Loan interest ... ... ... ... 202,760 7 11 Loans repaid ... ... ... ... 327,989 15 2 Debenture interest ... ... ... 286,132 8 10 Debentures repaid ... ... ... 66,066 18 7 Received from investors in Government stock 53,265 10 0 Received from investors in local body stock and debentures ... ... ... 11,600 0 0 Received on behalf of other trustee savings banks ... ... ... 128,630 16 3 Rents ... ... ... ... 7,818 8 1 Tenants' rates ... ... ... 1,779 13 9 Sales of travellers' cheques ... ... 7,583 15 9 Tax deductions PAYE ... ... ... 7,582 1 10 Refunds, commissions, etc. ... 7,391 6 4 Staff Provident Funds ... ... 2,052 3 11 Bank interest ... ... ... 8,857 17 0 National Provident Fund ... ... 48,800 0 0 National Savings interest ... ... 46,167 8 6 £9,452,420 7 0 Balance ... ... ... ... 371,694 18 0 Payments Withdrawn by— Depositors ... ... ... ... 7,077,833 15 6 Depositors from National Savings investment accounts ... ... ... 302,442 16 1 Loans granted ... ... ... ... 637,803 5 0 Debentures purchased ... ... ... 660,251 0 0 Proceeds of sales of Government stock...54,465 10 0 Proceeds of sales of local body stock and debentures ... ... ... 11,600 0 0 Paid on behalf of other trustee savings banks .. 130,168 10 7 Proceeds of sales of travellers' cheques .. 7,562 9 1 Office furniture, etc. ... ... 2,709 10 0 Charges ... ... ... ... 78,287 8 8 Land and buildings ... ... ... 1,714 19 8 Grants ... ... ... ... 8,400 0 0 Tenants' rates ... ... ... 1,878 16 1 Staff Provident Funds ... ... ... 369 18 3 Income and social security taxes ... 48,855 8 3 PAYE deductions paid to Inland Revenue Department ... ... ... 7,582 1 10 National Provident Fund ... ... ... 48,800 0 0 Balance ... ... ... ... 371,694 18 0 £9,452,420 7 0 PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1964 Interest credited to depositors— £ s. d. £ s. d. Open accounts ... ... 269,807 5 1 Closed accounts ... ... 19,719 14 6 Credited and accrued on investment accounts ... 20,597 15 8 Interest and suspensory free deposits credited to home lay-by accounts ... 2,442 1 10 312,566 17 1 Interest on Staff Provident Funds ... ... 3,236 18 8 Charges and administration expenses ... ... ... 82,353 19 9 Depreciation— Buildings ... ... 6,279 5 5 Office furniture, etc. ... 4,903 4 6 11,182 9 11 Provision for taxation ... ... 60,739 10 8 Profit and Loss Appropriation Account: Net profit ... ... 58,894 8 4 £528,974 4 5 Investment interest ... ... 513,800 2 11 Rents ... ... ... ... 7,761 8 6 Commissions, refunds, fines, etc. ... ... 7,412 13 0 £528,974 4 5 BALANCE SHEET AS AT 31 MARCH 1964 Depositors' balances— £ s. d. £ s. d. Savings bank department 9,786,043 13 2 Thrift Club Accounts ... 273,808 17 10 Special Purpose Accounts 333,313 9 6 Home Lay-by Accounts 69,209 14 2 Investment Accounts ... 701,325 0 0 Ordinary and Investment Account depositors' total ... 11,163,700 14 8 National Savings Depositors' balances ... 1,227,319 8 10 Add National Savings Interest Suspense Account ... 20,301 9 10 1,247,620 18 8 Total liability to depositors ... 12,411,321 13 4 Other liabilities and credit balances— Sundry creditors ... 504 14 2 Owing to other trustee savings banks ... 2,391 4 1 Staff Provident Funds ... 71,080 18 5 Accrued interest, Investment Accounts ... 13,579 0 9 Provision for taxation ... 60,739 9 8 Provision for grants ... 20,000 0 0 Provision for suspensory free deposits on home lay-by accounts ... 1,000 0 0 Reserve Fund Account ... Current assets— Cash in hand and at bankers ... 351,393 8 2 Fixed deposits ... 200,000 0 0 National Provident Fund 217,440 6 1 768,833 14 3 Interest due and accrued on investments, etc. ... 113,696 11 5 Owing by other trustee savings banks ... 2,062,18 11 Rents due and accrued ... 143 5 6 Total current assets ... Investments— New Zealand Government inscribed stock ... 5,224,101 10 5 Local body debentures ... 759,497 10 4 First mortgages on freehold property ... 4,232,078 2 2 Total of investments ... 10,215,677 2 11 Total of current assets and investments ... 11,100,413 13 0 Securities— Investment account securities— New Zealand Government stock ... 713,904 0 9 National Savings securities— New Zealand Government stock ... 1,227,319 8 10 Cash in hand and at bankers ... 20,301 9 10 Total securing investment accounts and National Savings depositors ... 1,961,524 19 5 Total of current assets, investments, and securities ... 13,061,938 12 5 Fixed assets—at cost less depreciation— Land and buildings ... 136,327 12 9 Office furniture, etc. ... 13,526 0 0 149,853 12 9 £13,211,792 5 2 W. A. FRASER, President. W. G. HILLIKER, General Manager. We, the undersigned, being the auditors of the Dunedin 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 and profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Dunedin Savings Bank's affairs as at 31 March 1964, and of the results of its business for the year ended on that date. J. S. McINNES AND SONS. } Auditors. JAMES BROWN AND CO. Dunedin, 17 April 1964. 3206 SOUTHLAND SAVINGS BANK RECEIPTS AND PAYMENTS FOR YEAR ENDED 31 MARCH 1964 Receipts Cash on hand and at banks, 1 April 1963 ... 426,968 3 11 Deposits— Savings bank accounts ... 16,485,967 13 3 Thrift Club accounts ... 19,277 16 2 Investment accounts ... 415,728 16 0 National Savings accounts ... 9,298 11 11