6 JULY THE NEW ZEALAND GAZETTE 1433

Interest on investments—
New Zealand Government stock .. .. .. 1,547,080
Local authorities stock .. .. .. 175,779
Mortgages .. .. .. 1,223,061
Other sources .. .. .. 110,023
—————————
3,055,943
Income from other sources .. .. .. 70,170
—————————
$3,126,113
—————————

APPROPRIATION ACCOUNT
$
Provisions for donations .. .. .. .. 26,000
Transfer to Reserve .. .. .. .. 155,342
—————————
$181,342
—————————
$
Net Profit .. .. .. .. .. 181,342
—————————
$181,342
—————————

BALANCE SHEET AS AT 31 MARCH 1972
$
Depositors’ accounts—
Ordinary accounts .. .. .. 38,074,620
Special accounts .. .. .. 2,194,191
—————————
40,268,811
Investment accounts .. .. 14,033,015
Total liability to depositors .. .. 54,301,826

Other liabilities—
Interest accrued on investment
accounts .. .. .. 438,412
Mortgages .. .. .. 88,900
Owing to other trustee banks .. .. 10,093
Remittances in transit .. .. 253,988
Staff provident fund .. .. 254,750
Sundry creditors .. .. 144,428
—————————
Total other liabilities .. .. .. 1,190,571
Provision for donations .. .. .. 26,000
Provision for taxation .. .. .. 258,624
Premiums due on redemption of Government stock 146,532
Reserve fund .. .. .. 582,250
—————————
$56,505,803
—————————

Current assets—
$
Cash on hand and at bank.. .. .. 1,874,934
Fixed deposits .. .. .. 1,000,000
Interest accrued on investments .. 543,618
Owing by other trustee savings banks 20,944
Prepayments .. .. .. 7,731
Remittances in transit .. .. 45,733
Sundry debtors .. .. .. 5,316
—————————
Total current assets .. .. .. 3,498,276

Investments—
N.Z. Government stock .. .. 30,182,000
Local authority securities .. 3,326,377
Mortgages .. .. .. 18,680,600
—————————
Total ordinary investments .. .. 52,188,977

Fixed assets—
Cost Depreciation Book
Price to Date Value
$ $ $
Land and buildings .. 601,357 29,040 572,317
Vehicles, equipment,
furniture, etc. .. 493,206 246,973 246,233
Total fixed assets .. .. .. 818,550
—————————
$56,505,803
—————————

Note to accounts—New Zealand Government stock— $
Cost value .. .. .. 30,035,468
Premiums due on redemption .. .. 146,532
—————————
$30,182,000
—————————

P. E. McDONALD, President.
FRANK DICKSON, General Manager.

G

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 1972, 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.

GILFILLAN, GENTLES, PICKLES, PERKINS, AND CO.
1703

SOUTHLAND SAVINGS BANK
BALANCE SHEET AS AT 31 MARCH 1972
$
Depositors’ accounts—
Ordinary accounts .. .. 34,268,059
Thrift club accounts .. .. 60,774
—————————
Sub-total .. .. 34,328,833
Investment Accounts .. .. 5,576,960
—————————
Total liability to depositors .. .. 39,905,793
National savings accounts .. .. 62,482
Add interest suspense account .. .. 1,633
—————————
64,115
—————————
Sub-total .. .. .. 39,969,908

Other liabilities—
Interest accrued on investment
accounts .. .. .. 203,229
Mortgages .. .. .. ..
Owing to other trustee banks .. .. ..
Remittances in transit .. .. ..
Staff provident fund .. .. ..
Sundry creditors .. .. 4,276
Other (detail) .. .. ..
—————————
Total other liabilities .. .. .. 207,505
Provision for donations .. .. .. 45,000
Provision for taxation .. .. .. 199,508
Reserve fund .. .. .. 2,567,451
—————————
$42,989,372
—————————

Current assets—
$
Cash on hand and at bank .. .. 2,635,591
Fixed deposits .. .. 1,462,200
Interest accrued on investments .. 458,415
Remittances in transit .. .. 83,633
Sundry debtors .. .. 365
—————————
Total current assets .. .. .. 4,640,204

Investments—
New Zealand Government stock .. 22,130,385
Local authority securities .. 6,464,668
Mortgages .. .. 8,542,108
—————————
Total ordinary investments .. .. 37,137,161

National savings securities—
New Zealand Government stock .. 64,115
Cash on hand and at bank .. .. ..
—————————
Total national savings securities .. .. 64,115

Fixed assets—
Cost Depreciation Book
Price to Date Value
$ $ $
Land and buildings .. 1,170,337 192,986 977,351
Vehicles, equipment,
furniture, etc. .. 451,557 281,016 170,541
Total fixed assets .. .. .. 1,147,892
—————————
$42,989,372
—————————

Government stock reconciliation— $
Cost price .. .. .. 22,000,875
Add capital gain on purchase .. .. 128,625
—————————
$22,129,500
—————————

National savings securities—
New Zealand Government stock purchased at par.