SEPT. 9] THE NEW ZEALAND GAZETTE 1159

Assets
First mortgages on freehold securities .. 3,212,109 10 4
Interest accrued due .. 12,468 5 6

3,224,577 15 10

New Zealand Government inscribed stock .. 14,887,764 10 5
New Zealand Government inscribed stock (War Loan) 900,000 0 0
Interest accrued .. 131,809 8 11

15,919,573 19 4

National Savings bonds investments .. 100,295 14 9
Interest accrued .. 3,035 12 9

103,331 7 6

National Savings—
New Zealand Government inscribed stock .. 2,335,000 0 0
Cash in hand .. 882 11 10

2,335,882 11 10

Local-body debentures .. 1,346,662 13 3
Interest accrued .. 14,974 8 5

1,361,637 1 8

Interest accrued on advance payment of income-tax .. .. 395 0 0
Premises and property .. .. 63,000 0 0
Furniture and fittings .. 9,393 3 1
Less depreciation reserve .. 7,093 3 1

2,300 0 0

Office calculating and book-keeping machines .. 8,235 11 10
Less depreciation reserve .. 2,785 11 10

5,450 0 0

Home safes .. 1,366 13 9
Less depreciation reserve .. 1,316 13 9

50 0 0

Cash in hand and at bankers .. .. 1,409,048 8 4

£24,425,246 4 6

F. E. SUTHERLAND, General Manager.

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

ERNEST DAVIS, President.
ALEX. HARRIS, Deputy President.
O. NICHOLSON
W. H. RICE
R. F. BARTER
E. ANDERSON
W. T. ANDERTON
P. RICHARDSON
G. W. SANDERS
} 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, 1948, 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, 1948; (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—
C. J. ATKIN,
Second Assistant Secretary to the Treasury,
17th August, 1948.

NEW PLYMOUTH SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1948:—

RECEIPTS
Cash and bank balance .. .. 90,502 18 10
Fixed deposits maturing during year at the Bank of New Zealand .. .. 100,000 0 0
Deposits received .. .. 1,223,964 2 9
Deposits received for National Savings campaign 164,321 13 7
Loans and advances repaid .. 135,716 19 11
Interest on mortgages and investments .. 87,939 10 8
Valuation fees received .. .. 349 18 6
Refund on account of rates and insurance premiums .. .. .. 14 9 6
Repayment of debentures .. .. 5,389 2 3
Repayment of Government stock .. .. 20,000 0 0
Repayment of National Savings .. .. 37,001 0 0
Refund from Government on account of National Savings .. .. .. 68,000 0 0
Commissions on Government stock and sundries 109 13 11
Interest received from National Savings investments .. .. .. 23,622 10 2
Sale of money-boxes .. .. 1 0 0

£1,956,933 0 1

PAYMENTS
Withdrawals .. .. .. 1,204,257 16 1
Transfers to Treasury re National Savings campaign .. .. .. 116,000 0 0
Advances made .. .. .. 219,568 5 7
New Zealand Government inscribed stock and local-body debentures purchased .. 84,500 0 0
Management, administration charges, including salaries, audit fee, and trustees’ fees .. 7,730 6 7
Bank rates and insurance premiums .. 231 19 0
Advertising, printing, and stationery .. 804 10 6
Donations .. .. .. 660 0 0
Income and social security taxation .. 10,000 0 0
Insurance and rates advanced to borrowers .. 18 5 4
Expenses inspecting and maintaining securities 620 8 0
Share earthquake premiums paid to mortgagors 10 17 7
Withdrawals and transfers of National Savings deposits and interest paid to depositors .. 96,079 6 1
Lodgments with Bank of New Zealand on fixed deposit .. .. .. 114,500 0 0
Furniture and office plant purchased .. 1,369 19 6
Money-boxes purchased .. .. 29 12 5
Cash and bank balances .. .. 100,551 13 5

£1,956,933 0 1

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1948

Dr.
Interest credited to depositors’ accounts and Staff Provident Fund .. .. .. £ s. d.
59,712 3 1
Management expenses and charges, including expenses inspecting securities, less valuation fees received .. .. .. 8,833 19 0
Bank rates, insurance premiums, and share of earthquake premiums of properties mortgaged to the bank .. .. .. 242 16 7
Depreciation written off .. .. .. 357 4 0
Net profit transferred to Profit and Loss Appropriation Account .. .. .. 21,352 16 5

£90,498 19 1

Cr.
Interest received and accrued on mortgages and investments .. .. .. £ s. d.
90,389 5 2
Sundry receipts .. .. .. 109 13 11

£90,498 19 1

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1948

Dr.
Provision for taxation on 1948 accounts .. .. £ s. d.
12,326 0 0
Donations .. .. .. 660 0 0
Balance .. .. .. 90,909 14 7

£103,895 14 7

Cr.
Balance, 1st April, 1947 .. .. .. £ s. d.
82,542 18 2
Net profit for year transferred .. .. 21,352 16 5

£103,895 14 7

Balance carried down .. .. .. £90,909 14 7

BALANCE-SHEET AS AT 31ST MARCH, 1948

Liabilities
Amount at credit of depositors—
Ordinary .. .. .. £ s. d.
2,541,191 11 11
National Savings accounts .. .. 809,679 18 8
Staff Provident Fund .. .. 10,424 16 11
Sundry creditors—
Post Office Savings-bank Account: National Savings bonds .. .. 1,000 0 0
Suspense interest (National Savings investments) .. .. .. 14,834 6 4
Reserves—
Property and investment fluctuation reserve 6,565 7 9
Provision for taxation .. .. 13,713 10 0
Depreciation reserve .. .. 1,549 6 4
Profit and Loss Appropriation Account: Balance 90,909 14 7

£3,489,868 12 6