1582

CANTERBURY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1971

Interest to Depositors—
On open accounts ... ... ... ... 806,936
Closed accounts and matured investment accounts ... 314,286
Accrued on investment accounts ... ... ... 336,080
Home layby accounts: suspensory free deposits ... ... 795

1,458,097
Administrative expenses ... ... ... ... 875,081
Trustees' honoraria ... ... ... ... 3,515
Depreciation ... ... ... ... 47,083
Provision for taxation ... ... ... ... 132,462
Net profit ... ... ... ... 130,085
$2,646,323

Interest on investments—
From New Zealand Government stock ... 1,391,183
From local authorities stock ... ... 142,994
From mortgages ... ... ... ... 924,295
From other sources ... ... ... ... 129,319

2,587,791
Income from other sources ... ... ... ... 58,532
$2,646,323

APPROPRIATION ACCOUNT

Provision for donations ... ... ... ... 16,000
Transfer to reserve ... ... ... ... 114,085
$130,085

$ 130,085
$130,085

Net profit

BALANCE SHEET AS AT 31 MARCH 1971

Depositors' accounts—
Ordinary accounts ... ... ... ... $ 32,048,039
Thrift accounts ... ... ... ... 1,958,862
34,006,901
Investment accounts ... ... ... ... 13,585,870
Total liability to depositors ... ... ... ... 47,592,771

Other liabilities—
Interest accrued on investment
accounts ... ... ... ... 336,080
Mortgages ... ... ... ... 109,300
Owing to other trustee banks ... ... 63,389
Remittances in transit ... ... ... 112,248
Staff provident fund ... ... ... ... 187,448
Sundry creditors ... ... ... ... 66,092

Total other liabilities ... ... ... ... 874,557

Provision for donations ... ... ... 16,000
Provision for taxation ... ... ... ... 223,767
Premiums due on redemption of
Government stock ... ... ... ... 146,532
Reserve fund ... ... ... ... 426,908
$49,280,535

Current assets—
Cash on hand and at bank ... ... ... $ 1,256,552
Fixed deposits ... ... ... ... 1,200,000
Interest accrued on investments ... ... 481,461

Current assets—continued
Owing by other trustee savings
banks ... ... ... ... ... 21,377
Prepayments ... ... ... ... ... 6,760
Remittances in transit ... ... ... ... 25,538
Sundry debtors ... ... ... ... ... 6,018
Short term investments ... ... ... ... 250,000

Total current assets ... ... ... ... ... 3,247,706

Investments—
N.Z. Government stock ... ... ... ... 27,282,000
Local authority securities ... ... ... ... 2,823,713
Mortgages ... ... ... ... ... 15,269,495

Total ordinary investments ... ... ... ... ... 45,375,208

Fixed assets—
Cost Dep'n Book
Price to Date Value
$ $ $
Land and buildings 452,152 25,352 426,800
Furniture, equipment, etc. ... 434,844 204,023 230,821
Total fixed assets ... ... ... ... ... 657,621
$49,280,535

Note to accounts—New Zealand Government stock
Cost value ... ... ... ... ... ... 27,135,468
Premiums due on redemption ... ... ... ... 146,532
Nominal value ... ... ... ... ... ... 27,282,000

H. P. SMITH, President.
FRANK DICKSON, General Manager.

AUDITORS’ REPORT

In our opinion, the accompanying balance sheet and profit and loss account give a true and fair view of the state of affairs of the bank at 31 March 1971, and of its results for the year ended on that date. We have obtained all the information and explanations we have required.

In our opinion, proper books have been kept by the bank and the accounts comply with the Trustee Savings Banks Act 1948.

PICKLES, PERKINS, AND HADLEE.

CONTENTS

ADVERTISEMENTS ... ... ... ... ... 1571
APPOINTMENTS ... ... ... ... ... 1540
BANKRUPTCY NOTICES ... ... ... ... ... 1569
DEFENCE NOTICE ... ... ... ... ... 1538
LAND TRANSFER ACT: NOTICES ... ... ... ... 1570
MISCELLANEOUS—
Burial and Cremation Act: Notice ... ... ... ... 1541
Child Welfare Act: Notice ... ... ... ... ... 1541
Coal Mines Act: Notice ... ... ... ... ... 1541
Customs Act: Notices ... ... ... ... ... ... 1552
Customs Tariff: Notice ... ... ... ... ... ... 1557
Department of Agriculture Act: Notice ... ... ... 1552
Diplomatic Privileges and Immunities Act: Notice ... 1541
Electricity Act: Notice ... ... ... ... ... ... 1550
Harbours Act: Notices ... ... ... ... ... ... 1551
Indecent Publications Act: Notices ... ... ... ... 1553
Land Districts, Land Reserved, Revoked, etc. ... ... 1551
Local Authorities Loans Act: Notice ... ... ... ... 1553
Meat Act: Notice ... ... ... ... ... ... 1550
Motor Launch Regulations: Notice ... ... ... ... 1551
National Roads Board: Notices ... ... ... ... ... 1552
Officiating Ministers: Notices ... ... ... ... ... 1540
Public Works Act: Notices ... ... ... ... ... ... 1541
Regulations Act: Notice ... ... ... ... ... ... 1567
Reserve Bank: Statement ... ... ... ... ... ... 1567
Reserve Bank: Summary ... ... ... ... ... ... 1568
Schedule of Contracts: Notice ... ... ... ... ... 1559
Standards Act: Notices ... ... ... ... ... ... 1556
Tariff and Development Board Act: Notice ... ... 1556
PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS 1535–1538

THE NEW ZEALAND GAZETTE
No. 58

Price 30c
BY AUTHORITY: A. R. SHEARER, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1971