B.—l [PT. IV], SUP. TO 1941.

POST AND TELEGRAPH DEPARTMENT—continued. GENERAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1941. Dr. £ Or. £ Postal Branch: Loss .. .. .. .. 78,086 Toll Branch: Profit .. .. .. .. 301,682 Telegraph Branch: Loss .. .. .. .. 58,650 Telephone Branch: Profit .. .. .. 119,359 Wireless Branch: Loss .. .. .. .. 19,158 Service Garage: Loss .. .. .. .. 5,952 Net Profit .. .. .. .. .. 259,195 £421,041 £421,041 GENERAL PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1941. Dr. £ Cr. £ Payment to Treasury .. .. .. .. 30,000 Balance .. .. .. .. .. 295,233 Balance— £ General Profit and Loss Account .. ... .. 259,195 (1) Post and Telegraph Act, 1928, section 95 (d) : Due to Consolidated Fund .. 495,158 (2) Retained by Post Office Account .. 29,270 524,428 £554,428 £554,428

SAVINGS-BANK BRANCH. Profit and Loss Account foe the Year ended 31st March, 1941. Dr. £ Cr. £ £ Interest credited to depositors .. .. .. 1,666,246 Interest received .. .. .. 1,816,021 Management expenses .. .. .. .. 216,266 Plus interest accrued to 31st March, 1941 466,631 2,282,652 Less interest accrued to 31st March, 1940 436,786 1,845,866 Sundry receipts .. .. .. .. 28,759 Balance carried to Appropriation Account .. 7,887 £1,882,512 £1,882,512

Appropriation Account fob the Yeae ended 31st March, 1941. Dr. £ Or. £ Savings-bank profits paid to Consolidated Fund .. 20,000 Balance brought forward .. .. .. 21,615 Profit-and Loss Account .. .. .. 7,887 Balance carried forward .. .. .. 6,272 £27,887 £27,887

Balance-sheet fok the New Zealand Post Office Savings-bank as at 31st March, 1941. Dr. £ Cr. £ Balance at credit of depositors'accounts .. .. 63,046,694 Cash on hand and at bank .. .. .. 699,738 Letters of credit and other liabilities .. .. 27,443 Investments .. .. .. .. .. 63,080,560 Reservo Fund .. .. .. .. .. 1,176,686 Interest accrued on investments .. .. .. 466,631 Advances to Postmasters, &c., of stamps, &c. .. 78 Thrift stamps held by teachers .. .. . . 11 Advance for school savings-bank expenses . . 5,000 Sundry debtors .. .. .. 2,689 Profit and Loss Appropriation Account .. .. 6,272 £64,255,901 £64,255,901 P. Cutfohth, 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.

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