646
THE NEW ZEALAND GAZETTE
[No. 42

PROFIT AND LOSS APPROPRIATION ACCOUNT

Dr.

Donations .. .. .. .. .. £ s. d.
285 0 0
Balance .. .. .. .. .. 33,861 17 10
————————
£34,146 17 10
==========

Cr.

Balance, Profit and Loss Appropriation Account,
1st April, 1942 .. .. .. £ s. d.
32,568 4 4
Transfer from Profit and Loss Account .. .. 1,578 13 6
————————
£34,146 17 10
==========

BALANCE-SHEET FOR YEAR ENDING 31ST MARCH, 1943

Liabilities

Amount at credit of depositors .. .. £ s. d.
1,871,503 7 8
Interest Suspense Account .. .. 20,000 0 0
Investment Fluctuation Account .. .. 1,591 1 0
Property Suspense Account .. .. 340 5 5
Income-tax Reserve Account .. .. 2,750 0 0
Profit and Loss Appropriation Account .. .. 33,861 17 10
————————
£1,930,046 11 11
==========

Assets

Bank premises .. .. £ s. d. £ s. d.
19,287 0 0
Less depreciation .. .. 962 0 0
————————
18,325 0 0

Bank furniture .. .. 1,591 10 0
Less depreciation .. .. 158 10 0
————————
1,433 0 0

National Bank and Bank of New
Zealand Current Accounts .. .. 101,233 19 6
National Bank Deposit Account 111,000 0 0
Accrued interest .. .. 408 18 5
————————
111,408 18 5

Loan Account .. .. 679,125 15 6
Accrued interest .. .. 9,197 3 10
————————
688,322 19 4

New Zealand Government stock
and debentures .. .. 867,275 7 10
Accrued interest .. .. 5,008 6 8
————————
872,283 14 6

Public-body debentures .. .. 94,700 0 0
Accrued interest .. .. 855 9 8
————————
95,555 9 8

Deposit, Post Office Savings-bank 2,000 0 0
Accrued interest .. .. 42 18 4
————————
2,042 18 4

National Savings Account .. .. 14,694 0 0
National Savings bonds .. .. 7,994 3 0
Sundry debtors .. .. 856 3 10
Rents accrued .. .. 68 15 0
Cash in hand .. .. 15,827 10 4
————————
£1,930,046 11 11
==========

N. A. BRODERICK, 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.

W. M. C. DENHAM
D. W. STALKER
R. H. BRODRICK
R. M. STRANG
D. M. MALLOCH
THOS. F. O’BYRNE
} Trustees.

We, Cuthbertson and Osborne, being the auditors of the Inver-
cargill Savings-bank appointed in terms of section 4 of the Savings-
bank 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 sec-
tions 20 and 50.

CUTHBERTSON AND OSBORNE.
GEO. OSBORNE, C.A., Auditor.

Invercargill.
Approved—
B. C. ASHWIN, Secretary to the Treasury,
17th May, 1943.

DUNEDIN SAVINGS-BANK

STATEMENT of Receipts and Payments for Year ended 31st
March, 1943:—

RECEIPTS

Balance .. .. .. £ s. d.
125,183 2 2
Lodged by depositors—
Head Office .. .. £ s. d.
875,425 0 8
Head Office: National Sav-
ings Investment Account 93,941 14 11
South Dunedin Branch .. 101,969 17 6
North Dunedin Branch .. 47,848 7 3
————————
1,119,185 0 4
Loan interest .. .. .. 79,685 10 0
Debenture interest .. .. .. 43,991 11 2
Bank interest .. .. .. 1,968 9 3
National Savings interest .. .. .. 3,521 6 10
Valuation fees .. .. .. 32 0 6
Loans repaid .. .. .. 135,676 14 0
Debentures repaid .. .. .. 16,736 11 4
Charges .. .. .. 274 18 6
War-damage-insurance premiums .. .. .. 228 15 4
Rents .. .. .. 1,043 14 4
Fines .. .. .. 11 10 0
Staff Provident Fund .. .. .. 147 4 9
————————
£1,527,686 8 6
==========
Balance .. .. .. .. .. £112,836 10 3

PAYMENTS

Withdrawn by depositors—
Head Office .. .. £ s. d. £ s. d.
706,853 16 1
Head Office : National Sav-
ings Investment Accounts 3,636 18 8
South Dunedin Branch .. 91,126 17 10
North Dunedin Branch .. 45,782 13 5
————————
847,400 6 0
Grants .. .. .. 3,135 0 0
Amenities for services .. .. .. 490 1 1
Office furniture .. .. .. 340 13 11
Loan interest .. .. .. 140 13 1
Bank interest .. .. .. 90 18 3
Valuation fees .. .. .. 56 14 0
Loans granted .. .. .. 162,769 8 2
Debentures purchased .. .. .. 280,429 6 5
National Savings stock purchased .. .. .. 92,326 13 1
Trustees’ valuation fees .. .. .. 85 1 0
Charges .. .. .. 27,293 17 3
Trustees’ fees .. .. .. 269 0 0
War-damage-insurance premiums .. .. .. 22 6 0
Balance .. .. .. .. .. 112,836 10 3
————————
£1,527,686 8 6
==========

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

Dr.

Interest credited to depositors—
Head Office .. .. £ s. d. £ s. d.
56,837 13 8
South Dunedin Branch .. 10,866 4 5
North Dunedin Branch .. 6,714 13 6
Accrued on National Savings
Investment Accounts (Head
Office) .. .. 3,413 8 5
————————
77,832 0 0
Interest on Staff Provident Fund .. .. .. 457 7 0
Charges, including salaries, trustees’ fees, branch
charges, &c. .. .. .. 10,819 3 0
Income-tax .. .. .. 13,645 19 1
Social security and national
security taxes .. .. .. 2,935 12 10
————————
16,581 11 11

Depreciation—
Buildings .. .. .. 1,500 0 0
Office furniture .. .. .. 240 13 11
————————
1,740 13 11

Losses : Loans on mortgage.. .. .. 1,044 14 6
War-damage-insurance premiums .. .. .. 1,496 13 4
Balance : Transferred to Appropriation Account 22,599 0 2
————————
£132,571 3 10
==========

Cr.

Interest on—
Loans .. .. .. £ s. d. £ s. d.
79,540 19 11
Deposits .. .. .. 2,282 7 5
Debentures .. .. .. 46,279 3 9
National Savings stock .. .. .. 3,413 8 5
————————
131,515 19 6

Rents .. .. .. .. .. 1,043 14 4
Fines .. .. .. .. .. 11 10 0
————————
£132,571 3 10
==========

57