7 OCTOBER
THE NEW ZEALAND GAZETTE
1765

Rent .. .. £ s. d. £ s. d.
Repairs and maintenance .. 420 5 0
Salaries, fees, etc. .. 2,876 14 1
Sundry charges .. 71,095 19 2
Superannuation .. 4,926 6 11
Travelling and relieving expenses .. 8,329 9 7
Trustees honoraria .. 2,228 14 7
1,335 15 0
114,735 1 4

Depreciation—
Buildings .. 3,480 8 0
Furniture and fittings .. 3,641 18 0
Ledger posting machines .. 2,073 12 0
Office machines .. 93 6 0
9,289 4 0

Provision for taxation .. .. 76,079 3 0
Net profit transferred to Profit and Loss Appropriation Account .. .. 72,876 12 10
£662,642 5 8

Interest on investments— £ s. d. £ s. d.
National Bank of New Zealand – fixed deposit .. 16,800 0 0
National Provident Fund deposits .. 15,092 19 9
New Zealand Government stock .. 307,257 6 4
New Zealand Government stock: National Development Loan .. 10,109 8 10
Local body securities .. 140,085 13 5
Mortgages .. 154,656 18 3
644,002 6 7

Interest on National Savings securities .. .. 8,533 1 11
Commissions .. .. 6,938 3 5
Exchanges, fines, and forms .. .. 126 10 3
Rents .. .. 2,188 12 6
Valuation fees .. .. 853 11 0
£662,642 5 8

BALANCE SHEET AS AT 31 MARCH 1965

Current liabilities— £ s. d. £ s. d.
Depositors’ balances—
Savings bank accounts 13,179,565 10 6
Thrift club accounts 14,445 6 4
Investment accounts 1,017,687 0 0
14,211,697 16 10

National Savings accounts .. 220,862 1 2

Other liabilities—
Investment accounts interest accrued .. 22,797 11 3
National Savings interest accrued .. 5,610 11 6
Mortgage interest rebates provision .. 1,756 19 10
Provision for taxation .. 76,079 11 6
Provision for donations .. 15,000 0 0
Civic project fund .. 4,000 0 0
125,244 14 1

Total liabilities and provisions .. .. 14,557,804 12 1

Reserve Fund—
Balance at 1 April 1964 578,854 5 5
Add Investment Fluctuation account .. ..
Add capital profit, sale of property, .. 119 3 9
Add balance from Profit and Loss Appropriation Account 57,876 12 10
636,850 2 0
£15,194,654 14 1

Current assets— £ s. d. £ s. d.
Cash in hand and at banks 381,381 11 10
National Bank of New Zealand fixed deposit 480,000 0 0
National Provident Fund call deposits .. 300,000 0 0
1,161,381 11 10

Branch remittances in transit .. 10,818 17 7
Interest due and accrued on investments .. 148,134 2 10
Sundry debtors .. 179 2 6
159,132 2 11

Investments (cost or face value, whichever lower)—

Investment Account £ s. d. £ s. d.
securities (New Zealand Government stock) 1,017,687 0 0
New Zealand Government stock .. 6,153,423 0 0
New Zealand Government stock, National Development Loan 269,585 0 0
Local body securities.. 3,037,395 19 6
Mortgages .. 2,942,857 3 10
13,420,948 3 4

National Savings securities .. .. 232,000 0 0

Total current assets and investments .. .. 14,973,461 18 1

Fixed assets at cost, less depreciation—
Buildings .. 129,559 7 2
Add additions .. 33,217 6 10
162,776 14 0
Less depreciation .. 3,480 8 0
159,296 6 0

Furniture and fittings 11,723 11 7
Add additions .. 12,359 15 7
24,083 7 2
Less depreciation .. 3,641 18 0
20,441 9 2

Ledger posting machines 9,590 14 3
Add additions .. 1,310 8 0
10,901 2 3
Less depreciation .. 2,073 12 0
8,827 10 3

Office machines 335 2 4
Add additions .. 371 0 0
706 2 4
Less depreciation .. 93 6 0
612 16 4

Property .. 18,582 3 9
Add additions .. 14,055 15 6
32,637 19 3
Less sold .. 623 5 0
32,014 14 3
£15,194,654 14 1

J. M. McCROSTIE, President.
J. T. SHAW, General Manager.

We, the undersigned, being the auditors of the Southland 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 give respectively a true and fair view of the state of the Southland Savings Bank’s affairs as at 31 March 1965 and of the results of its business for the year ended on that date, in conformity with generally accepted accounting principles and applied on a basis consistent with that of the preceding year.

HENDERSON, ADAM AND CO., Auditors.
Invercargill, 26 April 1965.
6361

THE COMMERCIAL BANK SAVINGS BANK (N.Z.) LTD.

PROFIT AND LOSS ACCOUNT FOR THE NINE MONTHS ENDED 30 JUNE 1965

Interest to depositors .. .. .. £(N.Z.) 39,939
Management and operating expenses.. .. .. 14,850
Provision for taxation .. .. .. 3,154
Net profit for the period .. .. .. 4,234
£62,177

Income from— £(N.Z.)
New Zealand Government stock and local authority securities .. .. .. 60,788
Mortgages and other loans .. .. .. 1,179
Other sources .. .. .. 210
£62,177