AUG. 30] THE NEW ZEALAND GAZETTE 1269

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1951

Dr.
Interest added on depositors closed accounts .. .. .. £ s. d. £ s. d.
177 18 1
Interest on open accounts .. .. .. .. .. .. .. 9,190 9 0 9,368 7 1
Charges .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,400 13 7
Depreciation—
Buildings .. .. .. .. .. .. .. .. .. .. .. .. 33 0 0
Office furniture .. .. .. .. .. .. .. .. .. .. 48 2 10 81 2 10
Provision for taxation .. .. .. .. .. .. .. .. 2,300 7 5
Less overestimated last year .. .. .. .. .. .. 27 15 2 2,272 12 3
Net profit to Appropriation Account.. .. .. .. .. .. .. .. .. .. 2,760 13 10
£16,883 9 7

Cr.
Interest on fixed deposits .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
501 16 3
Interest on New Zealand Government inscribed stock .. .. .. .. 4,238 0 4
Interest on National Savings Investment Account and bonds .. .. 209 9 0
Interest on Local-body debentures .. .. .. .. .. .. .. .. .. .. 582 0 11
Interest on Post-office Savings-bank Account .. .. .. .. .. .. .. 2 9 6
Interest on mortgages .. .. .. .. .. .. .. .. .. .. .. .. .. .. 11,271 13 7
Rents .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 78 0 0
£16,883 9 7

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1951

Dr.
Donations .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
112 10 0
Balance transferred to Reserve Fund .. .. .. .. .. .. .. .. .. 2,648 3 10
£2,760 13 10

Cr.
Net profit from Profit and Loss Account .. .. .. .. .. .. .. .. £ s. d.
2,760 13 10
£2,760 13 10

BALANCE-SHEET AS AT 31ST MARCH, 1951

Depositors’ balances (2,898) .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
408,780 18 3
Current liabilities: Provision for taxation .. .. .. .. .. .. .. 2,300 7 5
Reserve Fund .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 46,985 6 0
£458,066 11 8

Current assets—
Cash in hand and at bankers .. .. .. .. .. .. .. .. .. .. .. .. £ s. d. £ s. d.
22,905 8 8
Interest due and accrued on investments, mortgages, &c. .. .. 1,637 13 2
National Savings Investment Account .. .. .. .. .. .. .. .. .. 1,139 14 1
Total current assets .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 25,682 15 11
Investments—
New Zealand Government inscribed stock .. .. .. .. .. .. .. .. 154,936 17 7
National Savings bonds .. .. .. .. .. .. .. .. .. .. .. .. .. .. 13,000 0 0
Local-body debentures .. .. .. .. .. .. .. .. .. .. .. .. .. .. 16,349 12 7
First mortgages on freehold property .. .. .. .. .. .. .. .. .. 245,658 16 9
Total of current assets and investments .. .. .. .. .. .. .. .. .. .. .. .. 429,945 6 11
Total of current assets and investments .. .. .. .. .. .. .. .. .. .. .. .. 455,628 2 10
Fixed assets at cost, less depreciation—
Premises and property .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,659 10 0
Office furniture and fittings, £382 17s. 10d.; plus additions, £444 3s. 10d.; total, £827 1s. 8d.; less depreciation, £48 2s. 10d. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 778 18 10
Total fixed assets .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,438 8 10
£458,066 11 8

D. M. PETTIGREW, President.
W. HOUSTON, Manager.

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) I have verified the cash, investments, securities, and assets of the bank as at 31st March, 1951; (3) The Manager has certified that, to the best of his knowledge and belief, all the requirements of the Trustee Savings-banks Act, 1948, and regulations thereunder, have been complied with.

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, 25th May, 1951.

C

THE DUNEDIN SAVINGS-BANK

STATEMENT of receipts and payments for year ended 31st March, 1951:—

RECEIPTS

Balance .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
314,369 19 3
Lodged by depositors .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,563,611 10 5
Lodged by National Savings Investment Accounts .. .. .. .. .. 254,357 0 1
Loan interest .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 94,614 14 5
Debenture interest .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 103,321 9 4
Bank interest .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,850 0 6
National Savings interest .. .. .. .. .. .. .. .. .. .. .. .. .. 56,472 17 9
Loans repaid .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 319,672 13 7
Debentures repaid .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 120,792 16 8
Refunds, commission, &c. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,168 3 6
Rents .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,020 7 2
Fines .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 11 7 6
Staff Provident Fund .. .. .. .. .. .. .. .. .. .. .. .. .. .. 455 10 2
National Savings bonds on imprest .. .. .. .. .. .. .. .. .. .. 8,801 0 0
Sales of Government stock .. .. .. .. .. .. .. .. .. .. .. .. .. 18,910 10 0
£3,861,430 0 4
Balance .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £265,645 6 3

PAYMENTS

Withdrawn by depositors .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
2,645,057 12 5
Withdrawn National Savings Investment Accounts .. .. .. .. .. 225,721 4 4
Charges .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 24,719 4 2
Income and social security taxes .. .. .. .. .. .. .. .. .. .. 25,422 16 2
Loans granted .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 328,403 4 4
Debentures purchased .. .. .. .. .. .. .. .. .. .. .. .. .. .. 311,703 2 6
National Savings bonds on imprest .. .. .. .. .. .. .. .. .. .. 8,951 0 0
Grants .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 5,000 0 0
Loan interest .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 112 13 10
Office furniture .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 268 18 3
Debenture interest .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,487 15 6
Staff Provident Fund .. .. .. .. .. .. .. .. .. .. .. .. .. .. 26 12 7
Sales of Government stock .. .. .. .. .. .. .. .. .. .. .. .. .. 18,910 10 0
Balance .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 265,645 6 3
£3,861,430 0 4

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1951

Dr.
Interest credited to depositors’ open accounts .. .. .. .. .. .. £ s. d. £ s. d.
130,582 9 7
Interest credited to depositors’ closed accounts .. .. .. .. .. 5,092 1 8 135,674 11 3
Interest on Staff Provident Funds .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 706 4 8
Charges and administration expenses .. .. .. .. .. .. .. .. .. .. .. .. .. .. 25,189 10 11
Depreciation—
Buildings .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,000 0 0
Office furniture .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,268 18 3 2,268 18 3
Provision for taxation .. .. .. .. .. .. .. .. .. .. .. .. .. .. 23,853 9 6
Profit and Loss Appropriation Account: Net profit .. .. .. .. .. 17,183 2 8
£204,875 17 3

Cr.
Investment interest .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
201,643 11 7
Fines .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 11 7 6
Rents .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,050 4 2
Commission, refunds, &c. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,170 14 0
£204,875 17 3

PROFIT AND LOSS APPROPRIATION ACCOUNT, 31ST MARCH, 1951

Dr.
Provision for grants .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
5,000 0 0
Reserve Fund .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 12,183 2 8
£17,183 2 8

Cr.
Profit and Loss Account .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
17,183 2 8
£17,183 2 8

RESERVE FUND AS AT 31ST MARCH, 1951

Balance .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
333,547 2 2
£333,547 2 2

Balance .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £ s. d.
320,360 17 3
Profit on realization of security .. .. .. .. .. .. .. .. .. .. 3 2 3
Discount on debentures purchased .. .. .. .. .. .. .. .. .. .. 1,000 0 0
Profit and Loss Appropriation Account .. .. .. .. .. .. .. .. .. 12,183 2 8
£333,547 2 2
Balance .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. £333,547 2 2