Furniture and fittings
6,863 1 10
Add additions
179 0 7
7,042 2 5
Less depreciation ..
1,396 18 0
Ledger posting
machines
4,861 12 3
Add additions ..
1,609 0 0
6,470 12 3
Less depreciation ..
1,292 8 0
Office machines
566 7 6
Add additions ..
84 10 0
650 17 6
Less sold
4 7 2
646 10 4
Less depreciation ..
127 8 0
Property ..
7,323 4 0
Add additions ..
1 0 0
£11,303,503 18 8
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1962
Interest credited to depositors—
Savings bank accounts—
Open
269,446 19 5
Closed
8,408 18 3
National Savings accounts—
Open ..
9,939 14 5
Closed
136 1 11
Charges and management
expenses—
Cleaning ..
47 7 7
Earthquake damage insurance
2 9 6
Fuel and light
906 0 2
Insurance
645 5 9
Perusal fees
113 4 0
Postages, telephones, and tolls
1,208 12 10
Printing, stationery, and ad-
vertising
4,888 17 6
Rent
130 0 0
Repairs and maintenance
864 19 5
Salaries, fees, etc. ..
46,730 0 10
Sundry charges
1,396 7 7
Superannuation
2,820 2 7
Travelling and relieving
expenses
1,317 0 5
Depreciation—
Buildings
1,601 2 6
Furniture and fittings
1,396 18 0
Ledger posting machines
1,292 8 0
Office machines
127 8 0
Provision for taxation
Net profit transferred to Profit
and Loss Appropriation
Account
57,030 11 6
£466,366 0 6
Interest on investments—
Local body stock and de-
bentures
109,099 13 11
Mortgages
117,177 5 9
New Zealand Government
stock ..
189,891 1 4
New Zealand Government
stock: National Develop-
ment Loan
16,712 5 1
National Bank of New
Zealand Ltd.: Fixed de-
posit .. ..
18,776 8 11
Interest on National Savings
securities
10,449 13 2
Depreciation recovered
5 12 10
Commission
3,116 17 10
Exchanges, fines, and forms
10 9 10
Rent
474 3 4
Valuation fees
652 8 6
£466,366 0 6
1446
THE NEW ZEALAND GAZETTE
No. 55
£ s. d.
£ s. d.
5,645 4 5
5,178 4 3
519 2 4
7,324 4 0
277,855 17 8
10,075 16 4
61,070 8 2
4,417 16 6
55,915 10 4
451,656 15 0
PROFIT AND LOSS APPROPRIATION ACCOUNT 31 MARCH 1962
£ s. d.
Provision for donations
.. .. .. .. 6,500 0 0
Balance to Reserve Fund
.. .. .. .. 50,530 11 6
£57,030 11 6
£ s. d.
Balance from Profit and Loss Account .. .. 57,030 11 6
£57,030 11 6
R. M. STRANG, President.
J. T. SHAW, General Manager.
We, the undersigned, being the auditors of the Southland 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 the 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 Southland Savings Bank's affairs
as at 31 March 1962, and of the results of its business for the
year ended on that date.
HENDERSON, ADAMS, AND CO., Auditors.
J. G. HENDERSON, B.COM., F.R.A.N.Z., A.C.I.S.
W. T. ADAM, A.P.A.N.Z., Auditors.
Invercargill, 26th April 1962.
1308
DUNEDIN SAVINGS BANK
RECEIPTS AND PAYMENTS FOR YEAR ENDED 31 MARCH 1962
Receipts
£ s. d.
Balance, 1 April 1961
.. .. .. .. 369,630 18 4
Lodged by—
Depositors
.. .. .. .. 5,719,996 17 4
Depositors for National Savings investment
accounts
.. .. .. .. 279,119 6 9
Loan interest
.. .. .. .. 181,447 11 10
Debenture interest
.. .. .. .. 210,410 16 10
Bank interest
.. .. .. .. 8,855 18 0
National Savings interest
.. .. .. .. 45,994 9 11
Loans repaid
.. .. .. .. 270,397 10 2
Debentures repaid
.. .. .. .. 44,276 3 9
Refunds, commissions, fines, etc.
.. .. .. .. 4,170 0 3
Rents
.. .. .. .. 7,679 9 9
Tenants' rates
.. .. .. .. 1,461 9 11
Staff Provident Fund
.. .. .. .. 1,918 4 1
Received on behalf of other trustee savings
banks
.. .. .. .. 62,931 0 5
Received from investors in Government stock
.. .. .. .. 88,185 4 0
Received from investors in local body stock
and debentures
.. .. .. .. 19,200 0 0
Sales of travellers' cheques
.. .. .. .. 7,087 19 10
Tax deductions, PAYE
.. .. .. .. 7,413 11 7
£7,330,176 12 9
Balance, 1 April 1962
.. .. .. .. £458,903 11 8
Payments
Withdrawn by—
Depositors
.. .. .. .. £5,536,362 11 3
Depositors from National Savings investment
accounts
.. .. .. .. 290,638 16 9
Charges
.. .. .. .. 71,487 18 0
Income and social security taxes
.. .. .. .. 30,000 0 0
Loans granted
.. .. .. .. 468,517 4 5
Debentures purchased
.. .. .. .. 272,650 0 0
Grants
.. .. .. .. 6,000 0 0
Office furniture, etc.
.. .. .. .. 3,864 17 8
Land and buildings
.. .. .. .. 1,698 8 6
Staff Provident Funds
.. .. .. .. 1,816 6 2
Paid on behalf of other trustee savings banks
.. .. .. .. 64,975 11 5
Proceeds of sales of Government stock
.. .. .. .. 88,185 4 0
Proceeds of sales of local body stock and deben-
tures
.. .. .. .. 19,200 0 0
Proceeds of sales of travellers' cheques
.. .. .. .. 7,068 16 11
PAYE tax deductions paid to Inland Revenue
Department
.. .. .. .. 7,413 11 7
Tenants' rates
.. .. .. .. 1,393 14 5
Balance
.. .. .. .. £458,903 11 8
£7,330,176 12 9