726

ADVANCES.
Loans on first mortgage of freehold property : Principal £ s. d. 885,856 3 1 Rates and insurance premiums advanced still owing at 31st March, 1944 .. .. 40 12 10 Interest due but not yet paid 1,237 0 4 Interest accrued.. .. .. 3,546 13 7

890,680 9 10

Bank premises and land 11,039 1 6 Less depreciation 131 18 0

10,907 -3 6

Office plant, fittings, and furnishings 1,679 19 1 Less depreciation 142 6 6

1,537 12 7

Properties taken over by bank— Book value .. .. 975 0 0 Less depreciation 25 0 0

950 0 0

Stocks of National Savings bonds on hand 5,591 13 4 National Savings invested in Government stock .. 290,450 0 0

£2,000,430 19 5

G. E. DINNISS, Manager.
C. LASH, Accountant.
C. E. BELLRINGER, President.
E. P. WEBSTER, Acting Deputy President.
A.M. THOMSON W.C. WESTON T. EWENS P.E. STANTON G. E. CANHAM C. GEO. PEARCE Trustees.

We, the undersigned, being 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 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, 21st April, 1944.

Approved—

E. L. GREENSMITH,
Assistant Secretary to the Treasury,

95

30th May, 1944.

HOKITIKA SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1944 :

RECEIPTS
Cash in banks on 1st April, 1943— Fixed deposits .. . . . . .. 40,740 0 0 Current Account .. . . .. 2,782 6 11 Post Office Savings-bank . . . .. 2,083 15 0 National Savings investment .. . . 1,620 12 0 National Savings bonds .. . . .. 5,120 0 0 Amount lodged by depositors during the year .. .. 58,308 7 3 Interest— Credited during period .. .. .. 71 14 3 For year ended 31st March, 1944 .. .. 4,173 9 9 On mortgages .. . . . . .. 3,322 6 6 On fixed deposits .. . . . . 822 6 0 On New Zealand Government stock .. . . . 2,272 19 8 On Post Office Savings-bank Account.. . . . 36 15 4 On National Savings Investment Account .. . . 41 5 0 On National Savings bonds .. . . .. 154 0 0 On Local-body debentures .. . . .. 574 1 5 On Hospital Board debentures .. . . .. 88 6 9 Rent on part of buildings .. . . .. 78 0 0 Mortgages repaid .. . . . . 12,483 10 11 Local-body loans repaid .. . . .. 309 4 7 Hospital Board loan repaid .. . . .. 121 9 11 Commission—Third Liberty Loan .. . . .. 78 11 0

£135,283 2 3

PAYMENTS
Amount repaid to depositors during the year .. 51,867 7 11 Interest credited depositors .. .. 4,245 4 0 Invested— On first mortgage on freehold property .. 9,327 19 11 On New Zealand Government loans .. .. 10,000 0 0 On National Savings bonds .. . . .. 5,260 0 0 Donations .. .. .. .. .. 120 0 0 Charges .. .. .. .. .. 961 4 2 Social security and national security tax .. 194 13 10 Income-tax .. .. .. .. .. 407 17 1 War-damage insurance .. .. .. .. 50 8 8 Cash in banks— Fixed deposit .. .. .. .. 42,840 0 0 Current Account .. .. .. .. 5,166 9 4 Post Office Savings-bank .. .. .. 2,120 10 4 National Savings Investment Account .. .. 2,631 17 0 Bank premises—Garage .. .. .. .. 89 10 0

£135,283 2 3

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1944

Dr.
Interest paid to depositors during year .. .. 71 14 3 Interest credited depositors to 31st March, 1944 .. 4,173 9 9 Balance : Gross profit .. .. .. .. 3,377 15 9

£7,622 19 9

Cr.
Interest received and accrued .. .. 7,466 8 9 Rent Account .. .. .. .. 78 0 0 Commission on Liberty Loan .. .. .. 78 11 0

£7,622 19 9

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1944

Dr.
Charges and administration expenses .. .. 961 4 2 Social security and national security tax .. 194 13 10 Income-tax .. .. .. .. .. 407 17 1 Written off against loss .. .. .. 112 13 3 War-damage insurance .. .. .. .. 50 8 8 Depreciation .. .. .. .. .. 33 0 0 Balance : Net profit .. .. .. .. 1,617 18 9

£3,377 15 9

Cr.
Revenue Account : Gross profit .. .. .. 3,377 15 9

£3,377 15 9

APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1944

Dr.
Donations .. .. .. .. .. 120 0 0 Balance carried forward .. .. .. 33,070 10 7

£33,190 10 7

Cr.
Balance, 1st April, 1943 .. .. .. 31,572 11 10 Profit and Loss Account .. .. .. 1,617 18 9

£33,190 10 7

BALANCE-SHEET AS AT 31ST MARCH, 1944

Liabilities
Amount due to depositors .. .. .. 190,317 5 7 Profit and Loss Appropriation Account .. 33,070 10 7

£223,387 16 2

Assets
First mortgage on freehold property .. .. 69,555 0 9 New Zealand Government stock at cost .. .. 74,184 15 0 Bank of New South Wales— Fixed deposit .. .. .. .. 14,800 0 0 Current Account .. .. .. 4,979 0 9 Bank of New Zealand— Fixed deposit .. .. .. .. 14,000 0 0 Current Account .. .. .. .. 87 10 1 National Bank of New Zealand— Fixed deposit .. .. .. .. 14,040 0 0 Current Account .. .. .. .. 99 18 6 Post Office Savings-bank .. .. .. 2,120 10 4 Bank premises and furniture .. .. .. 1,940 10 0 Interest accrued .. .. .. .. 1,086 19 11 Loans to local bodies .. .. .. .. 18,601 13 10 National Savings Investment Account .. .. 2,631 17 0 National Savings bonds .. .. .. 5,260 0 0

£223,387 16 2