1386
THE NEW ZEALAND GAZETTE
No. 51

Collection fees on N.P.O. cheques .. .. 122 14 0
Exchange .. .. 391 7 6
General expenses .. .. 1,354 17 8
Insurances .. .. 265 11 5
Interest on O/D .. .. 118 13 9
Legal expenses .. .. 162 5 2
Maintenance .. .. 653 3 3
Meal money .. .. 501 3 0
Mortgage insurance refunds .. .. 5 14 8
Mortgage valuation fees .. .. 506 2 0
Motor vehicle expenses .. .. 716 19 9
Postages and telephones .. .. 1,565 0 10
Power .. .. 457 1 8
Rates .. .. 668 13 6
Rents .. .. 5,410 8 0
Salaries .. .. 32,365 16 7
Signs and displays .. .. 488 17 10
Staff superannuation contributions .. .. 1,486 19 3
Stationery .. .. 6,202 9 7
Travelling expenses .. .. 640 19 3
Trustees’ honorarium .. .. 1,286 8 0
———————————
63,070 13 5
Depreciation .. .. .. 6,118 9 2
Net Profit before provision for taxation .. .. .. 56,285 11 3
———————————
£315,365 0 1
———————————
£ s. d.
Provision for taxation .. .. .. 27,602 10 11
Net profit for year .. .. .. 28,683 0 4
———————————
£56,285 11 3
———————————

Income from investments—
Government stock .. 191,772 18 1
Local Body stock and debentures .. 22,368 3 11
A. and N.Z. Bank Ltd. Term deposits .. 4,566 15 7
National Provident Fund .. 4,821 8 7
Mortgages .. 80,030 11 2
———————————
303,559 17 4
Other Incomes—
Commissions .. 6,939 19 1
Rent .. 2,881 1 4
Mortgage inspection fees .. 1,868 4 0
———————————
11,689 4 5
Depreciation recovered .. .. 115 18 4
———————————
£315,365 0 1
———————————
Net profit before provision for taxation .. .. .. 56,285 11 3
———————————
£56,285 11 3
———————————

BALANCE SHEET AS AT 31 MARCH 1964

Depositors’ balances—
Savings bank accounts .. 4,877,606 11 6
Thrift club accounts .. 532,151 5 9
Investment £ s. d.
Accounts 1,885,230 0 0
Accrued
interest 38,520 0 3
———————————
1,923,750 0 3
Total liability to depositors ——————————— 7,333,507 17 6
Other liabilities—
Sundry creditors .. 3,588 12 9
Amounts owing to other trustee savings banks .. 2,346 18 5
Provision for £ s. d.
taxation 27,602 10 11
Less provisional
tax paid 17,725 0 1
———————————
9,877 10 10
Provision for donations .. 7,000 0 0
Total other liabilities .. ——————————— 22,813 2 0
———————————
Total liabilities and provisions .. .. 7,356,320 19 6
Reserve Fund 31 March 1963 60,550 18 6
Add balance of Appropriation Account .. 39,121 0 4
———————————
99,671 18 10
Contingent Liabilities—mortgage advances, £406,850. 1965 provisional taxation, £27,602. Architect’s fees on proposed new building.
———————————
£7,455,992 18 4
———————————

Current assets—
Cash in hand and at branches £ s. d.
Australia and New Zealand Bank Ltd., term deposit 140,000 0 0
National Provident Fund .. 160,000 0 0
Stamp duty prepaid .. 438 3 8
Amounts owing by other trustee savings banks .. 2,477 0 2
Rent paid in advance .. 121 10 0
Accrued Income—
Interest:
New Zealand Government stock .. 47,333 14 9
Local body stock .. 7,988 15 7
National Provident Fund ..
Australia and New Zealand Bank Ltd. .. 1,447 9 1
Mortgages .. 4,486 15 9
Inspection fees .. 692 0 0
Rent .. 304 15 6
Commissions .. 3 15 0
Total current assets .. ——————————— 459,946 9 10

Investments (at face value)—
New Zealand Government inscribed stock .. 2,680,809 19 9
Local body stock and debentures .. 481,791 8 6
Mortgages .. 1,852,120 0 0
Total investments ——————————— 5,014,721 8 3
Total current assets and investments .. .. 5,474,667 18 1

Investment Account Securities—
New Zealand Government inscribed stock .. 1,923,750 0 3
Total investment account securities .. .. ——————————— 1,923,750 0 3

Total current assets, investments and securities .. .. 7,398,417 18 4

Non current assets (at cost)—
Goodwill of leases .. 1,975 0 0
Less depreciation to date .. 858 0 0
———————————
1,117 0 0

Building alterations .. 4,135 14 0
Less depreciation to date .. 1,291 14 0
———————————
2,844 0 0

Motor vehicles .. 4,212 0 1
Less depreciation to date .. 1,093 0 1
———————————
3,119 0 0

Furniture and fittings .. 12,788 5 2
Less depreciation to date .. 4,364 5 2
———————————
8,424 0 0

Machines .. 10,274 8 6
Less depreciation to date .. 4,095 8 6
———————————
6,179 0 0

Building (Victoria Street) .. 2,666 18 0
Less depreciation to date .. 145 18 0
———————————
2,521 0 0

Building (administration) .. 4,889 7 3
Less depreciation to date .. 122 7 3
———————————
4,767 0 0

Sewerage (new building) .. 140 13 2
Less depreciation to date .. 1 13 2
———————————
139 0 0

Neon Sign .. 516 0 0
Less depreciation to date .. 26 0 0
———————————
490 0 0

Hillcrest cool store .. 250 0 0
Less depreciation to date .. 25 0 0
———————————
225 0 0

Land .. .. 27,750 0 0
———————————
57,575 0 0
———————————
£7,455,992 18 4
———————————

R. WOOLERTON, President.
J. W. BROWN, General Manager.