14 MARCH
THE NEW ZEALAND GAZETTE
453

1966
£
51 Taxation reserve balance .. .. 254
1,203 Donations reserve balance .. .. 3,481
8,910 Discount on purchase of Govern-
ment stock .. .. .. 12,892
55,209 Net profit .. .. .. 57,302
———
£65,373
£73,929

BALANCE SHEET AS AT 31 MARCH 1967

1966
£
7,716,296 Depositors’ balances—
Savings bank .. 7,736,389
182,941 Thrift club .. 191,450
211,876 Home lay-by .. 229,976
4,860 Special accounts .. 6,975
———
8,115,973 Ordinary depositors’ total .. 8,164,790
2,111,885 Investment accounts .. 2,921,475
47,348 Add interest accrued 70,669
———
2,159,233 2,992,144
331,568 National Savings ac-
counts .. 258,954
7,261 Add National Savings
interest suspense ac-
count .. 4,878
———
338,829 263,832
10,614,035 Total liability to de-
positors .. .. 11,420,766

Other liabilities—
231 Sundry creditors .. 15,358
32,496 Staff Provident Fund 36,504
54,300 Provision for taxation 56,500
10,000 Provision for dona-
tions .. .. 10,000
———
97,027 Total other liabili-
ties .. .. 118,362
539,196 Reserve fund .. .. 603,125
———
£11,250,258 £12,142,253

Contingent liability—
Subsidy on home
lay-by accounts

1966
£
300,803 Current assets—
Cash in hand and at
bankers .. 284,085
242,500 Fixed deposits .. 322,500
97,089 Interest due and ac-
crued on invest-
ments .. 109,271
———
640,392 Total current assets .. 715,856
Investments (at par
value)—
4,020,825 New Zealand Govern-
ment inscribed stock 3,967,475
83,718 Local authority secu-
rities .. 78,438
3,797,719 Mortgages.. .. 3,857,191
———
7,902,262 Total investments .. 7,903,104
Investment Account Se-
curities—
2,051,200 New Zealand Govern-
ment inscribed stock 2,842,540
108,033 Cash on hand and at
bankers .. 149,604
———
2,159,233 2,992,144
National Savings secu-
rities—
325,000 New Zealand Govern-
ment inscribed stock 245,000
13,829 Cash on hand and at
bankers .. 18,832
———
338,829 263,832
11,040,716 Total current assets, in-
vestments, and secu-
rities .. .. 11,874,936
Fixed assets (at cost less
depreciation)—
190,176 Land and buildings .. 231,320
19,366 Furniture, fittings, and
plant .. .. 35,997
———
209,542 267,317
£11,250,258 £12,142,253

Capital commitment—
New buildings .. .. £2,000
G. MACALLAN, President.
E. A. EVANS, General Manager.

We have examined the balance sheet of Taranaki Savings Bank
as of 31 March 1967, and the related profit and loss account for
the year then ended. Our examination was made in accordance
with generally accepted auditing standards, and accordingly
included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the accompanying balance sheet and profit and
loss account present fairly the financial position of Taranaki
Savings Bank at 31 March 1967, and the results of its operations
for the year then ended, in conformity with generally accepted ac-
counting principles applied on a basis consistent with that of the
preceding year.

WYNYARD, RIDLAND, AND GLASGOW,
Public Accountants, Auditors.

New Plymouth, 15 May 1967.

587

WANGANUI SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1967

1966
£
63,171 Interest to depositors .. .. .. 93,229
419 Trustees fees .. .. .. 809
Management expenses—
10,572 Salaries .. .. .. 15,160
188 Repairs and maintenance .. .. 307
2,075 Depreciation.. .. .. 2,446
2,249 Rent and rates .. .. 2,224
Other expenses—
2,670 Advertising .. .. .. 3,051
.. Branch expenses .. .. 7,931
1,826 Stationery .. .. 1,660
.. Building expenses—head office building .. 3,395
6,945 Others .. .. 6,041
5,076 Provision for taxation.. .. 5,098
6,141 Net profit .. .. .. 5,778
———
£101,332 £147,129

1966
£
2,689 Interest on—
90,145 (a) Deposits .. .. .. 5,526
1,903 (b) Government stock .. .. 114,807
3,021 (c) Local body .. .. 4,724
540 (d) Mortgage .. .. 16,538
1,128 Commission fees, etc. .. .. 645
Rent head office building .. .. 3,411
Other receipts—
1,906 Brokerage .. .. .. 900
.. Gain on Government stock .. .. 578
———
£101,332 £147,129

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED
31 MARCH 1967

Provision for donations .. .. .. 1,750
To reserve fund .. .. .. 4,028
———
£5,778

Net profit .. .. .. .. .. 5,778
———
£5,778

BALANCE SHEET AS AT 31 MARCH 1967

1966
£
1,538,011 Depositors balances—
Savings .. .. 1,732,929
93,270 Thrift .. .. 115,069
886,370 Investments .. .. 1,204,670
———
2,517,651 3,052,668
17,235 Accrued interest .. .. 26,816
3,362 Provision for taxation .. .. 22
Other liabilities—
961 Sundry creditors .. .. 540
29,400 Mortgage .. .. 28,200
1,750 Provision for donations .. .. 1,750
.. Provision for head office repairs and
maintenance .. .. 400
.. Premiums due on Government stock
(note 1) .. .. 7,219
6,777 Reserve fund .. .. .. 10,705
———
£2,577,136 £3,128,320