New Zealand Gazette – 1920 – No. 65

Page 2140

✨ Savings-bank Balance-sheets



  1. THE NEW ZEALAND GAZETTE. [No. 65
    Balance-sheets of Savings-banks for 1919-20.
    THE following balance-sheets of the Auckland, New Plymouth, Hokitika, Dunedin, and Invercargill Savings-banks, having been approved by His Excellency the Governor-General, are published as required by section 17 of the Savings-banks Act, 1908.
    W. F. MASSEY, Minister of Finance.
    Auckland Savings-bank Balance-sheet.
    RECEIPTS and Payments of the Auckland Savings- bank for the year ending 31st March, 1920 :
    RECEIPTS.
    Balance, 1st April, 1919 . . . 399,731 0 0 Deposited during the twelve months . . 2,713,789 17 7 Interest added during the twelve months . . 4,105 4 5 Interest added, 31st March, 1920 . . 91,317 8 3 Interest on mortgages . . . . 69,240 9 3 Interest on debentures . . . . 53,918 17 6 Interest on deposit, Bank of New Zealand 12,067 8 6 Mortgages repaid . . . . . 160,379 0 0 Debentures repaid . . . . . Nil. Insurance premiums, &c., repaid . . 5 13 4 £3,504,554 18 10 PAYMENTS. Repaid depositors . . . . . 2,521,498 10 5 Interest credited depositors . . . . 95,422 12 8 Advanced on mortgage . . . . 149,905 0 0 Advanced on debentures . . . . 260,000 0 0 Charges . . . . . 13,477 11 5 Building account . . . . . 2,558 16 5 Mortgagors’ rates and insurance premiums 5 13 4 Donation to Elam School of Art. . . . 200 0 0 Deposit with Bank of New Zealand (working account) . . . . . 461,486 14 7 £3,504,554 18 10 J. MUIR BARR, Manager. JAMES W. WATTS, Accountant. W. WALLACE BRUCE, H. C. TEWSLEY, We hereby certify that we have examined the above statement of the receipts and payments of the Auckland Savings-bank, and to the best of our belief it contains a true and correct account of all the transactions of the bank during the twelve months, and that the balance of cash amounts to £461,486 14s. 7d. A. J. ENTRICAN, Vice-President. JOHN EDSON, THOS. PEACOCK, A. CLEMENTS, H. BRETT, J. H. UPTON, JAS. J. HOLLAND,
    Assets AND LIABILITIES. Assets. Invested on mortgage . . . . 1,086,330 0 0 Invested on debentures— New Zealand Government . . . . 1,000,000 0 0 Auckland Harbour Board . . . . 169,900 0 0 Auckland City Council . . . . 136,430 0 0 Grey Lynn (Newton) Borough Council . . 200 0 0 Newmarket Borough Council . . . . 700 0 0 Remuera Road Board . . . . . 13,900 0 0 Mount Albert Road Board . . . . 12,000 0 0 Northcote (Waitemata County Loan) . . 9,900 0 0 Waitemata County Council . . . . 6,400 0 0 Mount Wellington Road Board . . . . 5,000 0 0 Mount Eden Borough Council . . . . 19,600 0 0 Manukau County Council . . . . 9,000 0 0 Whangarei County Council . . . . 26,000 0 0 Hamilton Borough Council . . . . 25,000 0 0 Mortgage charges to 31st March, 1920 . . 12,830 2 8 Debenture interest accrued, 31st March, 1920 17,894 0 6 Bank premises . . . . . 20,000 0 0 Deposit with Bank of New Zealand (working account). . . . . 461,486 14 7 £3,032,570 17 9 Liabilities. Amount due 68,959 depositors . . . . 2,819,036 0 11 Reserved Surplus Profits Fund . . . . 150,000 0 0 Investment Fluctuation Account . . . . 50,000 0 0 Balance Profit and Loss Account . . . . 13,534 16 10 £3,032,570 17 9 J. MUIR BARR, Manager. JAMES W. WATTS, Accountant. W. WALLACE BRUCE, H. C. TEWSLEY, We hereby certify that to the best of our belief the above is a true and correct statement of the assets and liabilities of the Auckland Savings-bank on the 31st March, 1920. A. J. ENTRICAN, Vice-President. JOHN EDSON, THOS. PEACOCK, A. CLEMENTS, J. H. UPTON, H. BRETT, JAS. J. HOLLAND, Trustees.
