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F.—l

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Savings-bank. During the year 42 offices were opened and 5 closed, leaving 721 offices open at the end (if 1912. 85,529 accounts were opened and 58,896 closed, the net gain on the years working being 26,633 accounts. The number of accounts on the 31st December, 1912, was 432,199, and the proportion per bead of population was lin 255, as compared with lin 2 - 65 at the end of the previous year. The deposits numbered 877.889. representing £11.725,182 16s. 5d.. an average of £13 7s. Id. per transaction. The withdrawals numbered 589,388. for £11,449,71] -'is. 7d., an average of £19 Bs. (id. for encli withdrawal. The net amount added by depositors to their savings during the year was £275,471 12s. lOd.. excess of deposits, plus £511,598 18s. Bd. interest earned and credited, making a total of £787.070 11s. 6d. The total amount at credit of depositors increased from £15,543,186 16s. Bd. at the close of the previous year to £16,330,257 Bs. 2d. on the 31st December last, representing a sum equal to £14 16s. 3d. per head of the entire population, and £37 15s. Bd. to each depositor. The interest credited to depositors since the Post Office Savings-banks were established in 1867 amounts to £5,985,599 15s. lOd. The cost of working the savings-banks amounted to 4-74 d. per transaction, or £29,000 for the year. The cost of management per cent, on the total amount at credit of depositors was 0-18 per cent., or 3s. 7d., per £100. From Ist May, 1913, the rate of interest on savings-bank deposits not exceeding £300 was raised from 3J per cent, to 3f per cent. Contributors to the National Provident Fund who are also depositors in the Savings-bank may now have contributions deducted from their savings-bank account. The system of savings-bank nominations by persons wishing to nominate a relative or friend to receive any savings-bank moneys at their credit in the event of death continues to find public favour. \t tin- present iinic 1.1 I") nominations are recorded in the books of the Department. The numbei of savings-bank depositors who have given orders for the deduction of their Government fnsurance premiums as they fall due from the balance to credit of their savings-bank accounts is 2,195. The subscribers to the National Provident Fund who have acted in a like manner number I Hi. Transfers cif savings-bank accounts between the Dominion and the United Kingdom by depositors removing both to and from New Zealand last year totalled (iBO. A new edition of Pout Office Savings-bank regulations and instructions was issued during the year. Work performed for other Departments. Among the many branches of Government work performed by the Department may be mentioned the following : — Customs duties were collected on parcels and other articles coining through the post from places beyond the Dominion amounting to 177.311 lls. 9d., and on account of ordinary Customs work £1,176 Is. 4d. Advances to Settlers receipts amounted to £2,656,116 ss. Bd., and payments to £2,672,578 18*. 7d. Fishing licenses were issued by Postmasters to the value of 1 1 . 1 80 2s. 6d.. and game licenses to the value of £3,876 16s. For the Government Insurance Department premiums were collected from the public amounting to £29,490 ss. 6d. The sum of £28,550 18s. 9d. was paid to Imperial pensioners by Postmasters. Income-tax amounting to £277.529 11s. Id. and land-tax to £543,739 10s. 9d, was collected by Postmasters. The sum of £9,901 7s. 6d., fees due to the Machinery Department, was received. Under the Mining Act the receipts were £175 15s. New Zealand Consols for £2,120 were sold on behalf of the Treasury. On behalf of the Public Trustee, £958,745 9s. Bd. was received and £975,877 10s. lid. paid. Pees received for tile registration of births, deaths, and marriages an nted to £2,723 Is. Receipts from the Hanmer Springs Sanatorium amounted to !:2.29r> 2s. ild. Valuation fees paid to Postmasters reached £6,096 6s. Bd. Claims on the General Government for £1,519,023 2s. lid. were paid on behalf of the Treasury. Discount-stamps numbering i>74.880. for £1,015 10s.. were sold and 978,672, for £1,019 95., redeemed during the year. Contributions to the National Provident Fund collected by Postmasters amounted to £5,38] l-'ss. Id. Old-age pensions paid during 1912 amounted to £413,530 55., military pensions to £20<> 55., and widows' pensions to £18,527 ss. 9d.. while payments on behalf of the Public Service Superannuation Board reached £99;674 6s. 7d. On the Ist April. H)J3. the duties of the Collectors of Customs at Oamaru and Hokitika were transferred to the Chief Postmasters. Telegraphs. The total value of the telegraph and telephone business for the year ended Slst March, 1913, including miscellaneous telegraph receipts and Government telegrams, was £528,119 Its. 2d.. as compared with £479.289 17s. 4d. for the previous year, an increase of £48,829 16s. 10d.. or 10-19 per cent.

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