JUNE 15] THE NEW ZEALAND GAZETTE 725

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
ALEXR. HARRIS
E. DAVIES
W. T. ANDERTON
W. H. RICE

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, 1944, 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, 1944; (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.

Auckland.

Approved—

E. L. GREENSMITH,
Assistant Secretary to the Treasury,
30th May, 1944.

94

NEW PLYMOUTH SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1944:—

RECEIPTS £ s. d.
Cash and bank balance .. .. .. 50,643 17 4
Fixed deposits maturing during year at Bank of New Zealand .. .. .. 20,000 0 0
Deposits received .. .. .. 805,529 16 11
Interest credited to depositors’ accounts and Staff Provident Fund .. .. .. 35,282 12 10
Deposits received for National Savings campaign.. .. .. .. 146,863 12 9
Sale of National Savings bonds .. .. .. 8,841 6 8
Loans and advances repaid .. .. .. 90,972 8 4
Interest on mortgages and investments .. .. .. 55,836 5 10
Rents received from properties taken over by bank .. .. .. 585 17 8
Valuation fees received .. .. .. 234 12 6
Refund on account of rates and insurance premiums, &c. .. .. .. 111 19 1
Bank property sold .. .. .. 1,926 6 3
Repayment of debentures .. .. .. 1,718 10 3
Refund of war-damage premiums paid on behalf of bank mortgagors .. .. .. 6 9 11
Interest received from National Savings investments .. .. .. 6,006 13 11
Sales of money-boxes .. .. .. 7 12 6
Commissions on Government stock and sundries.. .. .. .. 422 14 5
Scholarship money not used .. .. .. 216 18 4
Post-office deposits received .. .. .. 2,190 0 0

£1,227,397 15 6

PAYMENTS £ s. d.
Withdrawals .. .. .. 640,757 10 11
Transfers to Treasury re National Savings campaign .. .. .. 146,000 0 0
Purchases of National Savings bonds .. .. .. 8,841 6 8
Interest paid and credited to depositors’ accounts and Staff Provident Fund .. .. .. 35,282 12 10
Advances made .. .. .. 88,940 17 3
National Savings investments and New Zealand Government inscribed stock purchased .. .. .. 137,320 6 9
Management, administration charges, including salaries, audit fees, and trustee fees .. .. .. 5,129 8 9
Bank rates and insurance .. .. .. 222 8 1
Advertising, printing, and stationery .. .. .. 661 0 1
Donations .. .. .. 1,170 10 0
Income, national, and social security taxation .. .. .. 9,373 6 9
Expenses inspecting and maintaining securities .. .. .. 540 10 0
Insurance and rates advanced to borrowers .. .. .. 99 11 0
Share war-damage premiums paid to mortgagors.. .. .. .. 300 13 11
Working-expenses re properties taken over by bank .. .. .. 357 11 2
Transfers of National Savings deposits and interest paid to depositors .. .. .. 1,360 1 2
Lodgments with Bank of New Zealand on fixed deposit .. .. .. 112,000 0 0
Post-office deposits .. .. .. 2,028 8 5
Cash and bank balance .. .. .. 37,011 11 9

£1,227,397 15 6

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1944

Dr.
Interest credited to depositors’ accounts .. .. .. £34,955 16 1
Management expenses and charges, including expenses inspecting bank securities, less valuation fees received .. .. .. 6,337 0 2
Bank rates, insurance premiums, and share of war-damage premiums of properties mortgaged to the bank .. .. .. 516 12 1
Depreciation written off .. .. .. 376 11 2
Net profit transferred to Profit and Loss Appropriation Account .. .. .. 15,898 10 2

£58,084 9 8

Cr.
Interest received and accrued on mortgages and investments .. .. .. £57,433 8 9
Revenue, bank properties .. .. .. 228 6 6
Sundry receipts .. .. .. 422 14 5

£58,084 9 8

PROFIT AND LOSS APPROPRIATION ACCOUNT AS AT 31ST MARCH, 1944

Dr.
Donations.. .. .. .. £1,170 10 0
Transfer to taxation reserve .. .. .. 12,000 0 0
Balance carried down .. .. .. 65,088 11 1

£78,259 1 1

Cr.
Balance, 1st April, 1943 .. .. .. £62,143 12 7
Scholarship refund .. .. .. 216 18 4
Net profit for year transferred .. .. .. 15,898 10 2

£78,259 1 1

Balance carried down .. .. .. £65,088 11 1

BALANCE-SHEET FOR YEAR ENDED 31ST MARCH, 1944

Liabilities
Amount at credit of depositors— £ s. d. £ s. d.
Ordinary .. .. 1,606,419 18 6
National Savings accounts.. .. 292,653 9 10

1,899,073 8 4
Staff Provident Fund .. .. .. 7,101 13 1
Sundry creditors—
Post Office Savings-bank Account: National Savings bonds .. .. 5,591 13 4
Suspense: Interest (National Savings investments) .. .. 3,855 18 0

9,447 11 4
Reserves—
Property and investment fluctuation reserve .. .. 5,645 7 9
Taxation .. .. 12,525 1 6
Depreciation reserve .. .. 1,549 6 4

19,719 15 7
Profit and Loss Appropriation Account: Balance .. .. 65,088 11 1

£2,000,430 19 5

Assets
Cash and bank balances— £ s. d. £ s. d.
Cash on hand .. .. 12,235 10 5
Cash at Bank of New Zealand: Current Account .. .. 24,776 1 4
On fixed deposit, including accrued interest .. .. 210,637 6 9
Cash on deposit, Post Office Savings-bank .. .. 2,033 16 9

249,682 15 3
Investments—
New Zealand Government inscribed stock (par value, £187,845) .. .. 187,289 5 0
New Zealand Government War Loan (par value, £243,280) .. .. 239,803 17 6
New Zealand Government War Loan (advanced subscription) .. .. 50,000 0 0
State Advances Corporation stock (at par) .. .. 5,000 0 0
National Savings Account and bonds .. .. 22,752 4 5
Local-body debentures (at par) .. .. 41,008 7 10
Interest accrued thereon .. .. 4,777 10 2

550,631 4 11