BALANCE-SHEET OF THE AUCKLAND SAVINGS-BANK AS AT

31st MARCH, 1950

Depositors' balances—

• Savings - bank department 21,518,944 9 10
• Thrift Clubs Department.. 328,687 1 0
• Penny Bank Department.. 4,091 17 2
• Schools Banks Department 56,896 13 3

Ordinary depositors’ total —— 21,908,620 1 3

National Savings depositors' total .. 2,994,390 1 5
*Add: National Savings 53,459 16 10

Interest Suspense Account ——— 3,047,849 18 3

Other liabilities—

• Staff Provident Fund .. 130,240 5 0
• Provision for taxation .. 89,270 15 4
• Provision for donations ... 7,000 0 0

Total of other liabilities 226,511 0 4

Total of liabilities and provisions .. 25,182,980 19 10

Reserve Fund—

• Balance, 1st April, 1949 1,400,780 8 2
• Add : Balance, Reserve Suspense Account 18,223 7 7
• Add : Balance, Appropriation Account 56,978 5 1

1,475,982 0 10

£26,658,963 0 8

Current assets—

• Cash in hand and at bankers 1,383,950 10 5
• Interest due and accrued
  on investments, &c... 168,596 17 9

Total current assets .. 1,552,547 8 2

Investments—

• New Zealand Government inscribed stock .. 17,009,362 8 6
• National Savings bonds .. 58,207 3 4
• Local-body debentures .. 1,213,640 4 1
• Mortgages .. 3,665,355 18 4

Total investments 21,946,565, 14 3

Total of current assets and investments 23,499,113 2 5

National Savings securities—

• New Zealand Government inscribed stock .. 2,994,000 0 0
• Cash in hand .. 53,849 18 3

Total securing National Savings depositors .. 3,047,849 18 3

Total of current assets, investments, and securities .. 26,546,963 0 8

Fixed assets at cost, less depreciation—

• Premises and property 103,000 0 0
• Furniture and fittings 10,719 6 11
• Less depreciation reserve 6,719 6 11

Office calculating and book-keeping machines .. 7,154 14 4
*Less depreciation reserve 2,204 14 4

Home safes .. 1,107 0 4
*Less depreciation reserve 1,057 0 4

50 0 0

£26,658,963 0 8

W. H. RICE, President.
F. E. SUTHERLAND, General Manager.

We, the undersigned, being the auditors of the Auckland Savings-bank, appointed in terms of section 29 (3) of the Trustee Savings-banks Act, 1948, report: (1) That we have examined the books, accounts, and vouchers of the bank, and have received all the information and explanations we have required; (2) that we have verified the cash, investments, securities, and assets of the bank as at 31st March, 1950 ; (3) that the General 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.

In our opinion, the above balance-sheet is drawn up so as to exhibit a true and correct view of the state of affairs of the Auckland Savings-bank according to the best of our information and the explanations given to us, and as shown by the books of the bank.

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

NEW PLYMOUTH SAVINGS-BANK

STATEMENT of Receipts and Payments for the Year ended 31st March, 1950:

RECEIPTS

• Cash and bank balance ... 177,500 7 1
• Deposits received ... 1,207,469 2 1
• Deposits received for National Savings 170,047 13 4
• Loans and advances repaid ... 129,125 7 8
• Interest on mortgages and investments 93,578 10 7
• Valuation fees received ... 265 0 9
• Refund on account of rates and insurance premiums 13 6 10
• Repayment of debentures ... 5,206 9 0
• Repayment of National Savings Bonds 234 14 0
• Interest received from National Savings investments ... 27,720 8 5
• Commissions on Government stock and sundries 572 9 6
• Sale of money-boxes ... 3 0 0

£1,811,736 9 3

PAYMENTS

• Withdrawals ... 1,087,571 7 11
• Transfers to Treasury re National Savings 110,000 0 0
• Advances made ... 128,299 10 0
• New Zealand Government inscribed stock and local-body debentures purchased ... 180,000 0 0
• Management, administration charges, including salaries, audit fee, and trustees fees 9,375 19 8
• Bank rates and insurance premiums 249 19 6
• Advertising, printing, and stationery 1,184 1 6
• Income taxation and social security taxation 12,268 7 0
• Centennial expenses and charitable donations 1,448 11 1
• Insurance and rates advanced to borrowers 4 8 4
• Expenses inspecting and maintaining securities 555 3 0
• Share earthquake premiums paid to mortgagers 6 12 4
• Withdrawals and transfers of National Savings deposits and interest paid to depositors 81,036 1 0
• Furniture and office plant purchased ... 445 3 5
• National Savings Bonds purchased ... 25,000 0 0
• Invested in National Savings accounts 10,000 0 0
• Cash and Bank balance ... 164,291 4 6

£1,811,736 9 3

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 1950

Dr.

• Interest credited to depositors' accounts .. 64,903 0 10
• Interest credited to staff provident fund .. 497 0 9
• Charges and administration expenses, including expenses inspecting securities, less valuation fees received ... 11,053 15 3
• Depreciation ... 373 12 6
• Provision for taxation ... 12,500 0 0

Nett profit transferred to Profit and Loss Appropriation Account ... 8,374 15 11

£97,702 5 3

Cr.

• Interest accrued and received from investments .. 97,129 15 9
• Commission and sundry receipts .. 572 9 6

£97,702 5 3

PROFIT AND LOSS APPROPRIATION ACCOUNT AS AT 31ST MARCH, 1950

Dr.

• Donations ... 545 0 0
• Centennial expenses and charitable donations suspense account ... 2,000 0 0
• Balance transferred to reserve fund ... 118,269 2 3

£120,814 2 3

Cr.

• Balance, 1st April, 1949 99,642 14 9
• Property investment and fluctuation reserve account ... 7,215 7 9
• Depreciation reserve account ... 1,549 6 4
• Government stock written up to face value transferred to reserve fund as per contra ... 4,031 17 6
• Net profit ... 8,374 15 11

£120,814 2 3