29 JULY
THE NEW ZEALAND GAZETTE
1521
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1971
1970 $
Interest to depositors:
$
475,372 On open accounts . . . . .
151,779 Closed accounts and matured invest-
ment accounts . . . . . .
200,554 Accrued on investment accounts .
100 Home lay-by accounts: suspensory free
deposits . . . . . . . . . .

827,805
Administrative expenses
247,417
Trustees honoraria
3,162
Depreciation
29,557
Provision for taxation
114,000
Net profit
114,078

$1,336,679
1971 $
Interest accrued and received
from—
801,702.18 N.Z. Government stock ..
5,231.41 Local authorities stock ..
442,110.81 Mortgages
56,883.77 Other sources ..

1,305,928.17
30,690.71 Commissions, fees, and sundry
receipts ... ...
$1,336,618.88

$
491,903
165,664
219,344
56

876,967
304,907
2,647
28,512
128,000
128,743

$1,469,776
1971
$
Interest on investments—
801,702 From N.Z. Government stock ...
5,231 From local authorities stock ...
442,111 From mortgages . . .......
56,884 From other sources ...

1,305,928
30,691 Income from other sources ...
$1,336,619

1971
$
825,672
4,761
550,150
60,502

1,441,085
28,691
$1,469,776

1970
$
Interest on investments—
801,702 From N.Z. Government stock ..
5,231 From local authorities stock .
442,111 From mortgages . ..
56,884 From other sources . ...

1,305,928
30,691 Income from other sources . .
$1,336,619

1971
$
1,441,085
28,691
$1,469,776

N. G. VICKERS, President.
E. A. EVANS, General Manager.
We have examined the balance sheet of Taranaki Savings Bank
as of 31 March 1971, and the related profit and loss account for the
year then ended. Our examination was made in accordance with
generally accepted auditing standards, 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 and profit and
loss account present fairly the financial position of Taranaki
Savings Bank at 31 March 1971, and the results of its operations
for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of
the preceding year.
WYNYARD, RIDLAND, AND GLASGOW,
Chartered Accountants, Auditors.
New Plymouth, 3 May 1971.
1263
WANGANUI SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1971
Interest to depositors—
On open accounts.
Closed accounts and matured investment
accounts.
Accrued on investment accounts
Administrative expenses
Trustees’ honoraria
Depreciation.
Provision for taxation
Net profit—carried down
Interest on investments—
From New Zealand Government stock
From local authorities stock
From mortgages
From other sources
Income from other sources
APPRIORIATION ACCOUNT
Provision for donations
Transfer to reserve
$
159,514.54
68,123.82
77,841.22
305,479.58
158,593.43
2,248.50
14,045.99
17,446.56
25,424.44
$523,238.50
$
304,112.48
24,576.56
156,578.62
21,429.11
506,696.77
16,541.73
$523,238.50

$
5,500.00
19,924.44
$25,424.44

$
25,424.44
$25,424.44
APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1971
1970 $
40,000 Provision for donations
2,659 Buildings demolished
72,439 Reserve account

$115,098

1971
$
40,000

96,263

$136,263

1971
$
7,520
128,743

$136,263

420 Donation reserve balance
124,678 Net profit
$135,098
DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31 MARCH 1971
1970
$
475,371.98 Interest to depositors on open accounts 491,903.24
151,779.68 Closed accounts and matured investment
accounts . . . . . . . . . . . . . 165,663.42
200,553.70 Accrued on investment accounts . . . . . 219,343.73
100.00 Home lay-by accounts suspensory free
deposits . . . . . . . . . . . . . . . 56.18

827,805.36
Administrative expenses:
155,200.57 Salaries and wages
3,161.50 Trustees honoraria
25,550.25 Printing, advertising and stationery
7,617.86 Rates and Insurance premiums
179.71 Share of earthquake premiums of prop-
erties mortgaged to the bank
739.45 Trustees travelling and inspection fees
9,369.85 Staff provident fund contributions
3,074.94 Rent branch premises
3,317.78 Lighting and Heating
30,477.60 General office expenses
11,888.50 Expenses maintaining bank premises
29,557.45 Depreciation
114,000.00 Provision for taxation
114,678.06 Net profit
$1,336,618.88
1971
$
876,966.57
196,768.77
2,647.50
28,479.91
7,973.12
197.71
152.50
11,787.58
3,720.67
3,329.49
39,992.77
12,504.28
28,512.52
128,000.00
128,742.92
$1,469,776.31