1196 THE NEW ZEALAND GAZETTE No. 54

INVERCARGILL SAVINGS BANK

RECEIPTS AND PAYMENTS FOR YEAR ENDING 31 MARCH 1958

RECEIPTS
£ s. d.
Cash in hand and at Banks, 1 April 1957 .. 306,507 19 0
Deposits—
Savings bank accounts .. .. 9,132,119 7 11
Thrift club accounts .. .. 14,523 13 3
National savings accounts .. .. 25,964 17 9
Branch remittances .. .. 1,640,355 18 6
Other trustee savings banks .. .. 11,064 17 8
Exchanges, fines, and forms .. .. 41 17 10
Commission .. .. .. 3,013 13 5
Interest—
New Zealand Government stock .. .. 125,317 4 11
Local body debentures .. .. 54,639 4 1
Mortgages .. .. .. 90,241 1 7
Other investments .. .. 24,490 10 0
Principal repayments—
Local body debentures .. .. 82,610 11 0
Mortgages .. .. .. 158,312 4 2
Other investments .. .. 262,000 0 0
Miscellaneous receipts .. .. 6,528 17 1
Rents .. .. .. 548 10 0
Valuation fees .. .. .. 1,082 3 6
£11,939,362 11 8

PAYMENTS
£ s. d.
Withdrawals—
Savings bank accounts .. .. 8,472,398 12 0
Thrift club accounts .. .. 11,939 16 10
National savings accounts .. .. 59,405 5 0
Branch remittances .. .. 1,655,429 7 10
Building additions, donations, furniture, and tax .. .. .. 16,252 19 0
Exchanges .. .. .. 66 16 3
Fuel, lighting, and cleaning .. .. 830 14 9
Insurances .. .. .. 503 17 5
Local body stock and debentures .. .. 214,342 19 8
Mortgages .. .. .. 399,101 0 0
New Zealand Government stock .. .. 400,291 5 0
Other investments .. .. 330,000 0 0
Local body loan applications: Customers .. .. 32,310 0 0
Miscellaneous payments .. .. 11,311 0 1
Other trustee savings banks .. .. 5,245 12 5
Perusal fees .. .. .. 175 13 0
Postages, telephones, and tolls .. .. 815 16 3
Printing, stationery, and advertising .. .. 1,605 15 6
Rents .. .. .. 130 0 0
Repairs and maintenance .. .. 1,466 9 2
Salaries, fees, etc. .. .. 33,592 16 11
Sundry charges .. .. .. 1,521 19 10
Travelling and relieving expenses .. .. 591 4 5
Cash in hand and at banks, 31 March 1958 .. 290,033 10 4
£11,939,362 11 8

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1958

Interest credited to depositors— £ s. d. £ s. d.
Savings bank accounts—
Open .. .. .. 193,043 7 3
Closed .. .. .. 4,929 4 11
197,972 12 2
National savings accounts—
Open .. .. .. 13,124 15 6
Closed .. .. .. 238 13 1
13,363 8 7
Charges and management expenses .. .. 43,014 5 9
Depreciation—
Buildings .. .. .. 5,145 5 0
Furniture and fittings .. .. 2,061 4 0
Ledger posting machines .. .. 1,424 3 3
Office machines .. .. 126 2 9
8,756 15 0
Provision for taxation .. .. .. 23,018 15 3
Net profit transferred to Profit and Loss Appropriation Account .. .. .. 23,591 17 1
£309,717 13 10

Interest on investments— £ s. d. £ s. d.
Local body stock and debentures .. .. 56,876 16 3
Mortgages .. .. .. 99,594 0 0
New Zealand Government stock .. .. 106,895 1 8
New Zealand Government national development loan .. 16,188 3 10
Fixed deposits .. .. 12,035 13 3
291,589 15 0
Interest on national savings securities .. .. 13,731 0 6
Commission .. .. .. 3,219 9 5
Exchanges, fines, and forms .. .. 66 14 5
Rent .. .. .. 548 10 0
Valuation fees .. .. .. 562 4 6
£309,717 13 10

PROFIT AND LOSS APPROPRIATION ACCOUNT
£ s. d.
Provision for donations .. .. .. 5,000 0 0
Balance to Reserve Fund .. .. .. 18,591 17 1
£23,591 17 1

£ s. d.
Balance from Profit and Loss Account .. .. 23,591 17 1
£23,591 17 1

BALANCE SHEET AS AT 31 MARCH 1958
Current Liabilities
Depositors' balances— £ s. d. £ s. d.
Savings bank accounts .. 7,874,798 1 8
Thrift club accounts .. 9,169 5 4
7,883,967 7 0
National savings accounts .. .. 367,652 14 11
Other liabilities—
National Savings Interest Suspense Account .. 9,761 2 8
Mortgage Interest Rebate Suspense Account .. 1,135 8 4
Provision for donations .. 5,000 0 0
Provision for taxation .. 23,018 15 3
38,915 6 3
Total liabilities and provisions .. .. 8,290,535 8 2
Reserve Fund—
Balance at 1 April 1957 .. 218,766 11 3
Add Investment Fluctuation Account .. 23,226 5 0
241,992 16 3
Less under-provision for tax, 1957 .. 0 0 4
241,992 15 11
Add Profit and Loss Appropriation Account .. 18,591 17 1
260,584 13 0
£8,551,120 1 2

Current Assets
£ s. d. £ s. d.
Cash in hand and at banks .. 290,586 8 9
National Bank of New Zealand Ltd.: Fixed deposits .. 485,000 0 0
775,586 8 9
Branch remittances in transit .. .. 1,521 16 3
Interest due and accrued on investments .. 70,158 2 3
Sundry debtors: Valuation fees .. 73 4 6
71,753 3 0
Investments—
New Zealand Government stock .. 3,371,680 0 0
New Zealand Government stock: National development loan .. 431,685 0 0
Local body stock and debentures .. 1,579,884 1 1
Mortgages .. .. 1,865,773 15 0
7,249,022 16 1
National savings securities (New Zealand Government stock) .. .. 383,800 0 0
Total of current assets and investments .. 8,480,162 7 10
Fixed assets at cost less depreciation—
Buildings .. .. 54,209 2 4
Add additions .. .. 630 16 5
54,839 18 9
Less depreciation .. 5,145 5 0
49,694 13 9
Furniture and fittings .. 9,832 17 4
Add additions .. .. 530 11 1
10,363 8 5
Less depreciation .. 2,061 4 0
8,302 4 5
Ledger posting machines .. 7,120 17 0
Less depreciation .. 1,424 3 3
5,696 13 9
Office machines .. .. 630 14 8
Less depreciation .. 126 2 9
504 11 11
Property .. .. .. 6,689 2 6
Homes safes on hand .. .. 70 7 0
£8,551,120 1 2

A. R. DAWSON, President.
J. T. SHAW, General Manager.