2318 THE NEW ZEALAND GAZETTE [No. 54

NEW PLYMOUTH SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1949:—

RECEIPTS
£ s. d.
Cash and bank balance 100,551 13 5
Fixed deposits maturing during year at the Bank of New Zealand 50,000 0 0
Deposits received 1,140,102 11 8
Deposits received for National Savings campaign 116,457 17 3
Loans and advances repaid 113,913 0 8
Interest on mortgages and investments 90,821 11 8
Valuation fees received 237 0 6
Refund on account of rates and insurance premiums 34 6 3
Repayment of debentures 4,884 12 3
Repayment of Government stock 10,000 0 0
Repayment of National Savings bonds 771 19 3
Interest received from National Savings investments 24,458 17 0
Commissions on Government stock and sundries 94 5 8
Sales of money-boxes 2 18 0

£1,652,330 13 7

PAYMENTS
£ s. d.
Withdrawals 1,112,789 5 8
Transfers to Treasury re National Savings campaign 70,000 0 0
Advances made 145,985 4 5
New Zealand Government inscribed stock and local-body debentures purchased 53,100 0 0
Management, administration charges, including salaries, audit fee, and trustees fees.. 8,287 15 8
Bank rates and insurance premiums 247 13 6
Advertising, printing, and stationery 775 8 7
Donations 515 0 0
Income taxation and social security taxation 13,247 7 1
Insurance and rates advanced to borrowers 40 13 1
Expenses inspecting and maintaining securities 496 10 0
Share earthquake premiums paid to mortgagors 8 14 6
Withdrawals and transfers of National Savings deposits and interest paid to depositors 68,673 15 9
Lodgments with Bank of New Zealand on fixed deposit 500 0 0
Furniture and office plant purchased 100 0 0
Money-boxes purchased 62 18 3
Cash and bank balance 177,500 7 1

£1,652,330 13 7

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1949

Dr.
£ s. d.
Interest credited to depositors’ accounts and staff provident fund 61,470 0 6
Management expenses and charges, including expenses inspecting securities, less valuation fees received 9,382 14 0
Bank rates, insurance premiums, and share of earthquake premiums of properties mortgaged to the bank 256 8 0
Depreciation written off 384 12 6
Net profit transferred to Profit and Loss Appropriation Account 21,248 0 2

£92,741 15 2

Cr.
£ s. d.
Interest received and accrued on mortgages and investments 92,647 9 6
Sundry receipts 94 5 8

£92,741 15 2

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1949

Dr.
£ s. d.
Provision for taxation on 1949 accounts 12,000 0 0
Donations 515 0 0
Balance 99,642 14 9

£112,157 14 9

Cr.
£ s. d.
Balance, 1st April, 1948 90,909 14 7
Net profit for year transferred 21,248 0 2

£112,157 14 9

Balance carried down £99,642 14 9

BALANCE-SHEET AS AT 31ST MARCH, 1949

Liabilities
Amount at credit of depositors—
£ s. d.
Ordinary 2,629,237 0 11
National Savings accounts 880,999 6 5
Staff Provident Fund 11,162 14 5
Sundry creditors: Suspense interest (National Savings investments) 15,757 17 1
Reserves—
Property and investment fluctuation reserve.. 6,915 7 9
Provision for taxation 12,353 12 11
Depreciation reserve 1,549 6 4
Profit and Loss Appropriation Account: Balance 99,642 14 9

£3,657,618 0 7

Assets
£ s. d. £ s. d.
Cash and bank balances—
Cash on hand 18,279 1 8
Cash at Bank of New Zealand: Current account 158,171 19 0
On fixed deposit, including accrued interest 151,251 3 11

327,702 4 7

Investments—
New Zealand Government inscribed stock 187,809 5 0
New Zealand Government War Loans.. 896,603 17 6
Interest accrued thereon (Par value, £1,088,645) 8,462 14 8

1,092,875 17 2

National Savings bonds and accounts 51,017 8 3
Interest accrued thereon 942 16 5

51,960 4 8

Local-body debentures at par 178,043 17 7
Interest accrued thereon 964 10 3

179,008 7 10

Advances—
Loans on first mortgage of freehold property—
Principal 1,107,469 7 1
Interest due but not yet paid 414 5 8
Rates advanced and still owing at 31st March, 1949 10 2 8
Interest accrued 4,328 13 4

1,112,222 8 9

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

10,247 13 6

Office plant, fittings, and furnishings 2,754 12 2
Plus additions 100 0 0

2,854 12 2
Less depreciation 252 14 6

2,601 17 8

National Savings—
Invested in Government Stock 879,950 0 0
Cash in hand 1,049 6 5

880,999 6 5

£3,657,618 0 7

A. M. THOMSON, President.
E. GEO. PEARCE, Deputy President.
D. C. WESTON
T. EWENS
W. A. THOMAS
P. E. STAINTON
E. P. WEBSTER
} 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, 21st April, 1949.

Approved—
C. J. ATKIN,
Second Assistant Secretary to the Treasury,
28th July, 1949.

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