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 1957; (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, 18 April 1957.

AUCKLAND SAVINGS BANK

STATEMENT of the cash receipts and payments of the Auckland
Savings Bank for twelve months ended 31 March 1957.

RECEIPTS

Balance as at 1 April 1956 (cash in hand and
Bank of New Zealand)
Savings bank deposits
National savings deposits
Interest on Bank of New Zealand Current Ac-
count
Interest on New Zealand Government Inscribed-
ed stock
Interest on local-body debentures
Interest on mortgages
Interest on national savings bonds investments
Interest on national savings securities
New Zealand Government inscribed stock
principal
Local-body debenture repayments
Mortgage principal repayments
National savings bonds principal repaid
National savings securities
Charges (refunds)
Rent
Mortgage securities inspection fees
Mortgagors' Suspense Account
Mortgage sundries
Safe custody fees
Exchange and commissions
Bad debts recovered
Land and buildings
Buildings, alterations
Furniture and fittings (sales)
Home safes
Provident Fund
Motor cars (refund)
Motor cars (sales)

£
s. d.
1,597,286 16 3
18,694,785 13 2
460,722 2 2
37,747 11 10
480,427 10 8
152,458 18 4
472,395 17 9
1,567 1.8
116,595 15 11
675,630 17 4
203,868 0 5
869,551 9 3
9,891 5 0
250,000 0 0
501 2 2
7,167 4 0
3,488 16 6
7,741 6 7
1,286 17 4
74 8 0
13,321 14 5
1,950 0 0
331 9 0
219 6 1
4 9 10
397 7 0
19 10 4
9 13 0
1,100 0 0

£24,060,542 4 0

PAYMENTS

Savings bank withdrawals
National savings repayments
Provident Fund
Local-body interest refund
Local-body investments
New Zealand Government inscribed stock
advances
Mortgage advances
Charges
Exchange and commissions
Furniture and fittings
Land and buildings
Buildings-alterations
Rent
Donations
Mortgage sundries
Mortgagors' Suspense Account
Earthquake and war damage insurance
Mortgage securities inspections
Income and Social Security taxes
Home safes
Motor cars (expenses)
Motor cars (capital)
Balance, Current Account,
Bank of New Zealand
Balance, cash in hand

£
s. d.
16,784,127 3 3
782,631 13 11
16,775 18 5
160 1 4
807,356 5 0
1,700,191 0 0
1,652,055 10 0
186,940 5 2
1,949 0 6
7,569 15 0
40,784 7 8
13,296 15 4
1,504 6 8
27,600 0 0
1,314 5 10
8,681 3 0
339 14 4
1,166 3 10
89,200 19 0
4 9 7
1,529 4 3
3,359 1 0
1,758,619 0 1
513,386 0 10

1,932,005 0 11

£24,060,542 4 0

*N.B.-Cash in hand and at bankers
Add: Over-invested in New Zealand
Government securities

£
s. d.
1,932,005 0 11
45,240 18 0

1,977,245 18 11

Less: Adjustment, re schools 1 April
1957

£1,977,175 18 11

I hereby certify that, to the best of my belief, the above statement
of cash receipts and payments is correct.

S. C. JOHNSTON, President.

We hereby certify that, in accordance with the requirements of
auditors, we have examined the books and vouchers relating to the
above record of receipts and payments and that such is drawn up
so as to exhibit a true and correct statement.

D. C. O'HALLORAN, B.COM., F.P.A.N.Z.
A. J. POSTLES, A.P.A.N.Z.
Auditors.

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1957

Dr.

Interest on—
Depositors’ closed accounts
Depositors’ open accounts ..

£
s. d.
16,204 17 4
795,585 9 4

811,790 6 8
11,481 11 3

Provident Fund
Charges, ordinary
Charges, Provident Fund

187,688 8 6
12,109 13 10

199,798 2 4
634 16 5

Loss on home safes
Depreciation on—
Buildings
Furniture and fittings
Office calculating and book-
keeping machines
Home safes
Motor cars

6,434 13 1
4,425 6 6
6,811 16 0
58 16 8
817 12 5

18,548 4 8
78,540 9 8
84,408 10 1

Provision for taxation
Net profit

£1,205,202 1 1

Cr.

Interest on—

£
s. d.

Bank of New Zealand Cur-
rent Account

New Zealand Government
inscribed stock
Local-body debentures
Mortgages

37,747 11 10
505,154 8 11
156,882 9 2
485,042 12 11

Interest on investments

1,184,827 2 10

Interest on advance payment of
income tax
Rent
Safe custody fees
Exchange and commissions
Bad debts recovered
Profit on sales of motor cars

1,125 0 0
5,662 17 4
74 8 0
11,372 13 11
1,950 0 0
189 19 0

£1,205,202 1 1

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 March 1957

Dr.

Provision for donations
Balance to Reserve Fund

£
s. d.
20,000 0 0
64,408 10 1

£84,408 10 1

Cr.

Net Profit

84,408 10 1

£84,408 10 1

BALANCE SHEET OF AUCKLAND SAVINGS BANK AS AT 31 MARCH 1957

Depositors’ balances—
£
s. d.
Savings bank depart-
ment ... 29,427,719 15 5
Thrift clubs depart-
ment ... 808,271 0 5
Schools banks depart-
ment ... 128,321 17 8

Ordinary depositors'
total

30,364,312 13 6

National savings deposi-
tors’ total

4,014,734 13 0

Add National Savings
Interest Suspense Ac-
count

66,094 9 0

4,080,829 2 0

Other liabilities—
Staff Provident Fund
Provision for taxation
Provision for donations
Total of other liabi-
lities

240,836 11 0
78,540 9 8
20,000 0 0

339,377 0 8

Total of liabilities
and provisions

34,784,518 16 2