838
THE NEW ZEALAND GAZETTE
[No. 37

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 as at the 31st March, 1947, in accordance with the require-
ments 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 31st March, 1947 ; (3) that we have obtained
all the information and explanations we have required ; (4) that
the manager has certified that all the requirements of the Savings-
banks Act, 1908, and amendments have been complied with,
excepting the provisions of section 18, subsection (1), and also
sections 20 and 50 of the principal Act, which have been observed to
the extent that is practicable.

F. C. BUDDLE, A.P.A.N.Z.
N. A. DUTHIE, F.P.A.N.Z.
Auditors.

Auckland.

Approved—
C. J. ATKIN,
For Assistant Secretary to the Treasury,
5th June, 1947.

242

NEW PLYMOUTH SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended
31st March, 1947:—

RECEIPTS
£ s. d.
Cash and bank balance .. .. .. 115,744 6 10
Fixed deposits maturing during year at the Bank
of New Zealand .. .. .. 145,000 0 0
Deposits received .. .. .. 1,378,417 5 11
Deposits received for National Savings campaign 153,773 11 4
Loans and advances repaid .. .. 138,752 11 11
Interest on mortgages and investments .. 78,140 2 1
Valuation fees received .. .. 313 8 0
Refund on account of rates and insurance pre-
miums .. .. .. 15 5 9
Fire-insurance money received .. .. 370 0 0
Post Office investment received .. .. 2,112 1 5
Repayment of debentures .. .. 3,161 7 6
Repayment of National Savings bonds .. 2,001 0 0
Interest received from National Savings invest-
ments .. .. .. 20,245 14 3
Commissions on Government stock and sundries 867 7 9
Sales of money-boxes .. .. 0 11 6

£2,038,914 14 3

PAYMENTS
£ s. d.
Withdrawals .. .. .. 1,180,264 10 0
Transfers to Treasury re National Savings cam-
paign .. .. .. 142,000 0 0
Advances made .. .. .. 192,333 3 8
National Savings investments, New Zealand
Government inscribed stock, and local-body
debentures purchased .. .. 314,751 0 0
Management, administration charges, including
salaries, audit fee, and trustees' fees .. 7,215 7 3
Bank rates and insurance premiums .. 231 16 5
Advertising, printing, and stationery .. 718 3 8
Donations .. .. .. 600 0 0
Income and social security taxation .. 10,513 10 6
Refund fire-insurance money .. .. 370 0 0
Expenses inspecting and maintaining securities 606 14 6
Insurance and rates advanced to borrowers .. 8 1 0
Share earthquake premiums paid to mortgagors 11 2 9
Withdrawals and transfers of National Savings
deposits and interest paid to depositors .. 48,380 15 2
Lodgments with Bank of New Zealand on fixed
deposit .. .. .. 50,000 0 0
Furniture purchased .. .. 407 10 6
Cash and bank balance .. .. 90,502 18 10

£2,038,914 14 3

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1947
Dr.
£ s. d.
Interest credited to depositors' accounts and Staff
Provident Fund .. .. .. 56,057 12 3
Management expenses and charges, including
expenses inspecting bank securities, less valuation
fees received .. .. .. 8,226 5 11
Bank rates, insurance premiums, and share of earth-
quake premiums of properties mortgaged to the
bank .. .. .. 242 19 2
Depreciation written off .. .. 279 17 11
Net-profit transferred to Profit and Loss Appropria-
tion Account .. .. .. 19,620 14 10

£84,427 10 1

Cr.
£ s. d.
Interest received and accrued on mortgages and
investments .. .. .. 83,560 2 4
Sundry receipts .. .. .. 867 7 9

£84,427 10 1

PROFIT AND LOSS APPROPRIATION ACCOUNT AS AT 31ST MARCH, 1947
Dr.
£ s. d.
Provision for taxation on 1947 accounts .. 11,500 0 0
Donations .. .. .. 600 0 0
Balance .. .. .. 82,542 18 2

£94,642 18 2

Cr.
£ s. d.
Balance, 1st April, 1946 .. .. 70,536 10 5
Transfer from taxation reserve over provisions prior
to 1st April, 1946 .. .. 4,485 12 11
Net profit for year transferred .. .. 19,620 14 10

£94,642 18 2

Balance carried down .. .. .. £82,542 18 2

BALANCE-SHEET AS AT 31ST MARCH, 1947
Liabilities
£ s. d.
Amount at credit of depositors—
Ordinary .. .. .. 2,462,685 5 5
National Savings accounts .. 720,796 0 11
Staff Provident Fund .. .. 9,511 13 8
Sundry creditors—
Post Office Savings-bank Account: National
Savings bonds .. .. .. 1,000 0 0
Suspense interest (National Savings invest-
ments) .. .. .. 12,583 6 5
Reserves—
Property and investment fluctuation reserve .. 6,565 7 9
Provision for taxation .. .. 11,500 0 0
Depreciation reserve .. .. 1,549 6 4
Profit and Loss Appropriation Account: Balance 82,542 18 2

£3,308,733 18 8

Assets
£ s. d.
Cash and bank balances—
Cash on hand .. .. 19,660 5 10
Cash at Bank of New Zealand :
Current Account .. .. 70,842 13 0
On fixed deposit, including
accrued interest .. 186,005 11 6

276,508 10 4

Investments—
New Zealand Government
inscribed stock .. 187,809 5 0
New Zealand Government
War Loans .. .. 926,003 17 6

(Par value, £1,117,845) 1,113,813 2 6
Interest accrued thereon 8,572 14 9
National Savings bonds and
accounts .. .. 75,322 6 6
Interest accrued thereon 1,537 2 7
Local-body debentures at par 61,312 2 1
Interest accrued thereon 500 9 8

1,261,057 18 1

Advances—
Loans on first mortgage of
freehold property—
Principal .. .. 991,198 12 8
Interest due but not yet
paid .. .. 1,004 7 0
Interest accrued .. 3,893 2 5

996,096 2 1

Bank premises and land .. 10,643 7 6
Less depreciation .. 131 18 0

10,511 9 6

Office plant, fittings, and fur-
nishings .. .. 1,350 8 1
Plus additions .. .. 407 10 6

1,757 18 7
Less depreciation .. 147 19 11

1,609 18 8

Stocks of National Savings bonds held .. 1,000 0 0
National Savings invested in Government stock 761,950 0 0

NOTE.—The bank has not yet drawn on this
investment to meet repayments to depositors
of National Savings falling due from time to
time.

£3,308,733 18 8

P. E. STAINTON, President.
A. M. THOMSON, Deputy President.
E. P. WEBSTER
C. GEO. PEARCE
T. EWENS
G. E. CANHAM
G. E. DINNISS, Manager.
C. LASH, Accountant.

I, the undersigned, being auditor of the New Plymouth 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 savings-bank's affairs at the date thereof
in accordance with the requirements of the Savings-banks Amend-
ment Act, 1923 ; (2) that I have verified the cash, investments,