27 AUGUST

$£
Provision for taxation ... 143
Net profit transferred to reserve fund ... 490
£633

Interest from investments ... 7,573
Other income ... 1,236
£8,809

Profit before taxation brought down ... 633
£633

BALANCE SHEET AS AT 31 MARCH 1964
Depositors balances-
Savings bank ... £369,673
Thrift club ... 7,299
Investment accounts ... 139,280

Total deposits ... £516,252
Accrued interest on investment accounts 1,469
Total depositors funds ... £517,721

Other liabilities-
Sundry creditors ... 1,414
Provision for taxation ... 143

Total other liabilities ... £1,557
Reserve fund ... 490
£519,768

Current assets-
Cash resources ... £31,857
Interest due and accrued on investments;
owing by the savings banks; and stocks of passbooks ... £2,630
Total current assets ... £34,487

Investments (at cost)-
New Zealand Government stock ... £472,000
Local body debentures ... 11,000
Total investments ... £483,000

Fixed assets (at cost less depreciation)-
Furniture, fittings. and office equipment ... £2,281
£519,768

E. A. MILLWARD, President.
G. I. C. McDOUALL, Manager.

We, the undersigned, being the auditors of the Wanganui 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 1964. (3) The general manager has certified that, to the best of his know ledge 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 Wanganui Savings Bank's affairs as at 31 March 1964, and of the results of its business for the year ended on that date.

3213 SILK, JONES, AND MASON, Auditors.

MANAWATU SAVINGS BANK

RECEIPTS AND PAYMENTS ACCOUNT FOR THE SEVEN MONTHS ENDED 31 MARCH 1964

Receipts
Deposits ... £1,145,032
Commission and brokerage received-
Government stock ... 1,740
Local authority ... 13
Insurance payments ... 6
Sale travellers cheques ... 1

Rents received ... 1,760
Interest received-
Government stock ... 15,703
Charges reimbursed ... 37
Donations ... 254
Bank overdraft ... 6,992

Mortgages-
Bank of New Zealand Provident Fund ... 17,500
Bank of New Zealand ... 11,790
£29,290
£1,199,303

Payments
Withdrawals ... £344,586
Promotional expenses ... 982
Charges ... 6,000
New Zealand Government securities ... 763,000
Local authority securities ... 4,810
Land and buildings ... 29,290
Office machines ... 151
Leasehold improvements ... 885
Furniture and fittings ... 1,010
Goodwill ... 250

Balance-
Cash resources-
Post Office Savings Bank investment account ... £10,000
Bank of New Zealand fixed deposit ... 5,000
Bank ... 30,705
Cash in hand ... 2,634
£48,339
£1,199,303

PROFIT AND LOSS ACCOUNT FOR THE SEVEN MONTHS ENDED 31 MARCH 1964

Interest-
Credited to depositors ... £6,179
Accrued ... 5,606
£11,785

Promotional expenses ... 782
Advertising ... 999
Printing and stationery ... 563
Salaries ... 2,623
Other administration expenses ... 2,262
£7,229

Depreciation ... 269
Profit before taxation carried down ... 676
£19,959

Provision for taxation ... 154
Net profit transferred to Appropriation Account ... 522
£676

Interest on investments-
Received ... £15,704
Accrued ... 2,052
£17,756

Brokerage and commission ... 1,941
Rentals ... 262
£19,959

Profit before taxation ... £676
£676

BALANCE SHEET AS AT 31 MARCH 1964

Depositors balances-
Savings bank ... £470,317
Thrift clubs ... 39,367
£509,684

Investment accounts ... 298,236
Add Interest accrued ... 5,606
£303,842
£813,526

Other liabilities-
Bank overdraft ... £6,992
Mortgages ... 29,290
Sundry creditors ... 534
Provision for taxation ... 154
£36,970

Reserve Fund ... 576
£851,072

Capital commitments ... £2,571

Current assets-
Cash in hand and at bankers ... £48,340
Interest accrued on investments ... 2,052
Owing by trustee banks ... 1,296
Sundry debtors ... 257
£51,945