DUNEDIN SAVINGS-BANK
STATEMENT of receipts and payments for year ended 31 March 1952:
RECEIPTS
Balance . . . . . . . . . . . . . . . . . . . . 265,645 6 3
Lodged by depositors . . . . . . . . . . . . . 2,774,085 7 9
Lodged by National Savings Investment Accounts 251,726 11 10
Loan interest . . . . . . . . . . . . . . . . . . 94,151 15 5
Debenture interest . . . . . . . . . . . . . . . 105,929 5 5
Bank interest . . . . . . . . . . . . . . . . . 2,850 12 6
National Savings interest . . . . . . . . . . . . 59,220 13 5
Loans repaid . . . . . . . . . . . . . . . . . . 335,759 18 3
Debentures repaid . . . . . . . . . . . . . . . . 68,782 0 11
Refunds, commission, &c. . . . . . . . . . . . . 301 17 5
Rents . . . . . . . . . . . . . . . . . . . . . 1,293 6 5
Fines . . . . . . . . . . . . . . . . . . . . . . 9 8 0
Staff Provident Fund . . . . . . . . . . . . . . 748 3 1
National Savings bonds on imprest (sales) . . . 378 0 0
Sales of Government stock . . . . . . . . . . . . 1,900 0 0
Received on behalf of other trustee banks . . . 7,385 14 2
£3,970,168 0 10
PAYMENTS
Withdrawn by depositors . . . . . . . . . . . . 2,801,740 15 6
Withdrawn by National Savings Investment Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 237,998 19 0
Charges . . . . . . . . . . . . . . . . . . . . . 26,866 10 7
Income and social security taxes . . . . . . . . . 22,995 12 7
Loans granted . . . . . . . . . . . . . . . . . . 331,250 3 2
Debentures purchased . . . . . . . . . . . . . . . 276,443 15 0
National Savings bonds on imprest . . . . . . . . 378 0 0
Grants . . . . . . . . . . . . . . . . . . . . . . 5,000 0 0
Loan interest . . . . . . . . . . . . . . . . . . 141 5 10
Debenture interest . . . . . . . . . . . . . . . . 1,450 17 4
Office furniture, &c. . . . . . . . . . . . . . . 980 0 0
Staff provident fund . . . . . . . . . . . . . . . 124 0 3
Sales of Government stock . . . . . . . . . . . . 1,900 0 0
Land and buildings . . . . . . . . . . . . . . . . 7,822 0 0
Paid on behalf of other trustee banks . . . . . . . 7,526 12 4
Balance . . . . . . . . . . . . . . . . . . . . . 247,549 9 3
£3,970,168 0 10
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1952
Dr.
Interest credited to depositors' open accounts . . . . . 132,953 7 5
Interest credited to depositors' closed accounts . . . . 5,556 6 6
Interest on staff provident funds . . . . . . . . . . . . 786 10 4
Charges and administration expenses . . . . . . . . . . . 27,888 5 1
Depreciation--
Buildings . . . . . . . . . . . . . . . . . . . . . . . 1,022 0 0
Office furniture, &c. . . . . . . . . . . . . . . . . 1,480 0 0
Provision for taxation . . . . . . . . . . . . . . . . . . 19,258 16 6
Profit and Loss Appropriation Account : Net profit . . . 16,590 18 5
Cr.
Investment interest . . . . . . . . . . . . . . . . . 203,855 8 9
Fines . . . . . . . . . . . . . . . . . . . . . . . . 9 8 0
Rents . . . . . . . . . . . . . . . . . . . . . . . . 1,299 17 7
Commission, refunds, &c. . . . . . . . . . . . . . . . 371 9 11
£205,536 4 3
PROFIT AND LOSS APPROPRIATION ACCOUNT, 31 MARCH 1952
Dr.
Provision for grants . . . . . . . . . . . . . . . . . . 5,000 0 0
Reserve fund . . . . . . . . . . . . . . . . . . . . . . . 11,590 18 5
£16,590 18 5
Cr.
Profit and Loss Account . . . . . . . . . . . . . . . . . 16,590 18 5
£16,590 18 5
RESERVE FUND AS AT 31 MARCH 1952
Dr.
Balance . . . . . . . . . . . . . . . . . . . . . . . 345,194 5 7
Cr.
