JUNE 19.] THE NEW ZEALAND GAZETTE. 1897

INVERCARGILL SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1941:—

RECEIPTS. £ s. d.
Cash in hand and at banks, 1st April, 1940 203,890 0 1
Amount lodged by depositors .. 1,679,391 4 4
Interest received on mortgages.. 30,625 8 4
Interest received on fixed deposits 3,834 7 6
Interest received on Government stocks and debentures 8,312 15 0
Interest received on public body debentures 3,782 12 6
Mortgages repaid during the year 8,931 15 4
Investments matured 3,000 0 0
Bank premises rents .. 319 10 0
Property charges 256 16 11
Exchanges, fines, forms, and commission 31 11 3
Bank furniture 1 5 0
£1,942,377 6 3

PAYMENTS. £ s. d.
Invested on first mortgage during the year 11,961 4 8
Repaid depositors 1,562,738 8 11
Purchase of stocks and debentures 60,788 7 0
Charges and management expenses 8,781 16 8
Endowments and donations 390 0 0
Bank premises 368 17 3
Bank furniture 28 0 3
Property charges 485 14 6
Premium on purchase of stocks and bonds 413 17 0
Cash in hand and at banks 296,421 0 0
£1,942,377 6 3

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1941.

Dr. £ s. d.
Interest paid to depositors 31,978 17 2
Depreciation 1,260 2 8
Charges and management expenses 8,781 16 8
Written-off mortgages 3,807 16 4
Donation to Patriotic Committee 100 0 0
Income-tax Reserve Account 250 0 0
Debenture Premium Account 298 5 0
Balance to Appropriation Account 1,576 8 2
£48,053 6 0

Cr. £ s. d.
Interest on investments received and accrued 47,743 16 0
Bank premises rents received and accrued 309 10 0
£48,053 6 0

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1941.

Dr. £ s. d.
Donations 290 0 0
Balance 31,618 8 10
£31,908 8 10

Cr. £ s. d.
Balance Profit and Loss Account, 1st April, 1940 30,332 0 8
Transfer from Profit and Loss Account 1,576 8 2
£31,908 8 10

F

BALANCE-SHEET FOR YEAR ENDED 31ST MARCH, 1941.

Liabilities. £ s. d.
Amount at credit of depositors.. 1,353,555 12 8
Interest Suspense Account 20,000 0 0
Property Suspense Account 629 14 5
Income-tax Reserve Account 750 0 0
Profit and Loss Appropriation Account 31,618 8 10
£1,406,553 15 11

Assets. £ s. d. £ s. d.
Bank premises .. 21,369 2 8
Less depreciation 1,067 2 8 20,302 0 0
Bank furniture and equipment 1,948 15 3
Less depreciation 193 0 0 1,755 15 3
National Bank and Bank of New Zealand current accounts 85,004 4 7
National Bank and Bank of New Zealand Deposit Accounts 199,000 0 0
Accrued interest 1,482 18 7 200,482 18 7
Loan Account .. 685,959 11 2
Accrued Interest 11,847 2 7 697,806 13 9
Government stocks and debentures .. 282,095 17 0
Accrued interest 2,714 11 1 284,810 8 1
Public body debentures 102,600 0 0
Accrued interest 925 5 1 103,525 5 1
Sundry debtors 393 19 8
Rents accrued 55 15 6
Cash in hand 12,416 15 5
£1,406,553 15 11

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
H. F. DREWE
R. M. STRANG
} 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.

Invercargill, 28th April, 1941.

Approved—
W. NASH,
3rd June, 1941. 91