B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March. 1946 Dr. £ Or. £ £ Interest credited, to depositors .. .. .. .. 2,784,239 Interest received .. .. .. .. 3,276,427 Management expenses .. .. .. .. 319,466 Plus interest accrued to 31st March, 1946 .. 708,004 Balance, carried to Appropriation Account .. .. 290,834 3,984,431 Less interest aocrued to 31st March, 1945 . . 612,182 — 3,372,249 Sundry receipts .. .. .. .. 22,290 £3,394,539 £3,394,539 — | Appropriation Account for the Year ended 31st March, 1946 Dr. £ Or. £ Savings-bank profits paid to Consolidated Fund .. .. 169,677 Balance brought forward .. .. .. .. 750,101 Balance carried forward, due to Consolidated Fund (Section Profit and Loss Account .. .. .. .. 290,834 95 (c), Post and Telegraph Act, 1928) .. .. .. 871,258 £1,040,935 £1,040,935 Balance-sheet for the New Zealand Post Office Sayings-bank as at 31st March, 1946 Liabilities £ I Asset * £ Balance at credit of depositors'accounts .. .. 128,666,956 Cash on hand and at bank .. .. .. .. 376,679 Liability to Treasury for investments held on account of Investments .. .. .. .. 148,524,378 •soldiers' gratuity accounts .. .. .. 18,000,000 Interest accrued on investments .. .. .. 708,004 Letters of credit and other liabilities .. .. .. 103,114 Sundry debtors .. .. .. .. .. 7,415 Reserve Fund .. .. .. . • • • 1,974,159 Advances to Postmasters .. .. .. .. 989 Profit and Loss Appropriation Account .. .. .. 871,258 £149,616,476 £149,616,476 J. J. Knight, A.R.A.N.Z., Director of Accounts. C. 0. Coad, Deputy 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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