POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March, 1945

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Dr. £ Or. £ £ Interest credited to depositors .. .. .. .. 2,448,623 Interest received .. .. .. .. 2,995,250 Management expeijses .. .. ' .. ... 270,613 Plus interest accrued to 31st March, 1945 .. 612,182 Balance carried to Appropriation Account .. .. 279,176 3,607,432 Less interest accrued to 31st March, 1944 .. 635,895 2,971,537 Sundry receipts .. .. .. .. .. 26,875 £2,998,412 £2,998,412 I Appropriation Account for the Year ended 31st March, 1945 Dr. £ Or. £ Savings-bank profits paid to Consolidated Fund .. .. 34,386 Balance brought forward .. .. .. .. 505,311 Balance carried forward .. .. .. .. .. 750,101 Profit and Loss Account .. .. .. .. 279,176 £784,487 £784,487 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1945 Liabilities £ Assets £ Balance at credit of depositors' accounts .. .. 113,606,828 Cash on hand and at bank .. .. .. .. 830,153 Letters of credit and other liabilities .. .. .. 75,531 Investments .. .. .. .. .. 114,362,517 Reserve Fund .. .. .. .. .. 1,378,995 Interest accrued on investments .. .. .. 612,182 Advances to Postmasters .. .. .. .. , 35 Sundry debtors .. .. .. .. .. 6,638 Profit and' Loss Appropriation Account .. .. 750,101 £115,811,490 £115,811,490 J. J. Knight, A.R.A.N.Z., Director of Accounts. P. N. Cryer, 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. P. Rutherford, Controller and Auditor-General.

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