17 SEPTEMBER
THE NEW ZEALAND GAZETTE
1329

Interest on investments—
Local body stock and debentures .. .. 62,871 14 9
Mortgages .. .. 103,199 0 5
New Zealand Government stock .. .. 124,492 17 2
New Zealand Government national development loan 16,188 3 10
National Bank of New Zealand Ltd.: Fixed deposits.. 13,935 11 9
320,687 7 11

Interest on national savings securities .. .. 12,819 15 8
Bad debts recovered .. .. 727 8 7
Commission .. .. 2,321 14 6
Exchanges, fines, and forms .. .. 441 5 8
Rents .. .. 590 6 10
Valuation fees .. .. 399 2 1
£337,987 1 3

PROFIT AND LOSS APPROPRIATION ACCOUNT
£ s. d.
Provision for donations .. .. 5,000 0 0
General Reserve Fund .. .. 25,810 9 2
£30,810 9 2

Balance from Profit and Loss Account .. £ s. d.
30,810 9 2
£30,810 9 2

BALANCE SHEET AS AT 31 MARCH 1959
Current Liabilities
£ s. d. £ s. d.
Depositors’ balances—
Savings bank accounts 7,819,002 2 6
Thrift club accounts .. 9,890 18 11
7,828,893 1 5
National savings accounts .. 333,305 12 9
Other liabilities—
National savings interest accrued .. .. 8,582 1 8
Mortgage interest rebates provision .. .. 1,335 18 1
Provision for donations 5,000 0 0
Provision for taxation .. 29,730 8 0
44,648 7 9

Total liabilities and provisions .. 8,206,847 1 11
Reserve Fund—
Balance at 1 April 1958.. 260,584 13 0
Add over-provision for donations, 1958 .. 565 0 0
Add over-provision for taxation, 1958 .. 253 6 3
Add Profit and Loss Appropriation Account .. 25,810 9 2
287,213 8 5
£8,494,060 10 4

Current Assets
£ s. d. £ s. d.
Cash in hand and at banks 223,989 14 8
National Bank of New Zealand Ltd.: Fixed Deposits 385,000 0 0
608,989 14 8
Branch remittances in transit 989 18 6
Interest due and accrued on investments .. 75,605 9 10
Sundry debtors: Valuation fees .. 50 8 0
76,645 16 4

Investments—
New Zealand Government stock .. .. 3,531,230 0 0
New Zealand Government stock: National development loan .. 431,685 0 0
Local body stock and debentures .. 1,584,002 14 1
Mortgages .. .. 1,841,941 9 0
7,388,859 3 1
National savings securities .. 345,800 0 0
Total of current assets and investments .. 8,420,294 14 1
Fixed assets at cost less depreciation—
Buildings .. .. 49,694 13 9
Add additions .. 8,469 13 4
58,164 7 1
Less depreciation .. 3,988 8 0
54,175 19 1

BALANCE SHEET AS AT MARCH 1959—continued
Current Assets—continued
£ s. d. £ s. d.
Furniture and fittings 8,302 4 5
Add additions .. 661 19 0
8,964 3 5
Less depreciation .. 1,690 7 0
7,273 16 5
Ledger posting machines 5,696 13 9
Add additions .. 588 1 0
6,284 14 9
Less depreciation .. 1,228 18 6
5,055 16 3
Office machines 504 11 11
Add additions .. 174 0 0
678 11 11
Less depreciation .. 118 6 5
560 5 6
Property .. .. .. 6,699 19 0
£8,494,060 10 4

R. G. WEBB, President.
J. T. SHAW, General Manager.

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 1959; (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 and profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Invercargill Savings Bank’s affairs as at 31 March 1959, and of the results of its business for the year ended on that date.

Invercargill, 20 April 1959.

1112 HENDERSON, ADAM, and Co., Auditors.

NEW PLYMOUTH SAVINGS BANK

STATEMENT of receipts and payments for the year ended 31 March 1959.

RECEIPTS
£ s. d.
Cash and bank balances, 1 April 1958 .. 449,827 17 5
Deposits received.. .. 3,221,193 10 1
Deposits received for national savings .. 94,480 12 9
Loans and advances repaid .. 237,144 2 1
Interest on mortgages and investments .. 214,976 9 5
Inspection fees received .. 781 16 0
Refund on account of rates and insurance premiums .. 352 0 6
Repayment of debentures .. 9,525 8 7
Interest received from national savings investments .. 30,702 5 6
Commission on government stock and sundries 1,334 13 0
Trustee savings bank transfers .. 27,745 4 2
Home safes sold .. 98 8 0
Transfers from Treasury re national savings .. 86,450 0 0
Rent received .. 968 7 8
£4,375,580 15 2

PAYMENTS
£ s. d.
Withdrawals .. .. 2,976,086 9 8
Advances made .. .. 509,942 10 0
New Zealand Government inscribed stock and local body debentures purchased .. 260,000 0 0
Management, administration charges including salaries, audit fee, and trustees fees 24,657 14 3
Bank rates and insurance premiums .. 1,123 16 11
Advertising, printing, and stationery .. 2,298 11 6
Income taxation and social security charges .. 14,414 0 1
Donations .. 1,030 0 0
Insurance premiums and rates advanced to borrowers .. 491 11 7
Expenses inspecting and maintaining securities 163 14 3
Share earthquake insurance premiums paid to mortgagors .. 12 4 3
Withdrawals and transfers of national savings deposits and interest paid to depositors 205,256 15 6
Furniture and office plant purchased .. 633 6 9
Bank property purchased .. 9,178 3 1
Trustee savings bank transfers .. 30,431 12 9
Advanced on fixed deposit.. 40,000 0 0
Branch transfers .. 105 6 5
Branch establishment charges .. 600 1 0
Cash and bank balances, 31 March 1959 .. 299,154 17 2
£4,375,580 15 2

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