Reserve Fund—
Balance, 1 April 1956
Less balance, Reserve Suspense Account
Add balance, provision for donations
(1956 account)
Add balance, Appropriation Account

1,819,062 5 7
870 15 8
1,818,191 9 11
2,400 0 0
1,820,591 9 11
64,408 10 1

Current assets—
Cash in hand and at bankers
Interest due and accrued on investments, etc.
Total current assets
Investments (cost or F.V., whichever lower)—
New Zealand Government inscribed stock
Local-body debentures
Mortgages
Total investments

1,977,175 18 11
231,425 16 7
2,208,601 15 6
15,392,805 0 0
4,424,149 1 2
10,224,245 17 7
30,041,199 18 9

Total of current assets and investments
National savings securities—
New Zealand Government inscribed stock
Cash in hand
Total securing national savings depositors

32,249,801 14 3
4,080,829 2 0
4,080,829 2 0

Total of current assets, investments, and securities
Fixed assets at cost, less depreciation—
Premises and property
Furniture and fittings, £60,930 16s. 7d.; less depreciation reserve, £8,503 19s. 7d.
Office calculating and book-keeping machines, £27,247 11s. 10d.; less depreciation reserve, £3,841 19s. 9d.
Home safes, £1,344 1s. 5d.; less depreciation reserve, £647 13s. 4d.
Motor cars, £5,486 19s. 11d.; less depreciation reserve, £92 9s. 6d.
Total, fixed assets

256,964 12 4
52,426 17 0
23,405 12 1
696 8 1
5,394 10 5
338,887 19 11
£36,669,518 16 2

S. C. JOHNSTON, President.
H. J. BARRETT, Acting General Manager.

We, the undersigned, being the auditors of the Auckland 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 1957;
(3) The Acting General 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 and profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Auckland Savings Bank's affairs as at 31 March 1957, and of the results of its business for the year ended on that date.

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

HOKITIKA SAVINGS BANK

STATEMENT of receipts and payments for the year ended 31 March 1957.

RECEIPTS

Cash in hand and at bankers, 1 April 1956
Amount lodged by depositors
Repayments of mortgages (principal and interest)
Repayments of local-body loans (principal only)
Realisation of national savings bonds
Transfers by other savings banks
Interest received from—
Government securities
Local-body loans
Fixed deposits
Rent of premises

£ s. d.
31,880 8 3
158,654 3 6
48,050 9 9
756 3 5
937 12 0
5,729 3 4
8,585 17 11
446 5 9
579 12 6
78 0 0

£255,697 16 5

PAYMENTS

Amount withdrawn by depositors
Invested on mortgage
Invested on Government securities
Charges paid
Donations made
Taxation
Transfers to other savings banks
Cash in hand and at bankers, 31 March 1957

£ s. d.
159,854 16 10
32,254 1 1
19,216 5 6
3,812 19 11
316 15 0
2,196 16 10
937 12 0
37,108 9 3

£255,697 16 5

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1957

Dr.

£ s. d. £ s. d.

Interest on depositors' Accounts—
Closed accounts
Open accounts
Expenses and charges
Depreciation—
Furniture and equipment
Premises
Provision for taxation
Net profit to Appropriation Account

Cr.

£ s. d.

21,375 3 6

Interest on fixed deposits
Interest on New Zealand Government stock
Interest on national savings bonds
Interest on local-body debentures
Interest on Post Office Savings Account
Interest on mortgages
Rents

£ s. d.
622 5 2
8,962 13 1
58 6 8
438 9 1
15 5 9
11,200 3 9
78 0 0

£21,375 3 6

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1957

Dr.

Donations
Balance transferred to Reserve Account

£ s. d.
316 15 0
2,285 7 6

2,602 2 6

Cr.

Net profit from Profit and Loss Account
Realisation of discounts on Government stock

£ s. d.
2,427 9 10
174 12 8

£2,602 2 6

BALANCE SHEET AS AT 31 MARCH 1957

Depositors' balances
Current liabilities: Provision for taxation
Reserve Fund
Add balance of Appropriation Account

£ s. d.
480,540 1 6
1,340 6 9
62,424 10 9
2,285 7 6

£546,590 6 6