PAYMENTS

Withdrawn by depositors—
Head Office ..1,492,550 14 5
Head Office National Savings
investment accounts .. 155,499 18 11
South Dunedin Branch .. 174,788 1 3
North Dunedin Branch .. 75,355 6 11

Trustees' valuation fees ..
Charges ..
Income-tax and social and national security taxes
Trustees' fees ..
Loans granted
Debentures purchased
National Savings Bonds Imprest
Grants
Loan interest
Earthquake and war-damage-insurance premiums
Office furniture
Staff Provident Fund
Debenture premium
Balance ..

Profit AND Loss Account FOR YEAR ENDED 31st MARCH, 1947

Dr.
Interest credited to depositors .. 111,118 19 4
Interest on Staff Provident Funds .. 600 2 1
Interest accrued on National Savings deposits .. 33,862 8 11
Charges
Depreciation—
Buildings .. 1,000 0 0
Office furniture .. 609 12 3

Balance : Transferred to Appropriation Account .. 41,555 12 0

Cr.
Interest on investments .. 167,130 0 11
Interest accrued on National Savings investments 33,862 8 11
Fines 14 12 0
Rents 934 16 11

APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1947

Dr.
Income-tax and social and national security taxes 25,949 2 3
Provision for taxation .. 23,250 0 0
Transfer to Staff Provident Reserve Fund .. 1,000 0 0
Grants—
British Sailors' Society (Otago
Branch) (Inc.) .. 100 0 0
Children's Rest Home .. 100 0 0
Dunedin United Orphanages .. 250 0 0
Waikouaiti Health Camp .. 100 0 0
Otago Model Engineering Society 150 0 0
Combined City Bands .. 100 0 0
Dunedin Returned Services'
Association (Inc.) .. 400 0 0
Dunedin Citizens' Day Nursery .. 100 0 0
Dunedin Free Kindergarten Association (for equipment) .. 300 0 0
Patients' and Prisoners' Aid
Society (Inc.) .. 100 0 0
St. John Ambulance Association 500 0 0
Returned Services' Association
(Port Chalmers) .. 200 0 0
Methodist Central Mission (Social
Service Department).. 100 0 0
Plunket Society (Otago Branch)
(Sub-Branches) .. 500 0 0
University Student Accommodation (Selwyn College Extension) 1,000 0 0
Dunedin Health Camp Executive 500 0 0
New Zealand Society for Protection
of Women and Children (Otago
Branch) .. 25 0 0
Dominion Council Plunket
Society Pre-school Education
Centre .. 25 0 0
King Edward Technical College .. 250 0 0

Balance .. 4,800 0 0
Transfer from Profit and Loss Account .. 41,555 12 0

Cr.
Balance .. 264,520 6 5

Balance .. £251,076 16 2

BALANCE-SHEET AS AT 31st MARCH, 1947

Liabilities
Amount at credit of depositors .. 4,827,889 5 8
National Savings investment £ s. d.
accounts .. 1,571,371 3 5
Interest accrued .. 33,862 8 11

Debenture Premium Account .. 24,003 3 2
Ex-servicemen’s Loan Scheme Reserve Fund .. 10,000 0 0
Provision for taxation .. 23,250 0 0
Staff Provident Reserve Fund .. 2,492 1 7
Staff Provident Fund .. 14,903 4 10
Post Office Imprest Account .. 4,300 0 0
Profit and Loss Appropriation Account .. 251,076 16 2

£6,763,148 3 9

Assets
Office furniture .. 4,209 12 3
Less depreciation

Land and buildings .. 38,000 0 0
Less depreciation

Rents accrued .. 100 0 0
Loans on mortgage .. 2,084,432 18 6
Accrued interest .. 11,543 17 0

Debentures
New Zealand Government
Stock Account—
National Savings .. 1,571,371 3 5
Accrued interest .. 5,810 9 7

New Zealand Government
War Loans .. 1,055,295 0 0

New Zealand Government
stock, bonds, and debentures .. 986,217 16 2
Local bodies .. 731,482 13 5
Accrued interest .. 36,640 1 4

National Savings bonds on imprest .. 4,300 0 0
Fixed deposits .. 80,000 0 0
Accrued interest .. 512 13 4

Cash in hand and at bank .. 154,841 11 0

£6,763,148 3 9

A. THOMAS, Manager.
W. G. HILLIKER, Accountant.
D. G. McMILLAN, President.
M. CONNELLY, Deputy President.
D. C. CAMERON
JAS. W. DOVE
J. H. F. HAMEL
R. WALLS
A. STEEL

We, Jas. Brown and Co. and J. S. McInnes and Sons, being the
auditors of the Dunedin 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 hereof, in accordance
with the requirements of the Savings-banks 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 we have received from the manager a certificate
to the effect that, to the best of his knowledge and belief, the
terms of the Savings-banks Act, 1908, and amendments, have been
complied with, excepting section 20 of the principal Act.

JAS. BROWN AND CO.
J. S. McINNES AND SONS Auditors.

Dunedin, 18th April, 1947.

Approved—

C. J. ATKIN,
For Assistant Secretary to the Treasury,
5th June, 1947.