4 SEPTEMBER
THE NEW ZEALAND GAZETTE
1193

HOKITIKA SAVINGS BANK

STATEMENT of receipts and payments for year ended 31 March 1958.

RECEIPTS
£ s. d.
Cash in hand and at bankers, 1 April 1957 .. 37,123 15 0
Amount lodged by depositors .. 172,204 1 11
Repayments of mortgages (principal and interest) .. 51,636 2 10
Repayments of local body loans (principal only) .. 782 17 4
Realisation of national savings bonds .. 2,291 13 4
Transfers by other savings banks .. 3,685 7 5
New Zealand Government securities .. 185 0 3
Interest received from—
Government Securities .. .. 9,677 12 8
Local Body Loans .. .. 419 11 10
Fixed deposits .. .. 719 17 6
Rent of Premises .. .. 819 7 4
Post Office Savings .. .. 15 19 2
————————
£279,561 6 7
================

PAYMENTS
£ s. d.
Amount withdrawn by depositors .. 138,983 9 5
Invested on mortgage .. 38,535 18 7
Invested on Government securities .. 25,419 1 7
Charges paid .. 4,690 0 3
Donations made .. 301 0 0
Taxation .. 1,340 6 9
Property purchased .. 7,768 5 0
Transfer to other savings banks .. 3,685 7 5
Cash in hand and at bankers, 31 March 1958 .. 58,837 17 7
————————
£279,561 6 7
================

I, William John Gutberlet, of Hokitika, certify that to the best of my knowledge and belief the above is a true and correct statement of the Receipts and Payments of the Hokitika Savings Bank for the year ended 31 March 1958.

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

BALANCE SHEET AS AT 31 MARCH 1958

£ s. d.
Depositors’ balances .. .. 528,345 15 7
Current liabilities: Provision for taxation .. .. 1,079 16 1

£ s. d.
Reserve Fund .. 64,709 18 3
Add balance of Appropriation Account .. 1,870 18 5
————————
66,580 16 8
————————
£596,006 8 4
================

Current assets—
£ s. d. £ s. d.
Cash in hand and at bankers 58,837 17 7
Interest due and accrued on investments and deposits 2,953 19 3
————————
61,791 16 10

Investments—
N.Z. Government inscribed stock 282,691 14 11
Local body debentures 11,399 7 11
First mortgages on property 229,938 5 3
————————
524,029 8 1
————————
Total of current assets and investments .. .. 585,821 4 11

Fixed Asset at cost, less depreciation—
£ s. d.
Properties and premises 9,258 14 6
Less depreciation 90 11 1
————————
9,168 3 5
Furniture and equipment 1,271 16 9
Less depreciation 254 16 9
————————
1,017 0 0
————————
10,185 3 5
————————
£596,006 8 4
================

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1958

Interest on depositors’ accounts—
£ s. d. £ s. d.
Closed accounts .. 226 9 7
Open accounts .. 14,358 12 0
————————
14,585 1 7
Expenses and charges .. .. 5,090 0 3
Depreciation—
Premises .. 90 11 1
Furniture and equipment .. 254 16 9
————————
345 7 10
Provision for taxation .. .. 1,079 16 1
Net profit to Appropriation Account .. .. 2,148 14 7
————————
£23,249 .0 4
================

Interest on fixed deposits .. .. 737 9 0
Interest on N.Z. Government stock .. .. 9,862 16 11
Interest on local body loans .. .. 411 10 0
Interest on Post Office Savings Account .. .. 15 19 2
Interest on mortgages .. .. 11,269 9 2
Rents .. .. 951 16 1
————————
£23,249 0 4
================

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1958

£ s. d.
Donations .. .. 301 0 0
Balance transferred to Reserve Fund .. .. 1,870 18 5
————————
£2,171 18 5
================

£ s. d.
Net profit from Profit and Loss Account .. 2,148 14 7
Realisation of discounts on Government stock .. 23 3 10
————————
£2,171 18 5
================

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 Trustee Savings Bank Act 1948, report: (1) I have examined the books, accounts, and vouchers of the bank, and have received all the explanations and information I have required; (2) I have verified the cash, investments, securities, and assets of the bank as at 31 March 1958; (3) The manager has certified that, to the best of his knowledge and belief, all the requirements of the Trustee Savings Bank 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.
13 May, 1958.
865

NEW PLYMOUTH SAVINGS BANK

STATEMENT of receipts and payments for the year ended 31 March 1958

RECEIPTS
£ s. d.
Cash and bank balances .. .. 405,251 13 1
Deposits received. .. .. 3,102,220 12 1
Deposits received for national savings .. .. 92,706 5 11
Loans and advances repaid .. .. 239,515 18 4
Interest on mortgages and investments .. .. 184,176 4 11
Valuation fees received .. .. 799 18 0
Refund on account of rates and insurance premiums .. .. 26 9 10
Repayment of debentures .. .. 7,319 9 11
Interest received from national savings investments .. .. 34,542 1 11
Commission on Government stock and sundries .. .. 1,924 12 7
Trustee savings bank transfers .. .. 21,163 7 5
Home safes sold .. .. 44 12 0
Transfers from treasury re national savings .. .. 94,000 0 0
Rent received .. .. 583 6 8
Refund of storm damage .. .. ..
————————
£4,184,274 12 8
================

PAYMENTS
£ s. d.
Withdrawals .. .. 2,608,835 19 8
Advances made .. .. 511,815 0 0
New Zealand Government inscribed stock and local body debentures purchased .. .. 290,000 0 0
Management, administration charges including salaries, audit fee, and trustees fees .. .. 23,269 11 5
Bank rates and insurance premiums .. .. 776 5 7
Advertising, printing, and stationery .. .. 2,171 13 8
Income taxation and social security charge .. .. 10,201 1 10
Donations .. .. 990 0 0
Insurance premiums and rates advanced to borrowers .. .. 83 11 3
Expenses inspecting and maintaining securities .. .. 195 11 0
Share earthquake insurance premiums paid to mortgagors .. .. 7 15 9
Withdrawals and transfers of national savings deposits and interest paid to depositors .. .. 218,272 17 7
Furniture and office plant purchased .. .. 4,607 10 6
Bank property purchased .. .. 19,840 11 9
Trustee savings bank transfers .. .. 22,015 1 3
Home safes purchased .. .. 427 16 7
Storm damage .. .. 48 10 0
Advanced on fixed deposit .. .. 20,000 0 0
Payments to sundry creditors .. .. 825 16 0
Branch transfer .. .. 62 1 5
Cash and bank balances .. .. 449,827 17 5
————————
£4,184,274 12 8
================