2010
THE NEW ZEALAND GAZETTE.
[No. 56

BALANCE-SHEET AS AT 31ST MARCH, 1924.

Assets.

£ s. d. £ s. d.
Loans on mortgage .. 627,250 1 6
Accrued interest .. 12,845 12 2 640,095 13 8
Insurance premiums owing .. .. 62 15 0
Land and building .. .. 5,000 0 0
Office furniture .. .. 99 15 0
Debentures—
New Zealand Government 15,850 0 0
New Zealand War Bonds 35,000 0 0
Local bodies .. .. 189,474 12 1
Accrued interest .. .. 3,288 19 4 243,613 11 5
Fixed deposits .. .. 16,500 0 0
Accrued interest .. .. 326 14 10 16,826 14 10
Cash in bank .. .. 10,295 0 8
Less outstanding cheques 1,993 0 9 8,301 19 11

£914,000 9 10

Liabilities.

£ s. d. £ s. d.
Amount at credit of 8,096 depositors—Head Office .. 757,079 5 1
Amount at credit of 1,015 depositors—Branch Office .. 105,231 6 8 862,310 11 9
Property Suspense Account .. .. 2,942 6 8
Debenture Premium Account .. .. 324 16 2
Profit and Loss Account .. .. 48,422 15 3

£914,000 9 10

G. L. DENNISTON, President.
JAS. QUAILE, Manager.

We, William Brown & Co., and Thos. Moodie, being the auditors of the Dunedin Savings Bank, appointed in terms of section 4 of the Saving-banks Amendment Act, 1923, hereby certify: (1.) That we are satisfied that the foregoing balance-sheet has been properly drawn up from the books, accounts, and vouchers of the Savings-bank so as to exhibit a true and correct view of the state of the Savings-bank’s affairs as at date thereof, in accordance with the requirements of the Savings-banks Amendment Act, 1923. (2.) That we have verified the cash, investments, securities, and assets of the Savings-bank, as at the date of the balance-sheet. (3.) That we have obtained all the information and explanations we have required.

WILLIAM BROWN AND CO.,
THOS. MOODIE,

Auditors.

787

Hokitika Savings-bank.

RECEIPTS and Payments of the Hokitika Savings-bank for the year ended 31st March, 1924:—

RECEIPTS.

£ s. d.
Cash in banks on 31st March, 1923—
On fixed deposit .. .. 14,755 0 0
On current account .. .. 1,870 19 8
Amount lodged by depositors .. .. 39,462 13 4
Interest credited during period .. .. 120 8 4
Interest credited 31st March, 1924 .. .. 3,444 6 6
Interest from banks on fixed deposit .. .. 738 19 10
Interest on mortgages .. .. 3,549 0 5
Interest from War Loans .. .. 960 0 0
Interest credited county debentures .. .. 320 10 4
Mortgages repaid .. .. 8,690 10 3
County debentures repaid .. .. 607 0 0

£74,519 8 8

PAYMENTS.

£ s. d.
Repaid depositors .. .. 37,759 19 7
Interest credited depositors .. .. 3,564 14 10
Charges .. .. 654 10 5
Invested on mortgage for year .. .. 8,554 11 2
Bank premises .. .. 307 10 3
Cash in Bank of New South Wales—
On open account .. .. 2,353 11 2
On fixed deposit .. .. 7,800 0 0

788

Cash in Bank of New Zealand—
On open account .. .. 45 8 11
On fixed deposit .. .. 6,700 0 0
Cash in National Bank of N.Z. (Limited)—
On open account .. .. 79 2 4
On fixed deposit .. .. 6,700 0 0

£74,519 8 8

PROFIT AND LOST ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1924.

Dr.
£ s. d.
To Amount written off mortgages against probable loss .. .. 31 12 4
Charges .. .. 654 10 5
Depreciation Property Account, written off .. .. 87 10 3
Balance .. .. 18,264 6 5

£19,037 19 5

Cr.
£ s. d.
By Balance 1st April, 1923 .. .. 16,942 11 4
Amount since recovered mortgages written off .. .. 100 0 0
Interest account .. .. 1,995 8 1

£19,037 19 5

Balance forward .. .. £18,264 6 5

BALANCE-SHEET AS AT 31ST MARCH, 1924.

Assets.

£ s. d.
First mortgage on freehold land .. .. 57,048 17 3
New Zealand Government Debentures (War Loan) at cost .. .. 19,000 0 0
Westland County Debentures at cost .. .. 5,184 0 0
Fixed deposit, Bank of New South Wales .. .. 7,800 0 0
Fixed deposit, Bank of New Zealand .. .. 6,700 0 0
Fixed deposit, National Bank of New Zealand .. .. 6,700 0 0
Bank premises and office furniture .. .. 425 0 0
Interest accrued on investments but not received prior to 31st March, 1924 .. .. 1,147 13 9
Cash on current account, Bank of New South Wales.. .. .. 2,353 11 2
Cash on current account, Bank of New Zealand .. .. 45 8 11
Cash on current account, National Bank of New Zealand .. .. 79 2 4

£106,483 13 5

Liabilities.

£ s. d.
Amount due depositors (1,422 in number) .. 88,219 7 0
Balance .. .. 18,264 6 5

£106,483 13 5

WM. WILSON, Manager.

I, John Hamilton Wilson, being the auditor of the Hokitika Savings-bank, appointed in terms of section 4 of the Savings-bank Amendment Act, 1923, hereby certify—(1.) That I am satisfied that the foregoing balance-sheet has been properly drawn up from the books, accounts, and vouchers of the Savings-bank so as to exhibit a true and correct view of the state of the Savings-bank’s affairs as at the date hereof, in accordance with the requirements of the Savings-banks Amendment Act, 1923. (2.) That I have verified the cash, investments, securities, and assets of the Savings-bank, as at the date of the balance-sheet. (3.) That I have obtained all the information and explanations I have required. (4.) That the manager has certified that all the requirements of the Savings-bank Act, 1908, and amendments have been complied with.

J. H. WILSON, Auditor.

We hereby certify that we have examined the foregoing statements of receipts and payments, and of the assets and liabilities, of the Hokitika Savings-bank, and that to the best of our belief the said statements are true and correct, the cash balance deposited in the various banks being £23,678 2s. 5d.

H. L. MICHEL, President.
GEORGE PERRY,
E. TEICHELMANN,
D. J. EVANS,
W. E. WILLIAMS,
C. EVANS,
F. D. LYNCH,

Trustees.