30 AUGUST THE NEW ZEALAND GAZETTE 1445

Current Assets—
Cash on hand and at bankers on current account .. .. .. 380,114
Fixed deposits .. .. .. 250,000
Interest due and accrued investments .. 57,780
Total current assets .. .. ———— 687,894
Investments (at par value)—
New Zealand Government inscribed stock .. .. .. 3,258,921
Local body debentures .. .. .. 108,432
First mortgage on freehold property .. 2,989,467
Total investments .. .. ———— 6,356,820
Total current assets and investments .. 7,044,714
Investment Account Securities—
New Zealand Government inscribed stock .. .. .. 166,614
National Savings securities—
New Zealand Government inscribed stock .. .. .. 700,000
Cash in hand and at bankers .. .. .. 5,066
Total securing National Savings depositors .. .. ———— 705,066

Total current assets, investments, and securities  ..    ..    7,916,394

Fixed assets (at cost less depreciation)—
Premises and property .. .. .. 92,684
Furniture and fittings (etc.) .. .. .. 13,838
Total fixed assets .. .. ———— 106,522

£8,022,916

R. BARCLAY, President.
E. A. EVANS, General Manager.
W. A. DICKSON, Accountant.

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 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.

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.

New Plymouth, 3 May 1962.

WYNYARD AND RIDLAND,
Public Accountants and Auditors.

1309

——————————————————————————————————

SOUTHLAND SAVINGS BANK

RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31 MARCH 1962

Receipts

Cash on hand and at banks, 1 April 1961 .. £ 215,450 s. d. 6 11
Deposits—
Savings bank accounts .. .. 12,332,820 5 9
Thrift club accounts .. .. 16,695 1 10
National Savings accounts .. .. 15,099 1 1
Branch remittances .. .. 2,831,868 2 11
Other trustee savings banks .. .. 19,497 5 9
Cheque book sales .. .. 4,013 0 0
Commission .. .. 2,459 7 5
Exchanges, fines, and forms .. .. 720 8 10
Interest—
New Zealand Government stock .. .. 200,271 1 4
Local body stock and debentures .. .. 107,226 4 0
Mortgages .. .. 103,046 7 0
Other investments .. .. 30,103 19 1
Principal—
Local Body stock and debentures .. .. 77,512 5 9
Mortgages .. .. 179,946 8 7
Other investments .. .. 606,000 0 0
Miscellaneous receipts .. .. 1,506 19 1
Rents .. .. 474 3 4
Travellers’ cheques sales .. .. 32,092 19 8
Valuation fees .. .. 902 0 0

£16,777,705 8 4

Payments

Withdrawals—
Savings bank accounts .. .. 12,193,241 6 1
Thrift club accounts .. .. 16,443 9 8
National Savings accounts .. .. 43,573 3 8
Branch remittances .. .. 2,887,537 18 4
Buildings, property, equipment, etc. .. .. 5,885 18 8
Exchanges .. .. 712 18 9
Fuel, light, and cleaning .. .. 918 10 3
Insurance .. .. 656 10 3

Investments—
Local body stock and debentures .. .. 34,450 0 0
Mortgages .. .. 281,766 10 0
New Zealand Government stock .. .. 151,763 15 4
Other investments .. .. 595,000 0 0
Local body loans: Clients’ applications .. .. 91,274 3 9
Miscellaneous payments .. .. 18,447 1 5
Other trustee savings banks .. .. 6,655 14 0
Perusal fees .. .. 113 4 0
Postages, telephones, and tolls .. .. 1,235 8 4
Printing, stationery, and advertising .. .. 4,829 15 8
Rent paid .. .. 130 0 0
Repairs and maintenance .. .. 907 6 2
Salaries, fees, etc. .. .. 46,734 17 11
Stamp duty .. .. 5,107 15 0
Sundry charges .. .. 1,475 13 10
Taxation .. .. 52,457 8 11
Travelling and relieving expenses .. .. 1,233 9 2
Travellers’ cheques sales .. .. 32,011 0 9
Cash in hand and at banks, 31 March 1962 .. .. 313,142 8 5

£16,777,705 8 4

BALANCE SHEET AS AT 31 MARCH 1962

Current Liabilities—
Depositors’ balances—
Savings bank accounts £ 10,491,491 s. d. 15 4
Thrift club accounts 11,339 14 7
———————— 10,502,831 9 11
National Savings accounts .. .. 279,565 7 4
Other liabilities—
National Savings Interest Account 7,488 10 4
Mortgage interest rebates provision . 1,415 5 1
Provision for donations 6,500 0 0
Provision for taxation 55,915 18 10
———————— 71,319 14 3
Total liabilities and provisions .. .. 10,853,716 11 6
Reserve Fund—
Balance at 1 April 1962 394,564 14 9
Add Investment 4,692 0 11
Fluctuation Account
Add Profit and Loss Appropriation Account 50,530 11 6
———————— 449,787 7 2

£11,303,503 18 8

Current assets—
Cash in hand and at banks £ 315,228 s. d. 13 3
National Bank of New Zealand Ltd.: Fixed deposits .. .. 555,000 0 0
———————— 870,228 13 3
Branch remittances in transit .. .. 4,967 12 5
Interest due and accrued on investments .. .. 116,256 19 6
Sundry debtors: Valuation fees .. .. 89 14 6
———————— 121,314 6 5
Investments—
New Zealand Government stock 4,835,375 0 0
New Zealand Government stock: National Development Loan 452,135 0 0
Local body stock and debentures 2,507,451 17 2
Mortgages 2,154,904 8 11
———————— 9,949,866 6 1
National Savings securities (New Zealand Government stock) .. .. 291,000 0 0

Total of current assets and investments .. .. 11,232,409 5 9
Fixed Assets at cost less depreciation—
Buildings 50,020 4 1
Add additions 4,008 16 4
———————— 54,029 0 5
Less depreciation 1,601 2 6
———————— 52,427 17 11