2022

THE NEW ZEALAND GAZETTE

No. 84

Current assets—
£ s. d.
Cash resources .. 1,546,019 1 7
Interest due and
accrued on investments, etc. .. 322,019 12 9
Total current assets 1,868,038 14 4

Investments (cost or face
value, whichever lower)—
New Zealand Government inscribed stock 22,565,883 9 6
Local body securities.. 5,973,346 5 3
Mortgages .. .. 12,143,023 15 0
Total investments 40,682,253 9 9
Total of current
assets and investments .. .. 42,550,292 4 1

National Savings securities—
New Zealand Government inscribed
stock .. .. 3,415,893 13 2
Total securing National Savings depositors .. 3,415,893 13 2
Total of current
assets,investments,
and securities .. .. 45,966,185 17 3

Fixed assets at cost, less
depreciation—
Land and buildings .. 519,972 13 4
Home safes .. 225 6 6
Furniture and fittings,
£42,810 4s. 11d.; less
depreciation reserve,
£8,503 19s. 7d. .. 34,306 5 4
Office calculating and
bookkeeping machines, £29,723 1s.
3d.; less depreciation
reserve, £3,841 19s.
9d. .. .. .. 25,881 1 6
Motor vehicles, £8,674
14s. 2d.; less depreciation reserve, £92
9s. 6d. .. .. .. 8,582 4 8
Total fixed assets 588,967 11 4
£46,555,153 8 7

Payments
£ s. d.
Amount withdrawn by depositors .. .. 178,742 7 1
Invested on mortgages .. .. 54,515 15 2
Invested in Government stock .. .. 8,774 0 0
Local body debentures .. .. 9,500 0 0
Purchase of property .. .. .. 200 5 0
Office equipment .. .. .. 154 11 3
Charges paid .. .. .. 4,642 5 1
PAYE taxation .. .. .. 380 11 0
Taxation .. .. .. 2,068 10 11
Transfers to other savings banks .. .. 4,482 16 8
Donations made .. .. .. 336 0 0
Cash in hand and at bankers, 31 March 1960 .. 48,259 13 7
£312,056 15 9

BALANCE SHEET AS AT 31 MARCH 1960
£ s. d. £ s. d.
Depositors' balances .. .. 570,331 14 0
Current liabilities: Provision for taxation 2,074 0 9
Reserve Fund .. .. 70,668 19 2
Add Balance of Appropriation Account .. .. 3,251 3 5 73,920 2 7
£646,325 17 4

Current assets—
£ s. d. £ s. d.
Cash in hand and at bankers 48,259 13 7
Interest due and accrued on
investments and deposits .. 3,811 12 11
Remittances in transit .. 1,446 9 1
53,517 15 7

Investments—
New Zealand Government
inscribed stock .. .. 305,073 15 2
Local body debentures .. 31,003 3 9
First mortgages on property 254,276 14 4
590,353 13 3

Total of current assets and
investments .. .. .. 643,871 8 10
Fixed assets at cost less depreciation—
£ s. d.
Land and buildings .. 1,429 14 7
Additions .. 200 5 0
1,629 19 7
Less depreciation .. 33 11 1
1,596 8 6
Furniture and Equipment .. 898 0 0
Additions .. 154 11 3
1,052 11 3
Less depreciation .. 194 11 3
858 0 0
2,454 8 6
£646,325 17 4

E. O. FABER, President.
H. J. BARRETT, General Manager.

We, the undersigned, being the auditors of the Auckland 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. (4) 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 Auckland Savings Bank's affairs as at 31 March 1960 and of the results of its business for the year ended on that date.

D. C. O'HALLORAN, B.COM., F.P.A.N.Z.
A. J. POSTLES, A.P.A.N.Z.
Auditors.

HOKITIKA SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDING
31 MARCH 1960

Receipts
£ s. d.
Cash in hand and at bankers, 1 April 1959 .. 63,156 8 6
Amount lodged by depositors .. .. 174,183 15 7
Repayments of mortgages .. .. 56,346 15 11
Repayments of local body loans .. .. 1,471 14 11
Transfers by other savings banks .. .. 3,066 7 7
PAYE taxation .. .. 380 11 0
Interest received from—
Government Securities .. .. 11,463 14 10
Local body loans .. .. 995 4 0
Fixed deposits .. .. 897 5 0
Rent of premises .. .. 78 0 0
Post Office Savings .. .. 16 18 5
£312,056 15 9

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1960
£ s. d. £ s. d.
Interest on depositors' accounts—
Closed accounts .. .. 442 2 3
Open accounts .. .. 15,623 16 9
16,065 19 0
Expenses and charges .. 1,814 10 1
Salaries .. .. 2,827 15 0
4,642 5 1
Depreciation—
Premises .. .. .. 33 11 1
Furniture and equipment .. 194 11 3
228 2 4
Provision for taxation .. .. 2,102 3 5
Balance transferred to Appropriation Account .. .. 3,313 8 2
£26,351 18 0

Interest on fixed deposits .. .. .. 882 17 5
Interest on New Zealand Government stock .. 12,038 10 5
Interest on local body debentures .. .. 1,081 19 0
Interest on Post Office Savings Account .. 16 18 5
Interest on mortgages .. .. .. 12,225 10 1
Rents .. .. .. .. .. 78 0 0
Interest on accounts prepaid .. .. .. 28 2 8
£26,351 18 0