30 AUGUST
THE NEW ZEALAND GAZETTE
1441
£ s. d.
Mortgage sundries ... 12,444 11 4
Earthquake and war damage insurance ... 280 19 11
Mortgage securities inspections ... 3,207 13 7
Taxation ... 219,516 16 9
Motor vehicles (expenses) ... 2,936 9 2
Motor vehicles (capital) ... 4,344 0 0
Home lay-by subsidies ... 2,697 17 9
Pass book wallets ... 762 9 0
£ s. d.
Balance at Bank of New Zealand ... 546,701 2 7
Balance cash in hand ... 320,583 18 9
867,285 1 4
£41,366,376 14 0
NOTE—Cash resources—
Cash in Hand and at Bankers ... 867,285 1 4
Add: Over-invested in National Savings
securities ... 439,166 0 10
Add: Advance subscription, New Zealand
Government stock ... 600,000 0 0
Total as per balance sheet ... £1,906,451 2 2
H. J. BARRETT, General Manager.
We hereby certify that, to the best of our belief, the above
statement of cash receipts and payments is correct.
ERNEST DAVIS, 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 AS AT 31 MARCH 1962
Depositors' balances—
Savings bank ... 42,632,349 18 2
Home lay-by ... 3,266,505 14 10
Investment accounts ... 1,167,640 0 0
Thrift clubs ... 2,324,291 4 6
Schools banks ... 248,339 4 10
Ordinary depositors'
total ... 49,639,126 2 4
National savings depositors'
total ... 3,099,099 0 8
Add: National Savings
Interest Suspense Account ... 62,734 18 6
3,161,833 19 2
Other liabilities—
Staff Provident Fund ... 363,475 1 8
Provision for taxation ... 268,412 14 9
Provision for donations ... 70,000 0 0
Total of other liabilities ... 701,887 16 5
Total of liabilities and
provisions ... 53,502,847 17 11
Reserve Fund—
Balance, 31 March 1961 ... 2,371,000 0 0
Add: Balance, Reserve
Suspense Account ... 909 14 5
Add: Balance, depreciation
reserve ... 12,438 8 10
Add: Balance, provision
for donations ... 39 0 0
2,384,387 3 3
Add: Balance, Appropriation Account ... 180,612 16 9
2,565,000 0 0
Contingent liability—
Subsidies on home lay-by
accounts, £10,000
£ s. d.
£ s. d.
£ s. d.
£ s. d.
National Savings securities—
New Zealand Government inscribed stock
(seuring National
Savings depositors) ... 3,161,833 19 2
Total of current assets,
investments, and
securities ... 55,422,690 13 7
Fixed assets at cost, less
depreciation—
Land and buildings ... 552,165 15 1
Furniture and fittings ... 47,828 9 4
Office calculating and
book-keeping machines ... 34,002 0 1
Motor vehicles ... 10,514 1 8
Home safes ... 311 17 8
Pass book wallets ... 335 0 6
Total fixed assets ... 645,157 4 4
£56,067,847 17 11
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1962
£ s. d.
£ s. d.
Interest on-
Depositors' closed Accounts (net) ... 46,837 0 11
Depositors' open accounts ... 1,286,987 10 9
Accrued interest on depositors' investment accounts ... 22,757 8 9
1,356,582 0 5
Interest on Provident Fund
Charges—
Ordinary ... 310,374 8 4
Provident Fund ... 17,821 14 2
16,863 13 4
Home lay-by subsidies ... 2,697 17 9
Loss on sales: Motor vehicles ... 367 9 4
Depreciation on—
Buildings ... 28,593 5 11
Furniture and fittings ... 11,220 0 0
Office calculating and
book-keeping machines ... 8,129 0 0
Home safes ... 35 0 0
Motor vehicles ... 2,005 0 0
Provision for taxation ... 268,412 14 9
Net profit ... 250,612 16 9
£2,273,715 0 9
Interest on-
Bank of New Zealand
Account ... 29,707 3 6
New Zealand Government inscribed stock ... 1,153,387 1 1
Local body securities ... 313,076 18 0
Mortgages ... 707,732 2 11
Interest on investments ... 2,203,903 5 6
Surplus interest on National
Savings securities ... 17,824 4 2
Rent ... 28,014 5 8
Safe custody fees ... 285 3 3
Exchange and commissions ... 23,688 2 2
£2,273,715 0 9
APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1962
£ s. d.
Provision for donations ... 70,000 0 0
Balance to Reserve Fund ... 180,612 16 9
£250,612 16 9
£ s. d.
Net profit ... 250,612 16 9
£250,612 16 9
ERNEST 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 1962.
(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 1962, 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.
Current assets—
Cash resources ... £1,906,451 2 2
Interest due and accrued
on investments, etc. ... 475,891 5 1
Total current assets ... 2,382,342 7 3
Investments (cost or face
value, whichever lower)—
New Zealand Government inscribed stock ... 28,000,136 0 3
Local body securities ... 7,159,557 13 10
Mortgages ... 14,718,820 13 1
Total investments ... 49,878,514 7 2
Total of current assets
and investments ... 52,260,856 15 4