66 THE NEW ZEALAND GAZETTE No. 2

Current assets—
Cash in hand and at bank .. .. 47,143
Sundry debtors .. .. 186
Owing by other trustee savings banks 5,628
Payments in advance .. .. 652
Accrued income .. .. 27,406
Total current assets .. .. ———— 81,015
Investments (at cost unless otherwise stated)—
Government stock (at valuation) .. 1,509,237
Local authorities stock .. 20,489
Mortgages .. 134,035
Fixed deposits .. 50,000
Total investments .. .. ———— 1,713,761
Fixed assets (at cost less depreciation)—
Furniture and fittings, safes, office machines .. 5,869
Improvements to leasehold premises .. 5,165
Motor vehicles .. 765
Total fixed assets .. .. ———— 11,799
Intangible assets (cost)—
Cost of leases .. .. 1,927
Establishment Account .. .. 27,738
Total intangible assets .. .. ———— 29,665
————
£1,836,240
————

FELIX WOOD, President.
J. W. BROWN, General Manager.

We report that we have audited the books and accounts of the Wellington District Savings Bank for the year ended 31 March 1966, and have received all the information and explanations we have required. In our opinion the accompanying balance sheet and statements of profit and loss present fairly the financial position of the bank at 31 March 1966, 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.

WATKINS, HULL, WHEELER AND JOHNSTON, Auditors.
23 May 1966.

2371

WESTLAND SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1966
Interest to—
Depositors .. .. .. .. 28,345
Investments .. .. .. .. 6,109
———— 34,454
Trustees fees .. .. .. .. 382
Management expenses—
Salaries and wages .. .. 7,820
Maintenance and repairs .. 1,326
Rent and rates .. .. 439
———— 9,585
Depreciation .. .. .. .. 1,285
Administration costs .. .. 4,965
Provision for taxation .. .. 4,979
Net profit .. .. .. .. 6,125
————
£61,775
————

Interest on—
Deposits .. .. .. .. 1,768
Government stock .. .. 30,961
Local body debentures .. 1,312
Mortgages .. .. .. 24,618
———— 58,659
Commission, fees, etc. .. .. 601
Rent .. .. .. .. 2,515
————
£61,775
————

BALANCE SHEET AS AT 31 MARCH 1966
Depositors balances—
Savings .. .. .. .. 986,355
Thrift .. .. .. .. 20,921
School .. .. .. .. 4,854
Investments .. .. .. 211,238
———— 1,223,368
Interest accrued .. .. .. 4,594
Provision for taxation .. .. 4,979
Provision for donations .. .. 1,750
Sundry creditors .. .. .. 927
Reserve fund .. .. .. .. 100,119
————
£1,335,737
————

Cash on hand and in transit .. .. 16,273
Fixed deposits .. .. .. 43,695
Interest accrued .. .. .. 9,682
Government stock at cost .. .. 704,946
Local body securities at nominal value .. 27,295
Mortgages .. .. .. 467,027
Land and buildings at cost .. 61,842
Additions .. .. .. 4,404
———— 66,246
Depreciation to date .. .. 1,876
———— 64,370
Furniture and fittings (depreciated value) .. 1,088
Additions .. .. .. 1,973
———— 3,061
Depreciation .. .. .. 612
———— 2,449
————
£1,335,737
————

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

I, the undersigned, being the auditor of Westland Savings Bank, appointed in terms of section 29 (3) of the Trustees Savings 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 1966. (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 statement of income and surplus present fairly the financial position of Westland Savings Bank at 31 March 1966, and the result of its operations for the year 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.

2372

CANTERBURY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1966
Interest to depositors—
Credited to depositors at 31 March 1966 .. 163,508
Closed accounts and matured investment accounts .. 64,131
Accrued on investment accounts .. .. 81,641
Other charges—
Trustees’ fees .. .. .. .. 1,322
Salaries and wages .. .. .. 60,189
Maintenance and repairs .. .. 3,852
Rent and rates .. .. .. 5,832
Depreciation .. .. .. .. 9,303
Loss on realisation of assets .. .. 2
Advertising .. .. .. .. 15,300
Printing and stationery .. .. 12,214
Interest to staff provident fund .. .. 314
Administration expenses and other charges .. 27,619
————
£
Provision for taxation .. .. .. 33,263
Net profit .. .. .. .. 33,717
————
66,980
————
£512,207
————

Interest on investments
Fixed deposits at bankers .. .. 7,000
New Zealand Government stock .. 328,858
Local authorities stock .. .. 17,138
Mortgages .. .. .. .. 134,910
Other income—
Rents received .. .. .. .. 4,285
Interest on short term investments .. 11,091
Commissions, fees, etc. .. .. 8,925
————
£512,207
————

BALANCE SHEET AS AT 31 MARCH 1966
Depositors’ balances—
Savings bank .. .. .. 6,226,121
Thrift clubs .. .. .. 722,363
————
Ordinary depositors’ total .. .. 6,948,484
Investment accounts .. .. 3,569,235
Add Interest accrued .. .. 81,641
————
3,650,876
————
10,599,360
Other liabilities—
Staff provident fund .. .. 9,593
Provision for taxation .. 33,263
Less paid .. .. .. 28,699
————
4,564