1442
THE NEW ZEALAND GAZETTE
No. 55

HOKITIKA SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR
ENDING 31 MARCH 1962

Receipts

Cash in hand and at bankers, 1 April 1961 .. .. £ 68,256 0 11
Amount lodged by depositors .. .. 226,722 15 3
Repayments of mortgages .. .. 64,104 3 7
Repayments of local body debentures .. .. 2,027 16 3
Transfers by other savings banks .. .. 855 12 8
PAYE taxation .. .. 433 15 4
Office equipment and furniture .. .. 25 0 0
Interest received from—
Government securities .. .. 12,582 9 2
Local body debentures .. .. 1,328 4 7
Fixed deposits .. .. 814 15 3
Post Office Savings Bank .. .. 17 19 5
Rents received .. .. 222 0 0
———————————————————
£377,390 12 5
———————————————————

Payments

Amount withdrawn by depositors .. .. £ 191,048 13 11
Invested on mortgages .. .. 70,520 13 11
Invested in Government stock .. .. 13,985 0 0
Purchase of property and buildings .. .. 19,305 11 6
Purchase of office equipment.. .. .. 864 11 3
Charges paid .. .. .. 5,555 0 5
PAYE taxation .. .. .. 460 13 7
Taxation .. .. .. 2,734 14 11
Transfers to other savings banks .. .. 1,840 13 7
Donations made .. .. .. 435 15 0
Cash in hand and at bankers, 31 March 1962 .. 70,639 4 4
———————————————————
£377,390 12 5
———————————————————

BALANCE SHEET AS AT 31 MARCH 1962

Depositors’ balances .. .. £ s. d. £ s. d.
655,951 16 3
Current liabilities .. .. 2,107 8 5
Sundry creditors and depositors 260 9 11
———————————————————
2,367 18 4
Reserve Fund .. .. 77,380 3 0
Less taxation under provided
for previous years .. 13 5 0
———————————————————
77,366 18 0
Less loss on realisation New
Zealand stock .. .. 11 8 9
———————————————————
77,355 9 3
Add balance, Appropriation
Account .. .. 2,875 1 0
———————————————————
80,230 10 3
———————————————————
£738,550 4 10
———————————————————

Current assets—
Cash in hand and at bankers.. £ 70,639 4 4 £ s. d.
Interest due and accrued on
investments and deposits .. 4,692 12 8
Remittances in transit .. 1,041 0 11
———————————————————
76,372 17 11
Investments—
New Zealand Government In-
scribed stock .. .. 324,109 6 7
Local body debentures .. 27,718 4 10
First mortgages on properties 282,566 11 8
———————————————————
634,394 3 1
Fixed assets at cost less depreciations—
Land and build-
ings .. 7,285 13 11
Additions .. 19,305 11 6
———————————————————
26,591 5 5
Less deprecia-
tion .. 142 1 7
———————————————————
26,449 3 10
Furniture and
equipment .. 714 0 0
Additions .. 839 11 3
———————————————————
1,553 11 3
Less deprecia-
tion .. 219 11 3
———————————————————
1,334 0 0 27,783 3 10
———————————————————
£738,550 4 10
———————————————————

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 MARCH 1962

Interest on depositors’ accounts— £ s. d. £ s. d.
Closed accounts .. .. 454 2 11
Open accounts .. .. 17,593 3 7
———————————————————
18,047 6 6
Charges account .. .. .. 5,555 0 5
Depreciation—
Premises .. .. 142 1 7
Furniture and equipment .. 219 11 3
———————————————————
361 12 10
Provision for taxation .. .. 2,107 8 5
Balance transferred to Profit
and Loss Appropriation
Account .. .. .. 3,310 16 0
———————————————————
£29,382 4 2
———————————————————

Interest on fixed deposits .. .. .. £ s. d.
927 10 0
Interest on New Zealand Government stock .. 13,117 13 5
Interest on local body debentures .. .. 1,307 15 8
Interest on Post Office Savings Bank .. .. 17 19 5
Interest on mortgages .. .. .. 13,775 14 10
Interest on accounts prepaid .. .. 46 0 10
Rents .. .. .. .. 189 10 0
———————————————————
£29,382 4 2
———————————————————

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR
ENDED 31 MARCH 1962

Donations from 1961 profits .. .. .. £ s. d.
435 15 0
Balance transferred to Reserve Account .. .. 2,875 1 0
———————————————————
£3,310 16 0
———————————————————

Net profit from Profit and Loss Account .. £ s. d.
3,310 16 0
———————————————————
£3,310 16 0
———————————————————

G. ANDERSON, Manager.
R. J. BRADLEY, President.

I, the undersigned, being the auditor of Hokitika Savings Bank,
appointed in terms of section 29 (3) of the Trustee Savings Banks Act
1948, report: (1) I have examined the books, accounts, and vouchers
of the bank, and have received all the explanations and information I have required. (2) I have verified the cash, investments,
securities, and assets of the bank as at 31 March 1962. (3) The
Manager has certified that to the best of his knowledge and belief
all the requirements of the Trustee Savings Banks Act 1948 and
regulations thereunder have been complied with. In my opinion
the above balance sheet is drawn up so as to exhibit a true and
correct view of the state of affairs of the Hokitika Savings Bank
according to the best of my information and the explanations
given to me, and as shown by the books of the bank.

W. J. GUTBERLET, F.R.A.N.Z., F.I.A.N.Z., Auditor.
9 May 1962.
1310

———————————————————————————————————

WAIKATO SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR YEAR ENDED
31 MARCH 1962

Receipts

Cash in hand and at bank 31 March 1961 .. .. £ s. d.
72,461 11 9
Deposits—
Savings .. .. .. .. 2,858,821 11 11
Thrift .. .. .. .. 386,399 9 0
Investment .. .. .. .. 255,400 0 0
Interest—
New Zealand Government stock .. .. 73,524 19 4
Local body stock .. .. 6,712 7 10
Australia and New Zealand Bank Ltd.: Fixed
deposit .. .. .. .. 3,500 0 0
Mortgages .. .. .. .. 20,521 2 0
New Zealand Short Term Investment Ltd. .. 5,334 7 4
Investments—
New Zealand Short Term Investment Ltd. .. 365,000 0 0
Local body stock .. .. 1,697 5 7
Mortgage .. .. .. .. 15,100 0 0
Commissions .. .. .. .. 2,008 4 9
Mortgage inspection fees .. .. 701 8 0
Rent .. .. .. .. 386 15 0
Exchange .. .. .. .. 56 5 6
Australia and New Zealand Bank Ltd. .. .. 22,000 0 0
———————————————————
£4,089,625 8 0
———————————————————