SEPT. 9] THE NEW ZEALAND GAZETTE 1161

We hereby certify that to the best of our knowledge and belief
the above is a true and correct balance-sheet.

R. M. STRANG, President.
D. W. STALKER, Deputy President.
J. M. McCROSTIE
ADAM HAMILTON
F. G. CULLING
W. M. C. DENHAM
WILLIAM A. OTT

I, George Osborne, being the auditor of the Invercargill Savings-
bank appointed in terms of section 4 of the Savings-banks Amendment
Act, 1923, hereby certify : (1) That I am 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 Amend-
ment Act, 1923 ; (2) that I have verified the cash, investments,
securities, and assets of the savings-bank as at the date of the balance-
sheet ; (3) that I have obtained all the information and explanations
I have required ; (4) that the Acting-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.

GEO. OSBORNE, F.P.A.N.Z., Auditor.

Invercargill, 21st April, 1948.

Approved—
C. J. ATKIN,
Second Assistant Secretary to the Treasury,
17th August, 1948.

DUNEDIN SAVINGS-BANK

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

RECEIPTS
£ s. d.
Balance .. .. .. .. 154,841 11 0
Lodged by depositors—
Head Office .. 1,881,718 5 1
Head Office National
Savings investment
accounts .. 350,731 17 6
South Dunedin Branch .. 182,505 4 0
North Dunedin Branch .. 81,584 13 2
————————
2,496,539 19 9
Loan interest .. .. .. 85,671 16 8
Debenture interest .. .. .. 87,236 4 6
Bank interest .. .. .. 1,850 13 6
National Savings interest .. .. .. 48,674 14 6
Loans repaid .. .. .. 229,824 4 3
Debentures repaid .. .. .. 98,970 11 5
Charges .. .. .. 573 16 9
Rents .. .. .. 969 7 7
Fines .. .. .. 15 9 0
Staff Provident Fund .. .. .. 206 2 6
National Savings Bonds Imprest .. .. .. 1,014 0 0
————————
£3,206,388 11 5

Balance .. .. .. .. £161,014 7 6

PAYMENTS
Withdrawn by depositors—
Head Office .. 1,692,576 15 6
Head Office National
Savings investment
accounts .. 253,921 13 5
South Branch .. 194,241 17 7
North Branch .. 85,758 18 8
————————
2,226,499 5 2
Trustees valuation fees .. .. .. 474 12 0
Charges .. .. .. 16,475 10 11
Income-tax and social security taxes.. .. .. 23,245 8 11
Loans granted .. .. .. 361,010 14 4
Debentures purchased .. .. .. 407,056 1 0
National Savings Bonds Imprest .. .. .. 1,014 0 0
Grants .. .. .. 5,000 0 0
Loan interest .. .. .. 27 14 11
Office furniture .. .. .. 2,091 0 11
Staff Provident Fund .. .. .. 475 14 4
Debenture premium .. .. .. 253 2 7
Debenture interest .. .. .. 1,750 18 10
Balance .. .. .. .. 161,014 7 6
————————
£3,206,388 11 5

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1948
Dr.
£ s. d.
Interest credited to depositors .. .. .. 118,295 11 9
Interest on Staff Provident Funds .. .. .. 558 10 10
Interest accrued on National Savings deposits .. 37,353 8 8
Charges .. .. .. 16,458 6 1
Depreciation—
Buildings .. .. .. 1,000 0 0
Office furniture .. .. .. 691 0 11
————————
1,691 0 11
Balance : Transferred to Appropriation Account .. 45,719 19 1
————————
£220,076 17 4

Cr.
£ s. d.
Interest on investments .. .. .. 181,738 12 1
Interest accrued on National Savings investments .. 37,353 8 8
Fines .. .. .. 15 9 0
Rents .. .. .. 969 7 7
————————
£220,076 17 4

APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1948
Dr.
£ s. d.
Provision for taxation .. .. .. 26,231 18 11
Transfer to Reserve Fund .. .. .. 250,709 7 2
Grants—
Presbyterian Social Service Association—Seacliff Hospital Library .. 100 0 0
Waikouaiti Health Camp .. .. .. 100 0 0
Otago Health Camp Executive .. .. .. 100 0 0
Dunedin Combined Orphanages .. .. .. 300 0 0
St. John Ambulance Association .. .. .. 200 0 0
British Sailors’ Society (Otago Branch) .. .. .. 150 0 0
Dunedin Citizens’ Day Nursery .. .. .. 150 0 0
Otago Early Settlers’ Association .. .. .. 450 0 0
Dunedin Free Kindergarten Association .. .. .. 250 0 0
Dunedin Public Library .. .. .. 200 0 0
Royal New Zealand Society for the Health of Women and Children .. 350 0 0
Patients’ and Prisoners’ Aid Society .. .. .. 100 0 0
New Zealand League for the Hard of Hearing .. .. .. 150 0 0
New Zealand Home-Servicemen’s Association .. .. .. 50 0 0
Otago Centennial Association (Inc.) .. .. .. 1,000 0 0
Dunedin Returned Services’ Association (Inc.) .. .. .. 200 0 0
Portobello Marine Fish Hatchery .. .. .. 150 0 0
Wakari - Kaikorai Improvement Society .. .. .. 100 0 0
Otakou Maori Centennial Memorial .. .. .. 100 0 0
University of Otago—Scholarship Fund .. .. .. 700 0 0
Otago Education Board .. .. .. 100 0 0
————————
5,000 0 0
Balance .. .. .. 14,855 9 2
————————
£296,796 15 3

Cr.
£ s. d.
Balance .. .. .. 251,076 16 2
Transfer from Profit and Loss Account .. .. .. 45,719 19 1
————————
£296,796 15 3

Balance .. .. .. £14,855 9 2

BALANCE-SHEET AS AT 31ST MARCH, 1948
Liabilities
£ s. d.
Amount at credit of 54,143 depositors .. 5,119,415 7 11
Amount at credit of 10,654
National Savings investment accounts .. 1,713,696 0 9
Accrued interest .. 37,353 8 8
————————
1,751,049 9 5
Ex-servicemen’s Loan Scheme Reserve Fund .. 10,000 0 0
Staff Provident Reserve Fund .. 3,096 17 7
Staff Provident Fund .. 14,587 7 10
Post Office Imprest Account .. 4,300 0 0
Reserve Fund .. 275,000 0 0
Provision for taxation .. 26,236 10 0
Profit and Loss Appropriation Account .. 14,855 9 2
————————
£7,218,541 1 11

Assets
£ s. d. £ s. d.
Loans on mortgage .. 2,215,317 7 1
Accrued interest .. 12,698 3 10
————————
2,228,015 10 11
Debentures—
New Zealand Government Stock Account—
National Savings .. 1,713,696 0 9
Accrued interest .. 6,433 12 5
————————
1,720,129 13 2
New Zealand Government War Loans .. 1,055,295 0 0
New Zealand Government stock, bonds, and debentures .. 1,101,019 11 8
Local-body debentures .. 794,324 1 4
Accrued interest .. 32,830 4 0
————————
2,983,468 17 0
Office furniture .. 5,691 0 11
Less depreciation .. 691 0 11
————————
5,000 0 0
Land and buildings .. 37,000 0 0
Less depreciation .. 1,000 0 0
————————
36,000 0 0
Rents accrued .. 100 0 0
National Savings bonds on imprest .. 4,300 0 0
Fixed deposits .. 80,000 0 0
Accrued interest .. 512 13 4
————————
80,512 13 4
Cash in hand and at bank .. 161,014 7 6
————————
£7,218,541 1 11