6 JULY
THE NEW ZEALAND GAZETTE
1429

Administrative expenses .. .. 716,479 633,778
Trustees’ honoraria .. .. 2,973 2,848
Depreciation .. .. 35,084 34,307
Provision for taxation .. .. 108,743 41,475
Net profit—carried down .. .. 120,049 57,705
——————— ———————
$2,115,272 $1,843,666

Interest on investments—
From New Zealand Government stock .. .. 1,039,518 1,013,578
From local authorities .. .. 128,274 119,852
From mortgages .. .. 754,508 582,498
From other sources .. .. 86,877 75,663
Sub-total .. .. 2,009,177 1,791,591
Income from other sources .. .. 106,095 52,075
——————— ———————
$2,115,272 $1,843,666

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED
31 MARCH 1972

Provision for donations .. .. .. 14,000 10,000
Transfer to reserve fund .. .. .. 106,049 47,705
——————— ———————
$120,049 $57,705

Net profit—brought down .. .. .. 120,049 57,705
——————— ———————
$120,049 $57,705

BALANCE SHEET AS AT 31 MARCH 1972

Depositors’ accounts—
Ordinary accounts .. .. 25,141,796 22,356,386
Investment accounts .. .. 10,789,770 10,980,496
——————— ———————
Total depositors’ funds .. .. 35,931,566 33,336,882

Other liabilities—
Interest accrued on investment accounts .. 337,852 272,741
Owing to trustee savings banks .. 15,188 13,180
Sundry creditors .. 19,750 27,611
——————— ———————
Total other liabilities .. .. 372,790 313,532
Provision for donations .. .. 14,000 10,000
Provision for taxation .. .. 108,743 41,475
Special appropriations (deferred tax) .. .. 149,149 146,267
Reserve fund .. .. 508,011 365,533
——————— ———————
$37,084,259 $34,213,689

Current assets—
Cash in hand and at bank .. .. 148,896 307,643
Fixed deposits .. .. 1,238,300 1,298,300
Call deposits .. .. 365,000 ..
Accrued interest .. .. 316,462 302,621
Owing by trustee savings banks .. 21,675 12,984
Prepayments (tax in advance) .. 38,406 3,006
Sundry debtors .. .. 25,566 42,128
——————— ———————
Total current assets .. .. 2,154,305 1,966,682

Investments—
New Zealand Government stock .. .. 19,939,491 19,414,000
Local authority securities .. .. 2,543,148 2,172,110
Mortgages .. .. 12,003,977 10,265,448
——————— ———————
Total investments .. .. 34,486,616 31,851,558

Fixed assets—
Land and buildings 287,710 3,800 283,910 235,149
Vehicles, equipment, etc. .. 373,184 213,756 159,428 160,300
——————— ———————
Total fixed assets .. .. 443,338 395,449
——————— ———————
$37,084,259 $34,213,689

Capital commitments—
Mortgages approved but not advanced .. 786,707 710,407
Local Body Investments approved but not advanced .. .. 75,000 60,000

N. J. CLARKE, President.
S. R. McROBIE, General Manager.

AUDITORS’ REPORT

The above balance sheet and attached profit and loss account are in agreement with the books which, in our opinion, have been properly kept. We have obtained all the information and explanations we required.

In our opinion, according to the best of our information and the explanations given to us, the above balance sheet and profit and loss account present fairly the financial position of the Waikato Savings Bank as at 31 March 1972 in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.

FISHER, DAY, MATTHEWS, AND HILTON,
Chartered Accountants and Auditors.

Hamilton, 5 May 1972.

1751

TARANAKI SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1972

Depositors’ balances—
Ordinary accounts .. .. 19,060,023 17,814,993
Thrift club .. .. 850,655 716,401
Home lay-by .. .. 376,618 323,730
Christmas club .. .. 74,839 58,228
——————— ———————
20,362,135 18,913,352
Investment accounts .. .. 8,824,364 8,471,948
——————— ———————
Total liability to depositors .. 29,186,499 27,385,300
National savings accounts .. 188,795 229,287
Add interest suspense account .. 3,990 4,788
——————— ———————
192,785 234,075

Other liabilities—
Interest accrued on investment accounts .. 232,349 219,344
Sundry creditors .. .. 7,817 5,249
Remittances in transit .. 3,152 3,185
——————— ———————
Total other liabilities .. .. 243,318 227,778
Provision for donations .. .. 40,000 40,000
Provision for taxation .. .. 254,631 244,127
Reserve fund: .. .. 1,650,017 1,542,587
——————— ———————
$31,567,250 $29,673,867