1714
THE NEW ZEALAND GAZETTE.
[No. 44

NEW PLYMOUTH SAVINGS BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1935:—

RECEIPTS.

To Cash and bank balances as at 1st April, 1934 £ s. d. £ s. d.
Cash on fixed deposit at Bank of New Zealand .. 25,000 0 0
Cash on deposit at Post Office Savings-bank .. 15,312 12 6
—————— ——————
43,806 8 9
Deposits .. .. .. .. .. .. .. .. .. 408,815 4 8
Interest credited to depositors and Staff Provident Fund .. .. .. .. .. .. 18,830 11 2
Loans and advances repaid .. .. .. .. .. 7,201 11 6
Interest on mortgages and investments .. .. 27,599 4 3
Insurance claim paid .. .. .. .. .. .. 610 0 0
Sales of money-boxes .. .. .. .. .. .. 32 17 6
Rents received (Bank properties) .. .. .. 866 15 1
Valuation fees .. .. .. .. .. .. .. 189 9 9
Refund rates, insurance and taxes .. .. .. 265 12 7
Local bodies' debentures matured .. .. .. 213 7 10
—————— ——————
£508,231 3 1

PAYMENTS.

By Withdrawals .. .. .. .. .. .. .. £ s. d.
Interest paid and credited to depositors and Staff Provident Fund .. .. .. 18,830 11 2
Loans .. .. .. .. .. .. .. .. .. 72,021 2 8
Local body debentures purchased .. .. .. 616 0 0
New Zealand Government Inscribed Stock .. 15,839 6 4
Office equipment .. .. .. .. .. .. 37 13 6
Management charges, including salaries, audit fees, and trustees' fees .. .. 2,615 8 4
General charges and Fitzroy rent .. .. 1,136 7 4
Rates and insurances .. .. .. .. .. 580 0 0
Advertising, printing, and stationery .. .. 330 16 1
Donations .. .. .. .. .. .. .. .. 480 0 0
Income-tax .. .. .. .. .. .. .. 1,386 18 9
Repairs to premises .. .. .. .. .. 346 19 10
Expenses taking over, repairing and maintaining properties taken over and in the course of realization .. .. .. .. .. 1,007 4 9
Insurance money refunded .. .. .. .. 610 0 0
Money-boxes purchased .. .. .. .. .. 10 12 2
Interest refunded .. .. .. .. .. .. 11 15 0
——————
Cash and bank balances .. .. .. .. .. 11,576 4 2
Cash on fixed deposit at Bank of New Zealand .. 28,000 0 0
Cash on deposit at Post Office Savings-bank .. 2,456 7 4
—————— ——————
£508,231 3 1

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1935.

Dr.
To Interest credited to depositors' accounts: £ s. d.
Management expenses and charges .. .. 18,744 12 5
Expenses inspecting and maintaining securities .. .. .. .. .. 4,163 16 1
Depreciation written off .. .. .. .. 375 8 8
Net profit transferred to Profit and Loss Appropriation Account .. .. 314 13 6
—————— ——————
£27,704 8 3

Cr.
By Interest received and accrued on mortgages and investments .. .. .. £ s. d.
Net revenue from properties taken over by the Bank .. .. .. .. .. 27,482 6 1
222 2 2
—————— ——————
£27,704 8 3

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1935.

Dr.
To Income-tax paid .. .. .. .. .. .. £ s. d.
Income-tax reserve .. .. .. .. .. .. 1,386 18 9
Donations .. .. .. .. .. .. .. .. 892 1 1
Balance carried down .. .. .. .. .. 43,135 3 3
——————
£45,894 3 1

Cr.
By Balance at 1st April, 1934 .. .. .. £ s. d.
Net profit for year transferred .. .. 41,788 5 6
4,105 17 7
—————— ——————
£45,894 3 1

By Balance carried forward .. .. .. £ s. d.
43,135 3 3

BALANCE-SHEET AS AT 31ST MARCH, 1935.

Liabilities.

Credit balances of depositors .. .. .. £ s. d.
Staff Provident Fund .. .. .. .. .. 693,089 13 10
Property and Investment Fluctuation Reserve Account .. .. .. .. .. .. 2,068 10 0
Reserve for Income-tax .. .. .. .. .. 4,500 0 0
Profit and Loss Appropriation Account .. 892 1 1
43,135 3 3
—————— ——————
£743,685 8 2

Assets.

Cash and bank balances— £ s. d. £ s. d.
Cash in hand .. .. .. .. .. .. 2,921 16 5
Cash at Bank of New Zealand—
On Current Account .. .. .. .. .. 8,654 7 9
On Fixed Deposit, including accrued interest thereon 28,164 11 2
On deposit with Post Office Savings-bank .. .. 2,456 7 4
—————— ——————
42,197 2 8

Investments—
New Zealand Government Inscribed Stock at cost (Par value £87,135) .. .. .. 87,824 6 4
Local bodies' debentures at par 28,488 16 5
Accrued interest thereon .. .. .. 1,370 13 0
—————— ——————
117,683 15 9

Advances—
Loans on first mortgage of freehold property:—
Principal owing .. .. .. .. .. .. 557,335 19 2
Rates, land-tax, and insurance still owing at 31st March, 1935 .. .. .. .. .. 165 4 6
Interest unpaid .. .. .. .. .. .. 4,662 4 4
Interest accrued .. .. .. .. .. .. 2,325 12 8
—————— ——————
564,509 0 8

Bank premises and land .. .. .. .. 11,900 0 0
Less depreciation on building .. .. 197 0 0
—————— ——————
11,603 0 0

Office plant and machinery .. .. .. 877 13 6
Less depreciation .. .. .. .. .. 117 13 6
—————— ——————
760 0 0

Properties taken over by Bank .. .. .. 6,852 16 7
Stock of money-boxes .. .. .. .. 79 12 6
—————— ——————
£743,685 8 2

G. E. DINNISS, Manager.
C. LASH, Accountant.
E. COCK, President.
G. W. BROWNE, Deputy President.
JAMES McLEOD,
R. H. GEORGE,
W. C. WESTON,
C. E. BELLRINGER,
L. A. NOLAN
} Trustees.

We, the undersigned, being the auditors of the New Plymouth Savings-bank, appointed in terms of section 4 of the Savings-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 the 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. (4) That the manager has certified that in his opinion all the requirements of the Savings-banks Act, 1908, and its amendments, have been complied with, with the exception of sections 18, 20, and 50 of the principal Act, which have been observed to the extent that is practicable.

DUFF AND WYNYARD, Public Accountants.
Auditors.

New Plymouth, 10th April, 1935.

Approved—
GALWAY, Governor-General.
22nd May, 1935.
243