460
THE NEW ZEALAND GAZETTE
No. 14

Depreciation—
Buildings .. .. .. 4,375
Furniture and fittings .. .. .. 4,970
Ledger posting machines .. .. .. 12,949
Office machines .. .. .. 282
————
22,576
Provision for taxation .. .. .. 85,819
Net profit transferred to profit and loss
appropriation account .. .. 80,210
————
£765,077
====

Interest on investments—
National Bank of N.Z. Ltd.—fixed deposits 17,432
National Provident Fund deposits 18,782
New Zealand Government stock 388,349
Local body securities 153,833
Mortgages 168,348
————
746,744
Interest on National Savings securities 4,971
Commissions 9,309
Exchanges, fines, and forms 316
Rents 3,333
Valuation fees 404
————
£765,077
====

PROFIT AND LOSS APPROPRIATION ACCOUNT

Provision for donations .. .. .. 15,000
Transferred to reserve fund .. .. .. 65,210
————
£80,210
====

Profit and loss account .. .. .. 80,210
————
£80,210
====

BALANCE SHEET AS AT 31 MARCH 1967

Current liabilities—
Depositors’ balances—
Savings bank accounts .. .. 13,518,451
Thrift club accounts .. .. 21,817
Investment accounts .. .. 1,811,850
————
15,352,118
National Savings accounts .. .. 81,913
Other liabilities—
Investment accounts interest accrued .. .. 47,699
National savings interest accrued .. .. 1,930
Mortgage interest rebates provision .. .. 2,688
Provision for taxation .. .. 85,819
Provision for donations .. .. 15,000
————
153,136
Total liabilities and provisions .. .. 15,587,167

Reserve fund—
Balance at 1 April 1966 .. .. 712,003
Add investment fluctuation account .. .. 29,152
Add transfer from profit and loss
appropriation account .. .. 65,210
————
806,365
————
£16,393,532
====

Current assets—
Cash in hand and at banks .. .. 639,230
National Bank of New Zealand Ltd.—
fixed deposits .. .. 480,000
National Provident Fund—Call deposits .. .. 400,000
————
1,519,230
Branch remittances in transit .. .. 11,297
Interest due and accrued on investments .. .. 194,555
Sundry debtors (valuation fees) .. .. 81
————
205,933

Investments (at face value)—
Investment account securities (New Zealand Government stock) .. .. 1,811,850
New Zealand Government stock .. .. 6,257,930
Local body securities .. .. 3,104,877
Mortgages .. .. 3,043,503
————
14,218,160
National savings securities .. .. 84,500
————
16,027,823

Fixed assets (at cost less depreciation)—
Buildings—
Add additions .. .. 208,900
Add additions .. .. 32,025
————
240,925
Less depreciation .. .. 4,375
————
236,550

Furniture and fittings .. .. 19,145
Add additions .. .. 7,348
————
26,493
Less depreciation .. .. 4,970
————
21,523

Ledger posting machines .. .. 45,479
Add additions .. .. 32,574
————
78,053
Less depreciation .. .. 12,949
————
65,104

Office machines .. .. 1,050
Add additions .. .. 476
————
1,526
Less depreciation .. .. 282
————
1,244

Property .. .. 38,759
Add additions .. .. 2,892
————
41,651
Less sold .. .. 363
————
41,288
————
£16,393,532
====

C. C. LANGE, President.
J. T. SHAW, General Manager.

We, the undersigned, being the auditors of the Southland 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. 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 Southland 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 and applied on a basis consistent with that of the preceding year.

HENDERSON, ADAM AND CO., Auditors.
Invercargill, 26 April 1967.

584

================================

CONTENTS

ADVERTISEMENTS .... .... .... 439
APPOINTMENTS .... .... .... 419
BANKRUPTCY NOTICES .... .... .... 437
DEFENCE NOTICES .... .... .... 417
LAND TRANSFER ACT: NOTICES .... .... .... 439

MISCELLANEOUS—
Conscience Money Received .... .... .... 431
Counties Act: Notice .... .... .... 433
Customs Tariff: Notices .... .... .... 434
Days on Which N.Z. Ensign to be Flown on Government Buildings .... .... .... 421
Exhibitions Act: Notice .... .... .... 420
Heavy Motor Vehicle Regulations: Notice .... .... 431
Land and Income Tax Act: Notice .... .... .... 431
Land Districts, Land Reserved, Revoked, etc. .... .... 430
Local Authorities Loans Act: Notices .... .... 432
Municipal Corporations Act: Notice .... .... 432
Officiating Ministers: Notices .... .... .... 420
Public Works Act: Land Taken, etc. .... .... 421
Regulations Act: Notice .... .... .... 434
Reserve Bank: Notice .... .... .... 433
Royal Commission to Inquire: Notice .... .... 416
Schedule of Contracts .... .... .... 435
Tariff and Development Board: Notices .... .... 436
Transport Act: Notice .... .... .... 430
Wildlife Act: Notice .... .... .... 421

PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS 409–416

Price 35c BY AUTHORITY: R. E. OWEN, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1968