JUNE 29.]

THE NEW ZEALAND GAZETTE.

NEW PLYMOUTH SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1939:

RECEIPTS.

£ s. d.
Cash and bank balances .. .. .. 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
Deposits received .. .. .. .. 679,679 11 11
Interest credited to depositors' accounts and Staff Provident Fund .. .. .. 29,917 15 11
Loans and advances repaid .. .. .. 29,380 19 3
Interest on mortgages and investments .. 43,532 11 8
Sale of money-boxes .. .. .. .. 47 12 6
Rents received from properties taken over by bank .. .. .. .. 1,009 19 6
Valuation fees received .. .. .. .. 289 7 0
Refund on account of rates, insurance premiums, and taxes .. .. .. 119 14 4
Repayment of debentures held by bank .. 1,654 19 5
Receipts from farming properties leased .. 1,202 11 1
Fire insurance money received .. .. .. 75 14 6
Refund from mortgagors on account of advances made for repairs .. .. .. 251 2 6
Deposits received from bank properties sold 585 0 0

£885,303 4 5

PAYMENTS.

£ s. d.
Withdrawals .. .. .. .. 628,325 5 6
Interest credited to depositors' accounts and Staff Provident Fund .. .. 29,917 15 11
Advances made .. .. .. .. 104,372 15 0
Local body debentures and New Zealand Government Inscribed Stock purchased .. 26,326 8 0
Furniture purchased .. .. .. .. 128 10 6
Management administration charges, including salaries, audit fee, and trustee's fees 4,609 19 10
Bank rates and insurance .. .. .. .. 184 0 10
Advertising, printing, and stationery .. 478 7 0
Donations .. .. .. .. .. 615 0 0
Income-tax .. .. .. .. .. 1,753 14 6
Expenses inspecting and maintaining securities Insurance, rates, and taxes, advanced to borrowers .. .. .. .. 558 16 3
Insurance money refunded .. .. .. .. 205 4 1
Sundry advances to borrowers for maintaining and improving properties .. 75 14 6
Refunds on money-boxes .. .. .. .. 57 4 6
Management and expenses re farming property leased .. .. .. .. 1,020 1 8
Working-expenses, properties taken over by bank .. .. .. .. 438 12 9

£ s. d.
Cash and bank balance .. 22,173 11 1
Cash on fixed deposit at Bank of New Zealand .. 62,000 0 0
Cash on deposit at Post Office Savings-bank .. .. 2,052 10 0

86,226 1 1

£885,303 4 5

Cr.
Balance, 1st April, 1938 .. .. .. 50,417 11 3
Net profit for year transferred .. .. .. 7,516 3 8

£57,933 14 11

£ s. d.
Balance carried down .. .. .. .. 54,318 14 11

BALANCE-SHEET AS AT 31ST MARCH, 1939.

Liabilities.
£ s. d.
Credit balances of depositors .. .. .. 1,074,799 19 4
Staff Provident Fund .. .. .. .. 3,828 7 4
Property and Investment Fluctuation Reserve .. .. .. .. 4,000 0 0
Reserve for taxation .. .. .. .. 3,802 10 6
Profit and Loss Appropriation Account .. 54,318 14 11

£1,140,749 12 1

Assets.
£ s. d.
Cash and bank balances—
Cash on hand .. 3,930 16 9
Cash at Bank of New Zealand—
Current Account .. 18,242 14 4
On fixed deposit, inclusing accrued interest .. 62,525 6 8
Cash on deposit, Post Office Savings-bank 2,052 10 0

86,751 7 9

Investments—
New Zealand Government Inscribed Stock at cost 186,553 2 6
State Advances Corporation .. .. .. 5,000 0 0
Local body debentures at cost .. .. .. 28,866 9 8
Interest accrued thereon 1,790 9 0

222,210 1 2

Advances—
Loans on first mortgage of freehold property—
Principal .. .. .. 797,525 9 0
Rates, insurance, and land - tax advanced still owing at 31st March, 1939 .. 82 12 10
Interest unpaid .. .. .. 2,610 2 7

800,218 4 5

Interest accrued .. .. .. 3,072 11 2

803,290 15 7

Bank premises and land .. 11,828 15 6
Less depreciation .. .. .. 197 0 0

11,631 15 6

Office plant and machinery 682 10 6
Less depreciation .. .. .. 111 19 8

570 10 10

Properties taken over by bank .. .. .. 16,295 1 3

£1,140,749 12 1

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

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1939.

Dr.
£ s. d.
Interest credited to depositors' accounts .. 29,744 9 1
Management, expenses, and charges .. 5,654 12 3
Expenses, inspecting and maintaining bank securities, less valuation fees received .. 351 0 3
Depreciation written off .. .. .. 308 19 8
Amount written off under Court Order and losses on realizations .. .. .. 353 18 0
Net profit transferred to Profit and Loss Appropriation Account .. .. 7,516 3 8

£43,929 2 11

Cr.
£ s. d.
Interest received and accrued on mortgages and investments .. .. 43,929 2 11

£43,929 2 11

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1939.

Dr.
£ s. d.
Donations .. .. .. .. 615 0 0
Transfer to taxation reserve .. .. .. 3,000 0 0
Balance carried down .. .. .. .. 54,318 14 11

£57,933 14 11

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 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, 22nd April, 1939.
Approved—
GALWAY, Governor-General.
14th June, 1939.