1758
THE NEW ZEALAND GAZETTE
No. 58

Depreciation .. .. .. .. £ 1,123
Provision for taxation .. .. 548
Net profit to Appropriation Account .. .. 1,401
1,949
£50,429

Interest on investments—
New Zealand Government stock .. .. 43,728
Local body securities .. .. 1,594
Mortgages .. .. 230
Post Office Savings Bank .. .. 463
46,015
Commission .. .. .. .. 4,414
£50,429

BALANCE SHEET AS AT 31 MARCH 1965
Current Liabilities—
Depositors’ Balances— £ £
Savings bank accounts .. .. 1,181,291
Investment accounts .. .. 568,220
Thrift club accounts .. .. 70,916
1,820,427
Bank of New Zealand – Administration
Account .. .. .. 9,838
Interest accrued – investment accounts .. 10,880
Sundry creditors .. .. 4,547
25,265
Provisions—
Taxation reserve .. .. .. 548
Reserve Fund—
Balance from Appropriation Account .. .. 1,401
£1,847,641

Current Assets— £ £
Bank of New Zealand .. .. 59,496
Post Office Savings Bank .. .. 20,025
Cash in hand .. .. 4,315
83,836
Remittances in transit .. .. 5,028
Interest and commission accrued .. 26,330
Payments in advance .. .. 708
32,066
Investments—
New Zealand Government stock .. 1,666,000
Local body securities .. .. 41,000
Mortgages (staff) .. .. 15,020
1,722,020
Fixed Assets—
Furniture and fittings .. .. 5,600
Office machinery .. .. 3,632
Alterations – leased premises .. 821
10,053
Less depreciation .. .. 1,123
8,930
Promotion Account—
Less amount written off .. .. 789
£1,847,641

R. L. REEDER, President.
H. D. HUTCHINSON, General Manager.
I, the undersigned, being the auditor of the Bay of Plenty 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 information
and explanations required. (2) I have verified the cash, investments,
securities, and assets of the bank as at 31 March 1965. (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 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 bank’s affairs as at 31 March 1965, and of the results of its
business for the year ended on that date.
R. GALLAGHER, F.P.A.N.Z., Auditor.
Tauranga, 27 April 1965.
6350

WAIKATO SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965
Interest to depositors— £ s. d. £ s. d.
Closed accounts .. .. 48,801 18 3
Open accounts .. .. 157,901 13 4
Accrued on investment ac-
counts .. .. 59,015 2 9
265,718 14 4

Trustees’ honoraria .. 1,367 5 0
Loss on disposal of assets .. 689 0 0
Salaries .. .. 51,694 17 0
Maintenance and repairs .. 1,009 18 5
Rent and rates .. .. 9,996 0 8
Other expenses .. .. 33,067 7 3
97,824 8 4
Depreciation .. .. 11,177 14 8
109,002 3 0
374,720 17 4
Provision for taxation .. 27,830 17 8
Net profit to Appropriation
Account .. .. 28,910 17 9
56,741 15 5
£431,462 12 9

Interest on investments— £ s. d. £ s. d.
A. and N.Z. Bank term
deposit.. .. 4,900 0 0
National Provident Fund .. 7,354 3 1
Government stock .. 262,001 12 0
Local body securities .. 31,647 19 4
Mortgages .. .. 115,812 5 0
421,715 19 5
Commissions, fees, etc. .. .. 6,915 3 10
Rents .. .. 2,805 9 6
Depreciation recovered .. .. 26 0 0
£431,462 12 9

BALANCE SHEET AS AT 31 MARCH 1965
Depositors’ balances— £ s. d. £ s. d.
Savings .. .. 5,921,177 16 9
Thrift .. .. 700,915 12 1
Investments .. .. 2,774,970 0 0
9,397,063 8 10
Accrued interest on Investment Account .. .. 59,015 2 9
9,456,078 11 7
Other liabilities—
Sundry creditors .. 20,014 4 9
Provision for £ s. d.
taxation 27,830 17 8
Less pro-
visional
tax paid 27,602 19 2
227 18 6
Provision for donations .. 7,000 0 0
27,242 3 3
Reserve Fund, 31 March 1964 99,671 18 10
Transferred from Appropria-
tion Account .. .. 23,208 13 0
122,880 11 10
£9,606,201 6 8

Current assets— £ s. d. £ s. d
Cash in hand and at bank.. 181,178 16 3
A. and N.Z. Bank term
deposits .. .. 140,000 0 0
National Provident Fund.. 160,000 0 0
Sundry debtors and pre-
payments .. .. 5,727 5 10
Accrued income .. .. 92,566 2 8
579,472 4 9
Investments (at face value)—
New Zealand Government
stock (Investment Ac-
count securities) .. 2,833,985 2 9
New Zealand Government
stock (current account).. 3,079,574 17 3
5,913,560 0 0
Local body securities .. 2,356,397 0 0
Mortgages .. .. 673,826 1 11
8,943,783 1 11
Fixed assets (at cost less de-
preciation to date)—
Land and £ s. d.
buildings 40,763 18 5
Less dep-
reciation 479 18 5
40,284 0 0
Equipment,
furni-
ture, etc. 58,080 2 8
Less dep-
reciation 19,940 2 8
38,140 0 0