452

HAWKE'S BAY AND GISBORNE SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDING 31 MARCH 1967

1966
£
31,427 Interest on depositors' closed accounts
72,266 Interest on depositors' open accounts
32,445 Accrued interest on depositors' investment
accounts

136,138
49,401 Charges and administration expenses
2,940 Depreciation
17,177 Provision for taxation

205,656
18,257 Net profit

£223,913

∴
18,257 Amortization of goodwill on lease
Transfer to appropriation account

£18,257

1966
£
166,737 Interest on New Zealand Government stock
6,819 Interest on local authority stock
38,984 Interest on mortgages
5,756 Interest on fixed deposits

218,296
1,521 Rent
2,537 Commission
1,559 Mortgage inspection fee

£223,913

18,257 Net profit

£18,257

APPROPRIATION ACCOUNT FOR YEAR ENDING 31 MARCH 1967

1966
£
2,500 Provision for donations
15,757 Balance to general reserve

£18,257

1966
£
18,257 Balance from profit and loss account

£18,257

BALANCE SHEET AS AT 31 MARCH 1967

1966
£
2,879,406 Savings bank accounts
186,071 Thrift accounts
1,559,103 Investment accounts

4,624,580
32,445 Add accrued interest on
investment accounts
4,657,025 Total liability to depositors
Current liabilities—
9,904 Bank overdraft
9,077 Tax paid
2,500 Provision for donations
5,473 Sundry creditors

Owing to other trustee
banks

Term liabilities—
23,650 Mortgages
3,676 Staff superannuation fund

Reserve Fund—
Balance at 31 March
1966
30,319
Add balance appropriation
account 31
March 1967

£4,741,624

THE NEW ZEALAND GAZETTE
No. 14

1966
£
120,000 Cash resources—fixed de-
posits
122,013 Cash in hand and at
bankers
53,421 Interest accrued on invest-
ments

1967
£
37,765
77,723
40,838

156,326
61,350
3,740
11,738

233,154
12,819

£245,973

280
12,539

£12,819

1967
£
178,256
6,428
47,804
9,965

242,453
1,513
1,796
211

1967
£
2,000
10,539

£12,539

1967
£
12,539

4,914,382

16,821

20,650
5,979

26,629

£5,039,528

1966
£
147,328

Current assets—
Cash resources—fixed de-
posits
Cash in hand and at
bankers
Interest accrued on invest-
ments
Owing by other trustee
banks
Tax overpaid
Prepayments

Investments (at cost)—
New Zealand Govern-
ment inscribed stock
Local authority securities
Mortgages

Total current assets and in-
vestments
Fixed assets (at cost less
depreciation)—
Land and buildings
Leasehold improvements
Furniture and fittings
Office machinery
Motor vehicles
Goodwill on lease

£4,741,624

W. E. BATE, President.
G. L. COOK, General Manager.

We, the undersigned, being the auditors of the Hawke's Bay
and Gisborne 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 General Manager has
certified that, to the best of his knowledge and belief, all re-
quirements 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
Hawke's Bay and Gisborne Savings Bank's affairs as at 31 March
1967, and of the results of its business for the year ended on that
date, in conformity with generally accepted accounting principles
applied on the basis consistent with that of the preceding year.

BROWN, WEBB, AND CO.,
Public Accountants.

Hastings, 12 May 1967.

285

TARANAKI SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966
1967
£
£
300,194 Interest credited to depositors
1,445 Interest credited to staff provident
fund
69,641 Charges and administration ex-
penses
5,935 Depreciation
54,300 Provision for taxation
55,209 Net profit transferred to profit and
loss appropriation account

£486,724

1966
£
477,666 Interest on investments
9,058 Commissions, rents, sundry re-
ceipts and refunds

£486,724

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966
1967
£
£
10,000 Provision for donations
55,373 Balance transferred to reserve fund

£65,373

150,000
98,601
55,947
2,948
682
1,121

309,299

3,743,569
122,959
815,980

4,682,508

4,991,807

31,288
2,060
7,692
3,509
2,052
1,120

47,721

£5,039,528

212,268
1,664
78,795
9,123
56,500
57,302

£551,652

212,202
12,450

£551,652

£73,929