1056
THE NEW ZEALAND GAZETTE
[No. 40

BALANCE SHEET OF THE AUCKLAND SAVINGS BANK AS AT 31 MARCH 1954

Depositors’ balances :
Savings Bank department £24,952,919 15 2 £ s. d.
Thrift clubs 574,125 10 11
Schools banks 90,211 19 1
Ordinary depositors’ total ———————— 25,617,257 5 2
National Savings depositors’ total .. 4,098,807 0 8
Add National Savings Interest Suspense Account 77,247 15 3 4,176,054 15 11

Other liabilities :
Staff Provident Fund 185,416 11 4
Provision for taxation 61,442 2 2
Provision for donations 20,000 0 0
Total of other liabilities ———————— 266,858 13 6

Total of liabilities and provisions .. 30,060,170 14 7

Reserve fund :
Balance, 1 April 1953 .. 1,621,924 12 6
Add Balance, reserve suspense Account .. 57 0 5
Balance, provision for taxation,1953Account .. 1,213 1 8
Balance, provision for donations .. .. 1,100 0 0
———————— 1,624,294 14 7
Balance, Appropriation Account .. 54,636 4 11 1,678,930 19 6
———————— £31,739,101 14 1
==========

Current assets :
Cash in hand and at bankers £1,817,403 8 3 £ s. d.
Interest due and accrued on investments, etc. .. 182,859 4 3 2,000,262 12 6

Investments :
New Zealand Government inscribed stock .. 15,994,438 12 1
National Savings bonds .. 43,789 4 6
Local-body debentures .. 2,967,478 1 6
Mortgages .. 6,336,863 7 7
Total investments .. ———————— 25,342,569 5 8

Total of current assets and investments .. .. 27,342,831 18 2

National Savings securities :
New Zealand Government inscribed stock .. 4,166,000 0 0
Cash in hand .. 10,054 15 11
Total securing National Savings depositors .. ———————— 4,176,054 15 11

Total of current assets, investments, and securities .. 31,518,886 14 1

Fixed assets at cost, less depreciation :
Premises and property .. 139,000 0 0
Furniture and fittings, £52,942 10s. 6d.; less depreciation reserve, £7,942 10s. 6d. .. 45,000 0 0
Office calculating and bookkeeping machines, £37,679 15s. 10d.; less depreciation reserve, £3,679 15s. 10d. .. 34,000 0 0
Home safes, £1,543 14s. 1d.; less depreciation reserve, £678 14s. 1d. .. 865 0 0
Motor-cars, £1,421 19s. 1d.; less depreciation reserve, £71 19s. 1d. .. 1,350 0 0
Total fixed assets .. ———————— 220,215 0 0
———————— £31,739,101 14 1
==========

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 1954; (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.

D. C. O’HALLORAN, B.Com., F.P.A.N.Z. }
A. J. POSTLES, A.P.A.N.Z. } Auditors.

255

THE DUNEDIN SAVINGS BANK

STATEMENT of receipts and payments for the year ended 31 March 1954.

RECEIPTS

Balance, 1 April 1953 .. .. .. £155,723 13 2
Lodged by depositors .. .. .. 2,980,728 10 7
Lodged by National Savings Investment Accounts .. 182,241 6 11
Loan interest .. .. .. 89,797 11 1
Debenture interest .. .. .. 100,752 17 11
Bank interest .. .. .. 4,250 0 0
National Savings interest .. .. .. 57,733 16 6
Loans repaid .. .. .. 282,392 4 9
Debentures repaid .. .. .. 124,781 18 3
Refunds, commission, etc. .. .. .. 1,601 7 9
Rents .. .. .. 1,612 6 11
Fines .. .. .. 10 8 6
Staff Provident Fund .. .. .. 903 3 11
Sales of National Savings bonds .. .. 3,245 0 0
Received on behalf of other trustee banks .. 26,715 17 5
Received from investors in Government stock .. 28,851 2 0
——————————————— £4,041,341 5 8

PAYMENTS

Withdrawn by depositors .. .. .. £2,818,681 0 2
Withdrawn National Savings Investment Accounts .. .. .. 327,027 1 7
Charges .. .. .. 33,666 3 9
Income and social security taxes .. .. 17,300 0 0
Loans granted .. .. .. 254,425 2 9
Debentures purchased .. .. .. 192,316 0 0
Grants .. .. .. 5,000 0 0
Loan interest .. .. .. 122 3 5
Debenture interest .. .. .. 455 17 3
Office furniture, etc. .. .. .. 5,723 6 10
Land and buildings .. .. .. 1,443 0 1
Staff Provident Fund .. .. .. 302 16 9
Paid on behalf of other trustee banks .. 28,007 8 0
National Savings bonds on imprest .. .. 3,245 0 0
Proceeds of sales of Government stock .. 28,851 2 0
Balance, 31 March 1954 .. .. .. 324,775 3 1
——————————————— £4,041,341 5 8

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1954

Dr.
Interest credited to depositors’ open accounts .. .. £133,623 12 3
Interest credited to depositors’ closed accounts .. .. 6,014 12 9
——————————————— 139,638 5 0
Interest on staff provident funds .. .. 927 3 0
Charges and administration expenses .. .. .. 34,882 1 4
Depreciation :
Buildings .. .. .. 1,598 1 7
Office furniture, etc. .. .. 962 14 10
——————————————— 2,560 16 5
Provision for taxation .. .. 16,344 10 10
Less over-provided 1953 .. 384 0 5
——————————————— 15,960 10 5
Profit and Loss Appropriation Account : Net profit .. .. 16,212 4 11
——————————————— £210,181 1 1

Cr.
Investment interest .. .. .. £207,950 15 4
Fines .. .. .. 10 8 6
Rents .. .. .. 1,631 12 0
Commission, refunds, etc. .. .. .. 588 5 3
——————————————— £210,181 1 1

PROFIT AND LOSS APPROPRIATION ACCOUNT, 31 MARCH 1954

Dr.
Provision for grants .. .. .. £5,000 0 0
Reserve fund .. .. .. 11,212 4 11
——————————————— £16,212 4 11

Cr.
Profit and Loss Account .. .. .. £16,212 4 11
——————————————— £16,212 4 11