DUNEDIN SAVINGS BANK

Evening Star, Issue 17956, 1 May 1922, Page 4

DUNEDIN SAVINGS BANK

CONTINUOUS MTli IFTEEEST ON DEPOSITS TOE YEAR, NEARLY £29,000. AI, the meeting of the Dunedin livings Dank trustee.- <m Friday lasl the statement ol accounts fur the year anM Maxell *l/ V7C-3 (submitted. It- is significant t-liat iht mount lodgaiS hv depositor*. for the ym' chows an appreciable falling off, the total home £■!).),103 30s 2-1, against £530,336 Co 4(1 llm’ previous year. Tills decrease of £]35,9,36 tin 2d* is'onlircSy due to the de-prf/i-iou through which this community, in common. with all oih« owamumtiep, v.-ao prsiiir. IVoplo had to im ikur money as tney got it. The withdrawals totalled £3.59,722 16s SJ, against. £403,635 14s the. previous year. This ’reduction was the natural result of less being deposiled. ■ The 'lumber of dcpusiloro was 6,396, so increase of 412 fur the year. So, whilst the money deposited' was smaller in bulk, it came from a greater number of persons. The sum lying to tbs credit of these 6,396 depositor was £690.407 17s, an increase of £34,355 2k lOd as compared with the previous year. The net amount lying i’o credit ot profit and loss account was £,'.8,351 life 7 d. That represents the net profit for the year. It .shows an increase for the year of £5,627 15s lid. The depositors have earned’ in inlorcrt the largo sum of <928,945 9s 6d by depositing will), tliis bank. ■ The assets total £731.136 6s 6d. an increase for the year of £71.410 8s 9d. A few- further figures show how the Dunedin Savings Dank business has grown. The number of depositors liar- increased from 2,552 in 1915 to 6,396. 'Hie sum to credit of depositors has. risen from. £112,438 Os lOd in 1915 to £690,407 17s. The interest earned by depositors has risen in the seven years from £3,789 3e 7d to £28.943 9s sd. 'The assets, valued in 1915 at £130,622 2s 6d, now stand at £731,136 5s 6d. _ ~ It is a splendid record.