27 AUGUST
THE NEW ZEALAND GAZETTE
1391

Securities—
Investment account securities: New Zealand Government stock .. .. .. 1,380,768 0 0

Total of current assets, investments, and securities .. .. 4,385,253 5 9

Fixed assets (at cost less depreciation)—
Land and buildings .. 88,994 4 5
Less previous depreciation .. 969 8 7
88,024 15 10
Less current depreciation .. 1,540 14 5
86,484 1 5

Office machines, furniture, etc. .. 16,509 19 6
Less previous depreciation .. 1,003 5 2
15,506 14 4
Less current depreciation .. 2,820 1 0
12,686 13 4

99,170 14 9
£4,484,424 0 6

WILLIAM G. V. FERNIE, President.
FRANK DICKSON, General Manager.

We, the undersigned, being the auditors of the Canterbury 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 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 Canterbury Savings Bank’s affairs as at 31 March 1964, and of the results of its business for the period of 12 months ended on that date.

PICKLES, PERKINS, AND HADLEE,
Public Accountants.

Christchurch, New Zealand, 27 May 1964.
3205

HOKITIKA SAVINGS BANK

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDING 31 MARCH 1964

Receipts

Cash in hand and at bankers, 1 April 1963 .. 93,778 10 7
Amount lodged by depositors .. 374,839 7 2
Repayments of mortgages .. 92,258 4 4
Repayments of local body debentures .. 3,609 6 9
Transfers by other savings banks .. 4,885 17 10
PAYE Taxation .. 506 8 11
Government stock .. 19 10 0
Interest received from—
Government securities .. 18,690 5 7
Local body debentures .. 1,375 16 11
Fixed deposits .. 1,391 5 0
Post Office Savings Bank .. 19 1 0
Rents received .. 1,567 10 0
National Provident Fund .. 230 18 8
£593,172 2 9

Payments

Amount withdrawn by depositors .. 280,465 8 5
Invested on mortgages .. 105,499 12 0
Invested in Government stock .. 75,017 10 0
Erection of buildings .. 28,197 2 10
Charges paid .. 6,176 1 2
PAYE taxation .. 506 8 11
Taxation .. 2,455 18 5
Transfers to other savings banks .. 5,062 17 10
Donations made .. 525 10 0
Cash in hand and at bankers, 31 March 1964 .. 89,265 13 2
£593,172 2 9

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1964

Interest credited to depositors .. 23,277 7 0
Interest accrued on investment accounts .. 541 12 2
Charges administration expenses .. 6,777 10 2
Depreciation .. 492 16 1
Provision for taxation .. 3,996 0 7
Net profit to Appropriation Account .. 5,146 5 7
£40,231 11 7

Interest on investments .. 38,709 11 7
Rents, fees, etc. .. 1,522 0 0
£40,231 11 7

BALANCE SHEET AS AT 31 MARCH 1964

Depositors’ balances .. 852,994 6 2
Investment Accounts .. 26,763 0 0
Add accrued interest .. 541 12 2
27,304 12 2
Total liability to depositors .. 880,298 18 4
Other liabilities—
Provision for taxation .. 3,996 0 7
Sundry creditors .. 258 8 10
4,254 9 5
Reserve Fund—
Balance 1 April 1963 .. 83,265 10 0
Add Balance Appropriation Account .. 5,002 3 7
88,267 13 7
£972,821 1 4

Current assets—
Cash in hand and at bankers 89,265 13 2
Interest accrued on investments 4,895 9 9
94,161 2 11

Investments—
New Zealand Government inscribed stock .. 407,332 2 5
Local body debentures .. 26,986 19 2
First mortgages on properties .. 358,868 17 11
793,187 19 6

Securities—
Investment account securities New Zealand Government stock .. 27,304 12 2

Fixed assets at cost less depreciation—
Land and buildings £ s. d.
Additions .. 28,197 2 10
57,415 2 10
Less depreciation .. 279 16 1
57,135 6 9

Furniture and equipment 1,068 0 0
Less depreciation .. 213 0 0
855 0 0
57,990 6 9

Remittances in transit .. 177 0 0
£972,821 1 4

W. G. BRYANT, President.
G. ANDERSON, Manager.

I, the undersigned, being the auditor of Hokitika Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report: (1) I have examined the books, accounts, and vouchers of the bank, and have received all the explanations and information I have required. (2) I have verified the cash, investments, securities, 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 the requirements of the Trustee Savings Banks Act 1948 and regulations thereunder have been complied with. In my opinion the above balance sheet is drawn up so as to exhibit a true and correct view of the state of affairs of the Hokitika Savings Bank according to the best of my information and the explanations given to me, and as shown by the books of the bank.

3208

W. J. GUTBERLET, F.P.A.N.Z., Auditor.

DUNEDIN SAVINGS BANK

RECEIPTS AND PAYMENTS FOR YEAR ENDED 31 MARCH 1964

Receipts

Balance .. 301,583 14 2
Lodged by—
Depositors .. 7,749,342 6 2
Depositors for National Savings Investment accounts .. 187,015 14 9