10 AUGUST
THE NEW ZEALAND GAZETTE
1147

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1961

Interest on—
Depositors’ closed accounts £ 40,309 0 3
Depositors’ open accounts 1,157,510 13 8
Accrued interest on depositors’ investment accounts
17,714 12 1 1,215,534 6 0

Interest on Provident Fund .. 15,497 6 1

Charges—
Ordinary 277,034 16 9
Provident Fund 16,394 16 0 293,429 12 9

Home lay-by subsidies .. 1,765 13 3

Loss on sales—
Motor vehicles .. 106 10 9
Pass-book wallets .. 45 0 0

Depreciation on—
Buildings 20,360 2 3
Furniture and fittings 10,511 0 0
Office calculating and
bookkeeping machines 6,116 0 0
Home safes 39 0 0
Motor vehicles 1,903 0 0 38,929 2 3

Provision for taxation .. 219,516 16 9
Net profit .. 210,144 0 5

                                            £1,994,968  8  3

Interest on—
Bank of New Zealand
Account £ 34,997 16 6
New Zealand Government
inscribed stock. 973,557 14 8
Local body securities 283,293 3 9
Mortgages 633,229 13 10

Interest on investments      ..              1,925,078  8  9

Surplus interest on national
savings securities .. 17,212 16 8
Rent .. 27,336 17 7
Safe custody fees .. 305 10 6
Exchange and commissions .. 25,034 14 9

                                            £1,994,968  8  3

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1961

Provision for donations .. £ 60,000 0 0
Balance to Reserve Fund .. 150,144 0 5

                                            £210,144  0  5

Net profit .. .. £ 210,144 0 5

                                            £210,144  0  5

E. DAVIS, 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 1961. (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 1961 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.

970

NEW PLYMOUTH SAVINGS BANK

RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MARCH 1961

Receipts

Cash and bank balances .. £ 409,377 17 6
Deposits received .. 4,305,198 3 10
Deposits received for national savings
.. 74,733 14 2
Loans and advances repaid .. 322,945 1 11
Interest on mortgages and investments
.. 265,405 7 2
Inspection fees received .. 1,025 0 0
Repayment of debentures .. 6,821 14 6
Interest received from national savings investments
.. 26,529 10 5
Commission on Government stock and sundries
.. 2,222 7 1
Home safes sold .. 40 4 0
Transfers from Treasury re national savings
.. 15,000 0 0
Rent received .. 2,361 6 8
Fixed deposits redeemed .. 20,000 0 0
Mortgage property sold .. 1,550 0 0

                                            £5,453,210  7  3

Payments

Withdrawals .. £ 3,759,140 19 8
Advances made .. 662,707 0 0
New Zealand Government inscribed stock and
local body debentures purchased
.. 397,000 0 0
Management, administration charges, including salaries, audit fee, and trustees fees
.. 30,811 0 4
Bank rates and insurance premiums
.. 1,242 19 7
Advertising, printing, and stationery
.. 2,478 7 9
Income taxation and social security charges
.. 25,839 14 4
Donations .. 1,555 0 0
Insurance premiums and rates advanced to borrowers
.. 42 6 0
Expenses inspecting and maintaining securities
.. 227 13 0
Share earthquake insurance premiums paid to mortgagors
.. 15 2 9
Withdrawals and transfers of national savings deposits and interest paid to depositors
.. 117,036 15 11
Furniture and office plant purchased
.. 3,314 13 4
Bank property purchased .. 9,008 19 6
Home safes purchased .. 470 9 10
Advanced on fixed deposit .. 100,000 0 0
Sundry creditors .. 4,466 13 10
Branch transfers .. 92 16 9
Cash and bank balances .. 337,759 14 8

                                            £5,453,210  7  3

BALANCE SHEET AS AT 31 MARCH 1961

Depositors balances—
Savings bank department .. £ 6,205,760
Thrift club accounts .. 92,918
Home lay-by accounts .. 232,696
Ordinary depositors’ total .. 6,531,374
Investment accounts .. 138,632
Add accrued interest .. 2,312
140,944
National savings depositors’ total
.. 732,647
Add National Savings Interest Suspense Account
.. 12,332
744,979

Total liability to depositors .. 7,417,297

Other liabilities—
Staff Provident Fund .. 22,626
Provision for taxation .. 28,800
Total other liabilities .. 51,426

Total of liabilities and provisions
.. 7,468,723

Reserve Fund—
Balance 1 April 1960 .. 263,129
Add Balance, Appropriation Account
.. 30,963
294,092

                                            £7,762,815

Current assets—
Cash in hand and at bankers
.. 331,781
Fixed deposits .. 250,000
Interest due and accrued on investments
.. 53,214
Total Current assets .. 634,995

Investments (at par value)—
New Zealand Government inscribed stock
.. 3,144,590
Local body debentures .. 113,579
First Mortgage on freehold property
.. 2,877,169
Total investments .. 6,135,338

Total current assets and investments
.. 6,770,333

Investment Account securities—
New Zealand Government inscribed stock
.. 140,944

National Savings securities—
New Zealand Government inscribed stock
.. 739,000
Cash in hand and at bankers
.. 5,979
Total securing national savings depositors
.. 744,979

Total current assets, investments, and securities
.. 7,656,256

Fixed assets at cost, less depreciation—
Premises and property .. 92,821
Furniture and fittings (etc.)
.. 13,738
Total fixed assets .. 106,559

                                            £7,762,815

A. F. SANDFORD, President.
E. A. EVANS, General Manager.
W. A. DICKSON, Accountant.