62
THE NEW ZEALAND GAZETTE
No. 2

Fixed assets at cost: less depreciation—
£ s. d. £ s. d.
Land and buildings .. 1,334,933 11 1
Furniture and fittings .. 163,062 11 1
Plant .. 6,666 8 0
Office calculating and bookkeeping machines 58,874 14 9
Home safes .. 204 17 8
Motor vehicles .. 13,956 16 10
Passbook wallets .. 1,930 7 8
1,579,629 7 1
£78,702,662 1 0

K. N. BUTTLE, President.
H. J. BARRETT, General Manager.

We, the undersigned, being the auditors of the Auckland 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 1966. (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. (4) In our opinion, the above balance sheet and attached profit and loss account are properly drawn up so as to give respectively a true and fair view of the state of the Auckland Savings Bank’s affairs as at 31 March 1966, and of the results of its business for the year ended on that date.

D. C. O’HALLORAN, B.COM., F.P.A.N.Z.
A. J. POSTLES, A.P.A.N.Z.
} Auditors.

2360

WAIKATO SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1966
£ s. d. £ s. d.
Interest to depositors .. 246,800 8 8
Interest accrued, investment .. 70,760 15 2 317,561 3 10
Trustees’ honoraria .. .. 1,657 17 6
Management expenses—
Salaries .. .. 68,456 2 0
Maintenance .. 1,461 18 10
Rent and rates .. 13,649 1 2
Mortgage valuation fees .. 220 10 0 83,787 12 0
Depreciation .. .. 13,511 6 7
Loss on realisation or disposal.. .. 3,896 0 0
Advertising .. .. 11,167 15 1
Stationery .. .. 7,340 1 4
Other expenses .. .. 23,909 6 8
Provision for taxation .. .. 24,259 0 0
Net profit to Profit and Loss Appropriation Account .. .. 36,126 0 1
£523,216 3 1

Interest on—
£ s. d.
Government stock .. .. 327,269 4 0
Mortgages .. .. 119,346 7 10
Local body securities .. .. 34,889 11 0
Fixed deposits .. .. 11,775 6 8
National Provident Fund .. .. 7,399 0 2
Total interest 500,679 9 8
Profit on purchase, Government stock .. 13,000 0 0
Profit on sale of lease .. 250 0 0
Commissions, fees, etc. .. 7,555 16 5
Rent .. .. 1,705 10 0
Depreciation recovered .. .. 25 7 0
£523,216 3 1

BALANCE SHEET AS AT 31 MARCH 1966
Depositors’ balances— £ s. d. £ s. d.
Savings bank accounts 6,777,004 1 10
Thrift Club accounts 809,585 19 6
Investment accounts 3,263,825 0 0
10,850,415 1 4
Accrued interest on investment depositors .. 70,760 15 2
Total depositors’ balances .. 10,921,175 16 6
Provision for taxation (paid in advance 1967) 3,570 12 8
Provision for donations 7,000 0 0
Sundry creditors .. 12,730 14 1 16,160 1 5
Reserve fund .. .. 152,406 11 11
£11,089,742 9 10

Contingent liabilities— £
Mortgages approved but not advanced .. 274,645
Hamilton Branch alterations .. 6,000

£ s. d. £ s. d.
Cash in hand and at bank .. 18,423 12 10
Fixed deposit .. 340,000 0 0
National Provident Fund .. 160,000 0 0
Accrued income .. 114,365 3 9
New Zealand Government stock at face value .. 7,213,710 0 0
Mortgage advances .. 2,469,674 0 0
Local body securities .. 674,283 13 3
Land and buildings (at cost less depreciation to 31 March 1966).. 46,646 13 5
Less depreciation to date .. 1,497 13 5 45,149 0 0
Equipment, fittings, etc. (at cost less depreciation to 31 March 1966) .. 86,745 5 1
Less depreciation to date .. 32,608 5 1 54,137 0 0
£11,089,742 9 10

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 1966. (c) 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 Waikato Savings Bank’s affairs as at 31 March 1966 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.

Hamilton, 23 May 1966.

FISHER, DAY AND CO., Public Accountants, Auditors.

2369

BAY OF PLENTY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1966
£ £
Interest credited to depositors .. 66,204
Interest accrued to depositors .. 22,852 89,056

Charges and administration expenses—
Salaries and allowances .. 21,483
Rents .. 5,942
Advertising .. 4,413
Promotion expenses .. 1,526
Printing and stationery .. 3,364
Travelling and relieving .. 1,405
Telephones and tolls .. 877
Insurance .. 312
Postages .. 344
Heating and lighting .. 546
Legal expenses .. 101
Maintenance contracts .. 140
Repairs and maintenance .. 26
Sundry charges .. 642
Cleaning and laundry .. 851
Superannuation .. 736
Trustees meetings fees .. 1,477
Audit fees .. 1,050
Bank charges .. 465 45,700
Depreciation .. 3,403
Provision for taxation .. 4,702
Net profit to Appropriation Account .. 5,783 10,485
£148,644

Interest on investments—
£ £
New Zealand Government stock .. 125,984
Local body securities .. 6,682
Mortgages .. 6,665