30 AUGUST

Payments
Withdrawals—
Savings
Thrift
Investment

£

1,955,255 0 11
251,548 10 8
65,906 13 7

Investments—
New Zealand Government stock
Local body stock
Australia and New Zealand Bank Ltd.: Fixed
deposit
Mortgages
New Zealand Short Term Investment Ltd.

£

507,786 6 7
124,150 0 0
50,000 0 0
538,360 0 0
475,000 0 0

Salaries
Advertising
Rent
Stationery
Trustees’ honorarium
Audit fee
Cleaning
Postages and telephones
Superannuation fund
Inspection fees
Rates
Exchange
Stamp Duty, N.P.O. cheque accounts
Insurance
Travelling expenses
Motor vehicle expenses
Power
Maintenance
Legal expenses
Bank charges
Bank interest
Collection fees
General expenses
Taxation
Donations
Land and buildings
Buildings alterations
Furniture and fittings
Bookkeeping and accounting machines
Motor vehicle
Cash in hand and at bank 31 March 1962

£

11,982 2 2
2,399 15 1
2,311 11 11
1,683 9 10
1,172 14 0
630 0 0
417 14 2
381 9 0
332 10 10
291 18 0
279 3 4
278 15 3
216 10 0
204 14 2
204 13 11
168 11 9
154 13 8
101 15 8
83 16 10
66 0 0
39 0 0
0 19 0
1,062 14 8
11,820 5 10
1,775 0 0
30,416 18 0
1,422 19 8
1,292 14 11
1,909 1 0
701 5 6
47,815 18 1

£4,089,625 8 0

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1962
Interest credited to depositors' savings bank accounts—

£

Open accounts
Closed accounts
Investment accounts accrued

69,064 6 7
6,479 18 9
6,914 9 11

Charges and administration expenses—
Salaries
Advertising
Rent
Stationery
Trustees' honoraria
Audit fee
Postages and telephones
Cleaning
Interest
Bank charges
Superannuation Fund
Inspection fees
Rates
Travelling expenses
Insurance
Motor vehicle expenses
Power
Maintenance
Legal expenses
Collection fees
General expenses
Depreciation
Net profit before provision for taxation

£

11,950 13 3
2,390 16 0
2,346 5 3
1,725 13 3
1,172 14 0
883 0 0
438 12 11
405 1 10
403 3 0
287 9 9
332 10 10
291 18 0
279 3 4
220 7 7
204 5 10
182 19 9
154 18 6
121 1 2
35 16 6
0 19 0
1,074 2 6

24,901 12 3
1,954 11 4
23,655 8 5

Provision for taxation
Net profit for year

£

11,827 10 6
11,827 17 11

Interest—
New Zealand Government
New Zealand Short Term Investment Ltd.
Australia and New Zealand Bank Ltd.: Fixed
Deposit

£

80,018 7 8
7,130 0 10
3,774 4 10

Local body stock
Mortgages
Commissions
Mortgage inspection fees
Rent

£

8,368 17 5
20,352 19 1
2,131 6 3
628 19 0
565 12 2

£122,970 7 3

THE NEW ZEALAND GAZETTE

Net Profit before provision for taxation..

£

23,655 8 5

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1962
Provision for donations
Local body premium
Balance to Reserve Fund

£

4,000 0 0
1 7 5
10,683 13 3

£14,685 0 8

Balance transferred from Profit and Loss Account
Investment stock discount
Over-provision for donations, 1961

£

11,827 17 11
2,632 2 9
225 0 0

£14,685 0 8

BALANCE SHEET AS AT 31 MARCH 1962
Depositors' balances—
Savings bank accounts
Thrift club accounts

£

2,526,959 7 11
243,185 5 8

Investment Accounts 368,760 0 0
Accrued Interest 6,914 9 11
Total liability to depositors 3,145,819 3 6
Other liabilities—
Sundry creditors 1,790 9 0
Amounts owing to other trustee savings banks 6,586 16 10
Provision for £ s. d. taxation 11,827 10 6
Lcss Provisional tax paid 5,910 0 7
5,917 9 11
Provision for Donations 4,000 0 0
Total other liabilities 18,294 15 9
Total of liabilities and provisions 3,164,113 19 3
Capital reserve: Donated furniture 340 0 0
Reserve Fund—
Balance, 31 March 1961 8,190 1 2
Add balance, Appropriation Account 10,683 13 3
18,873 14 5
Commitments in respect of mortgage advances £137,920.
There is an additional liability for 1963 provisional taxation of £11,827 10s. 6d.

£3,183,327 13 8

Current assets—
Cash in hand and at bankers
Fixed deposit, Australia and New Zealand Bank Ltd.
Stamp duty prepaid
Accrued interest—
New Zealand Government stock
New Zealand Short Term Investments Ltd.
Australia and New Zealand Bank Ltd.: Fixed Deposit
Local body stock
Mortgages
Commissions accrued
Inspection fees accrued
Rent accrued
Amount owing by other trustee savings banks
Total current assets

£

47,815 18 1
135,000 0 0
216 10 0
22,722 0 6
1,795 13 6
1,255 13 6
3,710 10 2
438 1 6
161 14 0
178 17 2
1,134 3 0
214,429 1 5

Investments (at face value)—
New Zealand Government inscribed stock 1,573,885 10 1
New Zealand Short Term Investments Ltd. (Government stock) 110,000 0 0
Local body stock and debentures 251,051 13 0
Mortgages 641,310 0 0
Total investments 2,576,247 3 1
Total of current assets and investments 2,790,676 4 6
Investment Account Securities—
New Zealand Government inscribed stock 375,674 9 11
Total of current assets, investments, and securities 3,166,350 14 5

1443