5

F.—2,

POST AND TELEGRAPH DEPARTMENT—continued. NEW ZEALAND POST OFFICE SAVINGS-BANK. Profit and Loss Account foe the Year ended 31st Mabch, 1929. Dr - £ s. d. Or. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,745,050 5 4 By Interest received .. 1,922,247 13 2 Management expenses .. .. .. 108,811 12 0 Plus interest accrued to Balance carried to Appropriation Account 81,657 1 1 31st March, 1929 .. 558,698 14 2 2,480,946 7 4 Less interest accrued on 31st March, 1928 .. 547,779 1 3 1,933,167 6 1 Sundry receipts .. .. .. 2,351 12 4 £1,935,518 18 5 £1,935,518 18 5 Appeopeiation Account, Dr - £ S. d. Cr. £ s. d. To Savings-bank profits paid to Consolidated Fund. 67,868 18 2 By Balance brought forward .. .. .. 27,868 18 2 Balance carried forward .. .. .. 41,657 1 1 Profit and Loss Account .. .. .. 81,657 1 1 £109,525 19 3 £109,525 19 3 Balance-sheet as at the 31st March, 1929. Liabilities. £ s. d. Assets. £ s . d. Balance at credit of depositors'accounts .. 48,644,217 0 6 Cash on hand and at bank .. ~ 321,299 6 4 Letters of credit and other liabilities .. 5,525 15 8 Investments (at cost price).. .. .. 48,810,741 16 9 Reserve Fund .. .. .. .. 1,000,000 0 0 Sundry debtors .. .. .. .. 660 0 0 Profit and Loss Appropriation Account .. 41,657 1 1 Interest accrued on investments .. .. 558,698 14 2 £49,691,399 17 3 £49,691,399 17 3 H. D. Edwards, A.1.A.N.Z., Controller of Accounts. G. McNamara, Secretary, General Post Office. I hereby certify that the Profit and Loss Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. G. F. C. Campbell, Controller and Auditor-General.