Balance . . . . . . . . . . . . . . . . . . . . . . . 333,547 2 2
Profit on realization of securities . . . . . . . . . . . 56 5 0
Profit and Loss Appropriation Account . . . . . . . . . . 11,590 18 5
£345,194 5 7
Balance . . . . . . . . . . . . . . . . . . . . . . . £345,194 5 7
BALANCE-SHEET AS AT 31 MARCH 1952
Depositors' balances--
Savings-bank department . . . . . . . . . . . . . . . . 5,680,512 14 8
Thrift club accounts . . . . . . . . . . . . . . . . . . 64,206 8 11
Special purpose accounts . . . . . . . . . . . . . . . . 24,086 8 4
Ordinary depositors' total . . . . . . . . . . . . . . . 5,768,805 11 11
National Savings--
Depositors' Balances . . . . . . . . . . . . . . . . . 1,977,153 14 11
Add National Savings Interest Suspense Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,883 2 5
2,015,036 17 4
Other credit balances--
Staff provident funds . . . . . . . . . . . . . . . . . 22,955 12 11
Provision for taxation . . . . . . . . . . . . . . . . . 20,163 17 3
Provision for grants . . . . . . . . . . . . . . . . . . 5,000 0 0
Reserve Fund . . . . . . . . . . . . . . . . . . . . . . . 345,194 5 7
£8,177,156 5 0
Current assets--
Cash in hand and at bankers . . . . . . . . . . . . . . . 209,666 6 10
Fixed deposits . . . . . . . . . . . . . . . . . . . . . 130,000 0 0
339,666 6 10
Interest due and accrued on investments, &c. . . . . . . 42,384 10 10
Owing by other Trustee Banks . . . . . . . . . . . . . . . 140 18 2
Rents accrued . . . . . . . . . . . . . . . . . . . . . 174 18 6
Total current assets . . . . . . . . . . . . . . . . . . 382,366 14 4
Investments--
New Zealand Government inscribed stock . . . . . . . . 2,739,277 12 1
National savings bonds . . . . . . . . . . . . . . . . . 5,700 0 0
Local-body debentures . . . . . . . . . . . . . . . . . 662,077 17 9
First mortgages on freehold property . . . . . . . . . . . 2,327,897 3 6
Total of investments . . . . . . . . . . . . . . . . . . 5,734,952 13 4
Total of current assets and investments . . . . . . . . . 6,117,319 7 8
National Savings Securities . . . . . . . . . . . . . . . 1,977,153 14 11
Cash in hand and at bankers . . . . . . . . . . . . . . . 37,883 2 5
Total securing National Savings depositors . . . . . . . 2,015,036 17 4
Total of current assets, investments, and securities . . 8,132,356 5 0
Fixed assets : At cost less depreciation--
Land and buildings . . . . . . . . . . . . . . . . . . . 40,300 0 0
Office furniture, &c. . . . . . . . . . . . . . . . . . . 4,500 0 0
44,800 0 0
£8,177,156 5 0
R. WALLS, President.
W. G. HILLIKER, Manager.
We, the undersigned, J. S. McInnes and Sons and Jas. Brown and Co., being the auditors of the Dunedin 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 31 March 1952 ; (3) 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. 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 Dunedin Savings-bank according to the best of our information and the explanations given to us, and as shown by the books of the Bank.
J. S. MCINNES AND SONS
JAMES BROWN AND CO. Auditors.
Dunedin, 10 April 1952.
327
INVERCARGILL SAVINGS-BANK
BALANCE-SHEET as at 31 March 1952 :
Depositors' Balances--
Savings-bank Department . . . . . . . . . . . . . . . . 5,268,951 8 11
Thrift clubs . . . . . . . . . . . . . . . . . . . . . . 3,778 9 3
5,272,729 18 2
National savings depositors . . . . . . . . . . . . . . . 426,045 2 9
Add interest accrued . . . . . . . . . . . . . . . . . . 9,387 18 6
435,433 1 3
Other liabilities--
Provision for taxation . . . . . . . . . . . . . . . . . 16,825 0 0
Provision for donations . . . . . . . . . . . . . . . . . 3,600 0 0
Mortgage interest rebates accrued . . . . . . . . . . . . 894 19 9
Total of current liabilities . . . . . . . . . . . . . . 21,319 19 9
Total liabilities and provisions . . . . . . . . . . . . 5,729,482 19 2
Reserve Fund . . . . . . . . . . . . . . . . . . . . . . . 112,667 12 9
£5,842,150 11 11