Non-current assets (at cost)—

£ s. d. £ s. d.
Goodwill of lease 900 0 0
Less depreciation to date 180 0 0
Building alterations 1,678 5 5
Less depreciation to date 303 15 3
Furniture and fittings 4,538 5 7
Less depreciation to date 1,411 17 6
Calculating and book-keeping machines 3,064 1 0
Less depreciation to date 1,056 19 0
Motor vehicles 1,715 5 6
Less depreciation to date 354 2 0
Building 2,666 18 0
Less depreciation to date 29 2 6
Land 27,750 0 0
Less Australia and New Zealand Bank Ltd. 22,000 0 0
Total of non-current assets 8,387 15 6

A. R. TOMPKINS, President.
J. W. BROWN, General Manager.

We the undersigned, being the auditors of the Waikato Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report that:

(a) We have examined the books, accounts, and vouchers of the bank, and have received all the information and explanations we have required.

(b) We have verified the cash, investments, securities, and assets of the bank as at 31 March 1962.

(c) 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 and profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Waikato Savings Bank’s affairs as at 31 March 1962, and of the results of its business for the year ended on that date.

GILLING, FISHER, DAY, AND CO., Public Accountants and Auditors.
Hamilton, 14 May 1962.

NEW PLYMOUTH SAVINGS BANK

RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MARCH 1962

Receipts
£ s. d.
Cash and bank balance .. .. .. 337,759 14 8
Deposits received.. .. .. .. 4,447,773 15 7
Deposits received for National Savings .. 52,830 19 11
Loans and advances repaid .. .. 340,016 19 10
Interest on mortgages and investments .. 297,278 0 1
Inspection fees received .. .. .. 639 10 0
Refund on account of rates and insurance premiums .. .. .. 79 6 8

Repayment of debentures .. .. .. 5,446 3 5
Interest received from National Savings Investments .. .. .. 26,231 9 10
Commission on Government stock and sundries 1,842 4 10
Home safes sold .. .. .. 44 0 0
Transfers from Treasury re National Savings .. 39,000 0 0
Rent received .. .. .. 2,460 6 4
Fixed deposits redeemed .. .. ..
Bank property sold .. .. .. 3,386 8 11
Mortgage property sold .. .. ..

Payments
Withdrawals .. .. .. 4,384,900 15 9
Advances made .. .. .. 452,317 10 0
New Zealand Government inscribed stock and local body debentures purchased .. .. 139,100 0 0
Management, administration charges, including salaries, audit fee, and trustees fees .. 31,756 5 1
Bank rates and insurance premiums .. 1,330 17 3
Advertising, printing, and stationery .. 2,859 13 9
Income taxation and social security charges .. 28,486 9 6
Donations .. .. .. 2,090 0 0
Insurance premiums and rates advanced to borrowers .. .. 77 1 7
Expenses inspecting and maintaining securities 176 10 6
Share earthquake insurance premiums paid to mortgagors .. .. 25 17 6
Withdrawals and transfers of National Savings deposits and interest paid to depositors .. 117,975 9 6
Furniture and office plant purchased .. 2,930 19 3
Bank property purchased .. .. 4,493 12 5
Home safes purchased .. .. 470 18 6
Advanced on fixed deposit .. ..
Sundry creditors .. .. ..
Branch transfers .. .. ..
Branch establishment charges .. .. 617 7 1
Cash and bank balances .. .. 385,179 12 5

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1962

Interest credited to depositors .. .. 194,104
Interest credited to Staff Provident Fund .. 1,170
Charges and administration expenses .. 35,875
Depreciation .. .. 4,754
Provision for taxation .. .. 35,500
Net profit transferred to Profit and Loss Appropriation Account .. .. 36,035

Interest on investments .. .. 302,135
Commissions, rents, sundry receipts, and refunds .. 5,303

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1962

Donations .. .. 2,090
Balance transferred to Reserve Fund .. 35,167

Taxation reserve balance .. .. 22
Discount on purchase of Government stock .. 1,200
Net profit .. .. 36,035

BALANCE SHEET AS AT 31 MARCH 1962

Depositors’ balances—
Savings bank department .. .. 6,417,130
Thrift club accounts .. .. 94,878
Home lay-by accounts .. .. 249,645
Ordinary depositors’ total 6,761,653
Investment accounts .. .. 163,550
Add accrued interest .. .. 3,064
National Savings depositors’ total .. 693,025
Add National Savings Interest Suspense Account .. .. 12,041
Total liability to depositors .. 705,066
Other liabilities—
Staff Provident fund .. .. 24,824
Provision for taxation .. .. 35,500
Total other liabilities .. .. 60,324
Total of liabilities and provisions .. 7,693,657

Reserve Fund—
Balance, 1 April .. .. .. 294,092
Add balance appropriation accounts 35,167