1194
THE NEW ZEALAND GAZETTE
No. 54

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1958

£ s. d.
Interest credited to depositors’ accounts .. 133,287 5 6
Interest credited to Staff Provident Fund .. 688 5 1
Charges and administration expenses including
expenses inspecting securities, less inspection
fees received .. .. .. .. .. .. .. .. 25,319 19 7
Depreciation .. .. .. .. .. .. .. .. .. 4,944 14 4
Provision for taxation .. .. .. .. .. .. 14,700 0 0
Net profit transferred to Profit and Loss Appropriation Account .. .. .. .. .. .. .. .. .. 14,523 9 0
£193,463 13 6

£ s. d.
Interest accrued and received from investments 188,469 9 6
Commissions, rents, sundry receipts, and refunds 4,994 4 0
£193,463 13 6

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1958

£ s. d.
Donations .. .. .. .. .. .. .. .. .. 990 0 0
Balance transferred to Reserve Fund .. .. .. 14,225 18 9
£15,215 18 9

£ s. d.
Taxation reserve balance .. .. .. .. .. .. 192 9 9
Principal recovered .. .. .. .. .. .. .. 500 0 0
Net profit .. .. .. .. .. .. .. .. .. .. 14,523 9 0
£15,215 18 9

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

£ s. d. £ s. d.
Interest credited to depositors’ accounts .. .. 133,287 5 6
Interest credited to Staff Provident Fund .. .. 688 5 1
133,975 10 7
Salaries and audit fee .. .. .. .. .. .. .. 16,782 18 10
Trustee fees .. .. .. .. .. .. .. .. .. .. 781 1 0
Printing, advertising, and stationery .. .. .. .. 2,171 13 8
Trustees, travelling and inspection fees, less inspection fees received .. .. .. .. .. .. .. .. .. .. 153 9 0
Rates and fire insurance premiums on bank premises .. .. .. .. .. .. .. .. .. .. 857 5 1
Share of earthquake premiums of properties mortgaged to the bank .. .. .. .. .. .. .. .. .. .. 7 15 9

Charges—
Staff Provident Fund contributions .. .. .. .. 678 17 3
Rent branch premises .. .. .. .. .. .. .. 488 11 3
Cleaning .. .. .. .. .. .. .. .. .. .. 562 7 1
Lighting and heating .. .. .. .. .. .. .. 221 4 10
General office expenses .. .. .. .. .. .. 1,966 8 7
Expenses maintaining and repairing bank premises .. .. .. .. .. .. .. .. .. .. 648 7 3
Depreciation bank premises and furniture .. .. 4,944 14 4
Provision for taxation .. .. .. .. .. .. 14,700 0 0
Net profit transferred to Profit and Loss Appropriation Account .. .. .. .. .. .. .. .. .. .. 14,523 9 0
£193,463 13 6

£ s. d.
Interest accrued and received from—
Mortgages .. .. .. .. .. .. .. .. .. .. 95,798 12 6
Investments .. .. .. .. .. .. .. .. .. .. 92,670 17 0
Commissions, rents, sundry receipts, and refunds 4,994 4 0
£193,463 13 6

BALANCE SHEET AS AT 31 MARCH 1958

Depositors’ balances—
Savings bank department 4,955,364 19 2
Ordinary depositors’ total ———————— 4,955,364 19 2
National savings depositors’ total .. 861,356 9 11
Add National Savings Interest Suspense Account .. 16,024 18 7
877,381 8 6

Other liabilities—
Staff Provident Fund .. 15,168 8 2
Provision for taxation .. 14,700 0 0
Sundry creditors .. .. 106 19 6
Amounts owing to other trustee savings banks 290 15 6
Total, other liabilities ———————— 30,266 3 2

Total of liabilities and provisions .. .. .. 5,863,012 10 10

Reserve Fund—
Balance, 1 April 1957 .. 205,577 11 8
Add balance, Appropriation Account .. 14,225 18 9
219,803 10 5
£6,082,816 1 3

Current assets—
Cash in hand and at bankers on current account .. 442,896 8 11
Fixed deposit accounts at bankers .. .. .. .. 170,000 0 0
Interest due and accrued on investments .. .. 32,197 4 11
Amounts owing by other banks .. .. .. .. .. 1,189 10 9
Total current assets ———————— 646,283 4 7

Investments—
New Zealand Government inscribed stock and war loans at par value .. 2,305,535 0 0
Local body debentures .. 141,835 13 2
First mortgage on freehold property .. .. .. 2,039,594 8 8
Total investments ———————— 4,486,965 1 10

Total current assets and investments .. .. .. 5,133,248 6 5

National savings securities—
New Zealand Government inscribed stock .. 870,450 0 0
Cash in hand and at bank .. .. .. .. .. 6,931 8 6
Total securing national savings depositors .. .. .. .. .. 877,381 8 6

Total current assets, investments, and securities .. .. .. .. .. 6,010,629 14 11

Fixed assets at cost, less depreciation—
Premises and property .. 61,297 19 7
Office plant, fittings, furniture, and home safes 10,888 6 9
Total fixed assets ———————— 72,186 6 4
£6,082,816 1 3

R. C. SAMPSON, President.
E. A. EVANS, General Manager.
W. A. DICKSON, Accountant.

We, the undersigned, being the auditors of the New Plymouth 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 1958; (3) The 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 is drawn up so as to exhibit a true and correct view of the state of affairs of the New Plymouth Savings Bank according to the best of our information and the explanations given to us, and as shown by the books of the bank.

WYNYARD AND RIDLAND,
Public Accountants and Auditors.

New Plymouth, 30 April 1958. 866