22 Sept.

THE NEW ZEALAND GAZETTE

1549

HOKITIKA SAVINGS BANK

STATEMENT of receipts and payments for the year ending 31 March 1955.

RECEIPTS

Cash in hand and at bankers, 1 April 1954 .. £ s. d.
48,549 6 11
Amount lodged by depositors .. 139,932 1 7
Repayments of mortgages (principal and interest) .. 51,929 6 11
Repayments of local-body loans (principal only) .. 705 9 6
Interest received:
On Government securities .. 7,010 14 2
On local-body securities .. 496 19 8
On fixed deposits .. 510 16 3
Rent of premises .. 78 0 0
£249,212 15 0

PAYMENTS

Amount withdrawn by depositors .. £ s. d.
144,067 16 0
Invested on mortgage .. 41,986 13 1
Invested in Government securities .. 23,495 5 0
Charges paid .. 3,251 3 10
Donations made .. 201 10 0
Taxation .. 2,000 0 2
Office furniture .. 79 15 0
Bank premises .. 87 0 0
Cash in hand and at bankers, 31 March 1955 .. 34,093 11 11
£249,212 15 0

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1955

Dr.
Interest on depositors’ accounts: £ s. d. £ s. d.
Closed accounts .. 300 17 2
Open accounts .. 10,627 5 6 10,928 2 9
Expenses and charges .. 3,251 3 10
Bad debts written off .. 37 14 4
Depreciation:
Premises .. 33 11 1
Furniture and equipment .. 117 4 2 150 15 3
Provision for taxation .. 2,233 2 7
Net profit to Appropriation Account .. 3,095 4 1
£19,696 2 10

Cr.
Interest on fixed deposits .. £ s. d.
504 9 6
Interest on New Zealand Government inscribed stock .. 7,062 10 5
Interest on National Savings bonds .. 204 3 4
Interest on local-body debentures .. 489 13 4
Interest on Post Office Savings Account .. 6 7 6
Interest on mortgages .. 11,350 1 3
Interest on income tax prepaid .. 0 17 6
Rent .. 78 0 0
£19,696 2 10

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1955

Dr.
Donations .. £ s. d.
201 10 0
Balance to Reserve Account .. 2,977 0 10
£3,178 10 10

Cr.
Net profit from Profit and Loss Account .. 3,095 4 1
Realization of discounts on Government stock .. 83 6 9
£3,178 10 10

BALANCE SHEET AS AT 31 MARCH 1955

Depositor’s balances .. £ s. d.
439,441 15 2
Current liabilities: Provision for taxation .. 2,233 2 7
Reserve Fund .. 56,126 0 6
Add excess provision for taxation .. 42 10 2
Add balance Appropriation Account .. 2,977 0 10
59,145 11 6
£520,820 9 3

Current assets:
Cash in hand and at bankers .. 34,093 11 11
Interest due and accrued on investments and deposits .. 2,047 19 5
Total current assets .. 36,141 11 4
Investments:
New Zealand Government inscribed stock .. 225,348 10 10
National Savings bonds .. 7,758 6 8
Local-body debentures .. 13,668 16 4
First mortgages on freehold property .. 234,818 0 2
481,593 14 0
Total of current assets and investments .. 517,735 5 4
Fixed assets at cost, less depreciation:
Property and premises, £1,560 10s., add additions, £37—£1,597 10s.; less depreciation, £33 11s. 1d. .. 1,563 18 11
Furniture and equipment, £1,538 14s. 2d., add additions, £79 15s.—£1,638 9s. 2d.; less depreciation, £117 4s. 2d. .. 1,521 5 0
3,085 3 11
£520,820 9 3

G. ANDERSON, Manager.
MARK WALLACE, President.

I, the undersigned, being the auditor of Hokitika 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 1955; (3) The Manager has certified that to the best of my 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 Hokitika Savings Bank according to the best of my information and the explanations given to me, and as shown by the books of the Bank.

Hokitika, 4 May 1955.

W. J. GUTBERLET, F.P.A.N.Z., F.I.A.N.Z., Auditor.

1036

INVERCARGILL SAVINGS BANK

STATEMENT of receipts and payments for the year ended 31 March 1955:

RECEIPTS

Cash in hand and at banks 1 April 1954 .. £ s. d.
189,755 9 4
Deposits:
Savings Bank accounts .. 6,586,851 2 0
National Savings accounts .. 42,094 0 9
Interest:
New Zealand Government stock .. 95,165 17 3
Local-body debentures .. 38,858 7 4
Mortgages .. 67,395 5 11
National Savings securities .. 13,649 0 7
Other investments .. 7,438 10 10
Local-body debenture repayments .. 81,982 16 1
New Zealand Government stock .. 97,347 10 0
Mortgage principal repayments .. 117,146 5 0
Other investments principal repayments .. 225,000 0 0
Exchange, commission, etc. .. 1,305 1 9
Rents .. 409 2 2
Valuation and inspection fees .. 332 9 0
Sundry receipts .. 541 15 9
Other Trustee Savings Banks remittances .. 13,060 4 8
Branch remittances .. 486,306 18 7
£8,064,639 17 0

PAYMENTS

Withdrawals:
Savings Bank accounts .. £ s. d.
6,342,766 8 0
National Savings accounts .. 68,150 8 6
New Zealand Government stock .. 225,770 0 0
Local-body debentures .. 172,600 0 0
Mortgage advances .. 241,614 5 6
Other investments .. 252,800 0 0
Charges .. 32,051 14 3
Furniture, fittings, and machines .. 4,145 3 11
Building additions .. 28,804 14 0
Donations .. 4,000 0 0
Income and social security tax .. 17,727 11 11
Mortgage inspection fees .. 451 4 6
Other Trustee Savings Banks remittances .. 14,581 11 9
Branch remittances .. 518,486 10 7
Cash in hand and at banks 31 March 1955 .. 120,730 4 1
£8,064,639 17 0