B—l [Pt. IV]

Balance-sheet for the New Zealand Post Office Sayings-bank as at 31st March, 1948 Liabilities £ Assets £ Balance at credit of depositors' accounts .. .. 161,102,410 Cash on hand and at bank .. .. . • •• 244,110 Letters of credit and other liabilities .. .. .. 116,961 Investments .. .. .. •• •• 'Hr? Liability to Treasury for investments held on account of war Interest accrued on investments ..• • • • iq ai k gratuity accounts .. .. .. • • • • 13,588 Sundry debtors .. .. ... 19,815 Reserve Fund . . .. .. .. • • 1,974,159 Amount due from Treasury for 5 per cent, bonus credited to Profit and Loss Appropriation Account .. .. 882,740 war gratuity accounts • • 605,519 Stock of home safes .. .. .. • • • • 88 £164,089,858 £164,089,858 P. N. Cryer, Director-General, Post and Telegraph Department. J. J. Knight, A.R.A.N.Z., Director of Accounts. 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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