AUCKLAND SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965

Dr.

Interest on depositors' closed accounts (net) ... 115,212 14 3
Interest on depositors' open accounts (net) ... 1,635,880 10 6
Accrued interest on depositors' investment accounts 109,283 9 10

Interest on Provident Fund Trustees honoraria ...
Administration expenses— Salaries and wages ... 346,836 1 3 Maintenance and repairs 19,081 4 9 Rates and insurance ... 20,015 11 8 Postages and telephones 10,571 6 1 Heating and lighting ... 6,315 12 8 Stationery ... 32,190 13 3 Advertising ... 22,622 11 1 Cleaning ... 23,529 3 0 Home Lay-by subsidies... 5,341 10 0 Loss on sales - motor vehicles ... 1,132 7 6 Other ... 36,321 9 8
Depreciation on— Buildings ... 43,031 4 2 Furniture and fittings ... 16,705 0 0 Office calculating and bookkeeping machines 12,778 0 0 Home safes ... 25 0 0 Motor vehicles ... 2,504 0 0
Provision for taxation ...
Net profit ...

523,957 10 11
£3,389,869 9 9

Cr.

Interest on— Short term deposits ... 28,759 13 5 National Provident Fund investments ... 12,016 0 3 Bank of New Zealand account ... 43,312 0 6
New Zealand Government inscribed stock 1,814,716 3 11 Local authority securities 414,140 19 10 Mortgages ... 980,772 16 10

Interest on investments Exchange and commissions Safe custody fees Rents ... Surplus interest on National Savings securities Other income
35,425 12 6 163 16 0 47,380 5 4 13,182 1 2

84,087 14 2 3,209,630 0 7 96,151 15 0 £3,389,869 9 9

BALANCE SHEET AS AT 31 MARCH 1965

Depositors' Balances— Savings bank ... 54,045,464 12 10 Home lay-by ... 4,179,926 17 2 Investment accounts ... 5,257,844 2 6 Thrift clubs ... 2,916,971 4 4 School banks ... 257,523 14 4
Ordinary depositors' total ... 66,657,730 11 2 National savings depositors' total ... 2,298,983 1 0 Add: National Savings Interest Suspense Account ... 41,085 9 7 2,340,068 10 7
Other Liabilities— Interest accrued on investment accounts ... 109,283 9 10 Staff Provident Fund ... 495,487 1 6 Provision for taxation ... 467,336 15 9 Provision for donations 100,000 0 0
Total of liabilities and provisions ... 70,169,906 8 10

Reserve Fund— Balance 31 March 1964 ... 3,045,000 0 0 Add: Transfer, Reserve Suspense Account ... 19,950 14 10 Add: Balance of Donations Account ... 19,560 10 0 3,084,511 4 10

Add: Balance, Appropriation Account ... 338,688 15 2 3,423,200 0 0 £73,593,106 8 10

Current Assets

Cash in hand and at bank 1,020,540 10 7 Fixed deposits and money at call ... 1,479,931 9 5 2,500,472 0 0
Cash Resources— Interest due and accrued on investments ... 657,236 15 8 Total current assets ... 3,157,708 15 8
Investments (cost or face value whichever lower)— New Zealand Government inscribed stock 39,424,668 5 0 Local authority securities 8,439,067 19 10 Mortgages ... 18,911,374 5 0 66,775,110 9 10 69,932,819 5 6
National Savings Securities— New Zealand Government inscribed stock (securing National Savings depositors) ... 2,340,068 10 7 72,272,887 16 1
Fixed assets at cost, less depreciation— Land and buildings ... 1,161,681 13 1 Furniture and fittings ... 87,848 8 7 Office calculating and bookkeeping machines 56,225 3 9 Home safes ... 227 17 8 Motor vehicles ... 12,830 3 11 Pass book wallets ... 1,405 5 9 1,320,218 12 9 £73,593,106 8 10

Contingent Liability

Subsidies on home lay-by accounts, £10,000.

K. N. BUTTLE, President.
M. M. N. CORNER, Deputy General Manager.

We, the undersigned, being the auditors of the Auckland 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 1965. (3) The Deputy 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. (4) In our opinion the above balance sheet and attached profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Auckland Savings Bank's affairs as at 31 March 1965, and of the results of its business for the year ended on that date.

D. C. O'HALLORAN, B.COM., F.P.A.N.Z. Auditors.
A. J. POSTLES, A.P.A.N.Z.

BAY OF PLENTY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE 10 MONTHS ENDED 31 MARCH 1965

Interest credited and accrued to depositors ... 29,579
Charges and administration expenses— Salaries and allowances ... ... 8,328 Rents ... ... ... 2,806 Advertising ... ... ... 2,230 Printing and stationery ... ... 1,021 Telephone and tolls ... ... 352 Postages ... ... ... 126 Bank charges ... ... ... 102 Travelling expenses ... ... 1,170 Cleaning and laundry ... ... 337 Insurance ... ... ... 199 Heating and lighting ... ... 192 Legal expenses ... ... ... 135 Sundry expenses ... ... ... 104 Maintenance contract machines ... ... 41 Bad debt - Fowler ... ... 555 Promotion expenses ... ... ... 80 ... ... ... ... ... ... ... ... 17,778