1390
THE NEW ZEALAND GAZETTE
No. 51

Investments—
New Zealand Government stock 459,158
Local authority securities 4,810
———— 463,968
Securities—
Investment Account securities
New Zealand Government stock 303,842
Total current assets, investments,
and securities ———— 819,755

Fixed assets—
Land and buildings at cost 29,290
Less depreciation 15
———— 29,275
Office machines, furniture, etc. at
cost 1,161
Less depreciation 120
———— 1,041
Leasehold improvements at cost 885
Less depreciation 92
———— 793
Lease at cost 250
Less written off 42
———— 208
———— 31,317
———— £851,072

J. E. GREENSLADE, President.
G. N. McDERMOTT, Manager.

I, the undersigned, being the auditor of the Manawatu 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 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 Manawatu Savings Bank’s affairs as at 31 March 1964, and of the results of its business for the seven months ended on that date.

Palmerston North, 11 May 1964.
3209 D. T. SPRING, Public Accountant, Auditor.

————————————————————————————————————————————————————————————————————————

CANTERBURY SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR YEAR ENDED
31 MARCH 1964

Receipts
£ s. d.
Cash in hand and at bank at 31 March 1963
(depositors’ funds) 86,897 0 4
Deposits 6,198,310 3 6
Interest—
New Zealand Government stock 120,967 15 1
Local body stock 2,728 7 4
Mortgages 8,697 15 9
Short term deposits 3,222 3 4
Bank of New Zealand 1,050 0 0
Commissions and mortgage inspection fees 6,199 5 11
Mortgages repaid 9,795 0 0
New Zealand Government stock sold 33,833 2 6
Short term deposits repaid 195,000 0 0
Rents 3,695 19 10
Bank of New Zealand overdraft (administration
and property) 54,309 10 7
———————— ————————
£6,724,706 4 2

Payments
£ s. d.
Bank of New Zealand overdraft at 31 March
1963 (administration and property) 49,624 17 4
Withdrawals 3,586,655 2 6
Investments—
New Zealand Government stock 1,851,760 0 0
Local body stock 20,000 0 0
Mortgages 620,350 0 0
Short term deposits 255,000 0 0
Advertising 3,220 6 9
Printing and stationery 2,921 11 3
Salaries 13,041 12 1
Interest on property account 5,159 4 6
Administration expenses and other charges 9,047 4 1
Taxes 1,677 2 3
Furniture and fittings 3,922 0 5
Office machines 4,907 8 0
Ledger containers and safes 3,781 10 0
Cash in hand and in bank at 31 March 1964
(depositors’ funds) 293,638 5 0
———————— ————————
£6,724,706 4 2

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED
31 MARCH 1964
£ s. d. £ s. d.
Advertising .. .. .. 3,331 10 4
Printing and stationery .. .. .. 3,039 17 8
Salaries .. .. .. 13,041 12 1
Administration expenses and
other charges .. .. .. 15,215 14 0
Interest to staff provident fund .. .. .. 24 17 6
Depreciation 4,360 15 5
Less depreciation 1963 adjustment .. .. .. 185 0 0
———————— ———————— ————————
4,175 15 5

Interest—
Credited and accrued to depositors 71,507 11 1
Closed accounts and matured
investment accounts 20,959 3 4
Provision for taxation 11,159 16 8
Net profit 11,873 16 5
———————— ———————— ————————
23,033 13 1
———————— ———————— ————————
£154,329 14 6

Brokerage, commissions and mortgage
inspection fees .. .. .. 5,951 15 11
Interest on investments—
New Zealand Government stock .. .. .. 127,380 3 4
Local body stock .. .. .. 3,173 1 10
Bank fixed deposits .. .. .. 1,050 0 0
Short term investments .. .. .. 3,222 3 4
Mortgages .. .. .. 10,127 14 8
Rentals .. .. .. 3,424 15 5
———————— ———————— ————————
£154,329 14 6

BALANCE SHEET AS AT 31 MARCH 1964

Depositors’ balances— £ s. d. £ s. d.
Savings bank 2,731,057 10 4
Thrift clubs 202,602 8 4
Ordinary depositors’
total ———————— ———————— 2,933,659 18 8
Investment accounts 1,353,687 0 0
Add interest accrued 27,081 2 4
———————— ———————— 1,380,768 2 4
———————— ———————— 4,314,428 1 0

Other liabilities—
Mortgages .. .. .. 50,000 0 0
Bank overdraft .. .. .. 54,309 10 7
Sundry creditors .. .. .. 3,824 10 4
Provision for taxation.. 11,159 16 8
Less paid 1,152 0 0
———————— ———————— 10,007 16 8

Owing to other Trustee banks .. .. .. 2,499 11 7
Staff provident fund .. .. .. 1,357 14 11
Provision for donations .. .. .. 2,000 0 0
———————— ———————— 123,999 4 1

Reserve Fund—
Balance 31 March 1963 .. .. .. 1,629 16 6
Premiums due on redemption of Government stock .. .. .. 34,493 2 6
Add balance of appropriation account .. .. .. 9,873 16 5
———————— ———————— 45,996 15 5
———————— ———————— £4,484,424 0 6

Current assets— £ s. d. £ s. d.
Cash in hand and at bankers 293,638 5 0
Interest due and accrued on investments 31,788 4 8
Owing by other trustee banks 842 2 9
Rents due and accrued 279 13 4
Total current assets ———————— ———————— 326,548 5 9

Investments (at face value)—
New Zealand Government stock 1,943,232 0 0
Local body debentures 60,000 0 0
First mortgages 614,705 0 0
Short term deposits 60,000 0 0
Total investments ———————— ———————— 2,677,937 0 0

Total of current assets and investments .. .. .. 3,004,485 5 9