22 DECEMBER

THE NEW ZEALAND GAZETTE

2019

NEW PLYMOUTH SAVINGS BANK

RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MARCH 1960
Receipts
£ s. d.
Cash and bank balances .. .. .. 299,154 17 2
Deposits received .. .. .. 3,530,028 10 1
Deposits received for National Savings .. .. .. 62,402 17 2
Loans and advances repaid .. .. .. 262,592 15 4
Interest on mortgages and investments .. .. .. 234,109 8 4
Inspection fees received .. .. .. 789 18 0
Refund on account of rates and insurance premiums .. .. .. 230 8 10
Repayment of debentures .. .. .. 11,909 13 10
Interest received from National Savings investments .. .. .. 27,724 0 4
Commission on Government stock and sundries .. .. .. 2,180 17 10
Trustee savings bank transfers .. .. .. 28,403 10 9
Home safes sold .. .. .. 53 4 0
Transfers from Treasury re National Savings .. .. .. 30,000 0 0
Rent received .. .. .. 1,052 16 2
Branch transfers .. .. .. 260 4 7
Fixed deposits redeemed .. .. .. 40,000 0 0
Land adjustment .. .. .. 240 13 0

£4,531,133 15 5

Payments
£ s. d.
Withdrawals .. .. .. 3,091,291 16 3
Advances made .. .. .. 490,122 16 0
New Zealand Government inscribed stock and local body debentures purchased .. .. 320,000 0 0
Management, administration charges, including salaries, audit fee, and trustees fees .. 26,114 18 10
Bank rates and insurance premiums .. 1,255 15 7
Advertising, printing, and stationery .. 1,679 15 3
Income taxation and social security charges .. 20,716 2 8
Donations .. .. .. 1,495 0 0
Insurance premiums and rates advanced to borrowers .. .. 77 16 3
Expenses inspecting and maintaining securities Share earthquake insurance premiums paid to mortgagors .. .. 203 17 0
Withdrawals and transfers of National Savings deposits and interest paid to depositors .. 120,982 3 11
Furniture and office plant purchased .. 824 1 6
Bank property purchased .. 22,153 8 10
Trustee savings bank transfers .. 23,188 18 5
Home safes purchased .. 275 8 2
Sundry debtors .. 1,363 8 0
Cash and bank balances .. 409,377 17 6

£4,531,133 15 5

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1960
£
Interest credited to depositors .. .. 159,540
Interest credited to Staff Provident Fund .. .. 904
Charges and administration expenses .. .. 29,434
Depreciation .. .. .. 4,119
Provision for taxation .. .. .. 26,200
Net profit transferred to Profit and Loss Appropriation Account .. .. 26,687

£246,884

£
Interest on investments .. .. .. 241,450
Commissions, rents, sundry receipts, and refunds .. .. 5,434

£246,884

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1960
£
Donations .. .. .. 1,495
Balance transferred to Reserve Fund .. .. 25,226

£26,721

£
Taxation reserve balance .. .. .. 34
Nett profit .. .. .. 26,687

£26,721

BALANCE SHEET AS AT 31 MARCH 1960

Depositors balances—
£ £
Savings bank department .. .. 5,620,244
Thrift club accounts .. .. 74,551
Home lay-by accounts .. .. 140,897
Ordinary depositors' total .. .. 5,835,692
Investment accounts .. .. 107,813
Add accrued interest .. .. 1,832
National Savings depositors' total .. 748,891
Add National Savings Interest Suspense Account .. .. 13,861
Total liability to depositors .. 6,708,089

Other liabilities—
Staff Provident Fund .. .. 19,971
Provision for taxation .. .. 26,200
Sundry creditors .. .. 4,467
Amounts owing to other banks .. 93
Total, other liabilities .. .. 50,731

Total of liabilities and provisions .. 6,758,820

Reserve Fund—
Balance 1 April 1959 .. .. 237,902
Add balance, Appropriation Account .. 25,226

£7,021,948

Current Assets—
£ £
Cash in hand and at bankers .. 400,626
Fixed deposits .. .. 170,000
Interest due and accrued on investments .. 43,306
Total current assets .. .. 613,932

Investments (at par value)—
New Zealand Government inscribed stock .. .. .. 2,775,890
Local body debentures .. .. 120,401
First mortgage on freehold property .. 2,537,364
Total investments .. .. 5,433,655

Total current assets and investments .. 6,047,587

Investment Account securities—
New Zealand Government inscribed stock .. .. .. 109,645

National Savings securities—
New Zealand Government inscribed stock .. .. .. 754,000
Cash in hand and at bankers .. 8,752
Total securing National Savings depositors .. 762,752
Total current assets, investments, and securities .. .. 6,919,984

Fixed assets at cost, less depreciation—
Premises and property .. .. 90,346
Furniture and fittings (etc.) .. .. 11,618
Total fixed assets .. .. 101,964

£7,021,948

G. MACALLAN, 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 1960.
(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, 29 April 1960.