1610
THE NEW ZEALAND GAZETTE
[No. 53
BALANCE-SHEET AS AT 31ST MARCH, 1950
Depositors' balances (2676) . 385,396 4 3
Current liabilities : Provision for taxation 3,180 6 4
Reserve fund 44,337 2 2
£432,913 12 9
Assets
Current assets-
Cash in hand and at bankers 40,677 14 4
Interest due and accrued on invest-
ments, mortgages, &c. 1,556 17 3
National Savings Investment
Account .. 1,076 16 0
Total current assets .. 43,311 7 7
Investments-
New Zealand Government in-
scribed stock 128,994 17 4
National Savings bonds 13,458 0 0
Local-body debentures 16,963 13 8
First mortgages on freehold
property 228,110 6 4
387,526 17 4
Total of investments and current assets 430,838 4 11
Fixed assets at cost, less depreciation-
Premises and property 1,692 10 0
Office furniture and £ s. d.
fittings 226 12 6
Plus additions 178 0 0
402 12 6
Less depreciation 21 14 8
382 17 10
2,075 7 10
£432,913 12 9
W. HOUSTON, Manager.
D. M. PETTIGREW, President.
I, the undersigned, being the auditor of the Hokitika Savings-
bank, appointed in terms of section 29 (3) of the Trustee Savings-
banks Act, 1948, report : (1) That I have examined the books,
accounts, and vouchers of the bank, and have received all the
information and explanations I have required ; (2) that I have
verified the cash, investments, securities, and assets of the bank as at
31st March, 1950 ; (3) that the manager has certified that to the best
of his knowledge and belief, all requirements of the Trustee Savings-
banks Act, 1948, and regulations thereunder have been complied
with, excepting section 24, subsection 4 (a).
In my opinion, the above balance-sheet is drawn up so as to
exhibit a true and correct view of the state of affairs of the Hokitika
Savings-bank according to the best of my information and the
explanations given to me, and as shown by the books of the bank.
W. J. GUTBERLET, A.P.A.N.Z., Auditor.
Hokitika, 22nd May, 1950.
379
AUCKLAND SAVINGS-BANK
STATEMENT of the Cash Receipts and Payments of the Auckland
Savings-bank for the Year ended 31st March, 1950 :-
RECEIPTS
Balance as at 1st April, 1949 (cash in hand and £ s. d.
at Bank of New Zealand) 1,439,121 7 1
Savings-bank deposits 9,736,947 6 0
Interest on mortgages 164,383 10 11
Interest on New Zealand Government inscribed
stock 506,369 1 7
Interest on National Savings bonds investments 2,208 19 4
Interest on local-body debentures 46,270 11 1
Interest on Bank of New Zealand Current Account 18,373 2 3
Mortgage principal repayments 441,231 3 6
National savings bonds principal repaid 39,246 14 5
Local-body debenture repayments 102,695 12 8
Charges (refunds) 145 2 0
Rent 1,405 3 10
Mortgage securities inspection fees 1,867 8 6
Mortgagors' Suspense Account 7,979 8 11
Mortgage sundries 1,518 8 4
Safe custody fees 124 7 9
Exchange and commissions 6,065 5 3
Sale of furniture and fittings replaced 14 18 8
Buildings alterations (sale of strongroom door) 87 10 0
Bad debts recovered 2,228 5 1
Securities Realization Account 92 1 9
National Savings deposits 603,836 11 11
Interest on National Savings securities 84,004 15 7
National Savings bonds 15,030 0 0
£13,221,246 16 5
PAYMENTS
£ s. d.
Savings-bank withdrawals 9,317,104 10 11
Provident Fund 12,370 9 0
Mortgage advances 638,115 15 0
New Zealand Government inscribed stock 805,004 19 5
National Savings bonds investments 18,123 19 6
Local-body investments 49,382 1 9
Charges 80,391 17 4
Commissions 112 5 6
Income and social security taxes 86,820 19 2
Furniture and fittings 2,258 16 5
Office calculating and book-keeping machines 504 18 6
Buildings and property 37,593 5 6
Buildings alterations 9,442 4 11
Rent 220 0 0
Donations 18,000 0 0
Premiums and charges on investments 1,045 14 7
Interest Suspense Account on investments 255 14 9
National Savings interest and repayments 304,206 8 8
National Savings securities 376,000 0 0
National Savings bonds 15,030 0 0
Taxes paid in advance on National Savings bonds 108 15 0
Mortgage sundries 1,775 1 4
Securities Realization Account 4 14 6
Mortgagors' Suspense Account 7,231 9 3
Earthquake and war-damage insurance 175 12 9
Mortgage securities inspections 2,166 14 0
Balance Current Account, £ s. d.
Bank of New Zealand 1,346,943 0 1
Balance, cash in hand 90,857 8 7
1,437,800 8 8
£13,221,246 16 5
REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1950
Dr.
Interest on depositors' closed £ s. d. £ s. d.
accounts 9,029 14 0
Interest on depositors' open
accounts 488,552 4 2 497,581 18 2
Interest on Provident Fund Accounts 6,408 5 4
Gross profit 244,837 1 1
£748,827 4 7
Cr.
Interest on Bank of New Zealand £ s. d. £ s. d.
Current Account 18,373 2 3
Interest on New Zealand Govern-
ment inscribed stock 511,663 9 1
Interest on National Savings bonds 1,805 19 9
Interest on local-body debentures 45,610 10 5
Interest on mortgages 163,406 14 5
Interest on investments 740,859 15 11
Interest on advance payment of income tax 700 0 0
Rent 1,190 1 2
Safe Custody Fees 124 7 9
Exchange and Commissions 5,952 19 9
£748,827 4 7
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1950
Dr.
Charges, ordinary £ s. d. £ s. d.
Charges, Provident Fund 7,778 0 7 87,711 18 6
Depreciation on buildings 3,641 14 0
Depreciation on furniture and
fittings 677 18 10
Depreciation on office calculating
and book-keeping machines 554 18 6
Provision for taxation-
Income and social security taxes 89,270 15 4
Social security tax on bonds
purchased 108 14 11
Net profit £247,245 14 6
Cr.
Gross profit 244,837 1 1
Bad debts recovered 2,228 5 1
Profit on security realized 180 8 4
£247,245 14 6
APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1950
Dr.
Premiums, &c., on Government inscribed stock and £ s. d.
debenture purchases 1,301 9 4
Provision for donations 7,000 0 0
Balance to Reserve Fund 56,978 5 1
£65,279 14 5
Cr.
Net profit £65,279 14 5