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THE INCOMPARABLE BENDIX AUTOMATIC HOME WASHER I \ ? /I !faa This new, and even further improved model takes the entire business of washing completely out of your hands... .. See this miracle of modern times i action at. A. G. WEBSTER & SONS LTD. 156 YORK STREET, LAUNCESTON

Balance Sheet of the Hobart Savings Bank, 28th February, 1954

LIABILITIES Depositors' Balances with Interest to Date Ordinary Accounts , , .. ,. 11,138,267 2 4 School Accounts ee o , 146,846 17 0 - - F11,265,113 19 4 teserve Fund .. .. .. . . .. .. .., 638,000 0 0 Interest Fluctuation and Deprectation Account .. 63,129 3 10 Profit and Loss Account ... , . . ... . o, 53,1t07 17 1 Exchange Accounts.. .. o .. .. o38 5 4~ Due to other Savings Banks o o . ....... 4,330 1 2 Inter-Branch Transfers .. ,. .. .. ,. .. . 821 4 3 £11,942,838 11 0

ASSETS A a. d. 4 S.d. Cash on Hand and at Bankers ..... .. .. .... 565,973 16 0 Fixed Deposits with other Banks .. .. .. .. 655,000 0 0 Commonwealth Government Stock .. .. .. .... 4,108,580 18 6 Hobart Corporation Stock and Debentures ...... .1,801,606 15 11 Local Bodies Debentures Burnie Marine Board .... .. .. 391,272 8 1 Circular Head Marine Board .. .. 16,236 17 1 Devonport Marine Board.. .. .. 360,711 8 2 Hobart Marino Board .. co ., .. 752,122 4 8 Bothwell Municipality_ .. , ° 1,813 15 7 Brighton ditto 12,951 6 11 Bruny ditto 1,823 11 4 Burnie ditto 95,557 15 11 Campbell Town ditto 849 11 6 Circular Head ditto 7,211 9 9 .Clarence ditto 24.5,084 10 8 Deloraine ditto 25,783 18 5 Devonport ditto 50,371 1 9 E'sperance ditto 10,718 11 1 Glamorgan ditto 4,429 16 8 Glenorohy ditto 166,522 4 10 Green Ponds ditto 343 7 10 Hamilton ditto 8,574 0 5 Huon ditto 20,286 10 4 Kingborough ditto 63,235 1 "8 New Norfolk ditto 72,681 15 10 Oatlands ditto 9,429 10 6 Port Cygnet ditto 45,674 8 0 Portland ditto 6,009 0 10 Queenstown ditto 20,712 3 11 Richmond ditto 4,051 11 2 Ringarooma ditto 210 11 1 Ross ditto 4,870 15 11 Sorell ditto 17,745 1 9 Spring Bay ditto 17,979 0 0 Strahan ditto 133 18 6 Westbury ditto 10,779 17 3 Wynyard ditto 50,061 12 5 Cygnet Fire Brigade 459 12 11 Franklin Fire Brigade 163 9 8 Geeveston Fire Brigade 274 13 4 Hobart Fire Brigade 22,531 4 1 IHuonville Fire Brigade 383 7 0 New Norfolk Fire Brigade 851 4 9 Penguin Fire Brigade 552 4 1 Queenstown Fire Brigade 511 3 9 / Smithton Fire Brigade 1,344 4 1 Wynyard Fire Brigade 413 9 5 Zeelan Fire Brigade 551 11 7 2,524,275 4 6 Loans on Mortgage....... ... ..........,. 2,061,926 0 6 Interest Due and Accrued ......................116,657 16 9 Bank Premises ................ .......63,370 8 1 Freehold Property (Home Building) .... .. o. ... 35,839 11 6 Due by other Savings Banks .... .. .. .. .. 8,945 8 3 Remittances in Transit .. .. .. .. .. .. .... 662 11 0 £11,942,838 11 0

PROPIT AND LOSS ACCOUNT FOR THE HALF-YEAR ENDED 28th FEBRUARY, 1954,

To X?serest credited to Depositors .. *(122,730) 127,218 L'. L. " Expenses of Management .... (43,262) 43,291 1. 9 " Maintenance of Bank Property (742) 1,003 3 5 ' Reserve Fund .. .. ...... , .. .,, 20,000 0 0 a' Bank Premises .. .. .. .. .. .. .. 65,900 0 0 At Balance to next Half-year .. .. .. .. 53,407 iT I *(Flguree in brackets aro £or. previous half-year), £250.820 16 2

Cr. - sd. By Balance from last Hlalf-year .. .. 53,374 11 0 " Interest on Investments .,. .. . (187,600) 195,931 18 5 " Exchange, Fees and ReaT .. .. .. (1,562) 1,514 6 0 £250,820*16 £250,820 18 2

RESERVE FUND Amount to. credit of Reserve Fund, 31st August, 1953 ...... . .... . .. .. .. .. .. ,. ., 516,000 0 0 Transferred from Profit and Loss Account, 28th February, 1954 .. .. .o. .. .. .. ? . .. 20,000 0 0 £536,000 0 0 AUDITORS' REPORT We Dave audited the accounts of the Hobart Savings Bank for the Half-Year ended 28th February, 1954, and hereby certify that in our opinion the above Balance Sheet, Profit and Loss Account and Statement of Reserve Fund are correct and in accordance with the books at Head Office, and with the Branch Managers' Returns as presented to us. We have also checked the Bonds, Debentures and other Securities lodged for Safe Custody, and found them correct. aOBART., ADAMS & BENNETTO, Chartered Accountants (Aust.) Audtor. 18th March, 195, - WISE, LORD & FERGUSON, Chartered Accountants (Aust.) Audtrs. EXECUTIVE COMMITTEE: Messrs. John Henry Gould, F. Lesi!e Langtord, R. Andrew Mather, Fredk. H. Peacock, John Soundy, C.B.E., J. T. J. Cuthbertson, GENERAL MANAGER: R, W. Freeman. AQCOUNTANT: Z. E. Pretyman.

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