1740
THE NEW ZEALAND GAZETTE
No. 71

Commissions .. .. .. £ 4,076 3 7
Mortgage inspection fees .. .. .. 1,156 16 0
Rent .. .. .. 2,167 6 8
Sale of A7 motor vehicle .. .. .. 527 0 0
Stamp duty on N.P.O. cheques .. .. .. 43 12 2
£5,665,415 5 4

Payments
Withdrawals—
Savings .. .. .. £ 3,054,897 11 8
Thrift .. .. .. 443,024 3 2
Investment .. .. .. 96,507 13 6
Investments—
New Zealand Government stock .. .. 978,500 0 0
Local Authority stock .. .. .. 116,100 0 0
Mortgages .. .. .. 614,120 0 0
New Zealand Short Term Investments Ltd. .. 45,000 0 0
National Provident Fund .. .. .. 65,000 0 0
Salaries .. .. .. 19,738 12 11
Rent .. .. .. 3,434 15 6
Advertising .. .. .. 3,137 18 8
Stationery .. .. .. 3,025 7 5
Trustees honorarium .. .. .. 1,146 3 0
Staff Superannuation Fund .. .. .. 941 12 1
Postages and telephones .. .. .. 931 6 2
Bank interest .. .. .. 859 14 0
Travelling expenses .. .. .. 792 0 10
General expenses .. .. .. 767 6 5
Audit fee .. .. .. 750 0 0
Signwriting and displays .. .. .. 600 3 0
Rates .. .. .. 589 2 7
Cleaning .. .. .. 581 7 0
Motor vehicle expenses .. .. .. 543 4 1
Inspection fees .. .. .. 457 16 0
Agency commission .. .. .. 354 11 11
Maintenance .. .. .. 308 18 4
Meal money .. .. .. 291 10 0
Power .. .. .. 267 17 6
Insurance .. .. .. 261 6 8
Exchanges .. .. .. 243 3 3
New branch promotion expenses .. .. .. 142 0 11
Associated Trustee Savings Banks—Levy and subscription .. .. .. 119 0 0
Bank charges .. .. .. 112 19 0
Legal expenses .. .. .. 51 11 6
Collection fees on society cheques .. .. .. 49 3 6
Stamp duty on society cheques .. .. .. 50 0 0
Taxation .. .. .. 16,816 0 5
Donations .. .. .. 3,255 0 0
Australia and New Zealand Bank Ltd., building account .. .. .. 22,000 0 0
Building alterations .. .. .. 541 12 1
Furniture and fittings .. .. .. 1,867 10 3
Accounting machines .. .. .. 444 12 0
Motor vehicles .. .. .. 2,024 8 11
Goodwill .. .. .. 1,075 0 0
Cash in hand and at bankers, 31 March 1963 .. 163,693 1 1
£5,665,415 5 4

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1963
Interest credited to depositors’ accounts— £ s. d. £ s. d.
Open accounts .. .. 88,066 3 0
Closed accounts .. .. 9,798 2 7
Investment accounts accrued .. 16,380 5 1
114,244 10 8
Charges and administration expenses—
Salaries .. .. .. 19,606 18 2
Rent .. .. .. 3,434 15 6
Advertising .. .. .. 3,150 18 11
Stationery .. .. .. 3,146 13 4
Trustees honorarium .. .. 1,146 3 0
Adult fee .. .. .. 1,100 0 0
Superannuation fund .. .. 941 12 1
Travelling expenses .. .. 834 9 1
Postages and telephones .. 933 16 5
Rates .. .. .. 653 5 11
Signs and displays .. .. 620 18 0
Cleaning .. .. .. 596 7 0
Motor vehicle expenses .. 584 14 7
Interest .. .. .. 515 6 0
Valuation fees .. .. .. 457 16 0
Agents’ commissions .. .. 396 3 8
Meal money .. .. .. 291 10 0
Maintenance .. .. .. 334 14 8
Power .. .. .. 275 0 6
Insurance .. .. .. 261 10 8
Bank charges .. .. .. 356 2 3
Loss on sale of vehicle .. 104 1 10
Collection fees .. .. .. 49 3 6
New branch promotion expenses 177 6 1
Legal expenses .. .. .. 47 7 6
Subscription and levy: Associated Trustee Savings Banks .. 119 0 0
General expenses .. .. .. 808 18 5
40,944 13 1

Depreciation .. .. .. £ 3,069 2 9
Net profit before provision for taxation .. .. .. 36,352 14 8
£194,611 1 2

Provision for taxation .. .. .. 17,725 0 1
Net profit for year .. .. .. 18,627 14 7
£36,352 14 8

Interest—
New Zealand Government stock .. .. £ 116,514 2 0
New Zealand Short Term Investments Ltd. .. 3,881 1 4
Australia and New Zealand Bank Ltd.: Fixed Deposit .. .. .. 4,725 0 0
Local Authority stock and debentures .. 14,563 14 4
National Provident Fund .. .. .. 762 13 5
Mortgages .. .. .. 46,969 0 0
Commissions .. .. .. 3,645 16 1
Mortgage inspection fees .. .. .. 1,486 14 0
Rent .. .. .. 2,063 0 0
£194,611 1 2

Net profit before provision for taxation .. 36,352 14 8
£36,352 14 8

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1963
Provision for donation .. .. .. £ 5,000 0 0
Balance to Reserve Fund .. .. .. 41,677 4 1
£46,677 4 1

Balance transferred from Profit and Loss Account 18,627 14 7
Investment stock discount .. .. .. 26,500 0 0
Overprovision for donations 1962 .. .. 745 0 0
1962 taxation adjustment .. .. .. 464 9 6
Capital reserve transferred .. .. .. 340 0 0
£46,677 4 1

BALANCE SHEET AS AT 31 MARCH 1963
Depositors’ balances— £ s. d. £ s. d.
Savings bank accounts .. 3,592,226 11 3
Thrift club accounts .. 368,535 12 4
Investment £ s. d.
Accounts 932,740 0 0
Accrued
Interest 16,380 5 1
949,120 5 1
Total liabilities to depositors .. .. 4,909,882 8 8
Other liabilities—
Sundry creditors .. .. 4,260 2 5
Amounts owing to other trustee savings banks .. 141 7 8
Provision for £ s. d.
taxation .. 17,725 0 1
Less provisional tax paid .. 11,363 0 0
6,362 0 1
Provision for donations .. .. 5,000 0 0
Total other liabilities .. .. 15,763 10 2
Total of liabilities and provisions .. .. 4,925,645 18 10
Reserve Fund—
Balance 31 March 1962 .. .. 18,873 14 5
Add balance, Appropriation Account .. .. 41,677 4 1
60,550 18 6
Commitments in respect of mortgage advances total £264,600. There is an additional liability for 1964 provisional taxation of £17,725.
£4,986,196 17 4

Current assets— £ s. d. £ s. d.
Cash in hand and at bankers 163,693 1 1
Australia and New Zealand Bank Ltd.: Fixed Deposit.. 135,000 0 0
National Provident Fund .. 65,000 0 0
Stamp duty prepaid .. .. 222 17 10
Accrued income—
Interest—
New Zealand Government stock .. .. 40,625 6 4
Local Authority stock .. 5,223 17 4