4 SEPTEMBER

THE NEW ZEALAND GAZETTE

1197

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 1958; (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.

Invercargill, 18 April 1958.

864

HENDERSON, ADAM, AND CO., Auditors.

---

AUCKLAND SAVINGS BANK

---

STATEMENT of cash receipts and payments of the Auckland Savings Bank for Year ended 31 March 1958.

RECEIPTS

Balance as at 1 April 1957 (cash in hand and Bank of New Zealand) ..

Savings bank deposits

National savings deposits..

Interest on Bank of New Zealand Account ..

Interest on New Zealand Government inscribed stock

Interest on local body debentures ..

Interest on mortgages

Interest on national savings securities

New Zealand Government inscribed stock repayments

Local body debenture repayments ..

Mortgage principal repayments

Charges (refunds)

Rent

Mortgage securities inspection fees

Mortgagors’ Suspense Account

Mortgage sundries

Safe custody fees

Exchange and commissions

Furniture and fittings (sales)

Home safes

Motor vehicles expenses (refund)

Motor vehicles (sales)

£ s. d.

1,932,005 0 11

23,285,944 7 8

396,524 17 6

48,055 4 9

593,690 7 9

188,389 12 1

545,251 9 3

144,410 0 0

87,425 0 0

130,361 12 9

1,088,682 2 10

173 15 5

7,275 1 4

3,452 1 6

25,418 2 0

1,487 10 0

315 11 0

14,464 14 4

225 10 0

303 3 0

10 7 5

400 0 0

£28,494,265 11 6

---

PAYMENTS

Savings bank withdrawals

National savings repayments

Provident Fund

Local body investments

New Zealand Government inscribed stock investments

Mortgage investments

Charges

Exchange and commissions

Furniture and fittings

Office calculating and book-keeping machines

Buildings and property

Buildings’ alterations

Rent

Donations

Mortgage sundries

Mortgagors’ Suspense Account

Earthquake and war damage insurance

Mortgage securities inspections

Income and social security taxes

Motor vehicles (expenses)

Motor vehicles (capital)

*Balance at Bank of New Zealand..

*Balance, cash in hand

£ s. d.

19,639,742 13 7

844,875 15 5

16,443 15 8

747,600 0 0

3,117,348 13 5

1,852,072 6 2

198,262 19 6

2,320 11 0

6,276 15 2

13,985 11 0

43,442 11 8

10,257 11 3

2,969 19 6

19,150 0 0

1,473 5 11

19,829 15 8

226 12 9

1,821 0 0

78,540 9 8

1,665 0 2

5,506 13 11

1,715,846 9 7

154,607 0 6

£28,494,265 11 6

---

*N.B.—Cash in hand and at bankers

Add: Over-invested in national savings securities

Total as per balance sheet

1,870,453 10 1

355,470 10 7

£2,225,924 0 8

---

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

S. C. JOHNSTON, President.

H. J. BARRETT, General Manager.

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.

BALANCE SHEET OF AUCKLAND SAVINGS BANK AS AT 31 MARCH 1958

Depositors’ balances—

Savings bank

Home lay-by

Investment Accounts

Thrift clubs..

Schools banks

Ordinary depositors’ total

National savings depositors’ total

Add: National Savings Interest Suspense Account

Other liabilities—

Staff Provident Fund

Provision for taxation

Provision for donations

Total of other liabilities ..

Total of liabilities and provisions

Reserve Fund—

Balance, 31 March 1957

Add: Balance, Reserve Suspense Account

Add: Balance, provision for donations

Add: Balance, Appropriation Account

Contingent Liability—Subsidies on home lay-by accounts, £4,946

Current Assets—

Cash in hand and at bankers

Interest due and accrued on investments, etc.

Total current assets

Investments (cost or face value whichever lower)—

New Zealand Government inscribed stock

Local body debentures

Mortgages ..

Total Investments ..

Total of current assets and investments

National savings securities—

New Zealand Government inscribed stock

Cash in hand

Total securing national savings depositors

Total of current assets, investments, and securities

Fixed assets at cost, less depreciation—

Land and buildings

Furniture and fittings, £57,083 17s.; less depreciation reserve, £8,503 19s. 7d.

Office calculating and book-keeping machines, £32,986 10s. 3d.; less depreciation reserve, £3,841 19s. 9d.

Home safes, £514 7s. 5d.; less depreciation reserve, £514 7s. 5d.

Motor vehicles, £8,664 14s. 11d.; less depreciation reserve, £92 9s. 6d.

Total, fixed assets

£ s. d.

33,191,493 2 6

403,488 7 3

103,450 0 0

1,083,286 8 11

155,004 12 11

34,936,722 11 7

3,706,375 10 1

64,153 19 4

3,770,529 9 5

255,561 13 8

110,279 7 8

25,000 0 0

390,841 1 4

39,098,093 2 4

1,885,000 0 0

133 5 11

850 0 0

1,885,983 5 11

78,316 14 1

1,964,300 0 0

£41,062,393 2 4

£ s. d.

2,225,924 0 8

233,045 9 3

2,458,969 9 11

18,422,728 13 5

5,041,387 8 5

10,987,661 0 11

34,451,777 2 9

36,910,746 12 8

3,770,529 9 5

3,770,529 9 5

40,681,276 2 1

294,820 6 11

48,579 17 5

29,144 10 6

8,572 5 5

381,117 0 3

£41,062,393 2 4

---

Next Page →