1752

THE NEW ZEALAND GAZETTE

No. 58

HAWKE’S BAY AND GISBORNE SAVINGS BANK—ctd.

BALANCE SHEET AS AT 31 MARCH 1970—continued

Represented by—

68,976 Reserve for taxation 72,045
94,425 General reserve as at
1 April 1969 124,851
Net profit for year
transferred to
30,405 general reserve .. 43,770

$193,806 $240,666
========== ==========

REVENUE ACCOUNT FOR YEAR ENDED 31 MARCH 1970

1969 1970
$ $ $
Revenue—
Interest from—
449,918 New Zealand Government stock .. .. 494,822
22,994 Local authority stock .. 27,564
21,628 Fixed deposits .. 23,076
110,150 Mortgages.. .. 187,810

604,690 733,272
9,672 Rent .. 7,032
22,487 Commission .. .. 23,112
2,763 Mortgage inspection fees .. 3,936
130 Depreciation recovered .. ..

639,742 Total revenue .. .. 767,352
Less: expense—
Interest on depositors’ accounts—
95,164 Closed accounts .. 102,734
190,574 Open accounts .. 228,261
104,354 Investment accounts (accrued) .. 112,130

390,092 443,125
167,513 Charges and administration .. 218,102
7,250 Depreciation.. .. 9,226

174,763 227,328

564,855 Total expense .. 670,453

74,887 Profit, before taxation .. 96,899
Less—
36,363 Reserve for taxation .. 47,420

$38,524 Net profit, transferred to appropriation account .. .. $49,479
========== ==========

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1970

1969 1970
$ $ $
38,524 Net profit for year, transferred from revenue account .. .. 49,479
Add—
Premium on sale of New Zealand
Government stock .. 1,120
Taxation over-provided for year
ended 31 March 1969 .. 171

$38,524 $50,770
========== ==========
Taxation—additional provision for
2,119 1967 and 1968 .. ..
6,000 Provision for donations .. 7,000
30,405 Balance transferred to general reserve 43,770

$38,524 $50,770
========== ==========

H. W. DOWLING, President.
G. L. COOK, General Manager.

AUDITORS’ REPORT

We report that we have examined the balance sheet of the Hawke’s Bay and Gisborne Savings Bank as at 31 March 1970 and the related revenue account for the year then ended, and have received all the information and explanations we have required.

In our opinion, the accompanying balance sheet and revenue account presents fairly the financial position of the bank at 31 March 1970, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on the basis consistent with that of the preceding year.

J. R. BARK,
Brown, Webb, and Co., Chartered Accountants.
Hastings, 13 May 1970.

8662

TRUSTEE SAVINGS BANKS ACT 1948

SOUTHLAND SAVINGS BANK

PURSUANT to section 25 of the Trustee Savings Bank Act 1948 (as substituted by section 2 of the Trustee Savings Banks Amendment Act 1968), the Southland Savings Bank hereby gives notice that it has made the following grants:

Bands—

$ $
City of Invercargill Caledonian Pipe Band (Incorporated) 75th Jubilee Building Project .... .... 100
City of Invercargill Caledonian Pipe Band .... .... 100
Gore Municipal Band .... .... 100
Highland Pipe Bands Association of N.Z. (Southland Centre) .... .... 50
Invercargill Garrison Band (Incorporated) .... .... 300
Salvation Army Band .... .... 150
Tapanui Municipal Brass Band .... .... 50
Tuatapere Caledonian Pipe Band (Incorporated) .... .... 50
Waimatuku Highland Pipe Band .... .... 50
Wyndham and District Highland Pipe Band .... .... 50

Educational and Cultural—

American Field Service (Invercargill Branch) .... .... 50
Ballet Society of Southland (Incorporated) .... .... 50
Eastern Southland Community Arts Society .... .... 50
Fiordland Players .... .... 50
Gore District Historical Society .... .... 50
Gore Operatic Society (Incorporated) .... .... 50
Highland Piping and Dancing Society—
Georgetown .... .... .... .... 50
Gore .... .... .... .... 50
Invercargill (Incorporated) .... .... 50
Waikiwi .... .... .... .... 50
Invercargill City Orchestra .... .... 100
Invercargill Community Arts Society (Incorporated) .... 150
Invercargill Public Art Gallery Society (Incorporated) .... 100

Kindergartens—

Bluff—(Building Fund) .... .... .... 50
East Gore (Building Fund) .... .... .... 50
Glengarry (Building Fund) .... .... .... 50
Southland Association (Incorporated) .... .... 100
Waikiwi—Grasmere (Building Fund) .... .... 50

Knox College Womens Residential Hall Appeal (Salmond Hall) .... .... .... 250
Lakes District Centennial Museum (Incorporated) .... .... 100
New Zealand Amateur Swimming Association, Educational Officer .... .... .... 50
New Zealand Registered Nurses Association, S.S.B. Scholarship .... .... .... 1,000

Play Centres—

Queenstown (Otago Area) .... .... .... 20
Southland Area Committee .... .... .... 100
Queenstown and District Historical Society .... .... 20
Southland Burns Club .... .... .... 50
Southland Choral Society (Incorporated) .... .... 100
Southland Competitions Society (Incorporated) .... .... 250
Southland Competitions Society (Incorporated), Aria Contest .... .... .... 200
Southland Education—Teachers College Scholarship First Year Student .... .... .... 100
Southland Hospital Board, Library Service, Kew .... .... 500
Southland Museum Trust Board (Incorporated)—
Educational Wing .... .... .... 5,000
General Funding .... .... .... 500

Southland Savings Bank—Medical Foundation—
Funding .... .... .... 2,000
Income Grant .... .... .... 200
Clinical Tutorship .... .... .... 500

Southland University Association (Incorporated) .... .... 50
Southland Workers Educational Association (Incorporated) .... .... .... 750