24 JUNE] THE NEW ZEALAND GAZETTE 1057

RESERVE FUND AS AT 31 MARCH 1954

Dr.
Balance 31 March 1954 .. .. .. £375,933 2 7
£375,933 2 7

Cr.
Balance 1 April 1953 .. .. .. £357,878 15 5
Profit on purchase and realization of securities .. 6,842 2 3
Profit and Loss Appropriation Account .. 11,212 4 11
£375,933 2 7

BALANCE SHEET AS AT 31 MARCH 1954

Depositors’ balances : £ s. d. £ s. d.
Savings Bank department 5,879,002 8 2
Thrift Club accounts 94,408 2 1
Special purpose accounts 46,648 13 6
Ordinary depositors’ total ———— 6,020,059 3 9

National Savings :
Depositors’ balances .. 1,687,833 14 8
Add National Savings
Interest Suspense
Account .. 32,202 3 3 1,720,035 17 11

Other credit balances :
Staff Provident Fund .. 28,071 5 1
Provision for taxation
£16,344 10s. 10d.; less
paid in advance,
£174 6s. 2d. .. 16,170 4 8
Provision for grants .. 5,000 0 0 49,241 9 9
Reserve Fund .. .. .. .. .. .. .. 375,933 2 7
£8,165,269 14 0

Current assets : £ s. d. £ s. d.
Cash in hand and at bankers 292,572 19 10
Fixed deposits .. 200,000 0 0
———— 492,572 19 10

Interest due and accrued on
investments, etc. .. 46,277 16 3
Rents accrued .. 226 13 7
Owing by other trustee banks 16 10 7

Total current assets .. .. .. .. .. 539,094 0 3

Investments :
New Zealand Government
inscribed stock .. 3,087,115 13 11
National Savings bonds .. 5,000 0 0
Local-body debentures .. 558,598 10 9
First mortgages on freehold
property .. 2,202,022 19 2
Total of investments ———— 5,852,737 3 10
Total of current assets and
investments .. .. .. .. .. .. .. 6,391,831 4 1
National Savings securities 1,687,833 14 8
Cash in hand and at bankers 32,202 3 3
Total securing National
Savings depositors ———— 1,720,035 17 11
Total of current assets,
investments, and
securities .. .. .. .. .. .. .. 8,111,867 2 0

Fixed assets, at cost less de-
preciation :
Land and buildings .. 43,200 0 0
Office furniture, etc. .. 10,202 12 0
———— 53,402 12 0
£8,165,269 14 0

M. CONNELLY, 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 1954; (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, 13 April 1954.

D

NEW PLYMOUTH SAVINGS BANK

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

RECEIPTS

Cash and bank balances 1 April 1953 .. .. £179,897 10 6
Deposits received .. .. .. .. .. .. 1,579,453 10 2
Deposits received for National Savings .. 179,548 8 1
Loans and advances repaid .. .. .. .. 169,214 13 1
Interest on mortgages and investments .. 109,683 8 6
Valuation fees received .. .. .. .. .. 520 15 6
Refund on account of rates and insurance
premiums .. .. .. .. .. .. .. .. 74 8 9
Repayment of debentures .. .. .. .. .. 5,515 2 2
Interest received from National Savings invest-
ments .. .. .. .. .. .. .. .. 39,851 13 0
Commissions on Government stock and sundries 870 8 1
Trustee Savings Bank transfers .. .. .. 16,451 6 9
Home safes sold .. .. .. .. .. .. .. 82 0 0
Repayment Bank National Savings deposits .. 15,000 0 0
Transfers from Treasury re National Savings .. 70,000 0 0
£2,366,163 4 7

PAYMENTS

Withdrawals .. .. .. .. .. .. .. £1,494,530 13 9
Transfers to Treasury re National Savings .. .. ..
Advances made .. .. .. .. .. .. .. 275,860 0 0
New Zealand Government inscribed stock and
local body debentures purchased .. .. .. 93,760 0 0
Management, administration charges, including
salaries, audit fee and trustees fees .. .. 12,924 8 0
Bank rates and insurance premiums .. .. .. 376 14 10
Advertising, printing, and stationery .. .. 1,222 7 1
Income taxation and social security charge .. 12,667 11 2
Donations .. .. .. .. .. .. .. .. 480 0 0
Insurance and rates advanced to borrowers .. 74 6 1
Expenses inspecting and maintaining securities 763 18 6
Share earthquake insurance premiums paid to
mortgagors .. .. .. .. .. .. .. .. 7 5 9
Withdrawals and transfers of National Savings
deposits and interest paid to depositors .. 294,512 1 10
Furniture and office plant purchased .. .. 175 16 6
Waitara property purchased .. .. .. .. 31 0 0
Trustee Savings Bank transfers .. .. .. 17,582 12 0
Home safes purchased .. .. .. .. .. .. 193 9 3
Cash and bank balances 31 March 1954 .. .. 161,000 19 10
£2,366,163 4 7

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1954

Dr.
Interest credited to depositors’ accounts .. .. £73,777 14 10
Interest credited to staff provident fund .. 440 4 9
Charges and administration expenses, including
expenses inspecting securities, less valuation
fees received .. .. .. .. .. .. .. 14,831 9 5
Depreciation .. .. .. .. .. .. .. .. 638 8 9
Provision for taxation .. .. .. .. .. 13,000 0 0
Net profit transferred to Profit and Loss Appro-
priation Account .. .. .. .. .. .. 12,300 5 7
£114,988 3 4

Cr.
Interest accrued and received from investments .. 113,615 18 9
Commission, sundry receipts, and refunds .. 1,372 4 7
£114,988 3 4

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1954

Dr.
Donations .. .. .. .. .. .. .. .. £480 0 0
Balance transferred to reserve fund .. .. 14,000 5 7
£14,480 5 7

Cr.
Principal recovered .. .. .. .. .. .. £230 0 0
Government stock discount .. .. .. .. 1,950 0 0
Net profit .. .. .. .. .. .. .. .. 12,300 5 7
£14,480 5 7

BALANCE SHEET AS AT 31 MARCH 1954

Depositors’ balances : £ s. d. £ s. d.
Savings Bank department 3,198,782 7 0
Ordinary depositors’ total ———— 3,198,782 7 0
National Savings depositors’
total .. .. .. .. .. .. .. .. 1,270,945 11 8
Add National Savings
Interest Suspense
Account .. .. .. .. .. .. .. .. 26,012 9 3 1,296,958 0 11