14 MARCH

THE NEW ZEALAND GAZETTE

457

BALANCE SHEET AS AT 31 MARCH 1967

1966 1967
£ £ £

Depositors' balances-
Savings .. 1,065,136
Thrift .. 26,095
School .. 5,363
Investments .. 295,479

1,223,368 1,392,073

4,594 Interest accrued 6,952
4,979 Provision for taxation 4,271
1,750 Provision for donations 1,000
927 Sundry creditors 928
100,119 Reserve fund 104,536

£1,335,737 £1,509,760

1966 1967
£ £ £

Interest on investments-
Fixed deposits at bankers .. 7,000
New Zealand Government stock .. 328,858
Local authority 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

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966 1967
£ £ £

Provision for donations .. 10,000
Balance to reserve fund .. 23,717
£33,717 £17,723

1966 1967
£ £ £

Net profit 33,717
£33,717 £17,723

BALANCE SHEET AS AT 31 MARCH 1967

1966 1967
£ £ £

Depositors' balances-
Savings bank .. 6,226,121
Thrift clubs .. 722,363
Ordinary depositors' total 3,569,235
Investment accounts .. 81,641
Add interest accrued ..

10,599,360

Other liabilities-
Staff provident fund .. 9,593
Provision for taxation less paid 4,564
Provision for donations 10,000
Owing to other trustee 2,292
savings banks .. 68,000
Mortgages .. 58,373
Bank overdraft .. 5,617
Sundry creditors ..
Remittances in transit ..

Reserve fund-
Balance as at 31 March 1966 36,620
Add capital profits ..
Add balance of appropriation account 23,717

Premiums due on redemption of Government stock ..

65,986

126,323

£10,884,122

W. G. BRYANT, President.
F. G. OLIVER, Trustee.
J. J. LESLIE, Manager.

I, the undersigned, being the auditor of the Westland 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 explanations and
information I have required. (2) I have verified the cash, investments,
securities, and assets of the bank as at 31 March 1967.
(3) The Manager has certified that, to the best of his knowledge
and belief in the matter, all 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 the
Westland Savings Bank at 31 March 1967, 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.

CANTERBURY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1967

1966 1967
£ £ £

Interest to depositors-
Credited to depositors' accounts at 31/3/67 .. 163,508
Closed accounts and matured investment accounts 64,131
Accrued on investment accounts 81,641

Other charges-
Trustees' fees (honoraria) .. 1,322
Salaries and wages .. 60,189
Maintenance and repairs .. 3,852
Rent and rates paid .. 5,832
Depreciation .. 9,303
Loss on sale or disposal of assets .. 2
Advertising .. 15,300
Printing and stationery .. 12,214
Interest to staff superannuation fund .. 314
Administration expenses and other charges 27,619
Provision for taxation .. 33,263
Net profit .. 33,717

£512,207

1967 1967
£ £ £

192,019
77,076
100,855

1,519
97,605
8,377
9,486
15,704
923
15,727
13,301
656
38,196
17,411
17,723

35,134

£606,578

1966 1967
£ £ £

Current assets-
Cash in hand and at bankers .. 216,189
Fixed deposits at bankers 200,000
Short term investments 100,000
Interest accrued on investments 115,940
Rents due and accrued 12
Commissions accrued 300
Prepayments 55
Taxation prepayment
Owing by other trustee 1,941
savings banks .. 3,521
Sundry debtors
Remittances in transit

637,958

Total current assets 1,038,952

Investments (at face value)-
New Zealand Government stock 7,014,450
Local authorities stock 337,641
Mortgages 2,734,900

Total investments 11,438,481

Total of current assets and investments 12,477,433