**THE NEW ZEALAND GAZETTE**

**No. 58**

**WESTLAND SAVINGS BANK**

**PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965**

Interest to depositors
25,672 6 6

Interest to investments
1,918 14 2

Trustees' fees
...

Management expenses—
Salaries and wages
5,359 9 4
Maintenance and repairs
667 14 0
Rent and rates
306 19 9

Depreciation
...

Administration costs
...

Provision for taxation
471 2 3
Taxation under provided 1964
34 19 11

Net profit
9,078 18 3

£48,175 15 9

Interest on—
Deposits
1,067 11 11
Government stock
22,433 15 11
Local body debentures
1,191 9 8
Mortgages
20,377 13 9
Taxation prepayment
60 0 10

Profit on sale of building
...

Commissions, fees, etc.
...

Rents
1,976 13 4

**BALANCE SHEET AS AT 31 MARCH 1965**

Depositors’ balances—
Savings
929,222 12 6
Thrift
17,043 1 6
School
4,679 15 1
Investments
75,733 0 0

Interest accrued
1,387 14 10
Provision for taxation
471 2 3
Provision for donations
1,000 0 0
Sundry creditors
1,620 1 0
Reserve fund
95,644 1 10

Cash on hand, at bank, and in transit
39,512 9 9
Fixed deposits
63,000 0 0
Interest accrued
6,631 5 9
Government stock at cost
518,221 14 7
Local body securities at nominal value
24,254 3 5
Mortgage
413,349 3 5

Land and buildings at cost
61,842 9 9
Depreciation to date
1,203 9 9
60,639 0 0
Equipment, furniture, etc. (depreciated value)
1,360 0 0
Depreciation
272 0 0

Taxation prepaid
...

Rent accrued
...

_£1,126,801 9 0_

**SOUTHLAND SAVINGS BANK**

**PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965**

Interest credited to depositors
Savings bank accounts—
Open
336,337 16 11
Closed
11,266 5 6
347,604 2 5

Investment accounts credited and accrued
...

National Savings accounts—
Open
7,540 19 7
Closed
148 5 4
7,689 4 11

Charges and administration expenses—
Cleaning
162 5 4
Earthquake damage insurance
124 3 2
Fuel and light
1,466 5 11
Insurance
1,807 9 2
Perusal fees
162 19 0
Postages, telephones, and tolls
2,593 14 8
Printing, stationery, and advertising
17,204 19 9

E. E. McMILLAN, President.
W. G. HILLIKER, General Manager.

We, the undersigned, being the auditors of the Otago 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 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 present fairly the financial position of the Otago 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 a basis consistent with that of the preceding year.

JAMES BROWN AND CO. Auditors.
J. S. McINNES AND SONS }
Dunedin, 23 April 1965.
6359

West Coast development allowance has been claimed and allowed by the Inland Revenue Department on the new Hokitika building.

W. G. BRYANT, President.
J. J. LESLIE, Manager.

I, the undersigned, being the auditor of Hokitika 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 explanations and information I have required.
(2) I 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, in the matter, all the 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 Westland 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.

W. J. GUTBERLET, F.P.A.N.Z., F.I.A.N.Z., Auditor.
6360