1902
THE NEW ZEALAND GAZETTE.
[No. 52

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1941.

Dr.

Interest added on depositors’ closed accounts £ s. d. £ s. d.
3,765 9 4
Interest added on depositors’ open accounts 248,919 14 7 252,685 3 11

Interest added on Provident Fund open accounts .. .. .. 2,927 3 6
Balance—Gross profit .. .. .. 140,673 15 10
£396,286 3 3

Cr.

Interest on mortgages 179,061 1 9 £ s. d.
Interest on New Zealand Government Inscribed Stock 127,830 11 5
Interest on local body debentures 65,136 3 7
Interest on Bank of New Zealand Current Accounts 22,972 0 3 394,999 17 0
Rent .. .. .. 844 5 0
Safe custody fees .. .. .. 134 5 0
Exchange .. .. .. 307 16 3
£396,286 3 3

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

Dr.

Charges (ordinary) 47,916 2 1 £ s. d.
Charges (Provident Fund) 3,218 7 9 51,134 9 10
.. .. .. 8,565 7 5
Bad debts written off 2,180 3 1
Depreciation written off premises and property 776 1 7
Depreciation written off furniture and fittings 250 0 0 3,206 4 8
Balance to Appropriation Account (net profit) .. .. .. 87,611 3 8
£150,517 5 7

Cr.

Revenue Account—Gross profit .. .. .. 140,673 15 10
Bad debts recovered .. .. .. 6,099 15 1
Surpluses on securities realized .. .. .. 3,743 14 8
£150,517 5 7

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1941.

Dr.

Donations .. .. .. £ s. d.
Transferred to Reserve and Investment Fluctuation Account £ s. d. 3,050 0 0
Transferred to Reserve and Investment Fluctuation Account (debenture premiums) 1,771 8 0
Reserve for Income-tax 46,227 10 0
Reserve for Social and National Security taxes 8,772 10 0
Balance .. .. .. 55,000 0 0
10,667 7 4
£94,888 15 4

Cr.

Balance, 1st April, 1940 .. .. .. 7,277 11 8
Profit and Loss Account—Net profit .. .. .. 87,611 3 8
£94,888 15 4

BALANCE-SHEET AS AT 31ST MARCH, 1941.

Liabilities.

Amount at credit of depositors— £ s. d. £ s. d.
Savings-bank Department 9,378,550 1 8
Thrift Clubs’ Department 63,115 9 6
Penny Bank Department 13,212 14 1
Schools’ Banks Department 21,589 19 11
9,476,468 5 2
National Savings—
Depositors’ balances 46,412 4 3
Interest Suspense Account 67 14 7
46,479 18 10
Mortgagors’ Suspense Account 331 13 5
Deposit fees on Home Safes Account 1,744 9 0
Staff Provident Fund Account 64,174 16 11
Reserve and Investment Fluctuation Account 1,025,000 0 0
Reserve for taxation 62,738 5 5
Profit and Loss Appropriation Account 10,667 7 4
£10,687,604 16 1

Assets.

£ s. d. £ s. d.
First mortgages on freehold property 3,871,604 11 10
Interest and sundries 22,897 10 0
3,894,502 1 10
New Zealand Government Inscribed Stock and State Advances Corporation Stock 3,567,855 3 3
Interest accrued 38,108 17 3
3,605,964 0 6
National Savings—
New Zealand Government Inscribed Stock 46,000 0 0
Local bodies debentures 1,572,011 4 9
Interest accrued 19,854 2 1
1,591,865 6 10
Securities in course of realization (net) 35,129 17 11
Premises and property 71,000 0 0
Furniture and fittings 3,250 0 0
74,250 0 0
Cash in hand and Bank of New Zealand Current Account 1,439,893 9 0
£10,687,604 16 1

F. E. SUTHERLAND, Manager.

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

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

} 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, 1941, 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, 1941. (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 section 18, subsection (1), and also sections 20 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—

W. NASH,
3rd June, 1941.

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