1388

Loans and advances repaid ... £436,427 19 8
Interest on mortgages and investments ... £378,767 2 10
Inspection fees received ... £922 14 3
Refund on account of rates and insurance premiums ... £32 3 3
Repayment of debentures ... £5,824 11 9
Interest received from National Savings Investments ... £21,405 12 4
Commission on Government stock and sundries ... £4,473,17 5
Home safes sold ... £13 8 0
Transfers from Treasury re National Savings ... £45,000 0 0
Rent received ... £3,039 14 1
Fixed deposits redeemed ... £87,500 0 0
Bank property sold ... £27 0 0
Discount on Government stock ... £1,126 1 0
£7,314,361 14 4

Payments
Withdrawals ... £5,419,329 17 2
Advances made ... £575,485 0 0
New Zealand Government inscribed stock and Local Body debentures purchased ... £650,723 5 0
Management, administration charges including salaries, audit fee, and trustees fees ... £32,660 6 2
Bank rates and insurance premiums ... £1,610 2 3
Advertising, printing, and stationery ... £3,404 1 6
Income taxation and social security charges ... £40,703 19 4
Donations ... £3,410 0 0
Insurance premiums and rates advanced to borrowers ... £36 19 3
Expenses inspecting and maintaining securities ... £1,135 18 6
Share earthquake insurance premiums paid to mortgagors ... £16 16 3
Withdrawals and transfers of National Savings deposits and interest paid to depositors ... £100,584 17 4
Furniture and office plant purchased ... £3,777 9 3
Bank property purchased ... £21,175 9 10
Branch establishment charges ... £1,182 5 9
Investments in National Provident Fund ... £85,000 0 0
Branch transfers in transit ... £41 4 10
Cash and bank balances ... £374,084 2 2
£7,314,361 14 1

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1964
Interest credited to depositors ... £235,034
Interest credited to Staff Provident Fund ... £1,191
Charges and administration expenses ... £38,003
Depreciation ... £4,780
Provision for taxation ... £53,000
Net profit transferred to Profit and Loss Appropriation Account ... £54,213
£386,221

Interest on investments ... £377,676
Commissions, rents, sundry receipts, and refunds ... £8,545
£386,221

BALANCE SHEET AS AT 31 MARCH 1964
Depositors' balances-
Savings bank department ... £7,101,417
Thrift club accounts ... £121,589
Home lay-by accounts ... £252,022
Ordinary depositors' total ... £7,475,028
Investment accounts ... £862,775
Add accrued interest ... £18,176
£880,951
National Savings depositors' total ... £552,195
Add National Savings Interest Suspense Account ... £10,256
£562,451
Total liability to depositors ... £8,918,430
Other liabilities-
Staff Provident Fund ... £26,197
Provision for donations ... £5,000
Provision for taxation ... £53,000
Total other liabilities ... £84,197
Total of liabilities and provisions ... £9,002,627
Reserve Fund-
Balance, 1 April ... £383,170
Add balance, appropriation accounts ... £56,909
£440,079
£9,442,706

1389

Current assets-
Cash in hand and at bankers ... £366,633
National Provident Fund investments ... £285,000
Fixed deposits ... £62,500
Interest due and accrued on investments ... £66,746
Total current assets ... £780,879
Investments (at par value)-
New Zealand Government inscribed stock ... £3,641,074
Local body debentures ... £96,974
First mortgage on freehold property ... £3,357,097
Total investments ... £7,095,145
Total current assets and investments ... £7,876,024
Investment Account securities-
New Zealand Government inscribed stock ... £880,951
National Savings securities-
New Zealand Government inscribed stock ... £555,000
Cash in hand and at bankers ... £7,451
Total securing National Savings depositors ... £562,451
Total current assets, investments, and securities ... £9,319,426
Fixed assets (at cost less depreciation)-
Premises and property ... £111,075
Furniture and fittings, etc. ... £12,205
Total Fixed Assets ... £123,280
£9,442,706
Contingent liability-
Subsidies on home lay-by accounts.

R. C. SAMPSON, President.
E. A. EVANS, General Manager.

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 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 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, 6 May 1964.
3210

WANGANUI SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 31 MARCH 1964

Receipts
Deposits-
Savings ... £508,814
Thrift ... £8,185
Investment ... £139,280
Brokerage ... £1,092
Interest received ... £6,338
Total receipts ... £663,709

Payments
Withdrawals-
Savings ... £142,883
Thrift ... £899
Interest paid ... £166
Government stock ... £472,000
Local body investments ... £11,000
Furniture, fittings, and office equipment ... £1,480
Administration receipts ... £3,424
Cash in hand at bankers, 31 March 1964 ... £31,857
£663,709

PROFIT AND LOSS ACCOUNT FOR THE FIVE MONTH PERIOD ENDED 31 MARCH 1964
Interest credited and accrued to depositors ... £4,509
Administration expenses ... £3,423
Depreciation ... £244
Profit before taxation carried down ... £633
£8,809