Office machines £ s. d.
557 14 6
Less depreciation
41 16 7
Property
5,904 19 9
Additions—Riverton £24 16s.; North Invercargill £494 17s...
519 13 0
Home safes on hand
£7,120,034 13 7
J. M. McCROSTIE, President.
J. T. SHAW, General Manager.
We, the undersigned, being the auditors of the Invercargill Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report: (1) that we have examined the books, accounts, and vouchers of the Bank and have received all the information and explanations we have required; (2) that we have verified the cash, investments, securities, and assets of the Bank as at 31 March 1956; (3) the General Manager has certified that, to the best of his knowledge and belief, all the 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 the affairs of the Invercargill Savings Bank according to the best of our information and the explanations given to us, and as shown by the books of the Bank.
HENDERSON, ADAM, AND CO., Auditors.
Invercargill, 23 April 1956.

1020
THE NEW ZEALAND GAZETTE
No. 41
PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1956
Dr.
Donations
256 5 0
Balance transferred to Reserve Account
3,181 18 9
£3,438 3 9
Cr.
Net profit from Profit and Loss Account
3,403 4 9
Realisation of discounts on Government stock
34 19 0
£3,438 3 9
BALANCE SHEET AS AT 31 MARCH 1956
£ s. d.
Depositors' balances
468,083 1 5
Current liabilities: Provision for taxation
2,196 16 10
£
s. d.
Reserve Fund
59,145 11 6
Add excess provision for taxation
97 0 6
Add balance of Appropriation Account
3,181 18 9
62,424 10 9
£532,704 9 0
Current assets—
£ s. d.
£ s. d.
Cash in hand and at bankers
31,880 8 3
Interest due and accrued on investments and deposits
2,117 9 11
Total current assets
33,997 18 2
Investments—
N.Z. Government inscribed stock
238,134 19 10
National Savings bonds
7,962 10 0
Local body debentures
12,938 8 8
First mortgages on freehold property
236,765 5 3
495,801 3 9
Total of current assets and investments
529,799 1 11
Fixed assets at cost, less depreciation—
Property and premises,
£1,563 18s. 11d.; less depreciation, £33 11s. 1d.
1,530 7 10
Furniture and equipment,
£1,521 5s.; less sales, £34 16s. —£1,486 9s.; less depreciation, £111 9s. 9d.
1,374 19 3
2,905 7 1
£532,704 9 0
MARK WALLACE, President.
G. ANDERSON, Manager.
I, the undersigned, being the auditor of Hokitika Savings Bank, appointed in terms of section 29 (3) of the Trustees 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 1956; (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 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.
W. J. GUTBERLET, F.P.A.N.Z., F.I.A.N.Z., Auditor.
18 May 1956.

HOKITIKA SAVINGS BANK

STATEMENT of receipts and payments for the year ended 31 March 1956.
RECEIPTS
£ s. d.
Cash in hand and at bankers, 1 April 1955
34,093 11 11
Amount lodged by depositors
162,196 10 10
Repayments of mortgages (principal and interest)
44,312 15 6
Repayments of local body loans (principal only)
730 7 8
Adjustment New Zealand Government stock
5 0 0
Sale of equipment
34 16 0
Interest received—
Government securities
7,578 14 6
Local body debentures
472 1 6
Fixed deposits
508 10 4
Rent of premises
78 0 0
£250,010 8 3
PAYMENTS
£ s. d.
Deposits withdrawn
164,716 14 7
Invested on mortgage (principal and interest)
34,839 9 1
Invested in Government securities
12,791 15 0
Charges paid
3,389 14 3
Donations made
256 5 0
Taxation
2,136 2 1
Cash in hand and at bankers, 31 March 1956
31,880 8 3
£250,010 8 3
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1956
Dr.
£ s. d.
£ s. d.
Interest on depositors' accounts—
Closed accounts
414 5 2
Open accounts
10,747 4 10
11,161 10 0
Expenses and charges
3,389 14 3
Depreciation—
Premises
33 11 1
Furniture and equipment
111 9 9
145 0 10
Provision for taxation
2,196 16 10
Net profit to Appropriation Account
3,403 4 9
£20,296 6 8
Cr.
£ s. d.
Interest on—
Fixed deposits
507 17 9
N.Z. Government inscribed stock
7,610 8 4
National Savings bonds
204 3 4
Local body debentures
464 10 5
Post Office Savings Account
10 15 4
Mortgages
11,420 11 6
Rents
78 0 0
£20,296 6 8

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