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

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER
1970
(Expressed in New Zealand Currency)

1969
$
2,490,713 Interest to depositors
534,266 Management and operating expenses

3,024,979 Total expenses
228,700 Provision for taxation
230,020 Net profit for period
$3,483,699

1969
$
Income from investments—
New Zealand Government stock and local authority securities
520,967 Other investments

3,435,759
47,940 Other Income
$3,483,699

PROFIT AND LOSS APPROPRIATION ACCOUNT
1969
$ Underprovision for taxation 1969
15,000 Transfer to contingencies reserve
160,000 Transfer to general reserve
40,000 Dividend
68,920 Balance carried forward
$283,920

1969
$ Balance brought forward
53,771
230,020 Net profit for period
129 Overprovision for taxation
$283,920

NOTES ON THE ACCOUNTS

1. The market value of Government and local authority securities at 30 September 1970, was $75,121,569.
2. There is a contingent liability for subsidies on home lay-by accounts.

1970
$
2,874,611 Interest to depositors
635,018 Management and operating expenses

3,509,629 Total expenses
276,720 Provision for taxation
278,326 Net profit for period
$4,064,675

1970
$
3,294,507 New Zealand Government stock and local authority securities
755,038 Other investments

4,049,545
15,130 Other Income
$4,064,675

1970
$ 831 Underprovision for taxation 1969
20,000 Transfer to contingencies reserve
200,000 Transfer to general reserve

126,415 Balance carried forward
$347,246

1970
$ 68,920 Balance brought forward
278,326 Net profit for period

$347,246

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 1970, 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.

HUNT DUTHIE and CO.,
Chartered Accountants
WATKINS, HULL, WHEELER and JOHNSTON,
Chartered Accountants
Joint
Auditors.
Wellington, New Zealand, 19 October 1970.

CONTENTS

ADVERTISEMENTS
APPOINTMENTS
BANKRUPTCY NOTICES
DEFENCE NOTICE
LAND TRANSFER ACT: NOTICES
MISCELLANEOUS—
Climatological Table: Notice
Corrigenda
Customs Tariff: Notices
Electricity Act: Notice
Import Control Regulations: Notice
Justices of the Peace: Notices
Land Act: Notice
Local Authorities Loans Act: Notices
Maori Affairs Act: Notices
Noxious Weeds Act: Notice
Public Works Act: Notices
Regulations Act: Notice
Reserve Bank Statement
Sales Tax Act: Notices
Schedule of Contracts: Notice
Social Security Act: Notice
Standards Act: Notices
Transport Act: Notices

PAGE
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133
127
105
122-126
114
116
108
121
118
116
118
109-114, 116
124
126
120
123
109
118
115

PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS 105-107