B.—l [PT. IV], SUP. TO 1937.

POST AND TELEGRAPH DEPARTMENT—continued. SAVINGS-BANK BRANCH. Profit and Loss Account foe the Year ended 31st March, 1937. Dr. £ s. d. Or. £ s. d. £ s. d. Interest credited to depositors .. .. 1,512,894 19 2 Interest received .. .. 1,672,944 9 5 Management expenses .. .. .. 145,103 11 4 Plus interest accrued to 31st Balance carried to Appropriation Account .. 85,459 8 0 March, 1937 .. .. 377,706 5 0 2,050,650 14 5 Less interest accrued to 31st March, 1936 .. .. 34-8,956 0 9 1,701,694 13 8 Sundry receipts .. .. .. 41,823 410 £1,743,517 18 6 £1,743,517 18 6 Appropriation Account for the Year ended 31st March, 1937. £ s. d. £ s. d. Savings-bank profits paid to Consolidated Fund 40,000 0 0 Balance brought forward .. .. .. 22,683 610 Balance carried forward .. .. .. 68,142 14 10 Profit and Loss Account .. .. .. 85,459 8 0 £108,142 14 10 £108,142 14 10 — — — Balance-sheet of the New Zealand Post Office Savings-bank as at 31st March, 1937. Liabilities. £ s. d. Assets. £ s. d. Balance at credit of depositors' accounts .. 58,093,849 4 9 Cash on hand and at bank .. .. 781,174 2 4 Letters of credit and other liabilities .. 28,341 17 3 Investments .. .. .. .. 58,210,429 12 2 Reserve Fund .. .. .. .. 1,172,236 5 4 Interest accrued on investments .. .. 377,706 5 0 Advances to Postmasters, &c., of stamps, &e. 1,819 16 1 Thrift stamps held by teachers .. 79 18 9 Advance for school savings-bank expenses .. 5,000 0 0 Profit and Loss Appropriation Account .. 68,142 14 10 £59,369,389 18 3 £59,369,389 18 3 A. Marshall, F.R.A., N.Z., Director of Accounts. G. 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. —J. H. Fowler, Controller and Auditor-General.

43