5 AUGUST
THE NEW ZEALAND GAZETTE
1581
The foregoing special order was passed at a special meeting
of the Auckland Regional Authority convened for that purpose and held on 21 June 1971, and confirmed at an ordinary
meeting of the said Authority held on 19 July 1971, having
meantime been advertised in the Auckland Star on 26 June
and 10 July 1971.
The common seal of the Auckland Regional Authority was
hereunto affixed in the presence of the Chairman and Secretary.
T. H. PEARCE, Chairman.
N. C. BELL, Secretary.
SOUTHLAND SAVINGS BANK
BALANCE SHEET AS AT 31 MARCH 1971
Depositors' accounts—
Ordinary accounts .. 31,713,804
Thrift Club accounts .. 63,242
Subtotal .. 31,777,046
Investment accounts .. 5,514,760
Total liability to depositors .. 37,291,806
National savings accounts .. 63,134
Add interest suspense account .. 1,754
64,888
Subtotal .. 37,356,694
Other liabilities—
Interest accrued on investment
accounts .. 171,209
Mortgages .. 6,336
Owing to other trustee banks ..
Remittances in transit ..
Staff provident fund ..
Sundry creditors ..
Other (detail) ..
Total other liabilities .. 177,545
Provision for donations .. 40,000
Provision for taxation .. 194,362
Special appropriations of reserves ..
Reserve fund .. 2,382,237
$40,150,838
Current assets—
Cash on hand and at bank .. 1,896,976
Fixed deposits .. 1,312,200
Interest accrued on investments .. 439,277
Owing by other trustee savings banks ..
Prepayments ..
Remittances in transit .. 41,848
Sundry debtors .. 379
Total ordinary investments .. 3,690,680
Investments—
New Zealand Government stock .. 21,503,652
Local authority securities .. 6,488,714
Mortgages .. 7,432,646
Total ordinary investments .. 35,425,012
National savings securities—
New Zealand Government stock .. 64,888
Cash on hand and at bank ..
Total national savings securities .. 64,888
Fixed assets—
Cost Dep'n Book
Price to Date Value
$ $ $
Land and buildings 955,076 177,863 777,213
Vehicles, equipment,
furniture,
etc.. 435,042 241,997 193,045
Total fixed assets .. 970,258
$40,150,838
Government stock reconciliation—
Cost price .. 21,350,915
Add capital gain on purchase .. 128,625
Face value .. $21,479,540
National savings securities—
New Zealand Government stock purchased at par.
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1971
Interest to depositors—
On open accounts .. 804,692
Closed accounts and matured investment accounts 116,649
Accrued on investment accounts .. 171,209
Home lay-by accounts: suspensory free deposits ..
Subtotal .. 1,092,550
Administrative expenses .. 430,518
Trustees' honoraria .. 3,242
Depreciation .. 62,186
Provision for taxation .. 194,362
Net profit—carried down .. 214,811
$1,997,669
Interest on investments—
From New Zealand Government Stock .. 1,086,666
From Local Authorities Stock .. 344,380
From mortgages .. 416,902
From other sources .. 108,465
Subtotal .. 1,956,413
Income from other sources .. 41,256
$1,997,669
APPROPRIATION ACCOUNT
Provision for donations .. 40,000
Transfer to reserve .. 174,811
$214,811
Net profit, brought down .. 214,811
P. C. FRAMPTON, President.
L. R. D. PAYNE, General Manager.
AUDITORS' REPORT
We, the undersigned, being the auditors of the Southland Savings
Bank, appointed in terms of section 29 (3) of the Trustees Savings
Banks Act 1948, report—

1. That we have examined the books, accounts, and vouchers
   of the bank and have received all the information and explanations
   we have required.
2. We have verified the cash, investments, securities, and assets
   of the bank as at 31 March 1971.
3. The general manager has certified that, to the best of his
   knowledge and belief, all requirements of the Trustees Savings
   Banks Act 1948, and regulations thereunder, have been complied
   with.
   In our opinion, the above 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 Southland Savings Bank's affairs as at
   31 March 1971, and of the results of its business for the year ended
   on that date, in conformity with generally accepted accounting
   principles and applied on a basis consistent with that of the preceding year.
   HENDERSON, ADAM, AND CO., Auditors.
   Invercargill, 31 May 1971.
   1427