B.—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March, 1944 Dr. £ Gr. £ £ Interest credited to depositors .. .. .. 2,074,004 Interest received .. .. .. 2,504,508 Management expenses .. .. .. .. 250,962 Plus interest accrued to 31st March, 1944 035,895 Balance carried to Appropriation Account .. .. 301,248 3,140,403 Less interest accrued to 31stMarch, 1943 540,939 2,599,464 Sundry receipts .. .. .. 26,810 £2,626,274 £2,626,274 Appropriation Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Balance carried forward .. .. .. .. 505,311 Balance brought forward .. .. .. .. 204,063 Profit and Loss Account .. .. .. .. 301,248 £505,311 £505,311 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1944 Liabilities £ Assets £ Balance at credit of depositors'accounts .. .. 98,756,558 Cash on hand and at bank .. .. .. 772,686 Letters of credit and other liabilities .. .. 50,779 Investments .. .. .. .. .. 99,170,236 Reserve Fund .. .. .. .. .. 1,267,695 Interest accrued on investments .. .. .. 635,895 Advances to postmasters .. .. .. 48 Thrift stamps held by teachers .. .. .. 8 Advance for school savings-bank expenses.. .. 5,000 Sundry debtors .. .. .. .. 6,566 Profit and Loss Appropriation Account ... 505,311 £100,585,391 £100,585,391 J. J. Knight, A.R.A.N.Z., Director of Accounts. H. M. Patrick, 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 Year ended 31st March, 1944 Dr. £ Cr. £ £ Maintenance and working expenses .. .. 3,832,997 Postages .. .. .. .. 2,193,037 Depreciation .. .. .. .. .. 684,583 Less amount transferred to War Expenses Interest .. .. .. .. .. 641,746 Account in terms of section 2 (4) (c) of Net profit .. .. .. .. .. 763,033 the War Expenses Act, 1939 .. 600,000 1,593,037 Private box and bag rents and rural delivery fees .. 64,102 Money-order and postal-note commission .. 57,322 Telegraph revenue .. .. .. .. 589,615 Toll revenue .. .. .. .. .. 1,200,301 Telephone revenue .. .. .. .. 1,794,630 Revenue from wireless traffic .. .. .. 43,832 Rent received.. .. .. .. .. 45,109 Miscellaneous revenue .. .. .. .. 534,411 £5,922,359 £5,922,359 Profit and Loss Appropriation Account for the Year ended 31st March, 1944 Dr. £ £ Gr. £ Balance oarried forward— Balance brought forward .. .. .. 871,483 Post and Telegraph Act, 1928, section 95 Net profit for year .. .. .. .. 763,033 (d), due to Consolidated Fund .. 1,605,245 Retained by Post Office Account .. 29,271 1,634,516 £1,634,516 £1,634,516

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