PROFIT AND LOSS APPROPRIATION ACCOUNT, 31ST MARCH, 1950
Dr.
Grants—
Ex-Royal Naval Men's Association
of New Zealand
Combined City Bands
Otago Beneficiaries and Old Folks
Association
Selwyn College Board of Governors
for Student Hostels
Otago and Southland War
Amputees' Association
Otago Early Settlers Association
Waikouaiti Health Camp
Committee
St. Kilda Surf Life-saving Club
Navy League (Otago Branch)
Otago Model Engineering Society
Otago Tuberculosis Association
St. John Ambulance Association
Dunedin Free Kindergarten
Association for Pre-School Centre,
Anderson Bay
Dunedin Citizens' Day Nurseries
North-east Valley Kindergarten
Building Fund
Otago Surf Life-saving Association
Boys Brigade, Otago Branch
N.Z. League for the Hard of Hearing
Otago Museum
Dunedin Returned Services
Association-
Headstones
Bursaries
Royal and Merchant Navy Club,
Port Chalmers
Dunedin Combined Orphanages
Otago University Commerce
Scholarship Fund
Transfer to Reserve Fund ..

Cr.
Balance

Dr.
Provision for grants
Provision for taxation
Transfer to Reserve Fund

Cr.
Profit and Loss Account

RESERVE FUND
Dr.
Loss on loan on mortgage
Balance

Cr.
Balance
Profit and Loss Appropriation Account
Profit on realization of security
Ex-servicemen's Loan Scheme Reserve Fund
Profit and Loss Appropriation Account
Balance

BALANCE-SHEET AS AT 31ST MARCH, 1950
Depositors' balances—
Savings-bank
Thrift Clubs
Ordinary depositors' total
National Savings—
Depositors' Balances
Add National Savings
Interest Suspend
Account
Other Credit Balances—
Staff Provident Funds
Post-office imprest Account
Provision for taxation
Provision for grants
Reserve Fund

Current assets—
Cash in hand and at bankers
Fixed deposits

Interest due and accrued
on Investments, &c.
Rents accrued
Total Current Assets
Investments—
New Zealand Government
inscribed stock
National Savings bonds
Local-body debentures
First mortgages on freehold
property
Total of Investments
Total of current assets and investments
National Savings securities—
New Zealand Government
inscribed stock
Cash in hand and at bankers
Total securing National Savings depositors
Total of current assets, investments, and
securities
Fixed Assets : At cost less
depreciation—
Land and buildings
Office furniture
National Savings bonds on imprest

JAS. W. DOVE, President.

We, the undersigned, J. S. McInnes and Sons, and Jas. Brown
and Co., being the auditors of the Dunedin Savings-bank, appointed
in terms of section 29 (3) of the Trustee Savings-banks Act,
1948, report: (1) That we have examined the books, accounts,
and vouchers of the bank, and have received all the information
and explanations we have required; (2) that we have verified the
cash, investments, securities, and assets of the bank as at 31st
March, 1950; (3) that the Manager has certified that, to the best
of his knowledge and belief, all requirements of the Trustee Savings-
banks Act, 1948, and regulations thereunder have been complied
with; (4) that we have perused a statement from the National
Bank of New Zealand, Ltd., agreeing to discount fixed deposits on
demand.

In our opinion, the above balance-sheet is drawn up so as to
exhibit a true and correct view of the state of affairs of the Dunedin
Savings-bank according to the best of our information and the
explanations given to us, and as shown by the books of the bank.

J. S. MCINNES AND SONS \Auditors.
JAMES BROWN AND CO.

Dunedin, 28th April, 1950.

INVERCARGILL SAVINGS-BANK
STATEMENT of Receipts and Payments for the Year ended
31st March, 1950 :-
RECEIPTS
Cash in hand and at banks, 31st March, 1950
Amount lodged by depositors
Interest received on mortgages
Interest received on fixed deposits
Interest received on Government stock
Interest received on public-body debentures
Rents
Bad debts recovered
Commission and exchanges
Mortgages repaid during year
Government stock matured
Public-body debentures matured
Valuation and inspection fees
National savings interest

PAYMENTS
Invested in first mortgages during year
Repaid depositors
Purchase of stock and debentures
Placed on fixed deposit
Charges and management expenses
Income and social security taxes
Donations and endowments
Furniture and office equipment
Inspection fees
Cash in hand and at banks