28 NOVEMBER THE NEW ZEALAND GAZETTE 2231

BALANCE SHEET AS AT 31 MARCH 1968—continued
Current assets—continued
$
800,000 National provident
Fund—call deposits
500,000
3,642,830
3,038,459 Branch remittances in
22,593 transit ..
6,983
389,110 Interest due and ac-
crued on investments
374,302
163 Sundry debtors
134
381,419
411,866
3,623,699 Investments (at face value)—
Investment account
securities (New Zea-
land Government
Stock) ..
4,022,910
12,515,861 New Zealand Govern-
ment stock
12,616,650
6,209,753 Local body securities
6,538,935
6,087,008 Mortgages..
5,930,956
29,109,451
28,436,321
169,000 National savings secu-
rities
169,000
33,302,700
32,055,646 Total current assets and
investments—
Fixed assets (at cost, less
depreciation)—
417,801 Buildings ..
473,100
64,049 Add additions
129,614
602,714
Less demolition ..
29,489
573,225
Less depreciation
9,061
564,164
473,100
38,290 Furniture and fittings
43,047
14,697 Add additions
36,579
79,626
Less sold
10
79,616
Less depreciation
11,642
67,974
43,047
90,959 Ledger posting ma-
chines..
130,208
65,148 Add additions
66,948
197,156
Less sold
40
197,116
Less depreciation
36,896
160,220
130,208
2,100 Office machines
2,487
952 Add additions
1,227
3,714
Less depreciation
639
3,075
2,487
77,518 Property ..
82,577
5,784 Add additions
..
82,577
Less sold
150
82,427
$32,787,065
$34,180,560

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968
1967
$
700,658 Interest credited to depositors—
Savings bank accounts—
open..
707,803
21,731 Savings bank accounts—
closed
22,909
730,712
722,389
140,712 Investment accounts credited
and accrued
171,461
7,043 National Savings accounts—
open..
2,904
590 National Savings accounts—
closed
3,196
6,100
7,633

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968—
continued
$
706 Charges and administration
expenses—
Cleaning
742
514 Earthquake damage insur-
ance
43
3,749 Fuel and light
4,994
5,761 Insurance
6,065
162 Perusals
116
5,590 Postages, telephones, and
tolls
7,231
31,989 Printing, stationery, and
advertising
32,117
588 Rent
120
11,015 Repairs and maintenance..
19,112
179,996 Salaries, fees, etc.
200,509
8,421 Sundry charges
11,976
19,544 Superannuation
20,917
10,850 Travelling and relieving
expenses
5,758
3,322 Trustees’ honoraria
3,295
312,995
282,207

Depreciation—
8,750 Buildings
9,061
9,940 Furniture and fittings
11,642
25,899 Ledger posting machines
36,896
565 Office machines
639
58,238
45,154
171,639 Provision for taxation
160,787
160,421 Net profit transferred to profit
and loss appropriation
account
153,976
314,763
332,060
$1,530,155
$1,594,269

1967
$
34,864 Interest on investments—
National Bank of New Zea-
land Ltd.—Fixed deposits
38,349
37,565 Short-term investments
56,240
776,697 New Zealand Government
stock
817,861
307,667 Local body securities
319,627
336,695 Mortgages
327,398
1,559,475
1,493,488
9,942 Interest on National Savings
securities
5,915
18,618 Commissions
21,808
632 Exchange, fines, and forms
1,258
6,666 Rents
5,476
809 Valuation fees
327
Depreciation recovered
10
$1,594,269
$1,530,155

PROFIT AND LOSS APPROPRIATION ACCOUNT, 31 MARCH 1968
1967
$
30,000 Provision for donations
30,000
130,421 Transferred to reserve fund
123,976
$160,421
$153,976

1967
$
160,421 Profit and loss account
153,976
$160,421
$153,976

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

AUDITORS’ REPORT

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 1968.