JUNE 4.] THE NEW ZEALAND GAZETTE. 1491

PAYMENTS.

Withdrawals .. .. .. .. £ s. d.
Transfers to Treasury re National Savings Campaign .. .. .. 551,963 3 11
Purchases of National Savings bonds .. .. .. 60,900 0 0
Interest paid and credited to depositors’ accounts and Staff Provident Fund .. .. .. 15,673 17 6
Advances made .. .. .. 33,537 13 10
National Savings investments and New Zealand Government inscribed stock purchased .. .. .. 78,566 16 6
Furniture purchased .. .. .. 61,564 7 6
Management administration charges, including salaries, audit fees, and trustees’ fees .. .. .. 52 8 0
Bank rates, fire, and war insurance .. .. .. 4,905 11 0
Advertising, printing, and stationery .. .. .. 184 2 10
Donations .. .. .. 722 10 6
Income and national and social security taxation .. .. .. 1,245 5 0
Expenses inspecting and maintaining securities .. .. .. 5,638 16 7
Insurance and rates advances to borrowers .. .. .. 499 14 11
War-damage premiums paid on bank premises: Properties and mortgagors .. .. .. 163 11 5
Working-expenses re properties taken over by bank .. .. .. 1,163 14 6
Transfers of National Savings deposits and interest paid to depositors .. .. .. 306 14 2
Lodgments with Bank of New Zealand on fixed deposit.. .. .. .. 326 19 6
Cash and bank balance .. .. .. 50,000 0 0
50,535 3 8
£917,950 11 4

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1942.

Dr.
Interest credited to depositors’ accounts .. .. £ s. d.
Management expenses and charges, including expenses inspecting bank securities, less valuation fees received .. .. .. 33,310 6 9
Depreciation written off.. .. .. 6,851 6 2
Amounts written off bank mortgages .. .. .. 415 2 0
Net profit, transferred to Profit and Loss Appropriation Account .. .. .. 950 0 0
7,658 9 1
£49,185 4 0

Cr.
Interest received and accrued on mortgages and investments .. .. .. £ s. d.
Profit on realization of bank properties .. .. 49,145 16 6
39 7 6
£49,185 4 0

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1942.

Dr.
Donations .. .. .. .. £ s. d.
Transfer to Taxation Reserve .. .. .. 245 5 0
Balance carried down .. .. .. 5,500 0 0
60,251 1 1
£65,996 6 1

Cr.
Balance, 1st April, 1941.. .. .. .. £ s. d.
Premiums on New Zealand Government inscribed stock converted .. .. .. 57,756 19 11
Refund scholarship money not expended .. .. .. 514 7 0
Net profit for year transferred .. .. .. 66 10 1
7,658 9 1
£65,996 6 1

Balance carried down .. .. .. .. £60,251 1 1

BALANCE-SHEET AS AT 31ST MARCH, 1942.

Liabilities.
Amount at Credit of depositors— £ s. d. £ s. d.
Ordinary.. .. .. .. 1,236,921 3 10
National Savings Accounts .. .. .. 76,632 10 7
1,313,553 14 5
Staff Provident Fund .. .. .. 5,632 4 5
Sundry creditors—
Post Office Savings-bank Account: National Savings bonds .. .. .. 5,337 10 0
Suspense: Interest (National Savings investments) .. .. .. 705 11 0
6,043 1 0
Reserves—
Property and Investment Fluctuation Reserve .. .. .. 4,375 0 0
Taxation.. .. .. 5,314 8 2
9,689 8 2
Profit and Loss Appropriation Account: Balance .. .. .. 60,251 1 1
£1,395,169 9 1

Assets.
£ s. d. £ s. d.
Cash and bank balances—
Cash on hand .. .. .. 12,969 15 2
Cash at Bank of New Zealand: Current account .. .. .. 37,565 8 6
On fixed deposit, including accrued interest .. .. .. 117,697 5 7
Cash on deposit, Post Office Savings-bank .. .. .. 2,152 10 0
170,384 19 3
Investments—
New Zealand Government inscribed stock (par value, £175,565) .. .. .. 175,015 0 0
New Zealand Government war loan (par value, £37,780) .. .. .. 34,389 7 6
State Advances Corporation stock (at par) .. .. .. 5,000 0 0
National Savings Account and bonds .. .. .. 7,450 0 0
Local-body debentures (at par) .. .. .. 32,531 11 0
Interest accrued thereon .. .. .. 2,064 11 1
256,450 9 7
Advances—
Loans on first mortgage of freehold property: Principal .. .. .. 863,003 17 2
Rates and insurance premiums (including war damage) advanced still owing at 31st March, 1942 .. .. .. 187 11 2
Interest due but not yet paid .. .. .. 2,124 9 3
Interest accrued .. .. .. 3,438 0 1
868,753 17 8
Bank premises and land.. .. .. 11,302 17 6
Less depreciation .. .. .. 131 18 0
11,170 19 6
Office plant, fittings, and furnishings .. .. .. 1,954 2 1
Additions during year .. .. .. 52 8 0
2,006 10 1
Less depreciation .. .. .. 170 14 0
1,835 16 1
Less Depreciation Reserve .. .. .. 1,549 6 4
286 9 9
Properties taken over by bank—
Book value .. .. .. 7,577 10 0
Less depreciation and amounts written off .. .. .. 242 6 8
7,335 3 4
Stocks of National Savings bonds on hand .. .. .. 5,337 10 0
National Savings invested in Government stock .. .. .. 75,450 0 0
£1,395,169 9 1

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

We, the undersigned, being auditors of the New Plymouth Savings-bank, appointed in terms of section 4 of the Savings-bank 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-bank 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-bank Act, 1908, and its amendments have been complied with, with the exceptions of sections 18, 20, and 50 of the principal Act, which has been observed to the extent that is practicable.

DUFF AND WYNYARD, Public Accountants, Auditors.

New Plymouth, 27th April, 1942.

Approved—
B. C. ASHWIN, Secretary to the Treasury, 7th May, 1942.

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