B.—l LPt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March, 1942 Dr. £. Or. £ £ Interest credited to depositors .. .. .. 1,820,320 Interest received .. .. 1,971,325 Management expenses .. .. .. .. 216,712 Plus interest accrued to 31st March, 1942 545,853 Balance carried to Appropriation Account .. 40,658 2,517,178 Bess interest accrued to 31st March, 1941 466,631 2,050,547 Sundry receipts .. .. .. .. 27,143 £2,077,690 £2,077,690 Appropriation Account for the Year ended 31st March, 1942 Dr. £ Or. £ Balance brought forward .. .. .. 6,272 Profit and Loss Account .. .. .. 40,658 Balance carried forward .. .. .. 34,386 £40,658 £40,658 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1942 Dr. £ Gr. £ Balance at credit of depositors'accounts .. .. 71,545,900 Cash on hand and at bank .. .. .. 802,846 Letters of credit and other liabilities .. .. 27,619 Investments .. .. .. .. .. 71,439*710 Reserve Fund .. .. .. .. 1,178,114 Interest accrued on investments .. .. 545,853 Advances to Postmasters .. .. .. 65 Thrift stamps held by teachers .. .. .. 7 Advance for school savings-bank expenses .. 5,000 Sundry debtors .. .. .. .. 2,668 Profit and Loss Appropriation Account .. .. 34,386 £72,791,084 £72,791,084 P. Cutforth, A.R.A.N.Z., Director of Accounts. J. G. Young, Director-General, Post and Telegraph Department. 1 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, 1942 Dr. £ Or. £ £ Maintenance and working expenses .. .. 3,668,379 Postages .. .. .. 2,148,086 Depreciation .. .. .. .. .. 678,140 Less amount transferred to War Interest .. .. .. .. .. 638,382 Expenses Account in terms of Net profit carried to Appropriation Account .. 286,528 section 2 (4) (c) of the War Expenses Act, 1939 .. 600,000 1,548,086 Private box and bag rents and rural delivery fees .. 62,680 Money-order and postal-note commission .. .. 63,013 Telegraph revenue .. .. .. .. 376,262 Toll revenue .. .. .. .. .. 1,000,735 Telephone revenue .. .. .. .. 1,720,044 Revenue from wireless traffic .. .. .. 21,495 Rent received .. .. .. .. .. 31,107 Miscellaneous revenue .. .. .. .. 448,007 £5,271,429 £5,271,429 Profit and Loss Appropriation Account for the Year ended 31st March, 1942 Dr. £ Cr. £ Payment to Treasury .. .. .. .. 235,962 Balance brought forward .. . .. 524,428 Balance of amount due to War Expenses Account for Net profit for year .. .. .. .. 286^528 1940-41 in terms of section 2 (4) (c) of the War Expenses Act, 1939 .. .. .. .. 100,000 Balance carried forward— (1) Post and Telegraph Act, 1928, section £ 95 (d) : Due to Consolidated Fund 445,723 etained by Post Office Account .. 29,271 474,994 £810,956 £810,956

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