SEPT. 15] THE NEW ZEALAND GAZETTE 2319

HOKITIKA SAVINGS-BANK

PROFIT and Loss Account for Year ended 31st March, 1949—

Dr.
Interest added on depositors’ closed accounts £ s. d. £ s. d.
187 8 6
Interest added on depositors’ open accounts 7,959 17 1
————————
8,147 5 7
Charges, ordinary .. 1,594 13 3
Depreciation on buildings .. 33 0 0
Taxation for year ended 31st March, 1948 1,884 11 9
Taxation reserve for current year 2,678 1 8
————————
4,562 13 5
Net profit to Appropriation Account .. 1,008 15 3
————————
£15,346 7 6

Cr.
Interest on fixed deposits £ s. d.
538 10 9
Interest on Government inscribed stock 3,539 16 11
Interest on National savings bonds 574 13 2
Interest on local-body debentures 665 6 2
Interest on Post Office Savings-bank Account 2 7 6
Interest on mortgages 9,569 11 7
Rent 52 0 0
Bad debts recovered 404 1 5
————————
£15,346 7 6

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

Dr.
Donations £ s. d.
228 16 8
Balance transferred to Reserve Fund 41,399 16 9
————————
£41,628 13 5

Cr.
Balance, 1st April, 1948 £ s. d.
40,619 18 2
Net profit from Profit and Loss Account 1,008 15 3
————————
£41,628 13 5

BALANCE-SHEET AS AT 31ST MARCH, 1949

Depositors’ balances £ s. d.
344,787 16 5
Current Liabilities: Provision for taxation 2,678 1 8
Reserve Fund 41,399 16 9
————————
£388,865 14 10

Current assets—
Cash in hand and at bankers £ s. d. £ s. d.
26,698 17 1
Interest due and accrued on investments, mortgages, &c. 1,493 9 2
National Savings Investment Account 6,872 14 10
————————
Total current assets .. 35,065 1 1

Investments—
New Zealand Government inscribed stock 112,827 10 0
National Savings bonds 13,125 0 0
Local-body debentures 17,556 16 0
First mortgages on freehold property 208,339 5 3
————————
Total of investments .. 351,848 11 3

Total of current assets and investments .. 386,913 12 4

Fixed assets at cost, less depreciation—
Premises and property £ s. d.
1,725 10 0
Office furniture and fittings 50 0 0
Add additions 176 12 6
————————
226 12 6
Total fixed assets .. 1,952 2 6
————————
£388,865 14 10

NOTE.—Under the new style of balance-sheet it will be observed that provision for taxation for the year just ended has, for the first time, been included in the accounts.

W. HOUSTON, Manager.
S. J. PRESTON, President.

I, William John Gutberlet, being the auditor of the Hokitika 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 affairs as at the date hereof, 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 all the requirements of the Savings-banks Act, 1908, and 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.

W. J. GUTBERLET, A.P.A.N.Z., Auditor.
Hokitika, 29th April, 1949.

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

427

INVERCARGILL SAVINGS-BANK

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

RECEIPTS

Cash in hand and at banks, 31st March, 1948 £ s. d.
243,713 10 11
Amount lodged by depositors 3,448,261 19 2
Interest on mortgages 26,431 1 8
Interest on fixed deposits 2,960 0 0
Interest on Government stock 66,682 8 11
Interest on public-body debentures 8,948 13 11
Rents 263 15 0
Commission 445 13 3
Interest on National Savings investments 280 7 7
Mortgages repaid during year 37,969 2 9
Repayment local-body debentures 34,454 6 7
National Savings bonds repaid 4,488 5 0
Exchanges, fines, and forms 2 9 6
Bad debts recovered 2,177 11 2
Valuation and inspection fees 210 12 4
————————
£3,877,289 17 9

PAYMENTS

Invested on mortgages during year £ s. d.
85,485 15 0
Repaid to depositors 3,331,325 10 9
Purchase of stock and debentures 126,640 0 0
Charges and management expenses 15,092 10 7
Income and social security taxes 10,952 14 1
Donations and endowments 1,780 0 0
Mortgage sundries 164 10 0
Bank furniture and office equipment 80 18 0
Debenture premium account 66 6 3
Inspection fees 103 5 6
Cash in hand and at banks 305,598 7 7
————————
£3,877,289 17 9

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

Dr.
Interest paid to depositors £ s. d.
70,668 18 2
Charges and management expenses 15,092 10 7
Depreciation 1,525 18 0
Debenture premium account 66 6 3
Provision for taxation 14,305 16 1
Balance 9,965 19 3
————————
£111,625 8 4

Cr.
Interest on investments received and accrued 110,916 0 1
Commission 445 13 3
Rents 263 15 0
————————
£111,625 8 4

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

Dr.
Donations £ s. d.
1,780 0 0
Balance 63,803 13 8
————————
£65,583 13 8

Cr.
Balance, Profit and Loss Account, 1st April, 1948 55,617 14 5
Transfer from Profit and Loss Account 9,965 19 3
————————
£65,583 13 8

BALANCE-SHEET AS AT 31ST MARCH, 1949

Liabilities

Amount at credit of depositors £ s. d.
3,743,230 8 2
Interest Suspense Account 15,000 0 0
Investment Fluctuation Account 6,679 15 2
Income-tax reserve 5,374 14 10
Property Suspense Account 305 4 1
Provision for taxation 14,305 16 1
Profit and Loss Appropriation Account 63,803 13 8
————————
£3,848,699 12 0