AUG. 11.] THE NEW ZEALAND GAZETTE. 1823

NEW PLYMOUTH SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year
ended 31st March, 1938:—

RECEIPTS.

Cash and bank balances .. £ 41,838 15 1
Cash on fixed deposit at Bank of New Zealand 30,000 0 0
Cash on deposit at Post Office Savings-bank 2,105 7 4
Deposits received 585,769 10 6
Interest credited to depositors’ accounts and
Staff Provident Fund 26,961 9 8
Loans and advances repaid 19,268 15 5
Interest on mortgages and investments 38,927 3 5
Sale of money-boxes 46 10 0
Rents received from properties taken over by
bank 1,077 2 5
Valuation fees received 269 5 6
Refund on account of rates, insurance pre-
miums, and taxes 114 3 5
Repayment of debentures held by bank 6,743 17 6
Receipts re J. J. Scheuber’s property 955 16 10
Deposit sale A. Coate’s property 30 0 0
£754,107 17 1

PAYMENTS.

Withdrawals .. £ 507,268 15 1
Interest paid and credited to depositors and
Staff Provident Fund 26,961 9 8
Advance made 68,131 10 0
Local body debentures and New Zealand
Government Inscribed Stock purchased 44,182 1 8
Furniture purchased 89 8 4
Management administration charges, in-
cluding salaries, audit fee, and trustee’s fees 3,963 15 3
Rates and insurance 177 13 11
Advertising, printing, and stationery 416 15 1
Donations 780 0 0
Income-tax 1,480 11 0
Expenses inspecting and maintaining securities
insurance, rates, land-tax, advanced to
borrowers 134 6 8
Insurance money refunded 143 0 0
Sundry advances to borrowers for maintaining
and improving properties 235 18 0
Refunds on money-boxes and further pur-
chases 189 12 0
Allowances re J. J. Scheuber 759 0 5
Costs re purchase of Fitzroy section 7 19 6
Working expenses, properties taken over by
bank 947 2 9
Cash and bank balance .. £ 43,398 7 6
Cash on fixed deposit at Bank
of New Zealand 52,000 0 0
Cash on deposit at Post Office
Savings-bank 2,157 17 4
£97,556 4 10
£754,107 17 1

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH,
1938.

Dr.

Interest credited to depositors’ accounts £ 26,812 8 10
Management expenses and charges 4,918 3 1
Expenses, inspecting and maintaining bank
securities, less valuation fees and rents
received from properties taken over 226 17 3
Depreciation written off 313 8 4
Net profit transferred to Profit and Loss
Appropriation Account 7,070 7 0
£39,341 4 6

Cr.

Interest received and accrued on mortgages
and investments £ 39,341 4 6
£39,341 4 6

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR
ENDED 31ST MARCH, 1938.

Dr.

Premiums written off investments—
4 per cent. New Zealand Govern- £ s. d.
ment Inscribed Stock 351 16 6
3½ per cent. New Zealand Go-
vernment Inscribed Stock 54 3 3
405 19 9
Donations 780 0 0
Principal written off mortgages 231 7 11
Transfer to income-tax reserve 3,000 0 0
Balance carried down 50,417 11 3
£54,834 18 11

Or.

Balance, 1st April, 1937 .. £ 47,764 11 11
Net profit for year transferred 7,070 7 0
£54,834 18 11

Balance carried down .. £ 50,417 11 3

BALANCE-SHEET AS AT 31ST MARCH, 1938.

Liabilities.

Credit balances of depositors £ 994,038 17 10
Staff Provident Fund 3,317 6 6
Property and Investment Fluctuation
Reserve 4,000 0 0
Reserve for income-tax 2,556 5 0
Profit and Loss Appropriation Account 50,417 11 3
£1,054,330 0 7

Assets.

Cash and bank balances—
Cash on hand £ 7,531 4 2
Cash at Bank of New
Zealand—
Current Account 35,867 3 4
On fixed deposit, in-
cluding accrued in-
terest 52,423 12 5
Cash on deposit, Post
Office Savings-bank 2,157 17 4
97,979 17 3
Investments—
New Zealand Government
Inscribed Stock at par 160,725 0 0
State Advances Corpora-
tion 5,000 0 0
Local body debentures
at par 30,023 3 7
Interest accrued thereon 1,743 12 9
197,491 16 4
Advances—
Loans on first mortgage
of freehold property—
Principal 719,887 9 8
Rates, insurance, and
land-tax advanced
still owing at 31st
March, 1938 271 9 0
Interest unpaid 2,751 7 1
722,910 5 9
Interest accrued 2,754 0 5
725,664 6 2
Bank premises and land .. 12,025 15 6
Less depreciation on
buildings 197 0 0
11,828 15 6
Office plant and machinery 670 8 4
Less depreciation 116 8 4
554 0 0
Properties taken over by bank .. 20,482 16 7
Stock of money-boxes 328 8 9
£1,054,330 0 7

G. E. DINNISS, Manager.
C. LASH, Accountant.
G. W. BROWNE, President.
JAMES McLEOD, Deputy President.
W. C. WESTON
E. P. WEBSTER
PERCY E. STAINTON
C. E. BELLRINGER }
L. A. NOLAN } Trustees.
R. B. GEORGE

We, the undersigned, being the auditors of the New Ply-
mouth 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 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 7, 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, 28th April, 1938.

Approved:—
GALWAY, Governor-General.
13rd July, 1938.

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