28 NOVEMBER
THE NEW ZEALAND GAZETTE
2225
BALANCE SHEET AS AT 31 MARCH 1968—continued
1967
$
27,410,297 Total current assets ..
Investments (cost or face value, whichever lower)—
95,914,241 New Zealand Government inscribed stock ..
18,159,617 Local authority securities
41,270,266 Mortgages..
155,344,124
162,754,421
National savings securities—
2,867,701 New Zealand Government inscribed stock (securing national savings depositors)
.
.
Fixed assets at less depreciation—
3,078,657 Land and buildings..
509,972 Furniture and fittings ..
115,643 Plant..
158,852 Office calculating and bookkeeping machines..
33,893 Motor vehicles ..
2,462 Passbook wallets
5,668 1965 coin sets
3,905,147
$169,527,269
1968
$
8,650,240.93
104,159,351.50
18,438,689.63
43,355,735.67
165,953,776.80
174,604,017.73
2,460,298.50
3,952,580.51
595,135.55
143,311.43
320,909.32
38,354.57
3,803.30
3,545.00
5,057,639.68
$182,121,955.91
E. H. HALSTEAD, President.
H. J. BARRETT, General Manager.
AUDITORS' REPORT
We, the undersigned, being the auditors of the Auckland 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 1968.
(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.
(4) 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 Auckland Savings Bank's affairs as at 31 March 1968, and of the results of its business for the year ended on that date.
D. C. O'HALLORAN, B.COM., F.P.A.N.Z. \ Auditors.
A. J. POSTLES, A.P.A.N.Z.
14 May 1968.
2255
BAY OF PLENTY SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968
1967
$
Interest—
208,176 Interest credited to depositors ..
72,866 Interest accrued to depositors ..
281,042
Charges and administration expenses—
1,882 Bank charges
69,732 Salaries..
2,426 Allowances..
15,454 Rents payable.
1968
$
343,631
254,987
88,644
2,526
88,024
3,125
19,453
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968—continued
1967
$
Charges and administrative expenses—continued
9,808 Printing and stationery
5,578 Travelling and relieving
510 Staff advertising
2,596 Telephone and tolls
18,176 Advertising and promotion
734 Insurance
1,710 Postages
1,870 Heating and lighting
278 Legal expenses
358 Maintenance contracts
1,640 Sundry charges
2,552 Cleaning and laundry
300 Repairs and maintenance
2,992 Superannuation
2,826 Trustees meeting fees
2,360 Audit fees
.. Loss on disposal of assets
143,782
9,010
23,818
$457,652
$
10,830 Provision for taxation
12,988 Net profit after taxation
$
23,818
1968
$
14,385
4,532
164
3,183
17,212
545
2,300
2,240
140
546
2,155
2,788
754
4,126
2,680
1,830
545
173,253
9,728
Profit before taxation ..
$550,286
10,756
12,918
$23,674
1968
$
Interest—
345,762 New Zealand Government stock
34,566 Local authority securities
53,612 Mortgages
6,986 Fixed deposits
2,718 Post Office Savings Bank
6,476 Sundry investments at call
Commission
Rents receivable
450,120
7,532
.. $
542,791
5,625
1,870
$550,286
Profit before taxation
$23,674
PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1968
1967
$
268 Taxation under-provided 1966
3,000 Provision for donations
9,720 Balance—to reserve fund
$12,988
1968
$
3,000
16,196
$19,196
1967
$
12,988 Profit and loss account
.. Discounts amortised
.. Discounts on matured investments
$12,988
1968
$
12,918
6,125
153
$19,196
BALANCE SHEET FOR YEAR ENDED 31 MARCH 1968
1967
$
Depositors' balances—
6,477,944 Savings bank accounts
399,584 Thrift club accounts
6,877,528
9,962,840 Other liabilities and provisions—
40,038 Bank overdraft..
11,524 Owing to trustee savings banks
6,664 Sundry creditors
72,866 Interest accrued on investment accounts
.. Remittances in transit
1,424 Provision for taxation, less paid
1968
$
7,333,277
430,877
7,764,154
3,775,936
11,540,090
28,996
15,796
4,071
88,644
2,927