6 AUG.]

THE NEW ZEALAND GAZETTE

Current assets:
£ s. d.
Cash in hand and at bankers 1,682,716 14 3
Interest due and accrued on investments, etc. ... 176,471 14 1
Total current assets ... 1,859,188 8 4
Investments:
New Zealand Government inscribed stock ... 17,171,704 16 1
National Savings bonds ... 46,158 13 8
Local-body debentures ... 1,535,348 19 1
Mortgages ... 5,272,280 16 5
Total investments ... 24,025,493 5 3

Total of current assets and investments ... 25,884,681 13 7
National savings securities:
New Zealand Government inscribed stock ... 4,006,000 0 0
Cash in hand ... 68,582 12 4
Total securing National Savings depositors ... 4,074,582 12 4
Total of current assets, investments, and securities ... 29,959,264 5 11
Fixed assets at cost, less depreciation:
Premises and property ... 131,000 0 0
Furniture and fittings, £41,409 10s. 0d.; less depreciation reserve, £6,749 10s. 0d. ... 34,660 0 0
Office calculating and bookkeeping machines, £39,563 7s. 4d.; less depreciation reserve, £2,563 7s. 4d... 37,000 0 0
Home safes, £1,300 12s. 8d.; less depreciation reserve, £757 0s. 4d. ... 543 12 4
Motor-car, £957 13s. 0d.; less depreciation reserve, £67 13s. 0d. ... 890 0 0
Total fixed assets ... 204,093 12 4
£30,163,357 18 3

W. H. PRICE, 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 31 March 1953 ; (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.
D. C. O'HALLORAN, B.Com., F.P.A.N.Z.

Auditors.

NEW PLYMOUTH SAVINGS BANK

STATEMENT of receipts and payments for year ended 31 March 1953 :

RECEIPTS
£ s. d.
Cash and bank balances ... 70,307 16 1
Deposits received ... 1,462,237 7 0
Deposits received for National Savings ... 214,266 16 11
Loans and advances repaid ... 157,448 14 3
Interest on mortgages and investments ... 107,090 3 0
Valuation fees received ... 220 10 6
Refund on account of rates and insurance premiums ... 17 17 5
Repayment of debentures ... 5,477 8 11
Interest received from national savings investments ... 39,692 3 11
Commissions on Government stock and sundries ... 220 12 2
Trustee Savings Banks transfers ... 11,862 11 6
£2,068,842 1 8

PAYMENTS
£ s. d.
Withdrawals ... 1,459,710 13 6
Transfers to Treasury re National Savings ... 60,000 0 0
Advances made ... 134,033 19 0
Management, administration charges including salaries, audit fee, and trustees fees ... 11,730 13 2
Bank rates and insurance premiums ... 363 1 9
Advertising, printing, and stationery ... 1,489 9 3
Income, taxation, and social security charge ... 12,797 4 7
Donations ... 390 0 0

Insurance and rates advanced to borrowers ... 17 18 0
Expenses inspecting and maintaining securities ... 569 16 9
Share earthquake insurance premiums paid to mortgagors ... 7 19 2
Withdrawals and transfers of National Savings deposits and interest paid to depositors ... 190,901 8 8
Furniture and office plant purchased ... 3,520 2 9
Waitara property purchased ... 995 1 6
Trustee savings banks transfers ... 12,417 3 1
Cash and bank balance ... 179,897 10 6
£2,068,842 1 8

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1953
Dr.
Interest credited to depositors' accounts ... 70,622 1 9
Interest credited to staff provident fund ... 392 7 3
Charges and administration expenses, including expenses inspecting securities, less valuation fees received ... 13,940 9 7
Depreciation ... 532 15 11
Provision for taxation ... 12,500 0 0
Net profit transferred to Profit and Loss Appropriation account ... 11,961 18 10
£109,949 13 4

Cr.
Interest accrued and received from investments ... 109,229 1 2
Commissions, sundry receipts, and refunds ... 720 12 2
£109,949 13 4

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1953
Dr.
Donations ... 390 0 0
Balance transferred to reserve fund ... 11,671 18 10
£12,061 18 10

Cr.
Principal recovered ... 100 0 0
Net profit ... 11,961 18 10
£12,061 18 10

BALANCE SHEET AS AT 31 MARCH 1953

Depositors' balances :
Savings bank department 3,040,741 6 2
Ordinary depositors' total ... 3,040,741 6 2
National Savings depositors' total ... 1,346,781 6 10
Add National Savings Interest Suspense account ... 25,788 14 10
1,372,570 1 8
Other liabilities:
Staff provident fund ... 8,603 15 8
Provision for taxation ... 13,314 12 5
Total of other liabilities ... 21,918 8 1
Total of liabilities and provisions ... 4,435,229 15 11
Reserve Fund:
Balance 1 April 1952 ... 138,083 14 4
Add Balance Appropriation account ... 11,671 18 10
149,755 13 2
£4,584,985 9 1

Current assets:
Cash in hand and at bankers on current account ... 157,277 8 10
Fixed deposit accounts at bankers ... 150,000 0 0
Interest due and accrued on investments ... 19,132 17 0
Total current assets ... 326,410 5 10
Investments:
New Zealand Government inscribed stock and war loans at par value ... 1,381,845 0 0
National Savings Bonds ... 27,606 13 6
National Savings accounts ... 47,615 17 1
Local-body debentures ... 158,007 15 11
First mortgage on freehold property ... 1,254,598 18 2
Total investments ... 2,869,674 4 8
Total current assets and investments ... 3,196,084 10 6
National Savings securities:
New Zealand Government inscribed stock ... 1,349,950 0 0
Cash in hand and at bank ... 22,620 1 8
Total securing National Savings depositors ... 1,372,570 1 8
Total current assets, investments, and securities ... 4,568,654 12 2