17 SEPTEMBER
THE NEW ZEALAND GAZETTE
1331

PAYMENTS
£ s. d.
Savings bank withdrawals .. .. 21,910,316 5 7
National savings withdrawals .. .. 689,290 0 5
Provident Fund .. .. 11,027 11 2
Local body investments .. .. 575,000 0 0
New Zealand Government inscribed stock investments .. .. 1,742,770 15 4
Mortgage investments .. .. 1,750,946 0 0
Charges .. .. 211,522 16 4
Exchange and commissions .. .. 2,648 2 7
Furniture and fittings .. .. 2,715 12 3
Office calculating and bookkeeping machines 99 0 0
Land and buildings .. .. 630 13 6
Buildings’ alterations .. .. 1,799 17 2
Rent .. .. 2,721 13 9
Donations .. .. 23,600 0 0
Mortgage sundries (rates, etc.) .. .. 1,442 3 0
Mortgagors’ Suspense Account .. .. 12,374 6 4
Earthquake and war damage insurance .. 309 1 5
Mortgage securities inspections .. .. 2,192 2 1
Taxation .. .. 106,399 15 6
Motor vehicles (expenses) .. .. 2,414 19 5
Motor vehicles (capital) .. .. 3,272 7 9
Balance at Bank of New Zealand.. .. 810,486 5 5
Balance, cash in hand .. 269,073 11 7
£28,133,053 0 7

*N.B.—Cash in hand and at bankers .. 1,079,559 17 0
Add: Over-invested in national savings securities .. .. 576,354 15 4
Total as per balance sheet .. £1,655,914 12 4

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

E. O. FABER, 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 1959

Depositors’ balances— £ s. d. £ s. d.
Savings bank .. 34,060,691 2 2
Home lay-by .. 1,051,860 5 5
Investment accounts .. 436,475 0 0
Thrift clubs.. .. 1,220,223 4 2
Schools banks .. 184,377 18 11
Ordinary depositors’ total .. 36,953,627 10 8
National savings depositors’ total .. 3,484,858 14 8
Add: National Savings Interest Suspense Account .. 64,786 10 0
.. 3,549,645 4 8
Other liabilities—
Staff Provident Fund 278,199 15 3
Provision for taxation 146,211 3 9
Provision for donations 35,000 0 0
Total of other liabilities .. 459,410 19 0
Total of liabilities and provisions .. 40,962,683 14 4
Reserve Fund—
Balance, 31 March 1958 1,964,300 0 0
Add: Balance, Reserve Suspense Account .. 2,913 3 11
Add: Balance, provision for donations .. 1,400 0 0
Add: Balance, provision for taxation .. 3,879 12 2
.. 1,972,492 16 1
Add: Balance, Appropriation Account .. 109,907 3 11
.. 2,082,400 0 0
Contingent liability—
Subsidies on home lay-by accounts, £10,000 .. £43,045,083 14 4

Current assets— £ s. d. £ s. d.
Cash resources .. 1,655,914 12 4
Interest due and accrued on investments, etc. .. 277,953 4 2
Total current assets .. 1,933,867 16 6
Investments (cost or face value whichever lower)—
New Zealand Government inscribed stock 20,065,499 8 9
Local body debentures 5,450,200 6 2
Mortgages 11,690,533 19 9
Total investments .. 37,206,233 14 8
Total of current assets and investments .. 39,140,101 11 2
National savings securities—
New Zealand Government inscribed stock 3,549,645 4 8
Total securing national savings depositors .. 3,549,645 4 8
Total of current assets, investments, and securities .. 42,689,746 15 10
Fixed assets at cost, less depreciation—
Land and buildings .. 283,358 19 10
Home safes .. 308 7 0
Furniture and fittings, £48,526 6s. 3d.; less depreciation reserve, £8,503 19s. 7d. .. 40,022 6 8
Office calculating and bookkeeping machines, £26,450 16s. 3d.; less depreciation reserve, £3,841 19s. 9d. .. 22,608 16 6
Motor vehicles, £9,130 18s.; less depreciation reserve, £92 9s. 6d. .. 9,038 8 6
Total, fixed assets .. 355,336 18 6
£43,045,083 14 4

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1959
Interest on— £ s. d. £ s. d.
Depositors’ closed accounts 26,028 19 8
Depositors’ open accounts 984,494 7 2
Accrued interest on depositors’ investment accounts .. 8,057 19 5
.. 1,018,581 6 3
Interest on Provident Fund .. .. 13,061 17 2
Charges—
Ordinary .. 215,930 15 0
Provident Fund .. .. 13,737 14 8
.. 229,668 9 8
Loss on—
Home safes .. 63 5 5
Motor vehicles .. 602 10 5
Depreciation on—
Buildings .. 12,092 0 7
Furniture and fittings .. 11,920 2 0
Office calculating and bookkeeping machines .. 6,612 14 0
Home safes .. 47 13 0
Motor vehicles .. 1,265 14 3
.. 31,938 3 10
Provision for taxation .. 146,211 3 9
Net profit .. 144,907 3 11
£1,585,034 0 5

Interest on— £ s. d. £ s. d.
Bank of New Zealand Account .. 42,316 4 9
New Zealand Government inscribed stock .. 721,123 16 4
Local body debentures .. 219,712 8 11
Mortgages .. 578,019 7 1
Interest on investments .. 1,561,171 17 1
Surplus interest on national savings securities .. 9,253 9 6
Rent .. 4,580 12 3
Safe custody fees .. 314 9 0
Exchange and commissions.. .. 9,713 12 7
£1,585,034 0 5