8.—3 5.

" B."—continued,.— Reserve Fund. Balance .. .. .. .. .. __ 3,575,000 0 0 Balance per last statement .. .. .. .. .. 3 375 qqq g £3,575,000 0 0 £3,575,000 0 0 Note.— This balance-sheet is expressed m New Zealand currency, and no special provision has been made for the difference in the currency value of the net assets in Australia caused bv the adverse exchange rate, as the appreciation m sterling assets m London is greater than the depreciation in the net assets in Australia in so far as these are affected by the exchange rate. CERTIFICATES. of thyLnk^ml°tw y t^t'l haVin >, T 6fUU ? ,T am i n f ed l he , f ° reg rS balance-sheet (marked " A ») and statements, we are satisfied that they have been correctly compiled from the books and accounts of the bank, and that the balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof. Dated this 24th day of May, 1932. H . Btxckleton, General Manager. I, Arthur Lewis Hempton, the Chief Auditor of the Bank of New Zealand, do hereby certify— ' Gcoun^ant. '' That having carefully examined the foregoing balance-sheet (marked " A ") and statements, I am satisfied that they have been correctly compiled from the books and accounts of the bank 9 t f m so tisfied th&t the fid balance-sheet is a full and fair balance-sheet, properly drawn up, and exhibits a true and correct view of the state of the bank's affairs at the date thereof i. lhat 1 have verified so much of the cash, investments, securities, and assets of the bank as at the .date of the said balance-sheet were held at the Head Office, in Wellington, and have had access to certified returns 01 so much thereof as were then held at the various branches and agencies of the bank, or were then in transit Dated this 31st day of May, 1932. ' A. Hempton, Chief Auditor.

By Authority: W. A. G. Skinner, Government Printer, Wellington.— 1932.

Approximate Cost of Paper.—Preparation, not given ; printing (435 copies), £4.

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