SAVINGS BANKS

Evening Post, Volume CXXIII, Issue 99, 28 April 1937, Page 14

SAVINGS BANKS

DUNEDIN AND AUCKLAND

(By Telegraph—Press Association.) ' DUNEDIN, April 27, V The Dunedin Savings bank's balancesheet for the year ended March 31 showed that the amount lodged by depositors was £907,232, witnurawais totalling £915,543. Interest added tor the year was £67,838, while the total standing to the credit of depositors was £2,365,000. On the whole tne year had been very successful, a large volume of business having been put through and a considerable number oi new accounts having been "opened.

A record year's business, with assets totalling £8,962,850, and with an aggregate of £8,021,110 at the credit of depositors, was shown in the annual report of the Auckland Savings Bank, presented by the president, Mr. A. Harris at the annual meeting of trie trustees of. the bank :on .Monday. In pointing to the high level of assets and depositors1., balances, -Mr; Harris said such a practical example'of tontmess on the part of the bank's 176,000 depositors was. tangible .'evidence that people were not unmindful of the virtues of self-reliance and mdepende!Dlscusing S the year's working,, the iS^re^^d^to IStS^So^facSJ amounted ■to £216,000,: compared witn £™£oOO^during /: the: Previous year^ Since'■'the bank was ■.' establisliecl bj Years ago!r £4,700;000 has, been received fay depositors .. in interest •on then accounts.:'■.; ■ ■■ ■ ■ .