B.—l [PT. IV], Sup. TO 1935.

POST AND TELEGRAPH DEPARTMENT—continued,. SAVINGS-BANK BRANCH. Profit and Loss Account fob the Year ended 31st March, 1935. Dr. £ s. d. Cr. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,318,651 15 5 By Interest received .. 1,508,226 6 0 Management expenses .. .. .. 128,359 13 11 Plus interest accrued to Balance carried to Appropriation Account.. 79,509 .6 6 to 31st March, 1935 .. 307,666 3 6 1,815,892 9 6 Less interest accrued on 31st March, 1934 323,339 15 4 1,492,552 14 2 Sundry receipts .. .. .. 33,968 1 8 £1,526,520 15 10 £1,526,520 15 10 Appropriation Account for the Year ended -31st March, 1935. Dr. £ S. d. Gr. £ g. d. To Savings-bank profits, paid to Consolidated Fund 145,750 0 0 By Balance brought forward .. .. .. 120,723 1 10 Balance carried forward .. .. .. 54,482 8 4 Profit and Loss Account .. .. .. 79,509 6 6 £200,232 8 4 £200,232 8 4 Balance-sheet of the New Zealand Post Office Savings-bank as at 31st March, 1935. Liabilities. £ s. d. Assets. £ s. d. Balance at credit of depositors'accounts .. 49,426,059 12 4 Cash on hand and at bank .. .. 4,057,905 610 Letters of credit and other liabilities .. 16,685 14 2 Investments .. .. .. .. 46,312,684 0 8 Reserve Fund .. .. .. .. 1,173,509 12 4 Interest accrued on investments .. .. 307,666 3 6 Advances to Postmasters, &c.. of stamps, &c. .. 2,874 10 1 Sundry debtors .. .. .. .. 280 18 1 Advance for school savings-bank expenses .. 5,000 0 0 Thrift stamps held by teachers .. .. 75 8 2 Profit and Loss Appropriation Account .. 54,482 8 4 £50,678,611 17 3 £50,678,611 17 3 A. Marshall, A.R.A.N.Z., Director of Finance and Chief Accountant. 6. McNamara, Director-General, Post and Telegraph Department. 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.

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