14 MARCH
THE NEW ZEALAND GAZETTE
451

BAY OF PLENTY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966
£
66,204
22,852
———
89,056

Interest—
Interest credited to depositors ..
Interest accrued to depositors ..
———

Charges and administration expenses—
Bank charges
Salaries
Allowances
Rent
Printing and stationery
Travelling and relieving
Advertising for staff
Telephones and tolls
Insurance
Postages
Heating and lighting
Legal expenses
Maintenance contracts
Sundry charges
Cleaning and laundry
Repairs and maintenance
Superannuation
Trustees meeting fees
Audit fees
Advertising and promotion
———
Total charges and administration expenses
Depreciation
Profit before taxation
———
£148,644

£
4,702
5,783
———
£10,485

1967
£
104,088
36,433
———
140,521

£
941
34,866
1,213
7,727
4,904
2,789
255
1,298
367
855
935
139
179
820
1,276
150
1,496
1,413
1,180
9,088
———
71,891
4,505
11,909
———
£228,826

£
5,415
6,494
———
£11,909

1966
£
125,984
6,682
6,665
2,758
864
792
———
143,745
4,899
———
£148,644

£
10,485
———
£10,485

1967
£
172,881
17,283
26,806
3,493
1,359
3,238
———
225,060
3,766
———
£228,826

£
11,909
———
£11,909

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966
£
..
1,500
4,283
———
£5,783

Taxation under-provided 1966
Provision for donations
Balance—to reserve fund
———

1967
£
134
1,500
4,860
———
£6,494

1966
£
5,783
———
£5,783

Profit and loss account
———

1967
£
6,494
———
£6,494

BALANCE SHEET FOR YEAR ENDED 31 MARCH 1967

1966
£
2,349,420
171,433
1,089,888
———
3,610,741

Depositors’ funds—
Savings bank accounts ..
Thrift club accounts
Investment accounts
———

1967
£
3,238,972
199,792
———
3,438,764
1,542,656
———
4,981,420

1966
£
11,910
4,421
1,929
22,852
———
4,154
..
1,500
———
46,766

Other liabilities and provisions—
Bank overdraft: Administration account
Owing to trustee savings banks
Sundry creditors
Interest accrued on investment accounts
———
Provision for taxation
Less paid
———
Provision for donations..
———

1967
£
20,019
5,762
3,332
36,433
———
65,546
5,549
4,837
———
712
1,600
———
67,858

Reserve fund—
Balance at 1 April 1966 ..
Add balance of appropriation account transferred
———
Investment fluctuation account
———

1,401
4,283
———
£3,672,188

5,684
4,860
———
10,544
19,756
———
30,300
£5,079,578

Contingent liabilities—
Mortgages approved but not yet advanced
£139,805

1966
£
68,857
150,000
70,000
———
1,115
..
53,959
951
143
5
———
345,030

Current assets—
Cash in hand and at bankers
Fixed deposits at bankers
Short term investments
———
Remittances in transit
Owing by trustee savings banks
Sundry debtors
Interest due and accrued on investments
Payments in advance
Insurance claim
Passbook wallets in hand
———

1967
£
219,196
70,000
..
———
289,196
1,696
8,885
227
66,819
940
..
———
78,567
367,763

Investments (at face value)—
New Zealand Government stock
Local authority stock and debentures
Mortgages
———

2,837,100
163,240
310,660
———
£3,672,188

3,741,600
330,280
614,565
———
4,686,445

Fixed assets (at cost less depreciation)—
Land and buildings
Furniture and fittings
Office machinery
Alterations leased premises
Motor vehicles
———

7,807
3,902
2,471
1,978
———

4,102
9,509
5,411
3,636
2,712
———
25,370
£5,079,578

P. H. McC. WEBER, President.
H. D. HUTCHINSON, General Manager.

I, the undersigned, being the auditor of the Bay of Plenty 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 information and explanations required. (2) I 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. In my 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 bank’s affairs as at 31 March 1967, and of the results of its business for the year ended on that date

R. GALLAGHER, F.P.A.N.Z., Auditor.

Tauranga, 16 May 1967.

580