Aug. 30] THE NEW ZEALAND GAZETTE 1271

I, the undersigned, being the auditor of the Invercargill 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 Invercargill Savings-bank according to the best of my information and the explanations given to me, and as shown by the books of the bank.

417 GEO. ADAMS, F.P.A.N.Z., Auditor.

AUCKLAND SAVINGS-BANK

STATEMENT of the cash receipts and payments of the Auckland Savings-bank for the year ended 31st March, 1951.

RECEIPTS

Balance as at 1st April, 1950 (cash in hand and Bank of New Zealand) .. .. .. .. £ 1,437,800 8 8
Savings-bank deposits .. .. .. .. 11,812,263 2 3
Interest on mortgages .. .. .. .. 168,917 14 0
Interest on New Zealand Government inscribed stock .. .. .. .. 537,176 1 8
Interest on National Savings bonds investments .. .. .. .. 2,401 10 10
Interest on local-body debentures .. .. .. .. 44,689 8 3
Interest on Bank of New Zealand Current Account .. .. .. .. 18,836 9 0
Mortgage principal repayments .. .. .. .. 633,578 10 2
National Savings bonds principal repaid .. .. .. .. 29,885 5 2
Local-body debenture repayments .. .. .. .. 114,153 19 9
Charges (refunds) .. .. .. .. 160 12 10
Rent .. .. .. .. 2,059 1 8
Mortgage securities inspection fees .. .. .. .. 1,922 11 0
Mortgagors’ Suspense Account .. .. .. .. 12,821 17 0
Mortgage sundries .. .. .. .. 866 16 7
Safe custody fees .. .. .. .. 120 9 6
Exchange and commissions .. .. .. .. 2,480 13 9
Sale of furniture and fittings replaced .. .. .. .. 24 11 5
Buildings alterations (sale of surplus materials) .. .. .. .. 11 8 0
Bad debts recovered .. .. .. .. 2,886 13 2
National Savings deposits .. .. .. .. 645,113 1 11
Interest on National Savings securities .. .. .. .. 95,836 14 0
National Savings bonds .. .. .. .. 7,323 0 0
£15,571,330 0 7

PAYMENTS

Savings-bank withdrawals .. .. .. .. £11,224,829 15 6
Provident Fund .. .. .. .. 2,393 0 10
Mortgage advances .. .. .. .. 745,770 0 0
New Zealand Government inscribed stock .. .. .. .. 775,024 10 2
National Savings bonds investments .. .. .. .. 22,209 17 10
Local-body investments .. .. .. .. 92,102 15 10
Charges .. .. .. .. 94,174 13 1
Commissions .. .. .. .. 185 3 6
Income and social security taxes .. .. .. .. 88,768 5 3
Furniture and fittings .. .. .. .. 14,813 14 6
Office calculating and book-keeping machines.. .. .. .. 4,309 13 4
Motor-car .. .. .. .. 2,750 0 0
Buildings and property .. .. .. .. 100 0 0
Buildings alterations .. .. .. .. 12,982 0 10
Rent .. .. .. .. 71 0 6
Donations .. .. .. .. 5,526 5 0
Premiums and charges on investments .. .. .. .. 3,549 6 7
Interest Suspense Account on investments .. .. .. .. 2,947 14 2
National Savings interest and repayments .. .. .. .. 342,225 0 9
National Savings securities .. .. .. .. 389,000 0 0
National Savings bonds .. .. .. .. 7,323 0 0
Taxes paid in advance on National Savings bonds .. .. .. .. 108 15 0
Mortgage sundries .. .. .. .. 727 8 7
Mortgagors’ Suspense Account .. .. .. .. 13,646 1 6
Earthquake and war damage insurance .. .. .. .. 194 10 1
Mortgage securities inspections .. .. .. .. 1,826 9 4
Balance Current Account, £ s. d.
Bank of New Zealand .. 1,632,815 9 6
Balance, cash in hand .. 90,955 8 11
1,723,770 18 5
£15,571,330 0 7

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

Dr.

Interest on depositors’ closed accounts .. .. .. £10,195 18 3
Interest on depositors’ open accounts .. .. .. 518,288 10 2
£528,484 8 5
Interest on Provident Fund .. .. .. .. 6,623 11 8
Charges—
Ordinary .. .. .. .. 93,322 17 10
Provident Fund .. .. .. .. 8,734 19 1
102,057 16 11
Depreciation on buildings .. .. .. .. 4,539 17 9
Depreciation on furniture and fittings .. .. .. .. 1,239 19 9
Depreciation on office calculating and book-keeping machines .. 909 13 4
Depreciation on motor-car .. .. .. .. 650 0 0
7,339 10 10
Provision for taxation—
Income and social security taxes .. .. .. .. 80,045 5 2
Social security tax on bonds purchased .. .. .. .. 108 14 11
80,154 0 1
Net profit .. .. .. .. 56,774 18 7
£781,434 6 6

Cr.

Interest on Bank of New Zealand Current Account .. .. .. .. £18,836 9 0
Interest on New Zealand Government inscribed stock .. .. .. .. 538,253 4 2
Interest on National Savings bonds .. .. .. .. 1,591 11 3
Interest on local-body debentures .. .. .. .. 44,066 3 11
Interest on mortgages .. .. .. .. 170,893 14 1
£773,641 2 5
Interest on investments—
Interest on advance payment of income-tax .. .. .. .. 502 10 0
Rent .. .. .. .. 1,988 1 2
Safe custody fees .. .. .. .. 120 9 6
Exchange and commissions .. .. .. .. 2,295 10 3
Bad debts recovered .. .. .. .. 2,886 13 2
£781,434 6 6

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1951

Dr.

Premiums, &c., on Government inscribed stock and debenture purchases .. .. .. .. £6,497 0 9
Provision for donations .. .. .. .. 10,000 0 0
Balance to Reserve Fund .. .. .. .. 40,277 17 10
£56,774 18 7

Cr.

Net profit .. .. .. .. £56,774 18 7
£56,774 18 7

BALANCE-SHEET OF THE AUCKLAND SAVINGS-BANK AS AT 31ST MARCH, 1951

Depositors’ balances—
Savings-bank department .. .. .. .. £22,588,696 10 11
Thrift clubs department .. .. .. .. 369,605 12 1
Penny bank department .. .. .. .. 2,349 12 10
Schools banks department .. .. .. .. 63,886 0 7
Ordinary depositors’ total .. .. .. .. 23,024,537 16 5
National Savings depositors’ total .. .. .. .. 3,383,780 3 6
Add National Savings Interest Suspense Account .. .. .. .. 60,925 0 8
3,444,705 4 2
Other liabilities—
Staff Provident Fund .. .. .. .. 143,205 14 11
Provision for taxation .. .. .. .. 80,045 5 2
Provision for donations .. .. .. .. 10,000 0 0
Total of other liabilities .. .. .. .. 233,251 0 1
Total of liabilities and provisions .. .. .. .. 26,702,494 0 8
Reserve Fund—
Balance, 1st April, 1950 .. .. .. .. 1,475,982 0 10
Add—
Balance, Reserve Suspense Account .. .. .. .. 2,422 15 1
Balance, Provision for Donations (1950 Account) .. .. .. .. 1,473 15 0
1,479,878 10 11
Balance, Appropriation Account .. .. .. .. 40,277 17 10
1,520,156 8 9
£28,222,650 9 5