1160
THE NEW ZEALAND GAZETTE
[No. 49

Assets
£ s. d.
Cash and bank balances—
Cash on hand .. 20,176 13 8
Cash at Bank of New Zealand: Current Account .. 80,374 19 9
On fixed deposit, including accrued interest .. 201,000 10 11
301,552 4 4

Investments—
New Zealand Government inscribed stock .. 187,809 5 0
New Zealand Government War Loans .. 906,503 17 6
(Par value, £1,098,545) .. 1,094,313 2 6
Interest accrued thereon 8,555 3 6
National Savings bonds and accounts .. 40,425 3 11
Interest accrued thereon 1,041 13 6
Local-body debentures at par 139,922 19 10
Interest accrued thereon 349 18 4
1,284,608 1 7

Advances—
Loans on first mortgage of freehold property—
Principal .. 1,075,050 10 10
Interest due but not yet paid .. 301 15 9
Rates advanced and still owing at 31st March, 1948 .. 3 15 10
Interest accrued .. 4,268 0 6
1,079,624 2 11

Bank premises and land .. 10,511 9 6
Less depreciation .. 131 18 0
10,379 11 6

Office plant, fittings, and furnishings .. 1,609 18 8
Plus additions .. 1,369 19 6
2,979 18 2
Less depreciation .. 225 6 0
2,754 12 2

Stocks of National Savings bonds held .. 1,000 0 0
National Savings invested in Government stock 809,950 0 0
£3,489,868 12 6

P. E. STAINTON, President.
A. M. THOMSON, Deputy President.
E. P. WEBSTER
T. EWENS
E. GEO. PEARCE
W. A. THOMAS
} Trustees.
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 Amendment Act, 1923; (2) that I have verified the cash, investments, securities, and assets of the savings-bank as at the date of the balance-sheet; (3) that I have obtained all the information and explanations I 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 have been observed to the extent that is practicable.

C. H. WYNYARD,
Public Accountant, Auditor.

New Plymouth, 20th April, 1948.

Approved—
C. J. ATKIN,
Second Assistant Secretary to the Treasury,
17th August, 1948.

402

INVERCARGILL SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1948:—

RECEIPTS
£ s. d.
Cash in hand and at banks, 1st April, 1947 .. 359,939 13 1
Amount lodged by depositors .. 3,208,866 13 4
Interest received on—
Mortgages .. 28,933 14 5
Fixed deposits .. 2,883 6 8
Government stock and debentures.. 64,047 6 9
Public-body debentures .. 5,174 7 8
Commission .. 734 7 9
Exchanges, fines, and forms .. 5 14 0
Mortgages repaid during year .. 52,152 5 3
Investments matured .. 5,050 17 8
Rents .. 275 0 0
Mortgage charges .. 108 0 11
£3,728,171 7 6

PAYMENTS
£ s. d.
Invested on first mortgage during year .. 46,000 0 0
Repaid depositors .. 3,099,822 19 4
Purchase of stocks and debentures .. 309,405 0 0
Charges and management expenses .. 14,976 3 6
Income and social security taxes .. 12,186 19 6
Mortgage charges .. 202 6 8
Endowments and donations.. 1,420 0 0
Bank furniture and office equipment .. 379 19 6
Cash in hand and at banks .. 243,713 10 11
Debenture Premium Account .. 64 8 1
£3,728,171 7 6

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1948
Dr.
£ s. d.
Interest paid to depositors .. 68,463 2 9
Depreciation .. 1,025 19 6
Charges and management expenses .. 14,976 3 6
Debenture Premium Account .. 64 8 1
Taxation Reserve Account .. 15,000 0 0
Written-off mortgages .. 202 16 8
Balance .. 4,563 18 0
£104,296 8 6

Cr.
£ s. d.
Interest on investments received and accrued .. 103,287 0 9
Bank premises: Rents .. 275 0 0
Commission .. 734 7 9
£104,296 8 6

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1948
Dr.
£ s. d.
Donations .. 1,420 0 0
Balance .. 55,617 14 5
£57,037 14 5

Cr.
£ s. d.
Balance, Profit and Loss Account, 1st April, 1947 .. 52,473 16 5
Transfer from Profit and Loss Account .. 4,563 18 0
£57,037 14 5

BALANCE-SHEET AS AT 31ST MARCH, 1948
Liabilities
£ s. d.
Amount at credit of 32,007 depositors .. 3,306,882 4 7
Amount at credit of 1,421 National Savings depositors .. 242,878 12 2
Accrued interest thereon .. 5,113 19 8
3,554,874 16 5
Interest Suspense Account .. 15,000 0 0
Investment Fluctuation Account .. 1,895 16 6
Property Suspense Account .. 305 4 1
Income-tax Reserve Account .. 16,327 8 10
Profit and Loss Appropriation Account .. 55,617 14 5
£3,644,021 0 3

Assets
£ s. d.
Bank premises .. 13,715 0 0
Bank furniture and equipment .. 1,958 0 0
National Bank and Bank of New Zealand Current Accounts .. 81,945 13 11
National Bank Deposit Account £ s. d.
Accrued interest .. 123,000 0 0
575 6 6
123,575 6 6
Invested in first mortgages .. 600,440 9 1
Accrued interest .. 5,812 3 6
606,252 12 7
New Zealand Government War Loans .. 1,546,694 3 4
Accrued interest .. 9,788 2 10
1,556,482 6 2
New Zealand Government inscribed stock .. 830,361 18 0
Accrued interest .. 5,471 7 10
835,833 5 10
Public-body debentures .. 292,834 14 10
Accrued interest .. 2,417 18 6
295,252 13 4
Deposit, Post Office Savings-bank .. 2,000 0 0
Accrued interest .. 42 10 0
2,042 10 0
National Savings Deposit Account .. 18,337 0 0
National Savings bonds .. 68,988 18 11
Sundry debtors .. 2,869 16 0
Cash in hand .. 36,767 17 0
£3,644,021 0 3

N. R. WILLCOX, Acting-Manager.
W. J. PEARCE, Acting-Accountant.