1058
THE NEW ZEALAND GAZETTE
[No. 40

Other liabilities:
Staff provident fund .. £ s. d. £ s. d.
9,703 10 10
Provision for taxation .. 13,567 13 9
Total other liabilities .. 23,271 4 7

Total of liabilities and
provisions .. 4,519,011 12 6
Reserve Fund:
Balance 1 April, 1953 .. 149,755 13 2
Add Balance, Appropriation Account .. 14,000 5 7
163,755 18 9
£4,682,767 11 3

Current assets:
Cash in hand and at bankers
on current account .. £ s. d. £ s. d.
143,992 18 11
Fixed deposit accounts at
bankers .. 150,000 0 0
Amounts owing by other
Trustee Savings Banks 1,131 5 3
Interest due and accrued
on investments .. 20,828 9 10
Total current assets .. 315,952 14 0

Investments:
N.Z. Government inscribed
stock and war loans at
par value .. 1,472,555 0 0
National Savings bonds .. 28,335 16 10
National Savings accounts 34,044 3 8
Local-body debentures .. 157,492 13 9
First mortgage on freehold
property .. 1,361,474 2 5
Total investments .. 3,053,901 16 8

Total current assets and
investments .. 3,369,854 10 8

National Savings securities:
N.Z. Government inscribed
stock .. 1,279,950 0 0
Cash in hand and at bank 17,008 0 11
Total securing National
Savings depositors .. 1,296,958 0 11

Total current assets, investments, and securities .. 4,666,812 11 7
Fixed assets at cost less depreciation:
Premises and property .. 10,624 14 0
Office plant, fittings, furniture and home safes .. 5,330 5 8
Total fixed assets .. 15,954 19 8
£4,682,767 11 3

T. H. B. EWENS, President.
E. A. EVANS, Manager.

I, the undersigned, being the auditor of the New Plymouth Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report: (1) I have examined the books, accounts, and vouchers of the Bank, and have received all the information and explanations I have required; (2) I 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 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 New Plymouth Savings Bank according to the best of my information and the explanations given to me, and as shown by the books of the Bank.

New Plymouth, 3 May 1954.

C. H. WYNYARD, Public Accountant, Auditor.

253

HOKITIKA SAVINGS BANK

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

RECEIPTS

Cash in hand and at bankers at 1 April 1953 .. £ s. d.
41,759 4 11
Amount lodged by depositors .. 129,591 16 0
Repayment of mortgages (principal and interest) 47,945 14 9
Repayment of local-body loans (principal only) .. 2,481 8 4
Interest received:
On Government securities .. 5,571 13 11
On local-body securities .. 549 19 7
On fixed deposits .. 532 18 6
Rent of premises .. 78 0 0
£228,510 16 0

PAYMENTS

Deposits withdrawn .. £ s. d.
130,089 5 8
Invested on mortgage (principal and interest) .. 14,920 13 10
Invested in Government securities .. 27,031 18 4
Invested in local-body loans .. 1,800 0 0
Charges paid .. 3,097 11 7
Donations paid .. 305 10 0
Taxation paid .. 2,707 9 8
Purchase of office furniture and equipment .. 9 0 0
Cash in hand or at bankers 31 March 1954 .. 48,549 6 11
£228,510 16 0

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1954

Dr.
Interest on depositors’ accounts: £ s. d. £ s. d.
Closed accounts .. 224 9 5
Open accounts .. 10,135 7 10
10,359 17 3
Expenses and charges .. 3,097 11 7
Depreciation:
Premises .. 33 0 0
Furniture and equipment .. 125 13 0
158 13 0
Provision for taxation .. 2,107 5 3
Net profit to Appropriation Account .. 2,954 16 8
£18,678 3 9

Cr.
Interest on fixed deposits .. £ s. d.
530 4 5
Interest on New Zealand Government inscribed stock .. 5,784 2 0
Interest on National Savings bonds .. 204 3 4
Interest on local-body debentures .. 542 18 5
Interest on Post Office Savings Bank Account .. 2 13 6
Interest on mortgages .. 11,516 2 9
Interest on income tax prepaid .. 19 19 4
Rent .. 78 0 0
£18,678 3 9

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1954

Dr.
Donations .. £ s. d.
305 10 0
Balance to Reserve Account .. 3,010 12 3
£3,316 2 3

Cr.
Net profit from Profit and Loss Account .. 2,954 16 8
Realization of discounts on Government stock .. 316 18 8
Over-estimation of income tax previous year .. 44 6 11
£3,316 2 3

BALANCE SHEET AS AT 31 MARCH 1954

Depositors’ balances .. £ s. d.
452,649 6 10
Current liabilities: Provision for taxation .. 2,107 5 3

Reserve Fund .. £ s. d.
53,115 8 3
Appropriation for year .. 3,010 12 3
56,126 0 6
£510,882 12 7

Current assets:
Cash in hand and at bankers £ s. d. £ s. d.
48,549 6 11
Income tax prepaid .. 63 17 5
Interest due and accrued on
investments and deposits .. 2,003 8 9
Total current assets .. 50,616 13 1

Investments:
New Zealand Government
inscribed stock .. 201,769 19 1
National Savings bonds .. 7,554 3 4
Local-body debentures .. 14,374 5 10
First mortgages on freehold
property .. 233,448 7 1
457,146 15 4
Total of current assets and
investments .. 507,763 8 5