1702

THE NEW ZEALAND GAZETTE

No. 53

1968
$
662,627
121,020
783,647
90,763
8,012
8,983
2,814
894,219
6,230,004
3,401
206,531
983,540
7,423,476

Current assets-
Cash on hand and at bank
Fixed deposits

Interest accrued on investments
Owing by other trustee banks
Sundry debtors-
Interest
Others

Taxation overpaid

Total current assets
Investments-
New Zealand Government
stock (at cost)
Plus premiums for year
Local authority securities
(at cost)
Mortgages
(approved) 1,536,677
Less not yet uplifted

Total investments
Cost
Price
Land and buildings
Office machinery and furniture
Leasehold improvements
Motor vehicle

Total fixed assets

Capital commitment for interior fittings banking premises
J. E. GREENSLADE, President.
J. W. MERRICK, General Manager.
AUDITOR'S REPORT
The above balance sheet and profit and loss account are in agreement with the books, which, in my opinion, have been properly kept. I obtained the information and explanations I required.
In my opinion the above balance sheet and profit and loss account comply with the Trustee Savings Banks Act 1948, in the manner authorised for trustee savings banks. On such basis, they give, in my opinion, a true and fair view of the state of affairs and of the profit of the bank.
D. T. SPRING,
Public Accountant, Auditor.
Palmerston North, 28 May 1969.
5748

WELLINGTON DISTRICT SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1969
1968 $
Interest to depositors-
Paid and credited
Accrued on investment accounts

Administration expenses-
Advertising
Auditors' fees and expenses
Amortised cost of leases
Depreciation
Machine leasing
Printing and stationery
Rent
Salaries
Trustees' fees
Other administration expenses

Net profit for year transferred to reserve fund

$400,115

1969 $ 346,475
396,560
743,035
110,442
26,448
12,996
2,040

15,036

894,961
6,848,405
1,328
421,087
241,353
1,295,324

$8,566,144
Book Value
$ $70,596
69,130
44,914
24,459
13,106
7,945
2,122
1,529

103,063

$9,564,168
$3,000

1969 $
183,006
95,807

278,813
17,708
2,033
440
6,232
2,425
13,841
35,405
121,891

45,886

245,861
8,791

$533,465

1968
$
281,584
7,146
91,655
5,190
209
385,784
3,861
315
8,394
1,761

$400,115

Investment income-
Interest received, due, and accrued-
New Zealand Government stock
Local authorities stock
Mortgages
Fixed deposits
Short-term deposits

Commissions received and accrued-
Government stock
Local authorities stock

Sundry income
Net cost of operations for year transferred to establishment account
BALANCE SHEET AS AT 31 MARCH 1969
1968
$
14,850
5,462
41,549
61,861
218,449
6,331,629
380,149
6,711,778
1,841,320
8,553,098
3,000

$209,169
$11,021
1,528
405
4,981
1,596
11,340
33,919
96,037
30,119

$190,946

$400,115

1969 $ 334,534
15,691
160,188
6,518
734
517,665
2,257
931
3,188
12,612

$533,465

Current liabilities-
Creditors
Owing to other trustee savings banks
Provision for accrued investment account interest
Total current liabilities
Long-term liabilities-
Bank overdraft

Depositors' balances
(Note 3)-
Savings bank
Thrift clubs

Ordinary depositors' balances
Investment accounts
Total depositors' balances
Reserve fund-
Net profit for year, 31 March 1969
Amortised New Zealand Government stock discounts and premiums

Total reserve fund

$8,836,408

1968
$
365,783
8,627
15,396
1,499
80,890
472,195
5,883,235
162,802
2,053,989
120,000
8,220,026

1969
$
308,816
10,231
33,075
1,634
94,972
448,728
6,576,028
321,965
3,217,886
160,000
10,275,879

Current assets-
Cash resources..
Debtors
Owing. by other trustee savings banks
Payments in advance
Accrued income

Total current assets
Investments (at cost, unless otherwise stated)-
New Zealand Government stock
Local authorities stock
Mortgages
Fixed deposits
Total investments

$10,874,867