1340
THE NEW ZEALAND GAZETTE
[No. 53
Current Assets--
Cash in hand and at banks 285,251 18 8
Interest due and accrued on
investments, mortgages,
rents, &c. 30,256 17 10
Total current assets 315,508 16 6
Investments--
New Zealand Government
Stock, ordinary holdings 2,954,035 0 0
New Zealand Government
Stock, National Savings 426,100 0 0
Public-body debentures 1,052,285 8 3
First mortgages of freehold
property 1,077,261 17 2
Total of investments 5,509,682 5 5
Total current assets and
investments 5,825,191 1 11
Fixed assets, less depreciation--
Bank premises, £10,170 ;
less depreciation, £1,175 8,995 0 0
Furniture and office equipment,
£9,015 15s. 6d. ;
less depreciation,
£1,051 5s. 6d. 7,964 10 0
Total fixed assets 16,959 10 0
£5,842,150 11 11
PROFIT AND LOSS ACCOUNT
Dr.
Interest paid to depositors 112,068 12 1
Charges and management expenses 23,908 17 6
Depreciation on buildings 1,175 0 0
Depreciation on furniture and office equipment 1,051 5 6
Bad debts written off 1,699 3 2
Provision for taxation 16,825 0 0
Balance to Appropriation Account 12,610 3 4
£169,338 1 7
Cr.
Interest on fixed deposits 4,008 9 10
Interest on Government stock 93,058 1 9
Interest on public-body debentures 31,047 2 6
Interest on mortgages 39,614 9 4
Interest on deposit Post Office Savings-bank 42 10 0
Bad debts recovered 200 0 0
Rents, fees, and commissions 1,367 8 2
£169,338 1 7
PROFIT AND LOSS APPROPRIATION ACCOUNT
£ s. d.
Provision for donations 3,600 0 0
Balance to reserve fund 9,010 3 4
£12,610 3 4
Balance from Profit and Loss Account 12,610 3 4
£12,610 3 4
STATEMENT OF RECEIPTS AND PAYMENTS FOR YEAR ENDED
31 MARCH 1952
Receipts
£ s. d.
Cash in hand and at banks 31 March 1951 504,207 16 7
Amount lodged by depositors, less interest paid 5,627,977 14 6
Interest received on mortgages 31,081 12 11
Interest received on fixed deposits 4,000 0 0
Interest received on Government stock 68,914 9 3
Interest received on public-body debentures 25,099 13 0
Rents, fees, and commissions 1,367 8 2
Bad debts recovered 200 0 0
Mortgages repaid during year 112,908 13 4
Investments matured and sold 162,319 14 7
Mortgage inspection fees 766 2 3
Interest on National Savings investments 11,718 16 1
National Savings deposit withdrawn 18,337 0 0
£6,568,899 0 8
Payments
£ s. d.
Invested on first mortgage during year 331,349 16 6
Repaid depositors 5,333,818 2 11
Purchase of stock and debentures 575,490 10 2
Charges and management expenses 23,908 17 6
Income and social security taxes 13,183 4 6
Donations 2,735 0 0
Furniture and office equipment 1,174 15 6
Mortgage inspection fees 287 11 9
Bad debts written off 1,699 3 2
Cash in hand and at banks 285,251 18 8
£6,568,899 0 8
W. M. C. DENHAM, President.
H. R. WILCOX, Manager.
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) That I 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 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.
GEO. ADAMS, F.P.A.N.Z., Auditor.
Invercargill, 5 May 1952.
NEW PLYMOUTH SAVINGS-BANK
STATEMENT of receipts and payments for the year ended
31 March 1952 :-
RECEIPTS
£ s. d.
Cash and bank balances 204,530 11 6
Deposits received 1,467,682 9 4
Deposits received for National Savings 259,629 4 4
Loans and advances repaid 191,692 14 2
Interest on mortgages and investments 102,430 18 3
Valuation fees received 536 7 6
Refund on account of rates and insurance
premiums 14 7 4
Repayment of debentures 4,894 13 2
Interest received from National Savings invest-
ments 36,306 14 3
Commissions on Government stock and sundries 310 15 11
Trustee Savings Banks remittances 554 11 7
Depositors' interest refunded 2 5 4
Repayment Bank National Savings deposits 20,000 0 0
£2,288,585 12 8
PAYMENTS
£ s. d.
Withdrawals 1,470,981 2 9
Transfers to Treasury re National Savings 180,000 0 0
Advances made 360,751 0 0
New Zealand Government inscribed stock and
local-body debentures purchased 53,396 18 0
Management, administration charges, including
salaries, audit fee, and trustees fees 10,385 11 3
Bank rates and insurance premiums 356 7 5
Advertising, printing and stationery 1,423 17 9
Income taxation and social security charge 10,816 17 10
Donations 755 0 0
Insurance and rates advanced to borrowers 17 17 5
Expenses inspecting and maintaining securities 829 3 0
Share earthquake insurance premiums paid to
mortgagers 9 0 8
Withdrawals and transfers of National Savings
deposits and interest paid to depositors 128,391 6 3
Furniture and office plant purchased 153 5 3
Waitara property purchased (stamp duty) 10 9 0
Cash and bank balance 70,307 16 1
£2,288,585 12 8
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH
1952
Dr.
£ s. d.
Interest credited to depositors' accounts 69,327 3 9
Interest credited to staff provident fund 348 17 6
Charges and administration expenses, including
expenses inspecting securities, less valuation fees
received 12,467 12 7
Depreciation 364 9 9
Provision for taxation 13,000 0 0
Net profit transferred to Profit and Loss Appo-
priation Account 11,298 14 10
£106,806 18 5
Cr.
£ s. d.
Interest accrued and received from investments 106,496 2 6
Commission and sundry receipts 310 15 11
£106,806 18 5