valuation Fees .. 31 9 0
Loans repaid .. 70,694 9 1
Charges .. 2 15 0
Debentures repaid .. 21,183 14 9
Debenture interest .. 39,221 0 6
Bank interest .. 2,397 18 0
Staff Provident Fund .. 117 18 3
£1,188,202 6 1

PAYMENTS.

Withdrawn by depositors—
Head Office .. £ s. d.
813,197 13 7
South Dunedin Branch .. 124,714 9 0
North Dunedin Branch .. 71,938 8 4
.. 1,009,850 10 11
Loan interest .. 5 8 3
Buildings .. 655 5 2
Valuation fees .. 39 17 0
Trustees’ fees .. 196 0 0
Trustees’ valuation fees .. 91 7 0
Loans granted .. 81,478 15 2
Charges .. 22,736 1 1
Debentures purchased .. 4,010 0 0
Salvation Army grant .. 107 4 6
Grants .. 5,000 0 0
Office furniture .. 54 0 0
Staff Provident Fund .. 6 3 10
Rent .. 53 10 8
Balance at 31st March, 1940 .. 63,918 2 6
£1,188,202 6 1

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

Dr.

Interest credited to depositors—
Head Office .. £ s. d.
54,157 8 1
South Dunedin Branch .. 12,003 13 9
North Dunedin Branch .. 7,814 6 11
.. 73,975 8 9
Interest on Staff Provident Funds .. 358 7 5
Charges, including salaries, trustees’ fees, branch charges, &c. .. 9,312 2 5
Income-tax .. £ s. d.
12,333 17 4
Social Security Tax .. 1,389 14 10
.. 13,723 12 2
Depreciation—
Buildings .. 1,155 5 2
Office furniture .. 104 0 0
.. 1,259 5 2
Balance transferred to Appropriation Account .. 15,610 1 2
£114,238 17 1

Cr.

Interest on loans .. £ s. d.
71,381 15 4
Interest on deposits .. 2,397 18 0
Interest on debentures .. 39,649 6 0
.. 113,428 19 4
Rents .. 796 5 9
Fines .. 13 12 0
£114,238 17 1