7 OCTOBER
THE NEW ZEALAND GAZETTE
1759

Goodwill of leases .. £ 6,505 s. d. 0 0
Less depreciation 1,983 0 0
4,522 0 0
82,946 0 0
£9,606,201 6 8

Contingent liabilities—
Mortgage commitments £35,302.
1966 provisional taxation £27,831.
Architect’s fees

L. C. REID, President.
S. R. McROBIE, Manager.

We, the undersigned, being the auditors of the Waikato Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Bank Act 1948, report that: (a) We have examined the books, accounts, and vouchers of the bank, and have received all the information and explanations required. (b) We have verified the cash, investments, securities, and assets of the bank as at 31 March 1965. (c) The Manager has certified that, to the best of his knowledge and belief, all requirements of the Trustee Savings Bank 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 Waikato Savings Bank’s affairs as at 31 March 1965, and of the results of its business for the year ended on that date, and in conformity with generally accepted accounting principles applied on the basis consistent with that of the preceding year.

FISHER, DAY, AND CO., Public Accountants, Auditors.
Hamilton, 10 May 1965.
6352

HAWKE’S BAY AND GISBORNE SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965

Interest on depositors closed accounts .. £ 13,210 s. d. 6 5
Interest on depositors open accounts .. 41,132 18 8
Accrued interest on depositors investment accounts 16,642 8 8

Total interest accrued and credited to depositors .. 70,985 13 9
Trustees fees .. 774 15 0
Management Expenses— £ s. d.
Salaries .. 12,380 16 7
Superannuation contributions 637 10 2
Maintenance and repairs 370 5 3
Rent .. 1,134 5 3
Rates and insurance .. 624 10 5
Other management expenses .. 12,491 6 3
Total management expenses.. 27,638 13 11
Depreciation—
Buildings (freehold) .. 217 10 0
Buildings alterations (leasehold) 385 12 3
Furniture and fittings 540 11 9
Office machinery .. 524 18 6
Motor vehicles .. 265 15 9
Total depreciation .. 1,934 8 3
Provision for taxation .. 8,042 0 4
Net profit .. 9,122 3 7
£118,497 14 10

Interest on New Zealand Government stock .. £ 96,687 s. d. 18 11
Interest on local body stock .. 4,211 17 8
Interest on mortgages .. 8,542 12 11
Interest on fixed deposits .. 2,412 1 0
Interest on National Provident Fund .. 696 11 0

Total interest on investments .. 112,551 1 6
Rent .. 1,481 18 0
Commission .. 3,676 15 4
Mortgage inspection fees .. 788 0 0
£118,497 14 10

BALANCE SHEET AS AT 31 MARCH 1965

Depositors’ Balances— £ s. d. £ s. d.
Savings bank accounts .. 2,230,136 13 10
Investment accounts .. 974,774 2 6
Thrift club accounts .. 163,432 5 5
Total liability to depositors .. 3,368,343 1 9
Current Liabilities—
Accrued interest on investment accounts .. 16,642 8 8
Bank overdraft .. 2,734 13 10
Provision for donations .. 1,750 0 0
Provision for taxation £ s. d. 8,042 0 4

Less provisional tax paid £ s. d. 5,350 0 0
2,692 0 4
Sundry creditors .. 2,952 9 4
Total current liabilities .. 26,771 12 2
Term Liabilities—
Mortgages .. 26,650 0 0
Staff Superannuation Fund 1,434 1 5
Total term liabilities .. 28,084 1 5
Reserve Fund—
Balance 31 March 1964 .. 7,004 13 0
Add balance Appropriation Account 31 March 1965 .. 7,557 3 7
14,561 16 7
£3,437,760 11 11

Current Assets— £ s. d. £ s. d.
Cash Resources—
Fixed deposits .. 90,000 0 0
Cash at branches and bank .. 122,048 11 10
Interest due and accrued on investments .. 34,272 13 7
Sundry debtors .. 517 10 0
Prepayments .. 150 0 0
246,988 15 5

Investments (at cost)—
New Zealand Government inscribed stock .. 2,696,722 5 0
Mortgages .. 334,864 0 0
Local authority securities .. 118,300 0 0
3,149,886 5 0

Total current assets and investments .. 3,396,875 0 5

Fixed Assets (at cost less depreciation)—
Land and buildings (freehold) £ s. d. 31,934 11 6
Less depreciation .. 255 0 0
31,679 11 6
Leasehold premises .. 1,741 12 0
Less depreciation .. 332 12 0
1,409 0 0
Furniture and fittings .. 4,235 7 10
Less depreciation .. 891 7 10
3,344 0 0
Office machinery 3,663 4 9
Less depreciation .. 334 4 9
3,329 0 0
Motor vehicles .. 1,389 15 9
Less depreciation .. 265 15 9
1,124 0 0
Total fixed assets .. 40,885 11 6
£3,437,760 11 11

NOTE—Commitments in respect of mortgage advances total £132,556.

W. E. BATE, President.
G. L. COOK, General Manager.

I, the undersigned, being the auditor of the Hawke’s Bay and Gisborne 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 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 accompanying balance sheet and statements of income and surplus present fairly the financial position of Hawke’s Bay and Gisborne Savings Bank at 31 March 1965 and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on the basis consistent with that of the preceding year.

HUGH A. A. BAIRD, Auditor.
Hastings, 19 May 1965.
6351

TARANAKI SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965

Interest credited to depositors .. £ 265,697
Interest credited to Staff Provident Fund .. 1,325
Charges and administration expenses .. 54,310