2228

THE NEW ZEALAND GAZETTE
No. 78

BALANCE SHEET AS AT 31 MARCH 1968--continued
1967
$
24,683,206 Total depositors' balances . .
23,500 Provision for taxation . .
10,000 Provision for donations . .
43,774 Sundry creditors . .
Reserve fund-
304,812 Balance at 1 April 1967 . .
14,340 Plus profit and loss appropriation account balance . .
(319,152)
$25,032,632
$
27,054,386
9,265
8,000
32,133
319,153
29,442
348,595
$27,452,379
Capital commitments-
Local body loans approved but not advanced . .
399,712 Mortgages approved but not advanced . .
Fixed asset expenditure . .
1967
$
126,000
166,040
135,000
345,492 Cash in hand and at bankers . .
680,000 Fixed deposit . . . .
320,000 National provident fund . .
22,484 Sundry debtors . . . .
242,826 Accrued income . . . .
New Zealand Government stock-
Face value . .
Cost price
14,628,420
1,477,500
14,628,420
3,613,500
5,652,338 Mortgage advances . . . .
1,438,280 Local body securities . .
Land and buildings at cost
Less depreciation to date
89,306
98,293
4,629
Equipment, fittings,
machines, etc., at cost
121,056 Less depreciation to date
Goodwill at cost . .
14,930 Less depreciation to date
$25,032,632
$27,452,379
E. A. WATERS, President.
S. R. McROBIE, Manager.
AUDITORS' CERTIFICATE
We, the undersigned, being the auditors of the Waikato Savings
Bank, appointed in terms of section 29 (3) of the Trustee Savings
Bank 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 1968.
(c) The manager has certified that, to the best of his knowledge
and belief, all requirements of the Trustee Savings Bank
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 Waikato Savings Bank's affairs as at 31
March 1968, and of the results of its business for the year ended on
that date, and in conformity with generally accepted accounting
principles applied on the basis consistent with that of the preceding year.
FISHER, DAY AND MATTHEWS,
Public Accountants, Auditors.
Hamilton, 2 May 1968.
2256
WESTLAND SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968
1967
$
Interest to-
Depositors . .
Investments . .
80,782
Trustees fees . .
1,122
Management expenses-
Salaries and wages . .
Maintenance and repairs
Rent and rates . .
19,878
Depreciation . .
3,142
Administration costs
15,512
Provisions for taxation ..
8,542
Net profit
10,834
$139,812
1968
$
100,860
1,439
21,405
1,162
1,046
23,613
3,929
16,335
10,618
12,908
$169,702
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968-
continued
1967
$
Interest on-
Deposits . .
Government stock . .
Local body debentures
Mortgages . .
133,400
Commission . .
1,122
Rent . .
5,290
$139,812
1968
$
206,825
93,027
2,128
60,422
162,402
2,014
5,286
$169,702
APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1968
1967
$
2,000 Provision for donations
8,834 Reserve fund . .
$10,834
1968
$
2,400
10,508
$12,908
1967
$
10,834 Net profit . .
$10,834
1968
$
12,908
$12,908
BALANCE SHEET AS AT 31 MARCH 1968
1967
$
Depositors' balances-
Savings . .
Thrift . .
School . .
Investments . .
2,784,146
13,904 Interest accrued . .
8,542 Provision for taxation
2,000 Provision for donations
1,856 Sundry creditors . .
209,072 Reserve fund . .
$3,019,520
1968
$
2,415,178
73,389
12,190
892,822
3,393,579
22,128
10,618
2,400
1,885
219,580
$3,650,190
1967
$
76,498 Cash on hand and in transit . .
127,100 Fixed deposits . .
19,984 Interest accrued . .
1,606,498 Government stock, at cost . .
48,218 Local body securities, at nominal value
1,006,924 Mortgages . .
127,458 Land and buildings,
at cost
Additions
Depreciation
6,840 Furniture and fittings
Additions . .
Sales . .
6,840
13,021
540
12,481
6,184 Depreciation . .
$3,019,520
1968
$
92,449
174,100
25,352
2,031,498
41,542
1,149,239
132,642
6,616
126,026
2,497
9,984
$3,650,190
W. G. BRYANT, President.
J. J. LESLIE, General Manager.
AUDITOR'S REPORT
I, the undersigned, being the auditor of the Westland Savings
Bank, appointed in terms of section 29 (3) of the Trustee Savings
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 1968.
(3) The manager has certified that, to the best of his knowledge
and belief in the matter, all requirements of the Trustee Savings
Bank 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 1968 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.