Cr.
Interest received and accrued on mortgages and investments .. .. .. .. £ s. d. 64,501 14 6
Sundry receipts .. .. .. .. 658 3 3
£65,159 17 9

PROFIT AND LOSS APPROPRIATION ACCOUNT AS AT 31ST MARCH, 1945
Dr.
Donations.. .. .. .. £ s. d. 1,795 5 0
Transfer to taxation reserve .. .. .. 14,000 0 0
Balance carried down .. .. .. 66,955 0 11
£82,750 5 11

Cr.
Balance, 1st April, 1944 .. .. .. £ s. d. 65,088 11 1
Premium, New Zealand Government stock (converted) .. .. .. 4 13 0
Net profit for year transferred .. .. 17,657 1 10
£82,750 5 11
Balance carried down .. .. .. £66,955 0 11

BALANCE-SHEET FOR YEAR ENDED 31ST MARCH, 1945
Liabilities
Amount at credit of depositors— £ s. d. £ s. d.
Ordinary .. .. 1,812,275 2 2
National Savings accounts.. 446,708 15 6
Staff Provident Fund .. 7,925 9 11
Sundry creditors—
Post Office Savings-bank Account : National Savings bonds .. .. .. 6,300 0 0
Suspense : Interest (National Savings investments) .. 6,155 18 0
Reserves—
Property and investment fluctuation reserve .. 6,365 7 9
Taxation .. .. 15,265 6 0
Depreciation reserve .. 1,549 6 4
Profit and Loss Appropriation Account : Balance .. .. 66,955 0 11
£2,369,500 6 7

Assets
Cash and bank balances— £ s. d. £ s. d.
Cash on hand .. .. 18,725 10 2
Cash at Bank of New Zealand : Current Account .. 53,809 9 3
On fixed deposit, including accrued interest .. 200,876 15 3
Cash on deposit, Post Office Savings-bank .. .. 2,076 6 9
275,488 1 5
Investments—
New Zealand Government inscribed stock (par value, £188,565) .. .. 188,009 5 0
New Zealand Government War Loan (par value, £444,480) .. .. 441,003 17 6
National Savings Account and bonds .. .. .. 34,524 18 2
Local-body debentures (at par) .. .. .. 39,075 7 9
Interest accrued thereon .. 5,967 17 8
708,581 6 1
Advances—
Loans on first mortgage of freehold property : Principal Rates and insurance premiums advanced still owing at 31st March, 1945 .. .. 916,583 5 10
11 8 10
Interest due but not yet paid .. 1,259 9 1
Interest accrued .. .. 3,577 6 9
921,431 10 6
Bank premises and land .. 10,907 3 6
Less depreciation .. .. 131 18 0
10,775 5 6
Office plant, fittings, and furnishings .. .. 1,609 12 7
Less depreciation .. .. 135 9 6
1,474 3 1
Stocks of National Savings bonds on hand .. 6,300 0 0
National Savings invested in Government stock.. 445,450 0 0
£2,369,500 6 7

G. E. DINNISS, Manager.
C. LASH, Accountant.
E. P. WEBSTER, President.
P. E. STAINTON, Deputy President.
A. M. THOMSON W. C. WESTON G. E. CANHAM C. GEO. PEARCE Trustees.

We, the undersigned, being auditors of the New Plymouth 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 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 in his opinion all the requirements of the Savings-banks Act, 1908, and its amendments have been complied with, with the exception of sections 18, 20, and 50 of the principal Act, which have been observed to the extent that is practicable.

DUFF AND WYNYARD,
Public Accountants, Auditors.

New Plymouth, 17th April, 1945.
Approved--

A. R. F. MACKAY,
Assistant Secretary to the Treasury,

128
25th June, 1945.

INVERCARGILL SAVINGS-BANK

RECEIPTS
Cash in hand and at banks, 1st April, 1944 .. £ s. d. 190,657 11 9
Amount lodged by depositors .. .. 2,204,877 4 11
Interest received on— Mortgages .. .. .. 26,238 6 10
Fixed deposits .. .. .. 1,777 10 0
Government stock and bonds .. .. 39,189 10 6
Public-body debentures .. .. 3,305 13 9
Mortgages repaid during year .. .. 41,614 0 0
Investments matured .. .. 83,975 0 0
Bank premises : Rents .. .. 246 1 2
Commission .. .. .. 1,180 11 4
Exchanges, fines, and forms .. .. 2 10 4
Property charges .. .. .. 135 5 7
£2,593,199 6 2

PAYMENTS
Invested on first mortgage during year .. £ s. d. 5,800 0 0
Repaid depositors .. .. .. .. 1,951,619 15 8
Purchase of stocks and debentures .. 413,710 3 0
Charges and management expenses .. 9,749 4 9
Income, social, and national security taxes .. 7,697 11 3
Endowments and donations .. .. 965 0 0
Property charges .. .. .. 174 12 4
Bank furniture .. .. .. 93 14 2
Cash in hand and at banks .. .. 203,389 5 0
£2,593,199 6 2

PROFIT AND LOSS ACCOUNT

Dr.
Interest paid to depositors .. .. .. £ s. d. 45,464 0 1
Depreciation .. .. .. .. 1,026 14 2
Charges and management expenses .. 9,749 4 9
Special Reserve Account .. .. .. 362 0 0
Written-off mortgages .. .. .. 4,162 13 0
Income-tax Reserve Account .. .. 12,000 0 0
Balance .. .. .. .. 3,262 3 8
£76,026 15 8

Cr.
Interest on investments received and accrued .. £ s. d. 75,775 6 2
Bank premises : Rents received and accrued .. 251 9 6
£76,026 15 8

PROFIT AND LOSS APPROPRIATION ACCOUNT
Dr.
Donations .. .. .. .. £ s. d. 965 0 0
Balance .. .. .. .. .. 38,856 4 10
£39,821 4 10

Cr.
Balance, Profit and Loss Account, 1st April, 1944 .. £ s. d. 36,559 1 2
Transfer from Profit and Loss Account .. .. 3,262 3 8
£39,821 4 10