B.—l [PT. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account toe the Year ended 31st March, 1943 Dr £ Gr. £ £ Interest credited to depositors 1,816,430 Interest received .. ■ • •• 2,183,124 Management expenses .. .. 219,192 Plus interest accrued to 31st March, 1943 540,939 Balance carried to Appropriation Account .. .. 109,677 Z j / A 4: j UDo Less interest accrued to 31st March, 1942 54.5,853 2,178,210 Sundry receipts .. .. . • •• 27,089 £2,205,299 £2,205,299 Appropriation Account for the Year ended 31st March, 1943 j) r £ Gr. £ Balance carried forward 204,063 Balance brought forward 34,380 Profit and Loss Account .. .. .. ..169,677 £204,063 £204,063 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1943 Liabilities £ £ Balance at credit of depositors'accounts .. 84,588,333 Cash on hand and at bank .. .. 1,350,344 Letters of credit and other liabilities .. .. 40,085 Investments 84,115,305 Reserve Fund .. •• 1,178,789 Interest accrued on investments .. .. .. 540,939 Advances to postmasters' 56 Thrift stamps held by teachers 7 Advance for school savings-bank expenses .. 5,000 Sundry debtors .. .. ' ' Profit and Loss Appropriation Account .. .. 204, 063 £86,016,326 £86,016,326 P. Cutforth, A.R.A.N.Z., Director of Accounts. J. G. Young, 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. Cyril G. Collins, Controller and Auditor-General. POST OFFICE Profit and Loss Account for the Ykar ended 31st March, 1943 £ Gr. £ £ Maintenance and working expenses .. .. 3,881,060 Postages .. .. .. .. 2,010,652 iWwHtion .. .. •• 677,077 Less amount transferred to War Expenses Tntfirfiat " '! .. .. .. 642,242 Account in terms of section 2 (4) (c) of Ttfrf nrnfit " ... 396,489 the War Expenses Act, 1939.. .. 600,000 JNet proni .. •• 1,410,652 Private box and bag rents and rural delivery fees .. 62,303 Money-order and postal-note commission .. .. 56,495 Telegraph revenue .. .. .. .. 588,387 Toll revenue .. .. .. .. .. 1,156,364 Telephone revenue .. .. 1,743,663 Revenue from wireless traffic .. .. .. 43,833 Rent received .. .. .. .. .. 38,379 Miscellaneous revenue .. .. .. .. 496,792 £5,596,868 £5,596,868 Profit and Loss Appropriation Account for the Year ended 31st March, 1943 J) r £ £ Gr. £ Balance carried forward- Balance brought forward 474,994 Post apd Telegraph Act, 1928, section 95 (d), Net profit for year .. .. .. ..396,489 due to Consolidated Fund .. •• 842,212 Retained by Post Office Account .. .. 29,271 — 871,483 £871,483 £871,483

s—B, 1 [PT. IV]

33