HOKITIKA SAVINGS-BANK.

STATEMENT of Receipts and Payments for the year ended 31st March, 1940.

RECEIPTS.

Cash in banks on 1st April, 1939—
On fixed deposit .. .65,440 0 0
In Post Office Savings-bank .. . 590 6 5
Amount lodged by depositors .. . 53,569 8 2
Interest credited during period .. . 69 12 7
Interest for year ended 31st March, 1940 .. . 4,090 8 2
Interest on fixed deposits for year ending 31st March, 1940 .. . 1,316 0 0
Interest on mortgages for year ending 31st March, 1940 .. . 3,890 17 3
Interest on Government Stock and Bonds for year ending 31st March, 1940 .. . 1,232 1 6
Interest on Post Office Savings-bank Account for year ending 31st March, 1940 .. . 31 16 8
Interest on local body loans for year ending 31st March, 1940 .. . 614 2 9
Interest on Hospital Board loan for year ending 31st March, 1940 .. . 104 1 8
Rent of part buildings .. . 65 0 0
Mortgages repaid .. . 10,053 10 1
Local body loans repaid .. . 269 3 3
Hospital Board loan repaid .. . 105 15 0

£141,442 3 6

PAYMENTS.

Repaid depositors .. .58,912 13 7
Interest credited depositors .. . 4,160 0 9
Invested on first mortgage freehold land .. . 10,552 19 6
Invested in Government Inscribed Stock .. . 4,800 0 0
Fixed deposits (three banks) .. . 42,840 0 0
Current accounts (three banks) .. . 1,810 9 10
Post Office Savings-bank .. . 2,022 3 1
Overdrafts at bank .. . 14,843 0 10
Grant to Patriotic Society .. . 10 0 0
Social Security charge .. . 74 9 5
Income-tax .. . 251 11 4
Interest on overdraft .. . 196 10 6
Charges .. . 968 4 8

£141,442 3 6

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

Interest paid depositors during the year .. . 69 12 7
Interest credited depositors to 31st March, 1940 .. . 4,090 8 2
Balance—Gross profit .. . 2,820 14 11

£6,980 15 8

Cr.

Interest received and accrued .. . 6,915 15 8
Rent Account .. . 65 0 0

£6,980 15 8

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

Charges and administration expenses .. . 968 4 8
Social Security charge .. . 74 9 5
Income-tax .. . 251 11 4
Written off against loss .. . 3 6 0
Written off bank premises .. . 50 0 0
Balance—Net profit .. . 1,473 3 6

£2,820 14 11

Cr.

Revenue Account—Gross profit .. . 2,820 14 11

£2,820 14 11

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1940.

Dr.

Donations .. . 10 0 0
Balance carried forward .. . 29,876 4 7

£29,886 4 7

Cr.

Balance lst April, 1939 .. . 28,413 1 1
Profit and Loss Account—Net profit .. . 1,473 3 6

£29,886 4 7

BALANCE-SHEET AS AT 31ST MARCH, 1940.

Liabilities.

Amount due depositors (2,192) .. . 155,659 9 10
Profit and Loss Appropriation Account .. . 29,876 4 7

£185,535 14 5

Assets.

First mortgage on freehold land .. . 81,933 10 2
New Zealand Government Inscribed Stock at cost .. . 33,808 10 0
Fixed deposits—
Bank of New South Wales 14,400 0 0
Bank of New South Wales current account .. . 1,648 5 9
Bank of New Zealand .. . 14,300 0 0
Bank of New Zealand current account .. . 82 1 3
National Bank of New Zealand .. . 14,140 0 0
National Bank of New Zealand current account .. . 80 2 10
Post-office Savings-bank .. . 2,022 3 1
Bank premises and furniture .. . 1,950 0 0
Interest accrued .. . 932 12 2
Loans to local bodies .. . 20,238 9 2

£185,535 14 5

A. WILSON, Manager.

We hereby certify that to the best of our knowledge and belief the above balance-sheet is correct.

GEORGE PERRY, President.
D. J. EVANS
T. W. DUFF
R. WILD
A. H. LAWN
M. H. HOUSTON
S. J. PRESTON

Trustees.

I, John Hamilton Wilson, being the auditor of the Hokitika Savings-bank appointed in terms of section 4 of the Savings-banks 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 saving-bank’s affairs as at the date thereof in accordance with the requirements of the Savings-banks Amendment Act, 1923. (2) That I have verified the cash, securities, investments, and assets of the savings-bank as at the date of the balance-sheet. (3) That I have obtained all the information and explanations that I have required. (4) That the manager has certified that all the requirements of the Savings-banks Act, 1908, and amendments have been complied with.

J. H. WILSON, A.P.A. (N.Z.), Auditor.

Hokitika, 23rd April, 1940.

Approved—
GALWAY, Governor-General.
9th July, 1940.