JUNE 3]

THE NEW ZEALAND GAZETTE

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31st MARCH, 1943

Dr.
Charges—
Ordinary ... ... ... £52,729 9 1
Provident Fund ... ... £5,243 12 2
War-damage-insurance premiums ... ... £4,642 2 7
Depreciation on—
Buildings ... ... ... £1,960 5 0
Furniture and fittings ... ... £783 5 8
Home safes ... ... ... £200 0 0
Bad debts written off ... ... ... £5,796 0 0
Balance: Appropriation Account (net profit) ... £117,950 15 0
£189,305 9 6

Cr.
Gross profit ... ... ... £180,918 17 0
Bad debts recovered ... ... £6,252 0 9
Surpluses on securities realized ... ... £2,134 11 9
£189,305 9 6

APPROPRIATION ACCOUNT FOR YEAR ENDED 31st MARCH, 1943

Dr.
Debenture premiums and charges ... ... £246 10 6
Donations ... ... ... £2,400 0 0
Transfer to Reserve and Investment Fluctuation Account ... ... ... £25,000 0 0
Reserve for—
Income-tax ... ... ... £75,774 19 4
Social and national security taxes ... ... £14,661 0 0
Balance ... ... ... ... £130,096 13 7

Cr.
Balance—
1st April, 1942 ... ... ... £12,145 18 7
Profit and Loss Account (net profit) ... £117,950 15 0
£130,096 13 7

BALANCE-SHEET AS AT 31st MARCH, 1943

Liabilities
Amount at credit of depositors— Savings-bank Department £11,691,842 18 1
Thrift Clubs Department £91,786 3 4
Penny Bank Department £13,345 0 9
Schools Banks Department £21,589 19 11
11,818,564 2 1
National Savings— Total of depositors' accounts £358,368 4 6
Increase for two years in schools' banks balances ... £5,675 5 10
364,043 10 4
National Savings: Interest Suspense Account ... £4,400 2 1
Deposit fees on home safes ... ... £1,948 14 0
Staff Provident Fund Account ... ... £80,845 18 4
Reserve and Investment Fluctuation Account ... £1,075,000 0 0
Reserves for taxation ... ... £93,000 0 0
Profit and Loss Appropriation Account ... £12,014 3 9
£13,449,816 10 7

Assets
First mortgages on freehold securities ... £3,617,618 9 8
Interest accrued due ... £13,833 12 8
3,631,452 2 4
New Zealand Government inscribed stock ... £5,616,249 10 8
New Zealand Government inscribed stock (War Loan) £250,425 4 0
5,866,674 14 8
Interest accrued ... ... ... £52,026 19 0
5,918,701 13 8
National Savings— New Zealand Government inscribed stock ... £362,500 0 0
Cash in hand ... ... ... £1,543 10 4
364,043 10 4
Local-body debentures ... £1,842,191 10 1
Interest accrued ... ... £22,045 2 1
1,864,236 12 2
Securities in course of realization (net) ... £22,536 8 10
Premises and property ... £71,000 0 0
Furniture and fittings ... £2,000 0 0
Home safes ... ... ... £400 0 0
Cash in hand and at banks ... £1,575,446 3 3
£13,449,816 10 7

F. E. SUTHERLAND, Manager.

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

J. W. SAUNDERS, President.
E. ANDERSON, Deputy President.
OLIVER NICHOLSON
E. A. BROWN
ALEXR. HARRIS
E. DAVIES
W. T. ANDERSON
W. H. RICE
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, 1943, 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, 1943; (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 (l), 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.

Auckland.

Approved—

B. C. ASHWIN, Secretary to the Treasury,
56
17th May, 1943.

INVERCARGILL SAVINGS-BANK

RECEIPTS

Cash in hand and at banks, 1st April, 1942 ... £265,712 0 10
Amount lodged by depositors ... £1,727,397 15 8
Interest received on— Mortgages ... ... £29,022 14 3
Fixed deposits ... ... £4,072 10 0
Government stock and bonds and National Savings stock ... £21,484 9 10
Public-body debentures ... ... £3,690 10 0
Mortgages repaid during year ... £16,550 0 0
Investments matured ... ... £8,600 0 0
Bank premises : Rents ... ... £278 2 5
Exchanges, fines, forms, and commission ... £222 19 1
Property charges ... ... £151 7 2
Bank-furniture Account ... ... £0 10 0
£2,077,182 19 3

PAYMENTS

Invested on first mortgages during year ... £14,260 0 0
Repaid depositors ... ... ... £1,513,093 16 9
Purchase of stocks and debentures ... £308,597 7 10
Charges and management expenses ... £8,078 5 6
Income, social, and national security taxes ... £2,472 9 7
Endowments and donations ... ... £285 0 0
Property charges ... ... ... £325 3 0
Cash in hand and at banks ... ... £230,061 9 10
Premium on purchased stock and bonds ... £9 6 9
£2,077,182 19 3

PROFIT AND LOSS ACCOUNT

Dr.

Interest paid to depositors ... ... ... £36,610 4 11
Depreciation ... ... ... £1,120 10 0
Charges and management expenses ... £8,078 5 6
Income-tax and social and national security charges ... £2,472 9 7
Written-off mortgages ... ... £7,990 5 0
Debenture Premium Account ... ... £9 6 9
Income-tax Reserve Account ... ... £2,000 0 0
Balance ... ... ... ... £1,578 13 6
£59,859 15 3

Cr.

Interest on investments received and accrued ... £59,560 0 1
Bank premises : Rents received and accrued ... £299 15 2
£59,859 15 3