1742
THE NEW ZEALAND GAZETTE
No. 71

I, the undersigned, being the auditor of the Hawke’s Bay Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report that: (1) I have examined the books, accounts, and vouchers of the bank, and have received all the information and explanations I have required. (2) I have verified the cash, investments, and assets of the bank as at 31 March 1963. (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 my 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 Hawke’s Bay Savings Bank’s affairs as at 31 March 1963, and of the results of its business for the year ended on that date.

Hastings
856
HUGH A. A. BAIRD, Auditor.

NEW PLYMOUTH SAVINGS BANK

RECEIPTS AND PAYMENTS FOR THE YEAR ENDED
31 MARCH 1963

Receipts

Cash and bank balance .. .. .. £ 385,179 12 5
Deposits received .. .. .. 4,893,038 15 4
Deposits received for National Savings .. 39,586 15 0
Loans and advances repaid .. .. 307,960 5 4
Interest on mortgages and investments .. 316,078 2 2
Inspection fees received .. .. 799 14 9
Refund on account of rates and insurance premiums .. .. .. 35 16 7
Repayment of debentures .. .. 5,633 18 11
Interest received from National Savings Investments .. .. .. 24,418 9 11
Commission on Government stock and sundries .. .. .. 2,950 15 0
Home safes sold .. .. .. 44 0 0
Transfers from Treasury re National Savings .. 100,000 0 0
Rent received .. .. .. 2,402 0 0
Fixed deposits redeemed .. .. 100,000 0 0
Discount on Government stock .. .. 4,806 16 0
£6,182,935 1 5

Payments

Withdrawals .. .. .. .. £ 4,515,428 8 7
Advances made .. .. .. 536,250 0 0
New Zealand Government inscribed stock and Local Authority debentures purchased .. 426,250 0 0
Management, administration charges including salaries, audit fee, and trustees fees .. 32,809 15 6
Bank rates and insurance premiums .. 1,394 0 4
Advertising, printing, and stationery .. 2,630 10 11
Income taxation and social security charges .. 34,632 11 0
Donations .. .. .. 2,380 0 0
Insurance premiums and rates advanced to borrowers .. .. .. 35 8 2
Expenses inspecting and maintaining securities 1,095 4 6
Share earthquake insurance premiums paid to mortgagors .. .. .. 29 17 3
Withdrawals and transfers of National Savings deposits and interest paid to depositors .. 152,242 18 6
Furniture and office plant purchased .. 171 8 0
Bank property purchased .. .. 528 0 0
Investment in National Provident Fund .. 200,000 0 0
Branch transfers in transit .. .. 37 2 6
Cash and bank balances .. .. 277,019 16 2
£6,182,935 1 5

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 MARCH 1963

Interest credited to depositors .. .. £ 207,506
Interest credited to Staff Provident Fund .. .. 1,095
Charges and administration expenses .. .. 37,436
Depreciation .. .. .. 4,023
Provision for taxation .. .. 41,800
Net profit transferred to Profit and Loss Appropriation Account .. .. .. 41,579
£333,439

Interest on investments .. .. .. £ 327,086
Commissions, rents, sundry receipts, and refunds .. 6,353
£333,439

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1963

Donations .. .. .. .. £ 2,380
Balance transferred to Reserve Fund .. .. 53,911
£56,291

Special depreciation adjustment .. .. .. £ 40
Taxation reserve balance .. .. .. 555
Discount on purchase of Government stock .. 14,117
Net profit .. .. .. 41,579
£56,291

BALANCE SHEET AS AT 31 MARCH 1963

Depositors’ balances—
Savings bank department .. .. £ 6,730,030
Thrift club accounts .. .. 111,540
Home lay-by accounts .. .. 256,364
7,097,934
Investment accounts .. .. 411,305
Add accrued interest .. .. 7,185
418,490
National Savings depositors’ total .. 604,726
Add National Savings Interest Suspense Account .. .. 11,102
615,828
Total liability to depositors .. .. 8,132,252
Other liabilities—
Staff Provident Fund .. .. 22,878
Provision for taxation .. .. 41,800
64,678
Total of liabilities and provisions .. .. 8,196,930
Reserve Fund—
Balance, 1 April .. .. 329,259
Add balance, appropriation accounts 53,911
383,170
£8,580,100

Current assets—
Cash on hand and at bankers on current account .. .. £ 261,229
National Provident Fund investments 200,000
Fixed deposits .. .. 150,000
Interest due and accrued on investments 68,475
679,704

Investments (at par value)—
New Zealand Government inscribed stock .. .. .. 3,442,605
Local Authority debentures.. .. 102,799
First mortgage on freehold property .. 3,217,756
6,763,160
Total current assets and investments .. .. 7,442,864

Investment Account securities—
New Zealand Government inscribed stock .. .. .. 418,490

National Savings securities—
New Zealand Government inscribed stock .. .. .. 600,000
Cash in hand and at bankers .. 15,828
615,828

Total current assets, investments, and securities .. .. 8,477,182

Fixed assets (at cost less depreciation)—
Premises and property .. .. 92,070
Furniture and fittings, etc. .. .. 10,848
102,918
£8,580,100

Contingent liability—
Subsidies on home lay-by accounts

H. E. BLENNERHASSETT, 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 1963. (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.

WYNYARD, RIDLAND, AND GLASGOW,
Public Accountants and Auditors.

New Plymouth, 7 May 1963.
858