7 OCTOBER THE NEW ZEALAND GAZETTE 1761

Fixed assets—
Fixtures, fittings, office
equipment, altera-
tions, leasehold im-
provements at cost £ s. d. £ s. d.
8,093 1 7
Less depreciation 1,828 11 1
Total fixed assets .. 6,264 10 6
£1,527,502 8 10

E. A. MILLWARD, President.
G. I. C. McDOUALL, Manager.

We, the undersigned, being the auditors of the Wanganui 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 1965. (3) The 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 Wanganui Savings Bank’s
affairs as at 31 March 1965, and of the results of its business for
the year ended on that date.

SILK, MASON AND CO., Auditors.

26 May 1965. 6354

MANAWATU - WAIRARAPA SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965
Interest—
Credited to depositors .. .. .. £ £
28,333
Accrued .. .. .. 13,623 41,956
Advertising .. .. .. 2,671
Printing and stationery .. .. .. 1,928
Salaries .. .. .. 8,408
Property expenses—
Mortgage interest and repairs .. .. .. 1,822
Rent .. .. .. 2,296
Other administration expenses .. .. .. 4,054 21,179
Depreciation .. .. .. 1,707
Profit before taxation – carried down .. .. .. 2,437
£67,279

Taxation 1965—
Provisional tax payment .. .. .. £ £
287
Balance due .. .. .. 499 786
Taxation underprovided 1964 .. .. .. 226
Net profit transferred to Reserve Fund .. .. .. 1,425
£2,437

Interest on Investments—
Received .. .. .. £ £
45,515
Accrued .. .. .. 17,690 63,205
Brokerage and commissions .. .. .. 2,527
Rentals .. .. .. 1,547
£67,279

Profit before taxation .. .. .. £ 2,437
£2,437

BALANCE SHEET AS AT 31 MARCH 1965
Depositors’ Balances—
Savings bank .. .. .. £ £
971,743
Thrift clubs .. .. .. 164,389 1,136,132
Investment accounts .. .. .. 683,403
Add Accrued interest .. .. .. 13,623 697,026
1,833,158
Other Liabilities—
Provision for taxation .. .. .. 499
499
Bank overdraft .. .. .. 14,964
Mortgages .. .. .. 29,500
Sundry creditors .. .. .. 3,396 47,860

Reserve Fund—
Balance 31 March 1964 .. .. .. £ £
576
Add net profit .. .. .. 1,425 2,001
£1,883,518

Capital Commitments—Office machines — Leasehold Improvements, £3,309.

Current Assets—
Cash in hand and at bank .. .. .. £ £
108,187
Fixed deposits .. .. .. 25,000 133,187
Interest accrued on investments .. .. .. 17,690
Owing by other trustee banks .. .. .. 224
Sundry debtors .. .. .. 239 18,153

Investments at Cost—
New Zealand Government stock .. .. .. 1,661,000
Local authority securities .. .. .. 33,860 1,694,860

Fixed Assets—
Land and buildings at cost .. .. .. 29,581
Accumulated depreciation .. .. .. 101 29,480
Office machines, furniture, etc. at cost .. .. .. 4,847
Accumulated depreciation .. .. .. 938 3,909
Leasehold improvements at cost .. .. .. 3,341
Accumulated depreciation .. .. .. 560 2,781
Motor vehicles at cost .. .. .. 1,276
Accumulated depreciation .. .. .. 128 1,148
Lease .. .. .. .. .. .. ..
£1,883,518

J. E. GREENSLADE, President.
G. N. McDERMOTT, Manager.

The above balance sheet and attached profit and loss account
are in agreement with the books which, in my opinion, have been
properly kept. We obtained the information and explanations we
required. In my opinion the above balance sheet and profit and
loss account comply with the Trustee Savings Banks Act 1948,
in the manner authorised for trustee savings banks. On such basis,
they give, in my opinion, a true and fair view of the state of affairs
and of the profit of the bank.

D. T. SPRING, Public Accountant, Auditor.

Palmerston North, 27 May 1965. 6355

WELLINGTON DISTRICT SAVINGS BANK

INCOME AND SURPLUS ACCOUNT FOR THE PERIOD ENDED
31 MARCH 1965
Interest—
Credited to depositors £ s. d. £ s. d.
3,330 8 9
Accrued 2,429 4 6 5,759 13 3
Administration Expenses—
Advertising 2,672 10 5
Auditors fees and expenses 350 0 0
Depreciation 225 2 6
Printing and stationery 1,519 11 11
Rent 1,399 5 0
Salaries 4,873 4 1
Trustees fees 1,744 15 6 12,784 9 5
£18,544 2 8

Investment income—
Interest received and accrued—
Fixed deposits £ s. d. £ s. d.
93 19 5
Government stock 8,752 14 7
Mortgages 67 2 8
Commissions received and accrued 1,338 15 0
Sundry income 40 2 3 10,292 13 11
Net cost of operations to date transferred to establishment account.. 8,251 8 9
£18,544 2 8

BALANCE SHEET AS AT 31 MARCH 1965
Depositors’ balances—
Savings bank £ s. d. £ s. d.
360,332 8 3
Thrift club 44,161 4 5
Investment accounts 180,470 0 0
Total depositors’ balances 584,963 12 8