22 September, 1955.) THE LEEWARD ISLANDS GAZETTE. 145
Montserrat
SAVINGS BANK
Revenue and Expenditure Account for the year ended 31st December, 1954.
Expenditure. Revenue.
| $ $
To Interest paid to Depositors By Interest on Investments 11,186.22
on Closed Accounts 249.84
5, Interest Capitalised and credit-
ed to sundry Depositors’ | », Sale of Pess Books 2.58
accounts on 31.12.54 8,274.12
» Expenses of Management 360.00 |
» Amounts written-off 459.60
», Balance carried to Reserve
Account 1,845.54 11,189.10 11,189.10

 

Account of Deposits and Withdrawals for the year ended 31st December, 1954.

To Balance at Credit of
Deposits on 1.1.54
3) Deposits received
», Interest Credited to
Depositors

359,988.32
126,114.08

 

8,523.96. 487,626.36

By Withdrawals 124,349.78
Balance to Credit of
Depositors
on 31.12.54

9

363,276.58 487,626.36

 

Investment Adjustment Account.

To Balance carried to

Reserve Account 11,889.70

To Balance cn 1.1.54 16,220.21

rd

 

By Profit on sale of In-

 

vestments 76.72
», Appreciation of In-
11,889.70 vestments — 11,818.98 11,889.70
Reserve Account.
By Revenue & Expendiiure
Account 1,845.54
,, Investments Adjust-
ment Account 11,889.70
16,220.21 | ,, Balance on 31.12.54 2,484.97 16,220.21

 

Balance Sheet as at 3ist December, 1954.

Liabilities.

Depositors Account

363,276.58 368,276.58

gsets.
Cash with Treasurer 25,080.58

Investments at Market

 

Vulue 335,711.08
Deficit 2,484.97 363,276.58

There is a contingent liability amounting to $343.43 in respect of the outstanding aggregate of
amounts paid in past years from Colonial Revenue to meet deficits on the Revenue and Expenditure

account.

J. D. Lewis,
Accountant.
18th August, 1955.

O. E. Henry,
Treasurer.
13th August, 1955.

In accordance with section 11 of Ordinance No. 5 of 1988, the accounts of the Montserrat

Savings Bank for the year 1954 have been examined under my direction.

I have obtained all the

information and explanations I have required and I certify, as a result of this audit, that in
my opinion the above statements are correct, subject to the observations in the report of even

date attached hereto.

19th August, 1955.

J. F. Boots,
Principal Auditors
Leeward Islands.