1148

THE NEW ZEALAND GAZETTE

No. 50

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1961
£
Interest credited to depositors .. 182,551
Interest credited to Staff Provident Fund .. 1,028
Charges and administration expenses .. 35,801
Depreciation .. 4,557
Provision for taxation .. 28,800
Net profit transferred to Profit and Loss Appropriation Account .. 29,418
£282,155

Interest on investments .. 275,573
Commissions, rents, sundry receipts, and refunds .. 6,582
£282,155

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1961
£
Donations .. 1,555
Balance transferred to Reserve Fund .. 30,963
£32,518

Taxation reserve balance .. 100
Discount on purchase of Government stock .. 3,000
Net profit .. 29,418
£32,518

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 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.

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, 28 April 1961

INVERCARGILL SAVINGS BANK

RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31 MARCH 1961
Receipts
£ s. d.
Cash in hand and at banks, 1 April 1960 .. 261,312 11 3
Deposits—
Savings bank accounts .. 12,792,036 13 9
Thrift club accounts .. 13,118 9 2
National savings accounts .. 16,702 19 10
Branch remittances .. 1,984,244 5 8
Other trustee savings banks .. 10,865 14 0
Exchanges .. 635 11 6
Commission .. 4,724 0 7
Interest—
New Zealand Government stock .. 173,359 13 3
Local body debentures and stock .. 88,737 9 8
Mortgages .. 102,934 17 1
Other investments .. 29,962 5 7
Principal repayments—
New Zealand Government stock .. 4,000 2 0
Local body debentures .. 59,960 12 11
Mortgages .. 207,190 3 5
Other investments .. 308,800 0 0
Miscellaneous receipts .. 2,915 18 5
Rents .. 376 8 4
Valuation fees .. 1,120 6 6
Travellers' cheques sales .. 27,708 11 11
£16,090,706 14 10

Payments
£ s. d.
Withdrawals—
Savings bank accounts .. 10,840,141 9 3
Thrift club accounts .. 12,884 12 3
National savings accounts .. 36,712 9 9
Branch remittances .. 3,080,048 9 6
Buildings, property, equipment, donations, and tax .. 47,015 10 9
Exchanges .. 578 8 9
Fuel, light, and cleaning .. 852 16 2
Insurance .. 632 5 11
Local body stock and debentures .. 452,908 18 9
Mortgages .. 358,960 7 7
New Zealand Government stock .. 714,569 11 9
Other investments .. 200,053 18 0
Clients' loan applications .. 35,560 0 0
Miscellaneous payments .. 8,458 17 0
Other trustee savings banks .. 7,444 7 1
Perusal fees .. 164 13 0
Postages, telephones, and tolls .. 1,048 16 1
Printing, stationery, and advertising .. 2,638 18 2
Repairs and maintenance .. 934 13 4
Salaries, fees, etc. .. 45,727 18 7
Sundry charges .. 1,348 17 11
Travelling and relieving expenses .. 1,086 14 4
Travellers' cheques payments to banks .. 25,483 14 0
Cash in hand and at banks, 31 March 1961 .. 215,450 6 11
£16,090,706 14 10

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1961
Interest credited to depositors—
£ s. d. £ s. d.
Savings bank accounts—
Open .. 239,079 11 10
Closed .. 11,031 8 3
250,111 0 1
National savings accounts—
Open .. 10,312 12 5
Closed .. 191 4 0
10,503 16 5
Charges and management expenses—
Cleaning .. 44 0 0
Earthquake damage insurance .. 26 0 6
Fuel and light .. 820 3 8
Insurance .. 558 18 8
Perusal fees .. 164 13 0
Postages, telephones, and tolls .. 1,026 10 5
Printing, stationery, and advertising .. 2,620 11 10
Rent .. 130 0 0
Repairs and maintenance .. 882 13 4
Salaries, fees, etc. .. 44,335 4 11
Sundry charges .. 1,410 8 4
Superannuation .. 2,032 9 6
Travelling and relieving expenses .. 1,086 14 4
55,138 8 6
Depreciation—
Buildings .. 1,595 0 0
Furniture and fittings .. 1,670 6 0
Office machines .. 129 0 0
Ledger-posting machines .. 1,212 12 0
4,606 18 0
Provision for taxation .. 52,457 17 5
Net Profit transferred to Profit and Loss Appropriation Account .. 53,546 12 5
£426,364 12 10

Interest on investments—
£ s. d. £ s. d.
Local body stock and debentures .. 97,878 18 11
Mortgages .. 111,569 9 10
New Zealand Government stock .. 164,722 13 6
New Zealand Government stock, National Development Loan .. 16,325 12 6
National Bank of New Zealand Ltd.: Fixed deposits .. 18,412 12 6
408,909 7 3
Interest on national savings securities .. 11,039 10 0
Commission .. 5,266 12 6
Exchanges, fines, and forms .. 61 16 3
Rents .. 506 8 4
Valuation fees .. 580 18 6
£426,364 12 10