450
THE NEW ZEALAND GAZETTE
No. 14

Auditors’ Report

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 1967. (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 1967, 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.

Auckland, 26 April 1967.

582

WAIKATO SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966
£
246,800 Interest to depositors ..
70,761 Interest accrued on investment ..

317,561
1,658 Trustees’ honoraria ..
68,456 Management expenses—
Salaries ..
1,462 Maintenance ..
13,649 Rent and rates ..
221 Mortgage valuation fees ..

13,511 Depreciation ..
1,433 Loss on realisation or disposal ..
11,168 Advertising ..
7,340 Stationery ..
2,463 Loss on demolition, building ..
.. Loss on sale of Government stock
23,909 Other expenses ..
24,259 Provision for taxation ..
36,126 Net profit to profit and loss appropriation account ..

£523,216

1966
£
327,269 Interest on—
Government stock ..
119,346 Mortgages ..
34,890 Local body securities ..
11,775 Fixed deposits ..
7,399 National Provident Fund ..
.. Short term investments ..

500,679 Total interest ..
250 Profit on sale of lease ..
7,556 Commissions, fees, etc. ..
1,706 Rent received ..
25 Depreciation recovered ..
13,000 Capital profit from purchase of Government stock ..

£523,216

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966
£
7,000 Provision for donations ..
29,526 Balance to reserve fund ..

£36,526

1966
£
36,126 Net profit from profit and loss account
400 Donations provision balance

£36,526

1967
£
277,993
90,850

368,843
1,603
99,018
2,565
17,635
404

16,214
363
11,591
9,983
2,410
31,840
12,508
12,170

£587,147

1967
£
378,739
139,527
35,766
12,056
7,338
1,199

574,625
990
9,069
2,402
61
..

£587,147

1967
£
5,000
7,170

£12,170

1967
£
12,170
..

£12,170

BALANCE SHEET AS AT 31 MARCH 1967

1966
£
6,777,004 Depositors’ balances—
809,586 Savings bank accounts
3,263,825 Thrift club accounts

10,850,415 Investment accounts
70,761 Accrued interest on investment ..

10,921,176 Total depositors’ balances ..
-3,571 Provision for taxation (paid in advance for 1968) ..
7,000 Provision for donations
12,731 Sundry creditors ..

16,160

122,881 Reserve fund—
Balance at 1 April 1966 ..
29,526 Plus profit and loss appropriation balance ..

152,407
£11,089,743
£274,645 Capital commitments—
Mortgages approved but not advanced

1967
£
7,439,344
964,729
3,846,680

12,250,753
90,850

12,341,603
-11,750
5,000
21,887

15,137

152,406
7,170

159,576
£12,516,316
£199,856

1966
£
13,738 Cash in hand and at bank ..
340,000 Fixed deposit ..
160,000 National Provident Fund
6,761 Sundry debtors ..
112,290 Accrued income ..
7,213,710 New Zealand Government stock—
Face value ..
Cost price ..

2,469,674 Mortgage advances ..
674,284 Local body securities ..
45,149 Land and buildings (at cost less depreciation to date) ..
Less depreciation ..

44,690 Equipment, fittings, machines, etc. (at cost less depreciation to date) ..
Less depreciation ..

9,447 Goodwill (at cost less depreciation to date) ..
Less depreciation ..

£11,089,743

1967
£
.. .. 172,746
.. .. 340,000
.. .. 160,000
.. .. 11,242
.. .. 121,413
7,314,210
738,750

8,052,960
2,826,169
719,140
46,647
1,994

44,653
102,325
41,797

60,528
11,825
4,360

7,465
£12,516,316

D. ROGERS, 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 Banks 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 1967. (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 1967, 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.

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

Hamilton, 15 May 1967.

588