    New Plymouth Savings-bank Balance-sheet.
    RECEIPTS and Expenditure of the New Plymouth Savings-bank for the year ending 31st March, 1920 :— RECEIPTS. To Bank and cash balance, 31st March, 1919 . . 2,062 15 3 Post Office Savings-bank . . . . 1,711 7 0 Bank of New Zealand, Deposit Account . . 1,000 0 0 Inscribed War Loan Bonds . . . . 1,000 0 0 Depositors . . . . . 20,988 8 7 Interest credited depositors . . . . 1,484 2 2 Mortgages paid off . . . . . 5,840 0 0 Interest on mortgages and deposits . . 2,763 4 0 £36,849 17 0 EXPENDITURE. By Bank and cash balances 31st March, 1920 6,677 12 10 Post Office Savings-bank balance . . . 1,764 18 7 Bank of New Zealand, Deposit Account . . 1,000 0 0 Invested in War Loan Bonds . . . . 1,000 0 0 Depositors . . . . . 18,989 17 11 Interest credited depositors . . . . 1,484 2 2 Loans advanced on mortgage . . . . 5,400 0 0 Management charges . . . . . 533 5 6 £36,849 17 0 PROFIT AND LOSS. To Interest credited depositors . . . . 1,484 2 2 Management charges . . . . . 533 5 6 Balance . . . . . 5,781 0 9 £7,798 8 5 By Balance, 31st March, 1919 . . . . 5,053 17 11 Interest on mortgages and deposits . . . . 2,763 4 0 Interest accrued to 31/3/20 . . . . 490 0 6 3,253 4 6 Less interest to 31/3/19 . . . . 508 14 0 2,744 10 6 £7,798 8 5 ASSETS AND LIABILITIES. Assets. By Deposit, Post Office Savings-bank . . . 1,764 18 7 Deposit, Bank of New Zealand . . . . 1,000 0 0 Invested in War Loan Bonds . . . . 1,000 0 0 Bank of New Zealand, cash credit balances 6,677 12 10 Securities (including reserves) . . . . 40,785 0 0 Office furniture . . . . . 19 10 3 Interest accrued . . . . . 490 0 6 £51,737 2 2 Liabilities. By Depositors' credit balances . . . . 45,956 1 5 Balance, Profit and Loss Account . . . . 5,781 0 9 £51,737 2 2 PAUL C. MORTON, Manager. H. WESTON, Vice-President. W. L. NEWMAN, R. COCK, G. W. BROWNE, NEWTON KING, JAMES McLEOD, Trustees. I certify that I have examined the books and vouchers of the New Plymouth Savings-bank for the year ended 31st March, 1920, also deeds of mortgage, deposits, investment securities, and insurance policies; and certify that the above balance-sheet is properly drawn up and exhibits a true and correct view of the state of the bank's affairs as shown by the books of the trustees. All my requirements as Auditor have been complied with. C. T. MILLS, F.P.A. (N.Z.).


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 1920, No 65


NZLII — PDF NZ Gazette 1920, No 65




✨ LLM interpretation of page content

💰 Balance-sheets of Savings-banks for 1919-20

💰 Finance & Revenue
Savings-banks, Balance-sheets, Auckland, New Plymouth, Hokitika, Dunedin, Invercargill
  • W. F. Massey, Minister of Finance

💰 Auckland Savings-bank Balance-sheet

💰 Finance & Revenue
Auckland Savings-bank, Receipts, Payments, Assets, Liabilities
  • J. Muir Barr, Manager
  • James W. Watts, Accountant
  • W. Wallace Bruce
  • H. C. Tewsley
  • A. J. Entrican, Vice-President
  • John Edson
  • Thos. Peacock
  • A. Clements
  • H. Brett
  • J. H. Upton
  • Jas. J. Holland

💰 New Plymouth Savings-bank Balance-sheet

💰 Finance & Revenue
New Plymouth Savings-bank, Receipts, Expenditure, Assets, Liabilities
  • Paul C. Morton, Manager
  • H. Weston, Vice-President
  • W. L. Newman
  • R. Cock
  • G. W. Browne
  • Newton King
  • James McLeod
  • C. T. Mills, F.P.A. (N.Z.)