27 AUGUST
THE NEW ZEALAND GAZETTE
1387

We, the undersigned, being the auditors of the Waikato Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report that: (a) We have examined the books, accounts, and vouchers of the bank, and have received all the information and explanations required. (b) We have verified the cash, investments, securities, and assets of the bank as at 31 March 1964. (c) 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 and profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Waikato Savings Bank’s affairs as at 31 March 1964, and of the results of its business for the year ended on that date.

GILLING, FISHER, DAY, AND CO.,
Public Accountants and Auditors.
Hamilton, 25 May 1964.
3212

HAWKE’S BAY SAVINGS BANK

STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR YEAR ENDED 31 MARCH 1964

Receipts
£ s. d.
Balance brought forward .. .. .. 13,744 16 9
Savings bank deposits .. .. .. 2,515,750 10 1
Mortgage repayments .. .. .. 195 0 0
New Zealand Government stock refunds .. 10 5 0
National Provident Fund repayments .. 142,000 0 0
Mortgage interest .. .. .. 106 14 11
Bank of New Zealand fixed deposit interest .. 787 10 0
New Zealand Government stock interest .. 49,533 1 9
National Provident Fund interest .. .. 688 13 6
Local authority interest .. .. .. 1,513 2 1
Charges and administration expenses (refunds, etc.) .. .. .. 172 13 0
Rent inwards .. .. .. 652 11 9
Mortgage inspection fees .. .. .. 27 0 0
Commissions received .. .. .. 2,412 12 11
Insurance claim receipt re buildings .. 60 0 0
Mortgages—Napier premises .. .. 30,000 0 0
Interest—Mortgage bank premises .. 350 0 8
H.B.S.B. superannuation fund .. .. 161 5 0
Bank of New Zealand overdraft (administration expenses) .. .. .. 11,057 15 7
£2,769,223 13 0

Payments
£ s. d.
Savings bank withdrawals .. .. .. 1,672,510 17 2
Mortgage investments .. .. .. 8,900 0 0
New Zealand Government stock investments.. 775,425 0 0
Local authority investments .. .. 38,400 0 0
National Provident Fund investments .. 137,000 0 0
Charges and administration expenses .. 11,683 6 11
Commission paid .. .. .. 14 8 1
Land and buildings .. .. .. 30,344 11 6
Interest—Mortgage bank premises .. 296 2 0
Furniture and fittings .. .. .. 148 10 6
Office machinery .. .. .. 2,783 0 10
Taxation .. .. .. 1,634 9 3
Cash in hand and at bank (depositors’ funds) 90,083 6 9
£2,769,223 13 0

We certify that, to the best of our belief, the above statement of cash receipts and payments is correct.

W. E. BATE, President.
G. L. COOK, General Manager.

I hereby certify that, in accordance with the requirements of auditor, I have examined the books and vouchers relating to the above record of receipts and payments and that such is drawn up so as to exhibit a true and correct statement.

HUGH A. A. BAIRD, Auditor.

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1964

£ s. d. £ s. d.
Interest credited and accrued to depositors .. .. .. 34,807 7 0
Charges—
Ordinary .. .. .. 11,605 13 11
Superannuation fund .. 161 5 0 11,766 18 11
Interest on mortgages (premises) .. 583 6 3
Depreciation .. .. .. 1,028 18 11
Provision for taxation .. .. 5,267 0 10
Net profit transferred to Appropriation Account 6,347 10 3
£59,801 2 2

Interest on investments .. .. .. 56,633 5 7
Rent .. .. .. 717 11 9
Commission .. .. .. 2,423 4 10
Mortgage inspection fees .. .. .. 27 0 0
£59,801 2 2

BALANCE SHEET AS AT 31 MARCH 1964

Depositors’ balances—
£ s. d. £ s. d.
Savings bank accounts .. 1,149,005 6 5
Investment accounts .. 394,754 16 11
Thrift club accounts .. 34,056 15 6
Total liability to depositors 1,577,816 18 10
Other current liabilities—
Bank overdraft .. .. 11,057 15 7
Accrued interest on investment accounts .. 7,078 2 10
Provision for £ s. d.
taxation 5,267 0 10
Less provisional tax paid 975 0 0 4,292 0 10
Provision for donations .. 1,000 0 0
Sundry creditors .. 837 4 11 24,265 4 2
Term liabilities—
Mortgages .. .. 30,000 0 0
Staff Superannuation Fund 322 10 0 30,322 10 0
Reserve fund—
Balance 31 March 1963 .. 1,587 9 9
Add balance appropriation account .. 5,417 3 3 7,004 13 0
£1,639,409 6 0

Current assets—
£ s. d. £ s. d.
Cash resources .. .. 90,083 6 9
Interest due and accrued on investments .. 12,520 17 1
Rent accrued .. .. 65 0 0
Commission accrued .. 25 0 0 102,694 3 10
Investments (nominal value)—
New Zealand Government inscribed stock .. 1,391,722 5 0
First mortgages .. .. 11,380 0 0
Local authority securities 54,400 0 0
National Provident Fund 45,000 0 0 1,502,502 5 0
Total current assets and investments .. .. 1,605,196 8 10
Fixed assets (at cost less depreciation)—
Land and buildings .. 30,247 1 6
Alterations (leased premises) 757 11 0
Furniture and fittings .. 964 8 5
Office machinery .. 2,243 16 3 34,212 17 2
£1,639,409 6 0

NOTE—Commitments in respect of mortgage advances total £12,500 0s. 0d.

W. E. BATE, President.
G. L. COOK, General Manager.

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 1964; (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 1964, and of the results of its business for the year ended on that date.

Hastings.
3207

HUGH A. A. BAIRD, Auditor.

NEW PLYMOUTH SAVINGS BANK

RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MARCH 1964

Receipts
£ s. d.
Cash and bank balance .. .. .. 277,019 16 2
Deposits received .. .. .. 6,025,979 9 5
Deposits received for National Savings .. 26,802 4 2