1272
THE NEW ZEALAND GAZETTE
[No. 70

Current assets—
Cash in hand and at bankers £ 1,662,065 14 3
Interest due and accrued on
investments, &c. 170,901 12 11
Total current assets .. 1,832,967 7 2
Investments—
New Zealand Government
inscribed stock .. 17,785,439 8 2
National Savings bonds .. 51,238 18 5
Local-body debentures .. 1,192,252 3 4
Mortgages .. 3,777,547 8 2
Total investments .. 22,806,477 18 1

Total of current assets
    and investments            ..             24,639,445  5  3

National Savings securities—
New Zealand Government
inscribed stock .. 3,383,000 0 0
Cash in hand .. 61,705 4 2
Total securing National
Savings depositors .. 3,444,705 4 2
Total of current assets,
investments, and se-
curities .. 28,084,150 9 5
Fixed assets at cost, less
depreciation—
Premises and property .. 109,500 0 0
Furniture and fittings,
£25,265 1s. 7d.; less
depreciation reserve,
£6,765 1s. 7d. .. 18,500 0 0
Office calculating and book-
keeping machines,
£10,597 9s.; less depre-
ciation reserve, £2,247 9s. .. 8,350 0 0
Home safes, £996 6s. 4d.;
less depreciation reserve,
£946 6s. 4d. .. 50 0 0
Motor-car, £2,108 6s. 8d.;
less depreciation reserve,
£8 6s. 8d. .. 2,100 0 0
Total fixed assets .. 138,500 0 0

                              £28,222,650  9  5

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) We have examined the books, accounts, and vouchers of the bank, and have received all the information and explanations we have required; (2) we have verified the cash, investments, securities, and assets of the bank as at 31st March, 1951; (3) 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.

415
Auditors.

NEW PLYMOUTH SAVINGS-BANK

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

RECEIPTS
Cash and bank balance .. .. .. £ 164,291 4 6
Deposits received .. .. .. 1,346,933 3 5
Deposits received for National Savings .. 199,196 8 10
Loans and advances repaid .. .. .. 149,546 19 11
Interest on mortgages and investments .. 97,987 10 1
Valuation fees received .. .. .. 314 7 9
Refund on account of rates and insurance
premiums .. .. .. 24 0 0
Repayment of debentures .. .. .. 4,457 10 7
Repayment of National Savings bonds .. .. ..
Interest received from National Savings
investments .. .. .. 31,217 3 9
Commissions on Government stock and sundries .. 332 16 10

                              £1,994,301  5  8

PAYMENTS
Withdrawals .. .. .. £1,331,855 4 1
Transfers to Treasury re National Savings .. 120,000 0 0
Advances made .. .. .. 151,341 16 11
New Zealand Government inscribed stock and
local-body debentures purchased .. .. 59,700 0 0
Management, administration charges, including
salaries, Audit fee, and trustees’ fees .. 11,106 11 10
Bank rates and insurance premiums .. .. .. 279 10 6
Advertising, printing, and stationery .. .. 1,020 12 4
Income taxation and social security charge .. 11,549 9 9
Centennial expenses and charitable donations .. 674 5 0
Insurance and rates advanced to borrowers .. 36 15 4
Expenses inspecting and maintaining securities.. 758 9 0
Share earthquake insurance premiums paid to
mortgagors .. .. .. 5 14 9
Withdrawals and transfers of National Savings
deposits and interest paid to depositors .. 101,434 19 8
Furniture and office plant purchased .. .. 7 5 0
National Savings bonds purchased .. .. .. ..
Invested in National Savings Accounts .. .. ..
Cash and bank balance .. .. .. 204,530 11 6

                              £1,994,301  5  8

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

Dr.
Interest credited to depositors’ accounts .. £ 68,325 9 8
Interest credited to Staff Provident Fund .. 323 6 1
Charges and administration expenses, including
expenses inspecting securities, less valuation fees
received .. .. .. .. 12,856 10 8
Depreciation .. .. .. .. 379 3 0
Provision for taxation .. .. .. .. 11,000 0 0
Net profit transferred to Profit and Loss Appropriation Account .. .. .. .. 8,495 11 4

                              £101,380  0  9

Cr.
Interest accrued and received from investments .. 101,047 3 11
Commission and sundry receipts .. .. .. .. 332 16 10

                              £101,380  0  9

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1951

Dr.
Balance transferred to Reserve Fund .. .. £ 9,167 15 3

                              £9,167 15  3

Cr.
Centennial Expenses and Charitable Donations .. £ 372 3 11
Suspense Account .. .. .. .. 300 0 0
Discount National Development Loan, 1950 .. 8,495 11 4
Net profit .. .. .. ..

                              £9,167 15  3

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

Dr.
Interest credited to depositors’ accounts .. £ 68,325 9 8
Interest credited to Staff Provident Fund .. 323 6 1

                              £ 68,648 15  9
Salaries and Audit fees         .. .. .. ..   7,902  0 10
Trustees’ Fees                  .. .. .. ..     438  4  0
Printing, stationery, and advertising .. ..   1,020 12  4
Legal costs re securities       .. .. .. ..       7  7  0
Trustees’ travelling and inspection fees, less valuation fees received .. .. .. ..     444  1  3
Rates and fire insurance premiums on bank premises .. .. .. ..     279 10  6
Share of earthquake premiums of properties mortgaged to the bank .. .. .. ..       5 14  9
Charges—
    Staff Provident Fund contributions .. ..   325 18  1
Rent—
    Fitzroy Branch              .. .. .. ..      84 10  0
    Waitara                   .. .. .. ..      65  0  0
Cleaning                      .. .. .. ..     300 16  6
Lighting and heating            .. .. .. ..      52 11  5
General office expenses         .. .. .. ..     993  4  4
Expenses maintaining and repairing bank premises ..  936 19  8
Depreciation, bank premises and furniture ..   379  3  0
Provision for taxation          .. .. .. ..  11,000  0  0
Net profit transferred to Profit and Loss Appropriation Account .. .. .. ..  8,495 11  4

                              £101,380  0  9