31 OCTOBER
THE NEW ZEALAND GAZETTE
1743

CANTERBURY SAVINGS BANK

RECEIPTS AND PAYMENTS FOR EIGHT MONTHS ENDED
31 MARCH 1963

Receipts

Deposits .. .. .. .. £2,054,783 13 0
Interest—
Government stock .. .. 10,061 5 3
Local Authority stock and mortgages .. 1,016 15 9
Bank of New Zealand .. .. 175 0 0
Commissions .. .. .. 3,719 17 9
Mortgages repaid .. .. 50 0 0
Rents .. .. .. 673 14 2
Donations towards opening .. .. 269 3 0
Proceeds sale of fittings .. .. 211 10 9
Mortgages .. .. .. 50,000 0 0
Bank of New Zealand overdraft (administration and property) .. .. .. 49,624 17 4
———————————————————
£2,170,585 17 0

Payments

Withdrawals .. .. .. .. £463,409 13 8
Investments—
New Zealand Government stock .. 1,471,580 0 0
Local Authority stock and mortgages .. 44,200 0 0
Advertising .. .. .. 3,027 13 0
Printing and stationery .. .. 1,466 18 3
Salaries .. .. .. 3,736 14 4
Building alterations and architects’ fees—Hereford Street and Colombo Street properties 1,174 18 10
Interest on property account .. 1,602 11 0
Administration expenses and other charges .. 2,644 16 11
Furniture and fittings .. .. 1,733 7 8
Land and buildings .. .. 89,112 3 0
Cash in hand, and in bank at 31 March 1963 (Depositors’ funds) .. .. .. 86,897 0 4
———————————————————
£2,170,585 17 0

PROFIT AND LOSS ACCOUNT FOR EIGHT MONTHS ENDED
31 MARCH 1963

Advertising .. .. .. £2,758 10 0
Printing and stationery .. .. 1,466 18 3
Salaries .. .. .. 3,736 14 4
Building alterations Hereford Street and Colombo Street .. .. 1,174 18 10
Administration expenses and other charges .. .. .. 4,492 3 11
———————————————————
13,629 5 4

Depreciation—
Security equipment .. .. 65 18 0
Furniture and fittings .. 283 13 4
Lift .. .. .. 449 4 0
Building .. .. .. 335 4 7
Office machines .. .. 638 11 10
Heating system .. .. 185 0 0
Lino .. .. .. 15 2 0
———————————————————
1,972 13 9

Interest—
Credited to depositors .. 15,485 6 10
Accrued on investment accounts 6,437 5 8
———————————————————
21,922 12 6

Provision for taxation .. .. 525 2 3
Net profit (transferred to Reserve fund) .. .. .. 1,629 16 6
———————————————————
2,154 18 9
———————————————————
£39,679 10 4

Brokerage and commission—
Received .. .. .. £3,719 17 9
Accrued .. .. .. 247 10 0
———————————————————
£3,967 7 9

Interest on investments—
Received .. .. .. 11,253 1 0
Accrued .. .. .. 23,501 3 0
———————————————————
34,754 4 0
Rentals .. .. .. .. 957 18 7
———————————————————
£39,679 10 4

BALANCE SHEET AS AT 31 MARCH 1963

Depositors’ balances—
Savings bank .. .. £1,153,304 1 3
Thrift clubs .. .. 17,351 6 0
———————————————————
£1,170,655 7 3
Investment accounts .. 439,148 2 7
Add interest accrued 6,437 5 8
———————————————————
445,585 8 3
———————————————————
£1,616,240 15 6

Other liabilities—
Mortgages .. .. £50,000 0 0
Bank overdraft .. 49,624 17 4
Sundry creditors .. 3,055 5 3
Provision for taxation .. 525 2 3
———————————————————
£103,205 4 10

Reserve Fund—
Premiums due on redemption of Government stock .. 27,920 0 0
Add net profit .. 1,629 16 6
———————————————————
£29,549 16 6
———————————————————
£1,748,995 16 10

Current assets—
Cash in hand and at bankers .. £86,897 0 4
Interest accrued on investments .. 23,748 13 0
Owing by other trustee banks .. 2,944 3 8
Rents due and accrued.. 284 4 5
Prepayments .. .. 157 9 3
———————————————————
£114,031 10 8

Investments (at face value)—
New Zealand Government stock .. £1,053,914 11 9
Local Authority debentures and first mortgages 44,150 0 0
———————————————————
£1,098,064 11 9

Total of current assets and investments .. £1,212,097 2 5

Securities—
Investment account securities: New Zealand Government stock .. £445,585 8 3

Total of current assets, investments, and securities .. £1,657,681 10 8

Fixed assets at cost less depreciation—
Land and buildings .. £88,625 10 3
Less depreciation .. 969 8 7
———————————————————
£87,656 1 8

Office machines, furniture, etc. .. £4,661 9 8
Less depreciation .. 1,003 5 2
———————————————————
£3,658 4 6
———————————————————
£91,314 6 2
———————————————————
£1,748,995 16 10

WILLIAM G. V. FERNIE, for President.
F. DICKSON, Manager.

We, the undersigned, being the auditors of the Canterbury Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report that: (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 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 Canterbury Savings Bank’s affairs as at 31 March 1963, and of the results of its business for the year ended on that date.

PICKLES, PERKINS, AND HADLEE,
Public Accountants.

Christchurch, New Zealand, 21 May 1963.

854

HOKITIKA SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR
ENDING 31 MARCH 1963

Receipts

Cash in hand and at bankers, 1 April 1962 .. £70,639 4 4
Amount lodged by depositors .. .. 324,219 18 3
Repayments of mortgages .. .. 64,277 13 2
Repayments of local body debentures .. 2,121 18 11
Transfers by other savings banks .. .. 3,264 7 1
PAYE taxation .. .. .. 559 6 4