17 SEPTEMBER
THE NEW ZEALAND GAZETTE
1327

Current assets—
Cash in hand and at bankers £ s. d. £ s. d.
Interest due and accrued on
investments and deposits 3,180 14 8
Remittances in transit .. 30 0 0
___ 66,367 3 2

Investments—
N.Z. Government inscribed
stock .. .. .. 296,025 19 11
Local body debentures .. 22,974 18 8
First mortgages on property 243,882 5 0
___ 562,883 3 7

Total of current assets and
investments .. .. .. 629,250 6 9

Fixed assets at cost, less de-
preciation— £ s. d.
Total of pre-
vious year 9,168 3 5
Less sale .. 7,704 17 9

1,463 5 8
Less depre-
ciation .. 33 11 1
___ 1,429 14 7

Furniture and
equipment .. 1,017 0 0
Additions .. 88 15 3

1,105 15 3
Less depre-
ciation .. 207 15 3
___ 898 0 0 2,327 14 7

£631,578 1 4

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1959
Interest on depositors’ accounts— £ s. d. £ s. d.
Closed accounts .. .. 393 4 7
Open accounts .. .. 15,215 7 8
15,608 12 3
Expenses and charges .. .. .. 4,122 19 7
Depreciation—
Premises .. .. .. 33 11 1
Furniture and equipment .. 207 15 3
241 6 4
Provision for taxation .. .. .. 2,084 15 8
Balance transferred to Appro-
priation Account .. .. .. 3,273 16 6

£25,331 10 4

Interest on fixed deposits .. .. .. 820 3 6
Interest on N.Z. Government stock .. .. 11,140 11 6
Interest on local body debentures .. .. 721 17 2
Interest on Post Office Savings Account .. 16 8 10
Interest on mortgages .. .. .. 11,893 3 9
Rents .. .. .. .. 714 1 7
Interest on accounts prepaid .. .. .. 25 4 0

£25,331 10 4

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED
31 MARCH 1959
Donations .. .. .. .. £ s. d.
Balance transferred to Reserve Fund .. .. 4,088 2 6

£4,384 2 6

Net profit from Profit and Loss Account .. £ s. d.
Realisation of discounts on stock .. .. 348 15 0
Profit on realisation of property .. .. 761 11 0

£4,384 2 6

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 Banks
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, invest-
ments, securities, and assets of the bank as at 31 March 1959;
(3) The 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 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.
Hokitika, 11 May 1959.
1109 W. J. GUTBERLET, F.P.A.N.Z., F.I.A.N.Z., Auditor.

THE DUNEDIN SAVINGS BANK

STATEMENT of receipts and payments for year ended 31 March 1959.
RECEIPTS £ s. d.
Balance, 1 April 1958 .. .. .. 491,922 11 5
Lodged by depositors .. .. .. 4,374,428 13 5
Lodged by national savings investment accounts 147,107 11 10
Loan interest .. .. .. 151,026 0 9
Debenture interest .. .. .. 166,125 11 2
Bank interest .. .. .. 8,669 5 6
National savings interest .. .. 47,803 14 0
Loans repaid .. .. .. 244,745 16 2
Debentures repaid .. .. .. 39,477 18 8
Refunds, commission, fines, etc. .. .. 1,787 15 1
Rents .. .. .. .. 2,866 12 1
Staff Provident Fund .. .. .. 1,562 13 5
Received on behalf of other trustee savings
banks .. .. .. 40,834 0 10
Received from investors in Government stock
and local body debentures .. .. 34,450 0 0
Sales of travellers cheques .. .. 4,496 13 7

£5,757,304 17 11

PAYMENTS £ s. d.
Withdrawn by depositors .. .. .. 4,423,218 11 1
Withdrawn by national savings investment
accounts .. .. .. 222,885 7 8
Charges .. .. .. 56,409 19 0
Income and social security taxes .. .. 18,227 8 1
Loans granted .. .. .. 449,657 3 11
Debentures purchased .. .. .. 266,000 0 0
Grants .. .. .. 5,500 0 0
Office furniture, etc. .. .. .. 5,845 2 11
Land and buildings .. .. .. 3,928 3 0
Staff Provident Funds .. .. .. 445 13 5
Paid on behalf of other trustee savings banks 49,603 15 11
Proceeds of sales of Government stock and
local body debentures .. .. 34,450 0 0
Proceeds of sales of travellers cheques .. 4,486 16 7
Balance, 31 March 1959 .. .. .. 216,646 16 4

£5,757,304 17 11

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1959
Interest credited to depositors— £ s. d. £ s. d.
Open accounts .. .. 206,261 1 0
Closed accounts .. .. 12,810 13 9
Home lay-by accounts .. 876 4 2
Credited and accrued on in-
vestment accounts .. 1,936 11 10
___ 221,884 10 9

Provision for suspensory free
deposits on home lay-by
accounts .. .. .. 450 0 0
Interest on Staff Provident Funds .. .. 1,547 3 0
Charges and administration ex-
penses .. .. .. 58,797 12 7
Depreciation—
Buildings .. .. .. 4,205 13 1
Office furniture, etc. .. 5,726 13 6
___ 9,932 6 7
Provision for taxation .. .. .. 21,746 10 0
Profit and loss Appropriation
Account: Net Profit .. .. .. 22,997 16 2

£337,355 19 1

Investment interest .. .. .. £ s. d.
Rents .. .. .. .. 2,823 0 2
Commission, refunds, fines, etc. .. .. 1,787 15 1

£337,355 19 1

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED
31 MARCH 1959
Transfer to Staff Provident Reserve Fund .. £ s. d.
Provision for grants .. .. .. 5,500 0 0
Reserve Fund Account .. .. .. 16,497 16 2

£22,997 16 2

Profit and Loss Account .. .. .. £ s. d.

£22,997 16 2