4 SEPTEMBER

THE NEW ZEALAND GAZETTE

1701

1968
$
12,944 Interest on—
(a) Deposits, etc. ..
255,431 (b) Government stock
10,352 (c) Local body
40,061 (d) Mortgages
1,785 Commission, fees, etc.
8,738 Rents—Head Office building ..
Other receipts—
869 Brokerage
831 Gain on Government stock

$331.011

1969
$
.. 20,265.72
.. 275,143.50
.. 12,734.15
.. 57,483.32
.. 2,671.71
.. 9,096.02
.. 1,621.98
.. 222.66

$379,239.06

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED
31 MARCH 1969

1968
$
2,100 Provision for donations
5,444 Balance to reserve fund ..

$7,544

1969
$
.. 3,000.00
.. 7,891.33

$10,891.33

1968
$
7,544 Profit and loss account—net profit

$7,544

1969
$
.. 10,891.33

$10,891.33

NOTE 1—Premiums on redemption of Government stock
It is the bank’s policy to hold Government stock investments
until maturity. In accordance with this policy, discounts or pre-
miums on purchase are amortised on a straight-line basis over the
term of the investments. The values on 31 March 1969 were as
follows:

                    $

Cost value .. 5,542,553
Face value .. 5,540,000
Market value .. 5,317,492

NOTE 2—Accrued interest on investment accounts
Interest on investment accounts has been accrued at the average
rate paid during the year.

K. R. PATTERSON, President.
G. I. C. McDOUALL, General Manager.

AUDITORS’ CERTIFICATE
We have examined the records and financial accounts of the
Wanganui Savings Bank for the year ended 31 March 1969.
Our examinations were made in accordance with the general
principles of auditing and accordingly included such tests of the
accounting records and such other auditing procedures as we
considered necessary in the circumstances.
In our opinion, the accompanying balance sheet, with notes
attached, and profit and loss account present fairly the financial
position of the Wanganui Savings Bank at 31 March 1969, and the
results of its operations for the year then ended.

SILK, MASON, AND CO., Auditors.
Wanganui, 21 May 1969.
5749

MANAWATU WAIRARAPA SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1969

1968
$
181,496 Interest—
Credited to depositors
84,254 Accrued ..

265,750
8,070 Advertising ..
7,551 Printing and stationery
78,287 Salaries
Property expenses—
5,780 Mortgage interest and repairs
11,166 Rent and rates
Trustees’ remuneration
22,653 Other administration expenses

133,507
8,535 Depreciation
875 Profit—carried down ..

$408,667

1969
$
.. 209,382
.. 96,422

    305,804
    ..    8,790
    ..    6,084
    ..   77,602
    ..    5,211
    ..   10,082
    ..    1,792
    ..   26,396

    135,957
    ..    7,987
    ..   12,276

    $462,024

1968
$
.. 19
.. 733
.. 623

$1,375

1969
$
.. 3,744
.. 388
.. 8,144

$12,276

1968
$
310,540 Interest on investments—
90,763 Received ..

401,303
3,401 Premium on investments
3,360 Brokerages and commissions
603 Rents

$408,667

1969
$
.. 341,993
.. 110,442

    401,303
    ..    1,328
    ..    7,741
    ..      520

    $462,024

875 Profit—brought down
500 Goodwill—sale of lease

$1,375

1969
$
.. 12,276
..

$12,276

APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1969

1968
$
.. Provision for donations
1,623 Balance—to reserve fund ..

$1,623

1969
$
.. 3,000
.. 5,144

$8,144

1968
$
1,000 Balance—brought forward
623 Balance—from profit and loss account

$1,623

1969
$
..
.. 8,144

$8,144

BALANCE SHEET AS AT 31 MARCH 1969

1968
$
4,143,237 Depositors’ balance—
548,085 Savings bank
.. Thrift club

4,691,322
3,540,032 Investment accounts
84,253 Add accrued interest ..

3,624,285
8,315,607 Total depositors’ funds

1969
$
.. 4,777,866
.. 580,379

    5,358,245
    ..  4,008,394
    ..     96,422

    4,104,816
    ..  9,463,061

Other liabilities—
Provision for taxation
Bank overdraft
Mortgages
Owing to other trustee
banks
Sundry creditors
Superannuation reserve
fund
Provision for donations

    Total other liabilities

Reserve fund—
Balance, 31 March 1968
Add balance appropria-
tion account

1968
$
21,143
59,000

3,285
9,440
1,035

93,903
15,585
1,623

17,208
$8,426,718

1969
$
3,080
3,164
54,000
3,088
10,818
1,605
3,000

    78,755
   17,208
    5,144

    22,352

$9,564,168