B.—l [PT. IV], SUP. TO 1932.

POST AND TELEGRAPH DEPARTMENT—continued. SAVINGS-BANK BRANCH. Profit and Loss Account foe the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. £ s. d. To Interest credited to depositors'accounts .. 1,608,729 511 By Interest received .. 1,857,482 15 9 Management expenses .. .. .. 126,976 16 0 Plus interest accrued to Balance carried to Appropriation Account.. 109,221 6 5 31st March, 1932 .. 532,718 1 6 2,390,200 17 3 Less interest accrued on 31st March, 1931 .. 554,131 19 0 1,836,068 18 3 Sundry receipts .. .. .. 8,858101 £1,844,927 8 4 £1,844,927 8 4 Appropriation Account. Dr. £ s. d. Cr. £ s. d. To Savings-bank profits paid to Consolidated Fund 52,500 0 0 By Balance brought forward .. .. .. 7,137 510 Balance carried forward .. .. .. 63,858 12 3 Profit and Loss Account .. .. .. 109,221 6 5 £116,358 12 3 £116,358 12 3 BALANCE-SHEET OF THE NEW ZEALAND POST OFFICE SAVINGS-BANK AS AT THE 31st MARCH, 1932. Liabilities. £ s. d. Assets. £ s. d. Balance at credit of depositors'accounts .. 43,255,499 011 Cash on hand and at bank .. .. 274,910 810 Letters of credit and other liabilities.. .. 10,326 13 11 Investments .. .. .. .. 43,550,199 4 2 Reserve Fund .. .. .. .. 1,028,143 7 5 Interest accrued on investments .. .. 532,718 1 6 Profit and Loss Appropriation Account .. 63,858 12 3 £44,357,827 14 6 £44,357,827 14 6 A. Marshall, A.R.A.N.Z., Controller of Accounts. G. McNamara, Secretary, General Post Office. 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. — G. P. C. Campbell, Controller and Auditor-General.

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