SEPT. 15] THE NEW ZEALAND GAZETTE 2317

PAYMENTS

Savings-bank withdrawals .. .. .. 9,178,261 0 3
Provident Fund .. .. .. 5,210 0 10
Mortgagors’ Suspense Account .. .. 1,334 10 9
Mortgage advances .. .. 637,737 7 0
New Zealand Government inscribed stock .. .. 505,473 17 11
National Savings bonds investments .. .. 3,897 8 9
Local-body investments .. .. 16,389 11 2
Charges .. .. .. 75,862 10 8
Exchange .. .. 248 12 9
Income and social security taxes .. .. 96,204 9 2
Furniture and fittings .. .. 664 5 10
Home safes fees refunded .. .. 2 0 0
Rent .. .. .. 25 0 0
Donations .. .. 2,000 0 0
Mortgage sundries .. .. 844 6 5
Premiums and charges on investments .. .. 2,208 16 11
Interest Suspense Account on investments .. .. 960 12 0
Securities Realization Account .. .. 11 3 9
National Savings interest and repayments .. .. 246,195 1 1

National Savings—
New Zealand Government inscribed stock .. .. 283,000 0 0
Bonds .. .. .. 5,329 0 0
Earthquake and war-damage insurance .. .. 257 2 4
Mortgage securities inspections .. .. 2,127 11 2

Balance, Current Account, £ s. d.
Bank of New Zealand 1,359,751 16 2
Balance, cash in hand 79,369 10 11
1,439,121 7 1

£12,503,365 15 10

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1949

Dr.
Interest on—
Depositors’ closed accounts £ s. d. £ s. d.
Depositors’ open accounts .. 8,859 15 9
.. 471,114 7 3 479,974 3 0

Provident Fund .. .. 6,024 1 11

Charges—
Ordinary .. .. 75,500 18 3
Provident Fund .. .. 7,414 0 6 82,914 18 9

Depreciation on—
Buildings .. .. 3,000 0 0
Furniture and fittings .. .. 451 5 10
Office calculating and book-
keeping machines .. .. 450 0 0 3,901 5 10

Provision for taxation .. .. .. 87,520 19 3
Net profit .. .. .. 65,182 6 5

£725,517 15 2

Cr.
Interest on—
Bank of New Zealand Current
Account .. .. 18,790 11 3
New Zealand Government
inscribed stock .. .. 496,942 15 10
National Savings bonds .. .. 2,371 5 9
Local-body debentures .. .. 48,365 11 10
Mortgages .. .. 153,532 9 3 720,002 13 11

Rent .. .. .. 856 0 0
Safe custody fees .. .. .. 130 15 9
Exchange and commissions .. .. .. 1,560 4 5
Bad debts recovered .. .. .. 2,708 0 0
Profit on security realized .. .. .. 260 1 1

£725,517 15 2

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1949

Dr.
Premiums, &c., on Government inscribed stock and
debenture purchases £ s. d.
Interest accrued on Government inscribed stock
and debenture purchases 1,008 7 9
960 12 0
Provision for donations 18,000 0 0
Balance to Reserve Fund 75,780 8 2

£95,749 7 11

Cr.
Balance, 1st April, 1948 £ s. d. £ s. d.
Less Donations paid during the
year .. .. 2,000 0 0 15,166 10 8

Provision for donations (re-appropriated 1949) 10,000 0 0
Provision for taxation (over-provision, 1948) 5,400 10 10
Net profit 65,182 6 5

£95,749 7 11

BALANCE-SHEET AS AT 31ST MARCH, 1949

Depositors’ balances—
Savings-bank Department £ s. d. £ s. d.
Thrift Clubs Department 20,667,658 5 6
Penny Bank Department 267,056 14 8
Schools’ Banks Department 5,141 5 9
51,339 2 1

Ordinary depositors’ total .. .. 20,991,195 8 0
National Savings depositors’
total £ s. d.
Add: National Savings
Interest Suspense Account 2,618,505 2 7
46,874 15 2 2,665,379 17 9

Other liabilities—
Staff Provident Fund 128,424 8 1
Provision for taxation 87,520 19 3
Provision for donations 18,000 0 0

Total of other liabilities .. .. 233,945 7 4

Total of liabilities and provisions .. .. 23,890,520 13 1
Reserve Fund .. .. 1,400,780 8 2

£25,291,301 1 3

Current assets—
Cash in hand and at bankers £ s. d. £ s. d.
Interest due and accrued
on investments, &c.. 1,391,741 9 4
165,880 12 7

Total current assets .. .. 1,557,622 1 11

Investments—
New Zealand Government
inscribed stock £ s. d.
National Savings bonds 16,194,818 17 6
Local-body debentures 76,501 4 11
First mortgages on free-
hold property 1,261,097 12 4
3,468,331 6 10

Total investments .. .. 21,000,749 1 7

Total of current assets and investments .. .. 22,558,371 3 6

National Savings securities—
New Zealand Government
inscribed stock £ s. d.
Cash in hand 2,618,000 0 0
47,379 17 9

Total securing National Savings depositors .. .. 2,665,379 17 9

Total of current assets, investments, and securities 25,223,751 1 3

Fixed assets, at cost less
depreciation—
Premises and property £ s. d.
Furniture and fittings 60,000 0 0
Less depreciation reserve 9,330 17 8
6,830 17 8 2,500 0 0

Office calculating and book-
keeping machines 7,412 0 8
Less depreciation reserve 2,412 0 8 5,000 0 0

Home safes 1,230 0 4
Less depreciation reserve 1,180 0 4 50 0 0

£25,291,301 1 3

F. E. SUTHERLAND, General Manager.

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

E. DAVIS, President.
ALEX. HARRIS, Deputy President.
G. W. SANDERS
W. H. RICE
E. ANDERSON
R. F. BARTER
W. T. ANDERTON
O. NICHOLSON
P. RICHARDSON
T. F. ANDERSON

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-banks’ affairs as at the 31st March, 1949, 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, 1949; (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,
28th July, 1949.

D 425