1330
THE NEW ZEALAND GAZETTE
No. 56

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1959
£
Interest credited to depositors .. .. .. 147,888
Interest credited to Staff Provident Fund .. .. 797
Charges and administration expenses .. .. 27,694
Depreciation .. .. .. 4,372
Provision for taxation .. .. .. 21,000
Net profit transferred to Profit and Loss Appropriation Account .. .. .. .. 21,619
£223,370

Interest on investments .. .. .. 219,550
Commissions, rents, sundry receipts, and refunds .. 3,820
£223,370

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1959
£
Donations .. .. .. .. 1,030
Buildings demolished .. .. .. 2,671
Balance transferred to Reserve Fund .. .. 18,099
£21,800

£
Taxation reserve balance .. .. .. 181
Net profit .. .. .. 21,619
£21,800

DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1959
£ s. d. £ s. d.
Interest credited to depositors’ accounts .. .. 147,888 4 6
Interest credited to Staff Provident Fund .. .. 797 12 8
148,685 17 2
Salaries and audit fee .. .. .. 19,216 19 5
Trustees fees .. .. .. 676 1 0
Printing, advertising, and stationery .. .. 2,298 11 6
Rates and fire insurance premiums on bank premises .. 1,123 16 11
Share of earthquake premiums of properties mortgaged to the bank .. .. .. 12 4 3
Charges—
Staff Provident Fund contributions .. .. 871 4 7
Rent branch premises .. .. 496 11 8
Lighting and heating .. .. 245 14 4
General office expenses .. .. 2,612 5 8
Expenses maintaining and repairing bank premises .. 140 18 8
Depreciation bank premises and furniture .. .. 4,371 18 9
Provision for taxation .. .. 21,000 0 0
Net profit transferred to Profit and Loss Appropriation Account .. .. 21,618 13 11
£223,370 17 10

Interest accrued and received from—
£ s. d.
Mortgages .. .. .. 111,292 3 2
Investments .. .. .. 108,258 4 3
Inspection fees received less trustees travelling and inspection fees .. .. 17 9 9
Commissions, rents, sundry receipts, and refunds .. .. 3,803 0 8
£223,370 17 10

BALANCE SHEET AS AT 31 MARCH 1959
£ £
Depositors’ balances—
Savings bank department .. .. 5,156 160
Thrift club accounts .. .. 58,874
Home lay-by accounts .. .. 63,238
Investment accounts .. .. 67,360
Ordinary depositors’ total .. .. 5,345,632
National savings depositors’ total .. 780,289
Add National Savings Interest Suspense Account .. .. 15,518 795,807

Other liabilities—
Staff Provident Fund .. .. 17,709
Provision for taxation .. .. 21,000
Sundry creditors .. .. 1,093
Amounts owing to other banks .. 1,696
Total, other liabilities .. .. 41,498

Total of liabilities and provisions .. .. 6,182,937

Reserve Fund—
Balance 1 April 1958 .. .. 219,803
Add balance, Appropriation Account .. 18,099 237,902
£6,420,839

Current assets—
£ £
Cash in hand and at bankers .. 287,347
Fixed deposits .. 210,000
Interest due and accrued on investments .. 36,747
Amounts owing by other banks .. 5,384
Total current assets .. 539,478

Investments (at par value)—
New Zealand Government inscribed stock .. .. 2,565,535
Local body debentures .. .. 132,310
First mortgage on freehold property .. 2,312,533
Total investments .. 5,010,378

Total current assets and investments .. 5,549,856

National savings securities—
New Zealand Government inscribed stock .. .. 784,000
Cash in hand and at bankers .. 11,807
Total securing national savings depositors .. 795,807

Total current assets, investments, and securities .. 6,345,663

Fixed Assets at cost, less depreciation—
Premises and property .. .. 65,750
Furniture and fittings, etc. .. .. 9,426
Total fixed assets .. 75,176
£6,420,839

P. V. E. STAINTON, 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 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 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 1959.
1110

AUCKLAND SAVINGS BANK

STATEMENT of cash receipts and payments of the Auckland Savings Bank for year ended 31 March 1959.

RECEIPTS
Balance as at 1 April 1958 (cash in hand and Bank of New Zealand) .. .. £ s. d.
1,870,453 10 1
Savings bank deposits .. .. 22,915,886 10 0
National savings deposits.. .. 338,249 5 2
Interest on Bank of New Zealand Account .. 42,316 4 9
Interest on New Zealand Government inscribed stock .. .. 686,372 8 6
Interest on local body securities .. .. 214,775 13 0
Interest on mortgages .. .. 570,988 4 9
Interest on national savings securities .. 144,410 0 0
New Zealand Government inscribed stock repayments .. .. 100,500 0 0
Local body securities repayments .. .. 168,085 18 9
Mortgage principal repayments .. .. 1,048,073 1 2
Charges (refunds) .. .. 259 16 5
Rent .. .. 7,302 6 0
Mortgage securities inspection fees .. .. 3,137 2 0
Mortgagors’ Suspense Account .. .. 6,954 5 5
Mortgage sundries (rates, etc.) .. .. 1,427 3 6
Safe custody fees .. .. 314 9 0
Exchange and commissions .. .. 12,361 15 2
Furniture and fittings (sales) .. .. 63 12 7
Home safes .. .. 95 2 0
Motor vehicles expenses (refunds) .. .. 66 12 4
Motor vehicles (sales) .. .. 938 0 0
Office calculating and bookkeeping machines (sales) .. .. 22 0 0
£28,133,053 0 7