Aug. 15] THE NEW ZEALAND GAZETTE 1149

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

OLIVER NICHOLSON, President.
G. W. SANDERS, Deputy President.
ALEXR. HARRIS
W. H. RICE
E. ANDERSON
H. GILFILLAN
E. DAVIS
} 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, 1946, 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, 1946 ; (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.

Auckland.

Approved—

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

10th July, 1946.

304

INVERCARGILL SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1946 :—

RECEIPTS

£ s. d.
Cash in hand and at banks, 1st April, 1945 .. 203,389 5 0
Amount lodged by depositors .. 2,861,786 12 10
Interest received on—
Mortgages .. .. .. 27,912 10 0
Fixed deposits .. .. .. 1,895 12 6
Government stock and debentures .. .. 46,428 10 0
Public-body debentures .. .. .. 4,187 5 0
Mortgages repaid during year .. .. .. 44,400 16 4
Investments matured .. .. .. 4,300 0 0
Bank premises : Rents .. .. .. 208 6 0
Commission .. .. .. 822 9 10
Exchanges, fines, and forms .. .. .. 3 8 0
Property charges .. .. .. 20 9 2

£3,195,355 4 8

PAYMENTS

£ s. d.
Invested on first mortgage during year .. 31,837 10 0
Repaid depositors .. .. .. 2,396,147 17 2
Purchase of stocks and debentures .. .. 449,445 3 0
Charges and management expenses .. .. 11,467 13 11
Income, social, and national security taxes .. 11,352 7 2
Endowments and donations .. .. .. 1,140 0 0
Property charges .. .. .. 2,363 9 5
Bank furniture .. .. .. 1,069 9 0
Cash in hand and at banks .. .. .. 290,531 15 0

£3,195,355 4 8

PROFIT AND LOSS ACCOUNT

Dr.

£ s. d.
Interest paid to depositors .. .. .. 53,866 15 1
Depreciation .. .. .. 1,592 9 0
Charges and management expenses .. .. 11,467 13 11
Debenture Premium Account .. .. .. 107 5 0
Special Reserve Account .. .. .. 150 0 0
Taxation reserve .. .. .. 12,500 0 0
Written-off mortgages .. .. .. 950 0 0
Balance .. .. .. 4,116 16 2

£84,750 19 2

Cr.

£ s. d.
Interest on investments received and accrued .. 84,500 3 2
Bank premises : Rents received and accrued .. 250 16 0

£84,750 19 2

G

PROFIT AND LOSS APPROPRIATION ACCOUNT

Dr.

£ s. d.
Donations .. .. .. .. .. 1,140 0 0
Balance .. .. .. .. .. 41,833 1 0

£42,973 1 0

Cr.

£ s. d.
Balance, Profit and Loss Account, 1st April, 1945 .. 38,856 4 10
Transfer from Profit and Loss Account .. .. 4,116 16 2

£42,973 1 0

BALANCE-SHEET FOR YEAR ENDING 31ST MARCH, 1946

Liabilities

£ s. d.
Amount at credit of depositors .. .. 3,002,101 5 11
Interest Suspense Account .. .. 15,000 0 0
Investment Fluctuation Account .. .. 1,876 16 0
Property Suspense Account .. .. 305 4 1
Income-tax reserve .. .. 15,200 1 7
Special Reserve Account .. .. 1,081 0 0
Profit and Loss Appropriation Account .. .. 41,833 1 0

£3,077,397 8 7

Assets

£ s. d. £ s. d.
Bank premises .. .. 16,536 0 0
Less depreciation.. .. 1,332 0 0

15,204 0 0

Office furniture and equipment .. 2,293 9 0
Less depreciation.. .. 260 9 0

2,033 0 0

National Bank and Bank of New Zealand Current Accounts .. .. .. 176,238 10 2

National Bank of New Zealand Deposit Account .. 100,000 0 0
Accrued interest .. .. 448 9 0

100,448 9 0

Loan Account .. .. 613,637 6 9
Accrued interest .. .. 7,864 10 4

621,501 17 1

New Zealand Government stock and debentures .. 385,750 0 0
Accrued interest .. .. 2,649 11 11

388,399 11 11

New Zealand Government war loans .. 1,485,837 5 10
Accrued interest .. .. 9,451 16 8

1,495,289 2 6

Public-body debentures .. 168,950 0 0
Accrued interest .. .. 833 6 10

169,783 6 10

Cash at Post Office Savings-bank .. .. 2,000 0 0
Accrued interest .. .. 42 10 0

2,042 10 0

National Savings Account .. .. 17,337 0 0
National Savings bonds .. .. 74,231 4 10
Sundry debtors .. .. 2,553 1 5
Rents accrued .. .. 42 10 0
Cash in hand .. .. 12,293 4 10

£3,077,397 8 7

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.
R. M. STRANG, Deputy President.
D. W. STALKER
J. M. McCROSTIE
W. M. C. DENHAM
F. G. CULLING
ADAM HAMILTON
} Trustees.

We, Malloch and Osborne, being the auditors of the Invercargill 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 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 sections 20 and 50.

MALLOCH AND OSBORNE,
GEO. OSBORNE, C.A., F.P.A. (N.Z.), Auditor.

Invercargill, 18th April, 1946.

Approved—

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

10th July, 1946.

305