12 FEBRUARY
THE NEW ZEALAND GAZETTE
215

A.N.Z. SAVINGS BANK (NEW ZEALAND) LTD.

BALANCE SHEET AS AT 30 SEPTEMBER 1969
(Expressed in New Zealand currency)

1968 $ 1969 $
$ $
500,000 Shareholders’ funds—
Authorised capital .. 500,000

500,000 Issued capital—
250,000 ordinary
shares of $2 each,
fully paid .. 500,000
320,000 General reserve .. 480,000
65,000 Contingencies reserve 80,000
53,771 Profit and loss appro-
priation account 68,920
———— ————
938,771 1,128,920

Current liabilities—
30,279,995 Depositors’ balances—
Ordinary accounts 35,398,250
933,423 Thrift accounts .. 1,001,569
397,833 Home lay-by ac-
counts .. 443,941
32,679,816 Investment accounts 39,855,570
76,699,330
338,705 Provision for taxation 384,640
1,125,493 Other liabilities, in-
cluding interest ac-
crued .. 1,124,739
1,509,379
————
$66,694,036 $79,337,629

1968 $ 1969 $
$ $
2,680,320 Deposits with Australia
and New Zealand
Bank Ltd. .. 3,322,538

Investments—
21,130,000 New Zealand Gov-
ernment stock—
3¾ percent special
issue .. 24,700,000
35,171,321 Other .. 41,215,189
1,821,751 Local authority securi-
ties .. 1,866,585
5,260,997 Mortgage and other
loans .. 7,524,032
629,647 Income accrued on
investments .. 709,285
————
76,015,091
$66,694,036 $79,337,629

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 1969
(Expressed in New Zealand currency)

1968 $ 1969 $
$ $
2,050,273 Interest to depositors .. 2,490,713
407,262 Management and operating expenses 534,266
———— ————
2,457,535 Total expenses .. 3,024,979
12,395 Loss on realisation of investments ..
161,200 Provision for taxation .. 228,700
166,494 Net profit for period .. 230,020
———— ————
$2,797,624 $3,483,699

1968 $ 1969 $
$ $
2,375,645 Income from investments—
New Zealand Government stock and
local authority securities .. 2,914,792
404,180 Other investments .. 520,967
———— ————
2,779,825 3,435,759
17,799 Other income .. 47,940
———— ————
$2,797,624 $3,483,699

PROFIT AND LOSS APPROPRIATION ACCOUNT

1968 $ 1969 $
$ $
10,000 Transfer to contingencies reserve .. 15,000
120,000 Transfer to general reserve .. 160,000
30,000 Dividend .. 40,000
53,771 Balance carried forward .. 68,920
———— ————
$213,771 $283,920

1968 $ 1969 $
$ $
46,499 Balance brought forward .. 53,771
166,494 Net profit for period .. 230,020
778 Overprovision for taxation 1968 .. 129
———— ————
$213,771 $283,920

NOTES ON THE ACCOUNTS

1. The market value of Government and local authority securities at 30 September 1969 was $67,570,585.

2. There is a contingent liability for subsidies on home lay-by accounts.

On behalf of the Board—

C. G. HANKIN
T. M. WILLIAMSON
D. G. O’REILLY, Secretary.
} Directors.

AUDITORS’ REPORT TO MEMBERS OF A.N.Z. SAVINGS BANK (NEW ZEALAND) LTD.

We have obtained all the information and explanations that we have required. In our opinion, proper books of account have been kept by the company so far as appears from our examination of those books. In our opinion, and to the best of our information and the explanations given to us, and as shown by the said books, the 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 company’s affairs as at 30 September 1969, and of the results of the business for the year ended on that date.

According to such information and explanations, the accounts, the balance sheet, and the profit and loss account give the information required by the Companies Act 1955, in the manner so required.

ERNEST HUNT, TURNER and Co.,
Chartered Accountants
WATKINS, HULL, WHEELER, and JOHNSTON,
Chartered Accountants
} Joint Auditors.

Wellington, New Zealand, 17 October 1969.
7361

NEW ZEALAND GOVERNMENT PUBLICATIONS
GOVERNMENT BOOKSHOP

A selective range of Government publications is available from the following Government Bookshops:

Wellington: Mulgrave Street
Private Bag
Telephone 46 807
Auckland: State Advances Bldg., Rutland Street
P.O. Box 5344
Telephone 32 919
Hamilton: Alma Street
P.O. Box 857
Telephone 80 103
Christchurch: 130 Oxford Terrace
P.O. Box 1721
Telephone 50 331
Dunedin: T. and G. Insurance Building, Princes Street
P.O. Box 1104
Telephone 78 294
Wholesale Retail Mail Order

Postage: All publications are post or freight free within New Zealand by second-class surface mail or surface freight.

Postage or freight is extra when publications are forwarded by first-class surface mail, by air mail, or by air freight overseas.

Call, write, or phone your nearest Government Bookshop for your requirements.

THE NEW ZEALAND GAZETTE

Subscriptions—The subscription is at the rate of $18 per calendar year, including postage, payable in advance.

Single copies available as issued.

The price of each Gazette varies and is printed thereon.